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[faribakhazaei]

Analyst Michael Wendy Pope posted the image on his Twitter page, stating that Bitcoin is currently in the bear trap phase, and according to him, we still have a long way to go. The bear trap is the stage of an uptrend in which, with a sudden drop in prices, market participants mistakenly assume that a downtrend is beginning. But in fact, this price drop was only temporary. Vendors known as market bears fall into the trap and sell where they should not.

 

[Niftyicon]

Analyst Michael Wendy Pope posted the image on his Twitter page, stating that Bitcoin is currently in the bear trap phase, and according to him, we still have a long way to go. The bear trap is the stage of an uptrend in which, with a sudden drop in prices, market participants mistakenly assume that a downtrend is beginning. But in fact, this price drop was only temporary. Vendors known as market bears fall into the trap and sell where they should not.

It is easier for those who have gone through the bear market before to hold their positions no matter how low btc gets but newbies may not be able to out of fear.

 

[Brain]

It is easier for those who have gone through the bear market before to hold their positions no matter how low btc gets but newbies may not be able to out of fear.

That's why they are newbies. We can't expect new people to a system to function on the same frequency with the known users. So I believe the market is at the point it should be

 

[Wisdom01]

Every coin have its bullish and bearish days ,and I think Bitcoin have its bearish period then and now it's in bullish period ,I don't see a downtrend occuring as people are buying more

 

[Niftyicon]

That's why they are newbies. We can't expect new people to a system to function on the same frequency with the known users. So I believe the market is at the point it should be

Absolutely! I agree that it takes a while for new users to master their emotions where cryptocurrencies is concerned and users who enjoy crypto investments the most are those who entered the markets when in a bearish trend.

 

[Brain]

Absolutely! I agree that it takes a while for new users to master their emotions where cryptocurrencies is concerned and users who enjoy crypto investments the most are those who entered the markets when in a bearish trend.

Definitely, the people will enjoy better at a certain time which I totally agree with you. Maybe new members should always be given the time to grow and believe in the market

 

[Wisdom01]

Definitely, the people will enjoy better at a certain time which I totally agree with you. Maybe new members should always be given the time to grow and believe in the market

I have noticed that majority who lose in the market are always newbie , because their mind is always associated to profit making only without learning

 

[Niftyicon]

I have noticed that majority who lose in the market are always newbie , because their mind is always associated to profit making only without learning

This is the unfortunate situation of things. Many newbies enter the markets with the get rich quick mentality and zero knowledge which leaves them in losses most of the time.

 

[Brain]

I have noticed that majority who lose in the market are always newbie , because their mind is always associated to profit making only without learning

Lol but what do you think attracted them in the first place it is the profit they have heard so far so I believe this always node them on than how things work

 

[Wisdom01]

Lol but what do you think attracted them in the first place it is the profit they have heard so far so I believe this always node them on than how things work

They should have been patient ,the profit dosent just come so easy like that , the person involved obviously need to learn well before becoming perfect