Topic: Did you live through the last bear market ? If so, what did you learn ? - page 4. (Read 539 times)
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!
May 19, 2022, 04:24:22 AM
Yes I did, and that's very tought time in my opinion and definitely also for many crypto lovers who are experiencing a bear market for the first time. The lesson:
1. The market will always change so don't think the price of the coin will always go up
2. Only trade with money that is not for daily needs
3. Trading to make a living for me is impossible, there must be other income besides trading
4. Investing is more profitable than trading
1. The market will always change so don't think the price of the coin will always go up
2. Only trade with money that is not for daily needs
3. Trading to make a living for me is impossible, there must be other income besides trading
4. Investing is more profitable than trading
May 19, 2022, 03:14:50 AM
The gain happens as a result of market crash only. Because we always keep discussing about the bear market and how everyone is selloff off their assets. However, there are really two things that are happening during the bearish market - One is group of peeps who are selling out fear, while second is group of peeps who are grabbing the opportunity to buy more as the others keep selling. Turn out to be these are either institutional gainers and individual millionaires whose playing that role.
Its better to follow them so as we can have ample profits when market resets itself. Honestly, these big players play huge role in making market bullish again. Then again that other group starts following them like sheeps! So market jumps to higher sides quickly!
Its better to follow them so as we can have ample profits when market resets itself. Honestly, these big players play huge role in making market bullish again. Then again that other group starts following them like sheeps! So market jumps to higher sides quickly!
May 19, 2022, 12:55:20 AM
>95% tokens die, those projects who keep building in bears are the ones who give huge returns when bulls arrive. Keep fiat so you can live off it while bears last and potentially take advantage in meltdowns.
Exactly! Besides fiat, if they choose to stay in crypto, there are lot of cryptocurrencies that are stable, alternative of fiat is stablecoins and you can use that stablecoins to stake or deposit somewhere and earn interest.Another lesson I learned before is always looking at the other side, don't hope it will always go up only. Not all cheap are worth buying.
And avoid altcoins that got the low market, because you cannot guarantee a huge ROI. For me, I rather hold Bitcoin and Ethereum even I will get few ROI in the future as long as I am safe.
May 18, 2022, 11:06:32 PM
>95% tokens die, those projects who keep building in bears are the ones who give huge returns when bulls arrive. Keep fiat so you can live off it while bears last and potentially take advantage in meltdowns.
May 18, 2022, 07:59:28 PM
~snip~
The last bear market may brought a lot of opportunities to earn but for some, its also a source of their losses. And what i learned from that is never take chances from buying those unestablished coins and projects that have not yet proven their real utility cases. Stick to bitcoin and old altcoins. Otherwise, you will struggle when bear season comes as shitcoins will easily lose their value and worst is some may not even recover their value anymore. May 18, 2022, 07:09:39 PM
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 last bear market may brought a lot of opportunities to earn but for some, its also a source of their losses. And what i learned from that is never take chances from buying those unestablished coins and projects that have not yet proven their real utility cases. Stick to bitcoin and old altcoins. Otherwise, you will struggle when bear season comes as shitcoins will easily lose their value and worst is some may not even recover their value anymore. 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.
May 18, 2022, 07:06:05 PM
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.
Yes, it seems like coming to the cycle and approaching the exact bearish era. 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.
But, the price of Bitcoin and altcoins will continue decreasing likely in the cycle, still don't know what the BTC price will continue decreasing at what rate. There is some certain predictions about the price of BTC itself.
Well, just want to see the progress.
Did you live through the last bear market ? If so, what did you learn ?
The main lesson is it's nothing to panic.The bearish market will be coming likely from the previously bearish market. In the last bearish, I personally felt so bad because of the decreased price that was very extreme, felt so stressful because there were all coins decreasing, joining projects with no payment and listing, well so bad.
And now, for the next bearish, I think that I am more ready to face the bearish era. No need to worry, stressful, and also panic. Just utilize every chance to get profits. If having money for investment, doing DCA of BTC in certain rate is probably one of my choices, moroever for Bitcoin, under $15k. Keep the BTC and wait for the next bullish era
May 18, 2022, 07:02:34 PM
I think the only people that should be afraid of bear market now are the newbies that are just entering the crypto space, if you have been in Cryptocurrency for a long time now I believe a bear market shouldn't disturb you because you should be use to it already, I believe during a bear market, it always give us opportunity to accumulate more coins and if you are not having any extral fund just hold the coin you are having, you don't have to panic and sell because the market will definitely bounce back and you will regret why you sold. So the only thing I will say is that during a bear market just hold your coin and wait for the bull run.
May 18, 2022, 06:41:05 PM
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.
This could be true because sometimes the bull run didn't last long enough and prices don't increase that much. The sad part is that bull run can only come rarely but the bears are always there. i think it is wise to take advantage of it.Some will say that they are already taking advantage of the bear but that is only good for accumulating. They didn't have the guts to sell right after the price shows an immediate increase. Ethereum and waves are all solid coins and it isn't bad to invest on them during the bear but for the coins that you mentioned first, they sound like a new coin. It can be risky to invest on that kind of coins.
