Topic: Did you live through the last bear market ? If so, what did you learn ? - page 2. (Read 595 times)

We have a lot to learn and we are learning but it is very difficult to learn or manage anything without prior experience in Bitcoin or Cryptocurrency. But when you talk about Bitcoin so many people avoid the topic, but if you want to gain experience or learn something new from the real market, you have to accept both profit and loss.
If you look at the behavior of the market over the last few years and look at the current market then you can clearly understand everything. You may get answers to many questions from there.

I started with crypto currencies in 2016. Back then cryptos where mostly a tool for me to quickly buy and sell CSGO skins. There were no verifications needed and it was so much faster than waiting for bank transfers, especially when dealing with international websites. It was also the first time I gambled at online casinos with crypto casinos. Unfortunately I converted all my bitcoins from back then to fiat money as soon as the first signs of a bear market appeared. I didn't look at crypto coins as long term investments what was one of my biggest mistakes. After a long break I only came back during the last big bull run. So my biggest recommendation for anybody is to not lose hope during bear phases. The crypto markets move in cycles and will eventually recover. Being part of panic selling right now is a bad decision, I will not make the same mistake twice.

What we can expect? My prediction is simple, the market has to hit dip points and whenever everyone thinks it is not going to recover, it is the perfect time to invest. For BTC, hitting the $20k target first and then going back to $15k will be a dead zone for future margin traders and smart traders will long the top cryptocurrency at these levels. It is not late to go for it but chasing losses and adding more margin is not a way to trade, generally. Altcoins also will follow the price movement of BTC and the alt marketcap will go up along with lower BTC dominance, IMHO.

I learn from these:
1. Nothing is gonna be rising up, there will be always certain time to crash and rop market. And this is of course experienced by the all people in crypto world

2. Never panic with crash market cauze this will only break our mental and spiritual 

3. Always set the target of taking profits, because being too greedy is not wise

The thing i learned from the last bear market is that to never resort into panicking and sell at loss. Even if the market falls deeply, it won't stay in it forever, and after a couple of months things will eventually start to become stable again. So stay patient while accumulating more bitcoin and established altcoins during bear season. And for that to make it happen, maximizing your purchasing power, we should at least secure profits when the market was still having a bull run.

The thing i learned from the last bear market is that to never resort into panicking and sell at loss. Even if the market falls deeply, it won't stay in it forever, and after a couple of months things will eventually start to become stable again. So stay patient while accumulating more bitcoin and established altcoins during bear season. And for that to make it happen, maximizing your purchasing power, we should at least secure profits when the market was still having a bull run.

I was around last bear market season and its really devastating especially I lost a huge amount of money for thinking that price will recover after the dump. The only thing I do know which I learn from the past mistake is never to hold any crypto when halving is already done, sell and secure your profit since mostly after halving the price dump just like what we see nowadays.

The bear market has really taught me a big lesson in the Crypto market. I lose almost half of my wealth in Crypto, perhaps I have learnt my lessons and have restrategize my steps in the space. Lengthy experience is the best teacher in the space and patience.  The last bear period lasted for a long period, it affects Terra Luna which trends in the market. My capital drains below my very own eyes, that alone taught me not to rush into buying a coin.

So lets go back to 2018 - 2019

Market cycles are full of patterns so I think it's time to sit back, compare and try to come up with a good strategy for the next 2 years.

Assuming we are in a bear market, what can we expect ? Let me first just say that this is my first bear market, so I feel a little unprepared as I lost a huge amount of money ( I'm still in the green fortunately )
It's tempting to start "accumulating", however, Bitcoin is expected to hit a bottom of 11K by some credible experts, so buy now and cry later kind of thing.
I see some Alt coins going past the negative 90 % mark, with some like Star Atlas ( one of the biggest play to earn games in crypto ) approaching the negative 99 % mark. Many other projects find themselves in a similar predicament, but I just noticed UMA, Injective Protocol and Super Rare pumping hard today and yesterday so not everything is in the red. Can we expect some sort of a trend here ? Are some coins bound to do well even during a bear market ? From what I've heard, early ( 2018 - 2019 ) investors in Theta, Chainlink and Ethereum made huge gains even before the bull run started late 2020. Chainlink especially went parabolic, but then crashed mid year. Early 2019 AAVE investors also did extremely well, 5000 % gains from what I hear. All this during the bear market. Gains that were comparable or even better to the bull run. So am I reading it wrong ? Let me know.

The urge for wanting to earn more is what the main problem there and I'm sure all of us came to that point that's why last bear market season is really a good lesson to learn because for sure many people who experience that time lost a lot of money because the drop is unexpected and many think that price recovery will happen after that because there's a bull run happen for the past few months.

Another good lesson is to not try to be too smart and just make simple moves during a bear market, people see the market going down and they think of investing in all kind of altcoins to try to earn money even during that difficult time and then they lose it all, it is best to invest in bitcoin or to remain at the sidelines and wait for the crypto winter to fade away than to invest in new altcoins, holding or waiting are both boring and easy moves and yet they are incredibly effective under the right circumstances.