Bear market is a period or situation where the price of cryptocurrency declined. It is a situation where by the price decline more than 20% from the recent high.
It is possible for an investor to become a millionaire through the bear market. During the bear market the price goes down and this gives an investor opportunity to buy more crypto at a lower price.
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Through applying different buying strategy like DCA which is Dollar cost averaging is a buying strategy where by an investor divide its total amount into different section and start buying at an interval in such a way to reduce volatility on asset.
Through the DCA Strategy during the bear market an investor can becoming a millionaire when there is a high pump in price or when during the bull market.
Through HODL, when an investor wait patiently and save his crypto for a long term period. An investor buy and HODL it helps an investor to avoid loss. When investor buys during the bear market and hodl for a long time it’s possible for the crypto to multiply and an investor make a massive gain.
Bottom line it is possible for bear market make an investor a crypto millionaire.
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