Did you live through the last bear market ? If so, what did you learn ? - page 3.

Shasha80

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Quote from: justdimin on May 20, 2022, 03:44:08 PM

Quote from: Ararbermas on May 19, 2022, 06:30:50 AM

Of course I've learnt alot from my previous mistakes, and now much better to observe the situation and never rush to buy because obviously the market still not fine and surely it will cause losses only if we accumulate on this early stage that there's no positive sign of bullish to take over soon. As always patience is a must on this kind of situation and we need to be smart prevent regrets, lesson learned!

There is no positive sign? Maybe we could look at how we are not doing that terribly and the situation at hand is good enough to not care about the drop anymore? I mean we are getting higher because we reached a bottom of 26 and even 30k is a big increase from that, it's over 10% increase if you look at it that day. Not many people do, but they should because that is a good increase overall.

You may not believe that to be the case and you may think that we are doing bad, but the reality is that we are still doing terribly bad. Hence, we should just focus on how it is looking better and not look at what happened, but look at what's happening.

Although the price of Bitcoin has fallen quite deeply this month, it doesn't mean that now the situation is very bad for accumulating Bitcoin.
Because for me as long as the price of Bitcoin is still above $20k it makes Bitcoin still look positive, let alone we see Bitcoin is still trying to recover
with several times trying to rise above the price of $ 30k. But unfortunately every time Bitcoin hits the $30k price it still drops back. We do have
to be patient when deciding to invest in Bitcoin, because the price is very difficult to predict and very volatile. But we do not hesitate to invest
in Bitcoin, by having faith in the future of Bitcoin, then it makes us have the courage to accumulate Bitcoin and I'm doing it right now. Moreover,
I have experienced a bear market before, so I am not surprised by the current bear market. Because I believe this Bitcoin price drop will end soon
and Bitcoin will recover again, so I have no doubts to accumulate Bitcoin.

Mahanton

hero member

Activity: 2688

Merit: 625

Quote from: livingfree on May 19, 2022, 04:02:50 PM

One realization.

Bitcoin is king.

That's the one that has been on my mind with the last bear market that I'm in. There's an appreciation with some top performing altcoins but they're all going to be on the back of bitcoin.

Your experience will teach you the lesson on what you must do as you enter the bear market. And then when it's done, you'll get the lesson that you should have held and didn't sell.

You would indeed experience it for yourself and realize on what are the things will really be happening on the market on a specific condition or situation.This isnt something that you could really able to control
yourself towards possible actions to be made like panic sell or something in correlated with impulsive reaction due to your emotions specially when you do see reds.
Once you had a good experience on this market then you are making yourself that aware on different conditions and situations of the market in terms of price
in between bitcoin and altcoins.

justdimin

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Activity: 2968

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www.Crypto.Games: Multiple coins, multiple games

Quote from: Ararbermas on May 19, 2022, 06:30:50 AM

Of course I've learnt alot from my previous mistakes, and now much better to observe the situation and never rush to buy because obviously the market still not fine and surely it will cause losses only if we accumulate on this early stage that there's no positive sign of bullish to take over soon. As always patience is a must on this kind of situation and we need to be smart prevent regrets, lesson learned!

There is no positive sign? Maybe we could look at how we are not doing that terribly and the situation at hand is good enough to not care about the drop anymore? I mean we are getting higher because we reached a bottom of 26 and even 30k is a big increase from that, it's over 10% increase if you look at it that day. Not many people do, but they should because that is a good increase overall.

You may not believe that to be the case and you may think that we are doing bad, but the reality is that we are still doing terribly bad. Hence, we should just focus on how it is looking better and not look at what happened, but look at what's happening.

sklopan

jr. member

Activity: 98

Merit: 2

It is a pity, of course, that I learned this rather late, but I learned it nonetheless. Believe or at least just analyze the forecasts. Remember that this is very important.

Silberman

legendary

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Merit: 1332

Quote from: livingfree on May 19, 2022, 04:02:50 PM

One realization.

Bitcoin is king.

That's the one that has been on my mind with the last bear market that I'm in. There's an appreciation with some top performing altcoins but they're all going to be on the back of bitcoin.

Your experience will teach you the lesson on what you must do as you enter the bear market. And then when it's done, you'll get the lesson that you should have held and didn't sell.

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.

