About bear season | Bitcointalksearch.org

pawanjain

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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

I wouldn't call it scary but yeah it is definitely quite overwhelming because of the frequent dumps in the market.
Panic selling, bull traps, frequent crashes and the feeling of eternal dump is quite normal in a bear market.

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now I want to ask a question, how do you guys survive in bear market?

HODL

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Many abandon crypto in such season, miners sell their equipments too..

Only the newbies and panic sellers abandon crypto at these times while the old timers hold on to their coins.
Miners do sometimes sell their equipment because it becomes no longer profitable to mine the coins.
But I would say that selling the equipment is not a solution to this. Just waiting until it becomes profitable to mine again seems more beneficial to me.

MetaMii

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Quote from: boyptc on March 11, 2022, 01:00:42 PM

Quote from: CryptoATM on March 11, 2022, 02:30:17 AM

All money made in bear market must be diverted into BTC, this was the strategy I used in 2018-2020, I made some money through airdops and bounties then converted those tokens into BTC and BTC made it to 60,000$, bear market is accumulation period.

It's the better thing to do that others still don't see the importance of having bitcoin within their stash. They're all for altcoins and believes that it will make them avoid the stomp of the bear market if it comes.

Quote from: S3300 on March 10, 2022, 07:45:47 AM

1. Get a job secured.
2. Invest in crypto with little amount of money that you are ready to lose.
3. Avoid looking into your wallet time to time, hold and look away.
4. Top coins gives peace of mind than new altcoins.
5. BTC is the best to hold overall.

Great advises.

Those that have a job and secured with their salaries, they should just focus on DCA so that even the bear market comes. They'll have a great time to accumulate at cheaper prices.

Altcoins are separate swords worth using in the turbulent time, what I meant to say is using altcoins to get more BTC works faster that's why I have to keep investing in altcoins for BTC, the logic is taking my profits faster from altcoins and buy more BTC.

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Quote from: CryptoATM on March 11, 2022, 02:30:17 AM

All money made in bear market must be diverted into BTC, this was the strategy I used in 2018-2020, I made some money through airdops and bounties then converted those tokens into BTC and BTC made it to 60,000$, bear market is accumulation period.

Actually, Stable coin is the safest investment during bear season because we don’t know if the price is the bottom or not. Bitcoin will behave same with altcoins during that season and no one is exempted p. You should accumulate when there’s already a sign of reversal such as Doji, Double and Multiple bottom patter signal. This way you can guarantee that there’s already a defined trend in crypto which lower your risk to experience another bottom.

Since these signs you are talking about aren't showing up yet are you saying the market condition is still fairly good? I doubt that though there will be more small recoveries as time goes on but eventually bear market will take over, it's inevitable.

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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..

Well, bear market is not really that scary except to one who is completely dependent on making a living from it and doesn't have the expertise of trading. Those who are good at trading usually short it on futures and make a kill from it at a time when others are wailing. Those who are wise investors indulge DCA (Dollar Cost Averaging) to reduce loss effect by buying at every dip to average out. For those who are scared, I suggest they should do one of these two things during bear a season – Either convert all crypto assets to Bitcoin or Tether their assets in stable coin of their choice. Otherwise, people will continue to get messed up during a bear season.

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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

The belief of naive cryptocurrency investors is that the bear season is the scariest part of the crypto market but for experienced investors is always the season of new opportunities and a new beginning.
To be honest with you, I wish the market are downtrend more so I can put my idle stablecoins to work.

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

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..

The best way to survive the bear market is to invest for the long term, play along with the market cause you can never be smart than the market.

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Quote from: CryptoATM on March 11, 2022, 02:30:17 AM

All money made in bear market must be diverted into BTC, this was the strategy I used in 2018-2020, I made some money through airdops and bounties then converted those tokens into BTC and BTC made it to 60,000$, bear market is accumulation period.

It's the better thing to do that others still don't see the importance of having bitcoin within their stash. They're all for altcoins and believes that it will make them avoid the stomp of the bear market if it comes.

Quote from: S3300 on March 10, 2022, 07:45:47 AM

1. Get a job secured.
2. Invest in crypto with little amount of money that you are ready to lose.
3. Avoid looking into your wallet time to time, hold and look away.
4. Top coins gives peace of mind than new altcoins.
5. BTC is the best to hold overall.

