Holders keep their digital assets in the bear market and see an opportunity to purchase. Meanwhile, other traders looking for quick incomes expect the bull market to return.
The current bear market in digital assets such as bitcoin appears to be a purchasing opportunity for some investors. In contrast, others see it as a warning to stay away until it is over.
Three Mexican bitcoin traders shared their experiences and forecasts with El Ceo. One of them is Oscar Ortega, who, as he intends to gain quick profits with trading, preferred to temporarily move away from digital currencies due to the bear market.
His way of acting labels him as a short-term trader because he invests to achieve returns fast. Ortega likes to acquire digital assets when going through a bullish move to sell them in fast operations and make good incomes in zero time.
Ortega is a software engineer who works with blockchain tech. That made him interested in crypto trading in 2021. He went so far as to invest in bitcoin, Shiba, Solana, and Terra, which recently crashed and caused a disaster in the market space.
Although Ortega expressed that he lost half of his investments in Solana, he says that the rest of the digital assets he invest in brought him returns registered at 700% and 900%. However, he highlighted that when he started exploring the crypto space, prices were already at high peaks, so he traded for a short time and then stepped away from the market.
Ortega added that while he hasn’t been after trends, he considered getting back into the market now that low prices are leading the list. However, he thinks that people’s interests are at risk in the market and that the current values could keep crashing down, so he has decided to stay away until it recovers the appropriate balance.
Currently, he only owns stable coins since he does not want to face so many risks regarding investments. He hopes that he will invest again to make quick profits when the crypto winter is over.
Bitcoin Holders See the Current Market as a Purchasing Opportunity
While some traders looking for fast growth in their incomes, like Ortega, momentarily step away from the crypto space, the holders act differently. Precisely holding their investments unsold because they think the prices will reach a high price in the long run. Daniel Martínez and Mario Buendía’s case is something similar.
Unlike short-term traders, holders are those people who keep their currencies for a long time because they think there is an opportunity to earn a higher return by applying this method. Martínez, one holder, said that he acquired bitcoin at the end of 2016 and has since become a great digital asset enthusiast.
From his experience, he thinks it appropriate to use some digital assets as a long-term investment. In 2017, bitcoin went from being worth USD 1,000 to USD 10,000, while traded for less than that maximum in the following two years. For this reason, in 2019 he took the opportunity to acquire more BTC when the price crashed down below USD 3,000.
By: Jenson Nuñez