Taskford

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Quote from: lixer on May 20, 2022, 06:26:33 AM

Quote from: Kasabus on May 17, 2022, 06:38:48 PM

The last bear market was hard actually, that you are not profiting and just sitting back while waiting for the market to recover. This made me realized that the market will always go through its own cycles no matter what so we better lived for it. And keep the patience during bear days because its the only way you will never come into losses. And as much as possible, take time to sell your coins while their prices are at peaks, becaus when the bear season comes, you will only be buying and hodling all the time, and there are no profits coming in.

There are a lot of people who have this problem, whenever the market would be at its peak and increase, they wouldn’t sell their coins to take profits, or at least sell some of their coins to make some profits, they would keep holding it out of greed and expecting the market to keep going up and even believing in ridiculous predictions that are being made by people who are not even experts, and at the end they wouldn’t be able to take a profit at all before the market starts going down again. People need to understand that our need for investing is because we want to make profit.

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.

ethereumhunter

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Activity: 2856

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Leading Crypto Sports Betting & Casino Platform

I experienced a bear trend in 2018-2019 and in previous years so I don't panic too much because I know that the price can be at any low level. What I do during a bear trend is just wait and do nothing but just watch the price movement. And sure enough, after that bear trend, the price gradually recovered and some altcoins started to increase and get new ATH and bitcoin prices were followed up as well.

So if this year is another bear trend year, I will do nothing and it will be the same as the following years. My advice, if you still don't know when to accumulate bitcoins or altcoins, don't force yourself to enter the market. We recommend that you keep waiting while continuing to analyze price movements and trends so that you can see opportunities to enter the market.

lixer

hero member

Activity: 2492

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Quote from: Kasabus on May 17, 2022, 06:38:48 PM

The last bear market was hard actually, that you are not profiting and just sitting back while waiting for the market to recover. This made me realized that the market will always go through its own cycles no matter what so we better lived for it. And keep the patience during bear days because its the only way you will never come into losses. And as much as possible, take time to sell your coins while their prices are at peaks, becaus when the bear season comes, you will only be buying and hodling all the time, and there are no profits coming in.

There are a lot of people who have this problem, whenever the market would be at its peak and increase, they wouldn’t sell their coins to take profits, or at least sell some of their coins to make some profits, they would keep holding it out of greed and expecting the market to keep going up and even believing in ridiculous predictions that are being made by people who are not even experts, and at the end they wouldn’t be able to take a profit at all before the market starts going down again. People need to understand that our need for investing is because we want to make profit.

skarais

legendary

Activity: 2464

Merit: 2094

There are many lessons we can learn from a bear market if we are to make a profit. Bitcoin is one of the most profitable assets to own and accumulate during the current bear market if we take advantage of market volatility. Long-term profit opportunities for this asset will be very possible although we do not get any guarantees about the future.

Buy now or later it doesn't matter, but always consider the risk and financial capability that we can agree to lose. It is important to remember that it is not only possible for us to make profits but we are also still likely to incur unexpected losses.

m_nief

sr. member

Activity: 546

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Moonbet.io

Quote from: livingfree on May 19, 2022, 04:02:50 PM

One realization.

Bitcoin is king.

That's the one that has been on my mind with the last bear market that I'm in. There's an appreciation with some top performing altcoins but they're all going to be on the back of bitcoin.

Your experience will teach you the lesson on what you must do as you enter the bear market. And then when it's done, you'll get the lesson that you should have held and didn't sell.

Bitcoin is the king and all altcoin way depending with bitcoin price, never hope with altcoin can push to higher price is the king as bitcoin still drop with lower price. My mind bitcoin make market bear or bull and altcoin allow with bitcoin values, depending when whales make many bitcoin transaction amount impact for bitcoin can drop and pump drastically, but really miss and hope when bitcoin can back higher price and check altcoin get higher price, very sad waiting more than one year still stuck on altcoin after bitcoin can't break out higher price.

slaman29

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Livecasino, 20% cashback, no fuss payouts.

Quote from: carlfebz2 on May 19, 2022, 11:01:13 AM

Quote from: slaman29 on May 19, 2022, 08:01:46 AM

I don't consider anything in the past year since ATH even half as bad as that. If you multiply the ETH ATH from then to now, this is equal to seeing ETH back at $240. We're nowhere near that yet.

