Topic: Before and after bull run. - page 2. (Read 474 times)

I think you should educate them about bitcoin investment. Tell them not to expect much because the sector is unpredictable. Let them know that they need to have a plan. They shouldn't also be too greedy waiting to cash out big. It is not bad to expect much but it shouldn't be too much. The bull run is not the end of the journey so they need to have after bull run plans.

This is a sign of immaturity. There is a need for moderation in anything you do. It is irresponsible to get drunk and drive because you made a lot of money from the bull run. It is even insecure to let people know that you made money from an investment. You can attract criminals if you expose or show that you have made some good money. It is better to be a secret millionaire.

   

When I read news about things like this I get disappointed because our advices isn't getting across to this people, we shouldn't be investing more than we can afford losing into the market. I don't understand why people don't get it that the market is a volatile one and an unregulated market so anything can happen at any time and as smart investors we should be ready for whatever happens. We should have backup plans for when things don't get as we planned because that's something that's associated with the market. If you know you can't hold through all the bear market then sell your coins after the bull market has reached its peak potential and the market is declining. If you invest only your spare money as it's advice or money that won't be needed for a very long time, you won't be affected by this also if you Invest in Bitcoin and not chasing those overhyped altcoins you won't be bothered when the market is crashing because you'll be guaranteed of an increase when the market recovers form your Bitcoin stash.


This is a good advice as we should be our brothers keeper but we should also take care of ourselves and not wait on others to check up on us. Investing with the right guideline will help us avoid getting ourselves in situations like this. Don't put all your hopes on the market, diversify your portfolio and this isn't about investing in altcoins but check out other investment opportunities so when the crypto market is experiencing some bearish period you don't get devastated because you had all your investment in cryptocurrency. After the bear market, there'll be a bull market and vice versa so you shouldn't be that depressed because the market isn't going as you wanted.

It's very important to understand a business or a concept before buying into the idea or venturing into such business as the proper knowledge of the business helps and keeps you profitable in the business, you know when to exit and when to stay and how to manage risk attached with it as almost every business comes with its own risk which should be studied.

Investing in knowledge before the bull run is of great essence as this will help you stay profitable throughout the bull run and will as well get you to understand when to leave just before the bear sets in. If one has got enough knowledge about the market there may not be necessarily need to check on the person for reasons of been in the market the bear set in upon them, but as it has to do with what they engage in with the profit gotten from the market, I think we have little to no control but then just check up on them.

Just buying bitcoins does not end the responsibility. It is more difficult to protect freedom than to gain it. After buying bitcoins, you should know how to protect the bitcoins and how to store them and when is the right time to sell. That is why those investors need to acquire knowledge. And this forum will be a good support for gaining knowledge but if one can learn from other way then its up to him. He must acquire proper knowledge otherwise he may act uncontrollably without understanding the market which should never be done as an investor. In the past there have been many instances where investors have lost many lives due to not acquiring proper knowledge. So prioritizing knowledge should be prioritized before investing.

Exactly. Some people see as an opportunity to make easy money which is not. And thats why they fall into traps as you have said.

Some people see the crypto space as a place where easy money can easily be made, some of them end up investing all their life savings, some will sell their properties, and some will end up taking out loans and investing in shitcoins. If they lose the money and are unable to pay back the loan, and they have no other option, some might end up committing suicide, which is very wrong. If you are finding quick funds, then crypto space is not for you. If you are looking for quick money in the crypto space, then you might end up losing big. If you are planning to invest, it's better to invest in bitcoin, and you can't make a huge amount of money from bitcoin within a short period of time. A bitcoin investment should be a long-term investment if you are expecting huge profits from bitcoin.

Anyone who is into crypto should at least have an idea of what he or she is into. The time to hodl and time to sell at profit. Anyone selling at a profit should have a target price he or she will sell to a profit.

As the bull run is coming, the majority of crypto investors have taken into account the price they are going to sell their bitcoin investment at a high price and many are looking forward to that in 2024 or 2025. Anybody that misses that opportunity by then will have himself or herself to be blamed. 

This is good advice but when those things happened, you would not be awared and so the best way to avoid such incident is to encourage them and orient them the advantages and the disadvantages of bitcoin and everything involved in the bear and the bull markets so that when it occurs, they will not shake or panic again. Lack of information also cause this things to happen.

If someone has like 3 BTC and sell it in the bull market and in the bear market he invest 2% of the profit again against the next bull again and that is how to do invest so that you will not collapsed after the bull market.

When I lost money to bitcoin, I will not worry about that because I know that a time will come that it will survive, it will get a new life and will grow again, this is what some people caught up by bull run excitement don't understand. Check their wallets and the tokens that broke them, they don't have a single sats on their wallet, it's altcoins and meme coins because they want to make the type of money their long time friend that had been here want to make and in the process, they buy at all time high and crash. This is why they need to have knowledge before investing, buying the right coin will give them hope, I don't know if altcoins gives hope because they keep falling in every 30 days candle.

The question is how did these people come to invest in cryptocurrencies in the first place? If you are the person who pushed them in that direction then it makes sense that you take care of them and their investments because you are somehow responsible for them. Otherwise, I will certainly not interfere in someone's financial decisions, because in the past it cost me not only nerves but also money.


This is true, at least for those who value life more than money and material things, but there are always those who do stupid things in life and behave frivolously. It is very difficult to help such people, because they do not learn from their mistakes and, moreover, they do not want to listen to well-intentioned advice.


Aren't people drinking too much and driving recklessly whether we are in a bear market or a bull market? I see such people almost every day of the year and they don't need any reason to do something stupid in their life.

