Market sentiment is low and that is the time to be bold

[emma.lee1890]

There is a classic saying by Warren Buffett that says “be fearful when others are greedy and greedy when others are fearful” and I fully agree with this statement. At the time of writing the market sentiment in Bitcoin and cryptocurrencies in general is fairly low and many investors have lost hope or are quite bearish about the current outlook. When one starts seeing comments such as “Bitcoin will never go over $10k”, it is generally a good idea to start considering buying in.
Bitcoin’s valuation has repeated certain market cycles since the beginning and while the size and timeframe of these cycles tend to differ, the same principles apply. They have times of massive bull markets with hype and growth, then we have corrections and bear markets, and then they have periods of relative stability and consolidation, and then the cycle repeats itself.

The big question is, are they in a prolonged bear market or is this more like a pause between two massive growth periods, similar to what happened in 2013?

[obito uciha]

maybe everyone still doubts bitcoin because the level of knowledge about bitcoin is still low it takes a little longer to try to follow it.
and this is very preferred by traders who have long been involved in it to immediately buy bitcoin ..

[Watu_pawon]

That's a very good phrase and I think it's true, and when many people are afraid and panicked to sell, we should make a purchase and that way we can make a profit.

[Bica]

Bitcoin's long-term adjustment remains optimistic, as the price continues to stay above the support level of $ 6000. The last rebound from support occurred on September 10. If support at $ 6,000 continues, now Bitcoin can start another bull run.

[Crypto Prime]

Yeah, we have to be brave when the downtrend is happening. We must be part of the whale that can put a few coins into the wallet. And we can hold that for some time until the market returns to the bull run. This will greatly benefit us.