Cant really be avoided that people would really be having that kind of impression on going back into those basic or traditional market price that we do have in the past even though its really that comparable

For newbies I get it but more and more people active in the forum will have been here for over a year. Post history, account age, that means they've lived through at least one bear market. If they call themselves traders and yet can ignore the numbers and charts staring right back at them for years, then I guess they should really be looking for another profession (I'm kidding, they should be looking anyway to do a real job that doesn't pretend they're not gambling).

onecall123

sr. member

Activity: 2044

Merit: 323

People will always experience the most pain from the direction of movement in the financial markets. You can sit on the sidelines and watch it grow exponentially, but when you buy it, it crashes, if you hold it, it flatlines, and when you sell it, it rallies. So far, this is my journey's learning.

Investing isn't everything. What matters is to be patient. While I have lost a lot of money during the journey, I also earned enough money so I have no complaints.

lienfaye

hero member

Activity: 2912

Merit: 629

For years that im investing in crypto I experienced the roller coaster ride of the market and its not easy to go through it if you're not prepared for what you might experience.

I learned to be more patient, not to panic and also learn on how to set aside my emotion when it comes to my investment because it cant help to make a good decision.

Investing is profitable if you know what you're doing and aware of the risk.

LouVandetta

sr. member

Activity: 602

Merit: 253

I was there when it was bear market few years back. And it was actually hell. I've seen lots of reds, and not just any red. It's almost like a disaster if you're a trader and you hold those alts. I've learned so much from that. To no panic when bear market happens, just be as cool as possible. Grasp the situation, and make a fair decision whether to hodl or just let go of your bags and maybe entry again when the market recovers. The thing is, when the market goes down it goes up, eventually. But we need to know the best time to enter the market.

livingfree

hero member

Activity: 2772

Merit: 576

One realization.

Bitcoin is king.

That's the one that has been on my mind with the last bear market that I'm in. There's an appreciation with some top performing altcoins but they're all going to be on the back of bitcoin.

Your experience will teach you the lesson on what you must do as you enter the bear market. And then when it's done, you'll get the lesson that you should have held and didn't sell.

teosanru

hero member

Activity: 2100

Merit: 618

One very basic thing I learnt in the bear market is never sell your holdings in bear market in anticipation that you'll buy Lower, truth is nobody knows when the bear market will be overturned into bull market and everyone at that reversal will be anticipating price to fall even further. So only best Way is to hold onto your coins and wait for the next bull run don't see your portfolio. But yes if you need money desperately because you have to spend it somewhere then obviously this is an exception. But yes this learning is very important.

Trebz28

full member

Activity: 210

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WAGMI

Yeah, I did, and that is a really tough moment in my judgment, as well as for many crypto enthusiasts who are experiencing their first market correction. The piece of advice:

2. Only trade with money that is not required for everyday living expenses.
3. Trading for a living is not an option for me; I need to supplement my income.
4. Investing is more profitable than trading.

carlfebz2

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Activity: 2926

Merit: 722

Quote from: slaman29 on May 19, 2022, 08:01:46 AM

I most certainly absolutely did live through a bear market and it was pretty crazy. Ethereum was $1400, and then it went to $80, and several times failed to break $100 level.

I don't consider anything in the past year since ATH even half as bad as that. If you multiply the ETH ATH from then to now, this is equal to seeing ETH back at $240. We're nowhere near that yet.

Cant really be avoided that people would really be having that kind of impression on going back into those basic or traditional market price that we do have in the past even though its really that comparable

but all the possibilities are there since we've seen crashes lots of times but instead on freaking out then it would be good if you do really mind off on readying up yourself on times like this

where you do get in where everyones is on fear or hesitance on the bear market.Its hard to sustain if you do really make yourself that panic.

Mpamaegbu

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Once a man, twice a child!

Quote from: Len Saldua on May 17, 2022, 07:26:08 AM

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 better to tether your profits now if you're still in green. Bear season isn't that palatable a thing to witness. It has wrecked a whole lot of people who kept thinking price would revert and they became profitable again. Sadly, price levels don't seem to hold during bear season. Everything keeps crashing.

Quote from: arwin100 on May 17, 2022, 08:14:18 AM

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.

It's true that price takes a beating after halving but that's a year after. I also learnt that a year to halving price picks. So, I will say from experience that one year before halving and one year after it are better times for Bitcoin. Anything else, is a trade risk.

slaman29

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I most certainly absolutely did live through a bear market and it was pretty crazy. Ethereum was $1400, and then it went to $80, and several times failed to break $100 level.

I don't consider anything in the past year since ATH even half as bad as that. If you multiply the ETH ATH from then to now, this is equal to seeing ETH back at $240. We're nowhere near that yet.

Topic: Did you live through the last bear market ? If so, what did you learn ? - page 3. (Read 539 times)