I have heard about many things that happened as a result of this two incidence. I have this friend of mine whose elder brother had Bitcoin and it was bull run then and the price of Bitcoin keeps increasing and according to my friend, his elder brother was advised to split his Bitcoin into different wallets for his safety but he refused as a result of the fact that he wants to be seeing his investment grow in one wallet coupled with the assets value he paid deaf ears to the advise. A week later, he got hacked and all his Bitcoin was stolen. It was like a dream to him that he lost his Bitcoin assets and  a night mare to him that his hard-earned resource was stolen just like that.

Ever since that experience my friend told me his brother has not been storing his assets in a particular wallet but in different wallets for his safety if eventually one is hacked the others would be safe.

OP, this topic made me remember this incidence because that period when it happened to be frank it was a very tough and rough time for him as they were constantly checking on him to know his state of mind so as not to do otherwise.
If you have a friend and a brother into Bitcoin do well to always check on them and advise them if you can. Play your role as it matters and watch how they respond to your opinion or advise.

You make a fair point. I can relate, since I also couldn't invest in Bitcoin at one time and  i decided to learn more about it first and waited for the right moment. Rushing into things the wrong way never works out well. Choosing the wrong path causes problems later on, that's for sure.  It's important to think about how our actions might affect the future.

It's not a must to invest in crypto currencies, if you can commit crime because of bear market you are someone who can do anything for money and that makes you a cheap idiot, this is not an excuse, it's not a must to invest, if you can't do it now, the time will come in future, there was a time where I can't invest any money in Bitcoin, I gently walk away and do more readings on Bitcoin for the time being, only losers force things the wrong way, people like this can hurt the innocent for their own survival.

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The funny thing is going bad won't solve anything, imagine stealing to invest and karma strikes you later, there is consequences to all actions, you are a criminal by mind and blood if you use the bear market as an excuse to do the wrong things to acquire money or to survive.

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Before the bear market arrives, there is a lot of time to get prepared, most people that engage in bad activities for survival are the ones that don't want to take the hard roads, they want the easy ways, instead of them getting a job and save up some money they won't, they have 1000 problems and they are good at complaining. If you go bad because of crypto it's your fault and that's because you are already a evil person before bear market strikes, this is not the first time recession will hit the World and people survived.

that's why more of us want to maintain our privacy with Bitcoin ownership from anyone around us. including with neighbors and relatives.
but still I don't expect anything bad to happen to my investment assets. it might be frustrating but I will try to restrain myself.
I don't know what makes people so frustrated and leads to silly actions because of losses from investments made. maybe because the money used is not his own money, or the result of borrowing. if it was my own money, I don't think there would be a problem.

Before Bull Run, Bitcoin investors didn't have much money. After Bull Run, Bitcoin investors a lot of money. Good humor.

A person's attitude in life is not good if it depends on financial conditions. When rich or a lot of money, attitudes and appearances remain as usual when there isn't much money so that our situation cannot be measured. Attitudes that always prioritize simplicity will be easily accepted by anyone from different ages, experiences and financial levels.

Everyone will help if we fall with their abilities if the attitude we practice in the environment is simply without arrogant when a lot of money.

This crime committed will not happen if they are just been careful dealing with their investment especially with their expectation towards what will happen to that particular event. If they just know on when to take their money out while they are in profit for sure doing such nasty crimes will be out on their minds. But since you or we are there for them then its best to guide them up about the situation that might possible to happen on bull run and the after events so that they will not fall on thinking that it may always go up and it will not fall since to many people got caught up with that and lose a huge stash on their balance.

We really need to keep in touch with them so that we can properly guide on their possible decision making so their experience on bull run season will be more good than any other people still speculating.

 You raised a valid point here but they should have known before investing in cryptocurrency that it's a venture that is riddled with risks and if they aren't strong to bear the resulting effects of either a bear season or a crash, it's best they don't get involved, right?
Life has ups and downs and don't get me wrong but don't you think it's quite cowardly to have suicidal thoughts when things don't go your way? I feel it's the challenges that don't kill you that makes you stronger.

 The way I regard Bitcoin investment is like a gambler staking a game that has a 50/50 odd of either winning or losing. Which means, the price of Bitcoin could be favorable or not.

To commit such acts just because of a problem in the market, it's kind of weird for that to happen and I don't think that it's a likely thing to happen. I think that it's not your responsibility to check on your relatives especially if you didn't have any part in them getting into crypto, maybe a little concern would be enough but checking up on them isn't or shouldn't be your responsibility. Although my first advice would be neglected if the case was that you pestered them into getting into crypto, they're definitely your responsibility otherwise you don't have to be as involved.

OP, I will suggest that if we have any of our loved ones that are into bitcoin investment, we should bring them into the forum so that they can learn on their own here and have the knowledge about the bull and the bear market, and also when to sell and when to hodli.

It isn't compulsory that everyone must sell their bitcoin during the next bull market because some investors will prefer to continue with hodling and accumulating because they have not yet reach their bitcoin target.

What if your love one who is into bitcoin is very far from you and you tried to get in touch but it didn't go through, this means that they might still become victim and that is why I said that the forum is where you should introduce them to, so that they can learn and understand bitcoin price movement and how to control their emotions.

Theres a lot of news before regarding suicides when the luna crash had happened in the past and it really did broke a lot of people who have invested much in that project. Can relate cause I myself got hit with the ust downfall and all I can get is the airdrop they allot for those who suffered. Well really learn my lessons with that incident that you cant fully trust even its a top ranking blue chips plus followed yp by ftm crasg which really makes people very scared.