Crypto bear market , the need for another source of income
The bear market have really lasted longer than I thought , I was among those people who thought that the bear market will not last for too long because I was so confident that bitcoin would touch $60,000 by end of 2022 and so i was assuming that the market will bounce back quickly and touch that price no matter the bear trend we experience on the crypto market, but I was totally wrong, the bear market continued and bitcoin price have fallen to even $17,000 and still currently trading within that range..
Another thing which I observed is that , having another source of income have helped some traders to be able to still have confidence in the crypto market without getting afraid of the current bear market, what those kind of traders are busy doing is that they keep buying more and more bitcoin with the hope that bitcoin will bounce back someday and that will happen though I am not certain when exactly it will happen but I believe the bear market cannot continue forever...
Now how will a trader be able to buy more and more coins when there is no capital to use to continue to buy their favourite coins during the bear season ?? That is why it is more interesting and easier if the trader have a major source of income which will give them money to be able to keep investing on the crypto market..
That is why I personally always tell traders that having another source of income have a way of making crypto trading more interesting to do and it makes it easier for a trader to avoid panicking too much when the crypto market is not favourable at any moment , a trader with another source of income probably would be less afraid of the market than someone who do not have any other source of income..
Note : This is just my own opinion and does not necessarily represent general facts about crypto traders on the market...
I might be wrong , I might be right..its just my own personal opinion..