Bitcoin $BTC mining veteran JiangZhuoer is sure we are not in 'deep' bear market Bitcoin HODL
soar as they have a mature technology & ecosystem, daily increased users and significant inflow of funds.— Jiang Zhuoer BTC.TOP In 2022, the Bitcoin price upsurge is driven not by speculation, but by the adoption and growing userbase of the first cryptocurrency, Mr. Jiang Zhuo'er adds.
Moreover, according to him, Bitcoin might never see another"deep" bear market. By"deep," an analyst means a situation of prolonged and profound correction."Never use crypto-based leverage" However, Mr. Jiang Zhuo'er warns that Bitcoin is not protected from 70-80% corrections. But they will be short-term: traders will buy the dip and catalyze the price rapidly.
As such, traders should not rely on crypto-based leverage in their straregies, Mr. Jiang Zhuo'er admits.Since there's no deep bear market, the market might act like a V form, which means there’s short time for investors to buy at the bottom. Or it turns into a mini bear market, in which investors will face a Fomo situation or get less coins in the end.
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