🐻 A true bear market is not a minus 10%. It's when you lose hope.

Decline — recovery — decline again.

And so on in circles. At least 2–3 times.

Each time you think: "Well, this time it's definitely the bottom."

But it's just the beginning of the next wave down.

Why is that?

Because a bear market is when the market cannot find demand.

During the growth, there was too much of it — it burned out.

Now it needs to be cheap for demand to emerge again.

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Altcoins are falling now not because everything is bad.

But because they were too expensive before.

Now there is a return to fair pricing.

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Remember:

— Growth restrains growth.

— Decline generates interest.

— If you want to survive, accept the pain. Don't wait for the bottom; be above it.