Would A Crypto Bear Market Be good This Year?

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Hey, Average Investor here. Today I wanted to talk about if I think a bear market would be good in the crypto space.
To start this off I think it is important to not think of this as FUD, but rather talking about a healthy market cycle. Also, you're within the 5% of the world using and investing into this technology, so you likely have a very bright future in this space.

Every year in any sort of market you're involved in you should expect a a correction. As well as about every 5 years for there to be a crash. Bear markets can typically last about a year, but obviously this space is relatively new and unpredictable. But the important thing to note is that if you do sell, then you will lose. Fear and uncertainty in any space can lead you you making irrational decisions. Maybe getting out of the market too soon, or maybe even putting in more than you can afford. As well as being too impatient on returns for an investment.

Diversity is extremely important to consider no matter what market you're entering. Always expect any investment you have to drop 50-70% at any given time. Hedging funds into traditional assets like property, stocks, gold, silver etc can be very beneficial to minimize losses. As well as have a large diversity within your crypto assets.

While the market is down there are many things that can be very beneficial to investors. For starters you will have much more time to understand crypto itself. There are so many developing projects in this space it can be hard to wrap your head around all of them. Also, you can make sure that your projects your holding or planning to hold are showing real progress and real use. I have seen many new uses and updates on projects I am very interested in like civic, steem, and basic attention token. This time will allow many things such as EOS mainnet to come out, further development in things like golem, ada, and many others. As well as give time for more adoption to the lighting network and many more projects.

Another big thing a bear market will do is allow you a lot of time to accumulate. I personally always try and invest in bitcoin around $6k and lower. While this market has provided quite a few opportunities for that, I feel if it continues there will be more chances to accumulate around there. As well as allowing people with new interest or lower income to get involved without high premiums. I have a lot of friends getting into the space and I simply suggest to them to pull aside $10 every check and toss it into crypto to help get a feel for the market. Which is not very risky as they may only have to give up two coffees to do it each paycheck. I also help them get started in investing with robinhood, which gives them a free stock starting out.

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