About bear season - page 2. | Bitcointalksearch.org

NeuroticFish

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Quote from: stompix on March 09, 2022, 09:58:50 AM

Why 2019??
The drop happened in 2018 at the end of the year and the difficulty did go down:

OK, 2018 too, you're right.
I said 2019 because I think that then it was the bottom and somehow I tend to believe that bottom is more likely for capitulation. But 2018 is also good.

The diff may have been going down, but I didn't see the drama I remember in 2015/2016 crypto winter, when miners did complain on the forum.

stompix

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Blackjack.fun

Quote from: WellRozey on March 09, 2022, 09:05:16 AM

how do you guys survive in bear market?

The same as poeple survived before crypto and the same as poeple survive without bitcoin right now?
The moment you tie your life to crypto in such a way a bear market can actually get you to the point of asking about "survival" then you're obviously way too dependent on a source of income that might evaporate tomorrow.

Quote from: Daodex on March 09, 2022, 09:15:14 AM

1. Buy coins at discount price and make much more money few years later.

Yeah, the usual cheap coins slogan that is getting tiresome old.
If you're in deep trouble because of the bear market as your revenues go down how do you magically produce the money needed to buy those cheap coins? If you have money set aside for those purchases then it's clear you don't depend on crypto for living a regular life so the bear market wound;t have any effect in the first place.

Quote from: NeuroticFish on March 09, 2022, 09:18:48 AM

Miners... few of those who were using overly expensive electricity may switch off, which means lower difficulty hence cheaper coins for the rest. The network is fine. And while in 2015 or 2016 I've heard about miners switching off, I didn't hear the same in 2019, but I may have been missing that though.

Why 2019??
The drop happened in 2018 at the end of the year and the difficulty did go down:

Quote

548,352   2018-11-01 22:54:16   7,184,404,942,701 - 7.18 T   + 0.02 %   51.37 EH/s
550,368   2018-11-17 01:51:24   6,653,303,141,405 - 6.65 T   - 7.39 %   47.61 EH/s
552,384   2018-12-03 13:59:28   5,646,403,851,534 - 5.65 T   - 15.13 %   40.40 EH/s
554,400   2018-12-19 01:32:45   5,106,422,924,659 - 5.11 T   - 9.56 %   36.55 EH/s

Lucius

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Quote from: WellRozey on March 09, 2022, 09:05:16 AM

I heard that bear market is the most scary part about crypto now I want to ask a question, how do you guys survive in bear market? Many abandon crypto in such season, miners sell their equipments too..

On the contrary, it is a time when smart people invest as opposed to those who do it in the bull run. In addition, not all people make a living just from trading Bitcoin, for most it is just an additional source of income in addition to their regular job. Ignorance, complete misunderstanding, and eternal misconceptions are factors that make most people only small fish, which means that sooner or later they will be swallowed by some big fish.

My advice, leave the bears to hibernate, and you drink one beer and start thinking positively Wink

DevFile90

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Every holders journey always look easy at first but as bear market stays longer they start to lose patience, you want to be well prepared for bear market? Make sure you have other jobs that's enough to handle your spendings in such bad season and only invest what you can afford to lose, you will be a successful holder in the end.

tranthidung

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Quote from: PrivacyG on March 09, 2022, 09:21:46 AM

Dollar Cost Averaging. When I run out of cash, I just hold on, sit back and wait for better times. Panicking or day trading always ended bad for me.

When you run out of cash, where is source for you to spend your expenses? You will have to sell your Bitcoin or cryptocurrency to spend. If you have to sell them in bear market, you will sell in loses. It means when you sell $100 in bear market, its value would be $200, $500 or $1,000 in bull market when you originally invested in them.

I had to do this in 2018 and 2019 as well so my advice for new comers is

Don't use all your money to invest in crypto
Have a reserve for your expenses. No matter you like fiat or not, you have to reserve either fiats or stable coins in order to spend in case of bear market

Bitbtc8

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Things started going well for me when I stopped FOMO addiction in me, now I have few set of rules when buying and selling crypto like..

1. Always create your crypto portfolio in bear market with the exact amount you are ready to throw away for longer time till market start turning green again.

2. Never hesitate to take profits when your coins are look good in your wallet, take profit and wait for stronger dips.

HODL isn't that easy but it's possible if you use that money you aren't going to use on the long run, also HODL is easier if you have other source of incomes.

PrivacyG

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Dollar Cost Averaging. When I run out of cash, I just hold on, sit back and wait for better times. Panicking or day trading always ended bad for me.

I have seen them abandoning as you say every single bearish run. Funny how when the bull comes back, they also return with regrets for not purchasing cheaper when they had the opportunity. Then the market goes bearish, and they run away again. At the end of the day, it is about whether you set real goals or not. Most will say they would never sell Bitcoin even under $10,000 and they lie to themselves. Set real goals, stop lying to yourself. If you trusted Bitcoin so much you invested a thousand in it, why would a bear market suddenly change your mind?

-
Regards,
PrivacyG

NeuroticFish

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Quote from: WellRozey on March 09, 2022, 09:05:16 AM

I heard that bear market is the most scary part about crypto now I want to ask a question, how do you guys survive in bear market? Many abandon crypto in such season, miners sell their equipments too..

Those hit by FOMO and bought at or near the ATH will suffer the most. Some will sell at a loss, some will hold (hence not losing because 1 BTC = 1 BTC).
Some will buy: bear market means cheaper coins for those thinking long term.

Miners... few of those who were using overly expensive electricity may switch off, which means lower difficulty hence cheaper coins for the rest. The network is fine. And while in 2015 or 2016 I've heard about miners switching off, I didn't hear the same in 2019, but I may have been missing that though.

If you're news and/or all your eggs are in the crypto basket, bear market (and crypto winter too) sounds scary. If you think on long term... they may come and will surely go.

Daodex

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Newbies and inexperienced crypto investors are the ones that abandoned the market at such time, there is nothing more beautiful than bear market because that's when the millionaires place their betting cards, bear market has more advantages than bull market.

1. Buy coins at discount price and make much more money few years later.
2. Getting your hands on more ETH through mining due to low mining difficulty is easier.

Bear market is a planning time for the smart ones.

WellRozey

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I heard that bear market is the most scary part about crypto now I want to ask a question, how do you guys survive in bear market? Many abandon crypto in such season, miners sell their equipments too..

Topic: About bear season - page 2. (Read 255 times)