Great advises.

Those that have a job and secured with their salaries, they should just focus on DCA so that even the bear market comes. They'll have a great time to accumulate at cheaper prices.

CryptoATM

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All money made in bear market must be diverted into BTC, this was the strategy I used in 2018-2020, I made some money through airdops and bounties then converted those tokens into BTC and BTC made it to 60,000$, bear market is accumulation period.

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Quote from: Lucius on March 10, 2022, 05:14:02 AM

While I generally agree that the risk with altcoins is far greater than with Bitcoin, as someone who collected them quite through faucets in the past, I can say that most are worth nothing today - although a few have survived and are worth far more today than 5-6 years ago. But these are just exceptions, a little treasure that one forgets and then appears when you least expect it.

I'd argue that altcoins haven't really gained any value at least for the past 4 years. The problem is that the prices are being checked against fiat not against bitcoin. In other words altcoins owe their price rise against fiat to bitcoin's price rise. Otherwise they have been dumping hard over the past 4 years ever since the 2017 altcoin pumping season ended.

For example they toot ethereum's horn every day but they never mention that it has lost half of its value in past couple of years. If some day bitcoin stopped rising (not even dropping) these coins would die because why would anyone mine a shit-PoW-coin that is losing value? In fact one of the reasons why they are switching to PoS is that they foresee more dumps in the future and want to keep their shitcoin alive while making money from their 72 million premine.

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

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.

I myself is a beginner in trading, I've watched the bitcoin from $7k going to $50k in just a span of almost 3 months. Also, I've watched some traders still earns a lot from the bear market using the Futures trading option that is visible in some exchanges. It's true that the bear market is the easiest way to buy the coins that you have researched on and trusted your money. But upon doing so, always remember to research the coin(s) first before liquidating your funds, to prevent regret and to prevent of wasting your funds to unnecessary projects and coins

S3300

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1. Get a job secured.
2. Invest in crypto with little amount of money that you are ready to lose.
3. Avoid looking into your wallet time to time, hold and look away.
4. Top coins gives peace of mind than new altcoins.
5. BTC is the best to hold overall.

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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..

The bear market is not something to be afraid of because it is precisely in the bear market that we have the opportunity to buy a lot of coins that have the opportunity to rise again. I don't know the miners who sell their equipment, but I advise you not to follow the people who try to buy the mining equipment. You can buy many good coins in this bear market and hold them until the bull market comes. But today's crypto market is still going down and up, so you have to prepare yourself not to panic.

Lucius

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Quote from: XUR_TIP on March 09, 2022, 02:03:59 PM

I'm laughing silently inside about new crypto members who thinks that holding coins is a piece of cake, as a matter of fact it's the hardest thing to do in crypto space, if you are rich it will be a lot easier but if you are struggling making some hundreds of dollars per month it will be hard .

In fact, it is very easy if a person has a strategy and knows what he wants, and it is very difficult if someone changes their mind every day because they believe everything they hear or read in the media. It all comes down to whether someone is thinking in the short or long term, realizing that Bitcoin is more than just making a profit and the ability to see the bigger picture.

Quote from: pooya87 on March 10, 2022, 01:30:19 AM

It is only scary if you are bag holding altcoins.

While I generally agree that the risk with altcoins is far greater than with Bitcoin, as someone who collected them quite through faucets in the past, I can say that most are worth nothing today - although a few have survived and are worth far more today than 5-6 years ago. But these are just exceptions, a little treasure that one forgets and then appears when you least expect it.

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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 don't think it's the scariest part in the market. What's scarier is when you've missed to buy during the dip and selling at the peak or at least close to the peak.

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

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..

Just do nothing and keep with the flow. It's normal to get into the bear market and just keep going with what you've planned. I'm not into mining so that's not a problem to me. If it's bear and you're good as holding, that's all you need to do and if you have more fund, invest and buy more bitcoin.

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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?

I keep accumulating Bitcoin. I don't care if it's bull market or bear market, rain or shine. I accumulate little by little to have more and more Bitcoin. It is the strategy known as DCA, although I do not follow pure DCA because from time to time I spend Bitcoin but in net terms at the end of the monty I usually have more Bitcoin than the previous month.

