The Crypto Market and Thoughts of traders and investors Currently

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Are we in a bear market, will the bull market come to pass, what is happening in the crypto space, and so on? These and many more questions are what many crypto enthusiasts most especially the newbies have been asking to know.

Last night we all saw how the crypto market was. The entire crypto market experienced a "catastrophic" dump where Bitcoin (BTC) fell by more than 15%, Ethereum by over 20%, and STEEM by over 22%.

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Hmmm, this is so disheartening, to everyone most especially newbies in the crypto industry who might be experiencing such a dump for the first time. If you have never experienced such a dump (dip) you might likely cry after seeing your portfolio, but don't because the market will surely bounce back.

The questions bordering the minds of traders/investors;

• Is the bull run over?

• Why is my portfolio going down helplessly?

• I am tired of crypto trading/investment, let me go and get a job.

These and many others are part of the questions so many crypto newbies are saying to their mentors and on most crypto social media groups. Should I be tired, the problem is many newbies who started their journey into the crypto space a few weeks or months ago, might feel discouraged because of how bearish the market has been for a few days now. Some of us here have been in the crypto industry for years, and have chosen patience and consistency over instant gratification.

When you said that above to someone who is worrying you will hear, will patience pay off? Obviously, YES! Patience is what pays off In the crypto market which I have experienced many times. It is said that a patient dog is a dog that eats the fastest bone. In the crypto market, dumping comes before pumping, and what several people see as the instant pump is years and months of watching, observing, studying, and analyzing the market trend and losses while understanding the flow of liquidity in the market.

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However, an investor or trader who just entered the market today and made an instant profit of $5k will think that crypto is designed for people to make an instant profit. If you have ever made an instant profit (gain) in the crypto market, then know that the three possible scenarios make it possible for you to make an instant profit.

1. Another person has paid the price of patience on your behalf by telling you the coin to buy.

2. You were opportune to get the right information at the right time.

3. It is possible you were just lucky to gamble in the market.

As a crypto enthusiast, I sincerely know how you are feeling right now and I can also tell you that you aren't the only one as many people are going through what you are going through right now. I want to assure you that this stage that we are in will pass and the bull run which we all have been waiting for will come with a warm smile and huge profits if you are patient enough.

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Disclaimer

_{Note this is not investment advice, but it is a tip of what I observed from many traders and investors based on the few questions that I saw people asking in most of the crypto community that I joined.}