Ber- months is fast approaching. It deals with the months of cold. Talking, about cold. For this past few months cryptocurrencies are a bit so-so. We can see that the market gets, "red". Bitcoin is literally, the king of all crypto coins.
If you understand, the cycle you will understand that it actually it is stable but it goes through the halving cycle every 4 years. When it halves it's worth a lot and then it's worth a little bit less as time goes on to the next halving. That's the cycle that a lot of people simply do not understand. But I think yes Bitcoin is stable, actually more stable than almost every other coin.
But won't be back at its full price in 2 months or 6. It's not expected to be. That's why it's called a crypto winter. All prices drop with the btc fall cycle.
That's okay. Just need to understand two things. Btc goes through cycles than can be predicted. And 2) that all coins follow btc trends. Start there and once you understand that you can expand your coin knowledge. It's not random. There is a pattern that repeats.
Holding works also. Just don't panic when prices go down. That's often mistake #1.
Many sell when they see a dip. That only fuels a crash. Of course, I've been wrong and I'm not giving financial advice here.
Yes, I was wrong. Lost a bit on that because, I missed the right time to sell.
Next bitcoin halving is in 2 years. That's when we will see an altcoin recovery.
Eth is about to go proof of stake making mining unprofitable for at least 2 years. It's going to be tough for miners and alt coins to survive what's to come.
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