I like it better when we are in bull market, yes (and who doesn't?). It's more exciting to see when we beat ATHs. I also tend to spend a bit more if I see that we are at highs.

But the strategy boils down to the fact that in a month, a year, and 5 years I will have more Bitcoin than I do now.

Jawhead999

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Bear market isn't only on crypto, it's happen anywhere on any investment asset which mean it's already exist from a long time ago.

How do I survive? keep holding even though the market could be worse than yesterday, but it will not forever. I'm not kind of person who always check the price everyday, I usually check once 3 days or above so I'm not really worried.

pooya87

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It is only scary if you are bag holding altcoins. Otherwise those who have bought bitcoin never had anything to worry about for many reasons one is the fact that bitcoin price always goes up in long term and the other is that bitcoin is still useful as a decentralized censorship resistant currency even if its price drops. However, neither of these are true for altcoins. The altcoins have always gotten dumped over the long term (as you can see from 2018 dump that none of them ever recovered from) and they have no use cases in real world so when their price dumps there is no reason for them to exist anymore.

Issa56

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During the bear season most trader always give up and the always endup selling their coins at lost, most people believe bear market is scary but to me bear market always flush out unnecessary coins which are created from the market, there are lot's of coins now that are really useless bear market always flush out those coins because the won't be able to survive the bear market, only the strong coins always survive bear market. I believe only the newbies should be scared of bear market, bear market always give traders opportunity to accumulate more coins because it is alway cheat.

XUR_TIP

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I'm laughing silently inside about new crypto members who thinks that holding coins is a piece of cake, as a matter of fact it's the hardest thing to do in crypto space, if you are rich it will be a lot easier but if you are struggling making some hundreds of dollars per month it will be hard .

1. Responsibilities will call upon you.
2. Bear market will look like it's never going to end.
3. You need to stop watching your portfolio from time to time.

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Quote from: tranthidung on March 09, 2022, 09:34:26 AM

When you run out of cash, where is source for you to spend your expenses?

I do this all the time and never ran out of money for spending my expenses. I would have to be nuts to invest every single penny in Cryptocurrencies and not save for the other purposes. Part of my Fiat savings are particularly there for good investment opportunities, including but not limited to Cryptocurrencies.

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Quote from: stompix on March 09, 2022, 10:21:51 AM

Because the number of home miners is going down each day and by 2025 we're probably going to be an extinct species, a lot migrated to altcoins and GPU mining so BTC mining is less and less discussed here from the actual miner's point of view, not even counting the number of miners that are still actually on the forum.

Yes, that's indeed one of the reasons. Also I expect that in those years China based mining was using so cheap electricity nothing did matter on the large scale.
I kinda expect that - maybe in 2029 though - the miners who don't produce their own electricity will also get extinct, no matter how big they are.

Quote from: stompix on March 09, 2022, 10:21:51 AM

I'll give you an example, right now we dropped revenue per TH/s from 40 cents back last April and October to 15 cents, apart from a few guys in the mining forum who are debating gear prices and revenue drop and what the point of switching for some is everybody is cheering how hashrate is going up Wink

While bitcoin might still not be in a bear market, mining definitely is.

Yet some do sell.
I'd expect some of the miners simply hold instead of selling under a certain price (or better said under a certain profit).
Every cent the electricity is cheaper for some makes the life difficult for the rest of the miners. I guess that's not a fair fight.

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Quote from: NeuroticFish on March 09, 2022, 10:03:57 AM

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.

Because the number of home miners is going down each day and by 2025 we're probably going to be an extinct species, a lot migrated to altcoins and GPU mining so BTC mining is less and less discussed here from the actual miner's point of view, not even counting the number of miners that are still actually on the forum.
I'll give you an example, right now we dropped revenue per TH/s from 40 cents back last April and October to 15 cents, apart from a few guys in the mining forum who are debating gear prices and revenue drop and what the point of switching for some is everybody is cheering how hashrate is going up Wink

While bitcoin might still not be in a bear market, mining definitely is.

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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.

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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?

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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 (Read 244 times)