Everyone has their own way of making profit, and I am among those who choose to accumulate potential coins every time a bear trend comes.
And I don't think there's anything wrong with what I'm doing, it's true that sometimes we have to dare to trade short-term during a bear market,
but the risk is too high in my opinion. So I just take a safe step when I'm in a bear market, therefore I prefer to accumulate potential coins when
in a bear trend, and I have several times gotten satisfactory profits by accumulating potential coins in previous years. So in the end it comes back
to ourselves, just do what we think is good, because only we know what is best for ourselves.
May 18, 2022, 06:08:39 PM
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.
This could be true because sometimes the bull run didn't last long enough and prices don't increase that much. The sad part is that bull run can only come rarely but the bears are always there. i think it is wise to take advantage of it.Some will say that they are already taking advantage of the bear but that is only good for accumulating. They didn't have the guts to sell right after the price shows an immediate increase. Ethereum and waves are all solid coins and it isn't bad to invest on them during the bear but for the coins that you mentioned first, they sound like a new coin. It can be risky to invest on that kind of coins.
May 18, 2022, 04:03:03 PM
Yes, there are some altcoins that are really going to do well while we're in the bear market but that's a temporary pump. Later on, they'll also go along with the whole market going through the bear market.
Do not be surprised to see from time to time that there are coins that are green. It's always like that and there will be some charts showing green but if you look at the whole picture, they've lost a lot from its ATH and as it goes through the bear.
Those experts that have said that it can go $11k are not wrong nor correct. Just take it as the market's example of being volatile.
Do not be surprised to see from time to time that there are coins that are green. It's always like that and there will be some charts showing green but if you look at the whole picture, they've lost a lot from its ATH and as it goes through the bear.
Those experts that have said that it can go $11k are not wrong nor correct. Just take it as the market's example of being volatile.
May 18, 2022, 03:22:56 PM
I have experienced through 2012-2013 period, then 2014 peak and 2015 crash, then 2017 peak and 2018 crash as well. I have been here probably during almost all big crashes and I have faced them all. At the first ones I saw that as a dangerous thing, and since bitcoin was a new thing as well, I thought "oh here it dies" and that was a mistake that I made, biggest mistake of my entire life, because if I bought there, I would have 500+ bitcoins right now easily.
When 2018 came in, I realized that sometimes it crashes and it is not a big deal, I held and did not sell too much, well I sold during 2017 peak which was awesome and then bought it back during 2018 but then held it all the way to 3.5k prices. This time around, not only I held, but I am also buying as well.
When 2018 came in, I realized that sometimes it crashes and it is not a big deal, I held and did not sell too much, well I sold during 2017 peak which was awesome and then bought it back during 2018 but then held it all the way to 3.5k prices. This time around, not only I held, but I am also buying as well.
May 18, 2022, 02:14:34 PM
I have lived through such bear market before and my learnings are,
1. Don't panic. When ATH is temporary, the bear market is also a temporary phase.
2. Accumulate more if you can
3. Avoid FOMO at any cost
4. Always diversify your portfolio and don't invest only on cryptocurrencies
That should be enough to ride theough.
1. Don't panic. When ATH is temporary, the bear market is also a temporary phase.
2. Accumulate more if you can
3. Avoid FOMO at any cost
4. Always diversify your portfolio and don't invest only on cryptocurrencies
That should be enough to ride theough.
May 18, 2022, 08:46:04 AM
The bear market is what happens every year. It has become a norm that each given year, the crypto market will experience a terrible bear market that will shake off the weak hands and projects out of the crypto space. This year's bear market can't ascertain how deep it will eat into the crypto space cause we have seen a top coin like luna reduced to nothing. Only this incident alone has people's fear in people's minds about crypto. Let's pray that this year's bear market end so quick cos the majority of investors have lost their fate in crypto entirely. Those that understand how the crypto market operates will only take the bear market as the trier time to test the longevity of the token they hold in their portfolio(How long it survives), and time to even buy deeper.
I'm not sure if every year the bear market will always come and ask for tribute. but what I experienced, every year there will always be big moments that happen. such as the popularity of NFT assets and meme assets that are much talked about in the community.and now we see a big moment that is a new history for the crypto space. Luna provides a true rating and experience to anyone in the crypto space.
in every possible way. whether it's from a bear market or a bull market, we have to prepare ourselves to join the fast-moving train.
May 18, 2022, 08:26:55 AM
The bear market is what happens every year. It has become a norm that each given year, the crypto market will experience a terrible bear market that will shake off the weak hands and projects out of the crypto space. This year's bear market can't ascertain how deep it will eat into the crypto space cause we have seen a top coin like luna reduced to nothing. Only this incident alone has people's fear in people's minds about crypto. Let's pray that this year's bear market end so quick cos the majority of investors have lost their fate in crypto entirely. Those that understand how the crypto market operates will only take the bear market as the trier time to test the longevity of the token they hold in their portfolio(How long it survives), and time to even buy deeper.
May 18, 2022, 08:12:00 AM
Many...
1. I'd learn the feeling of being panicking and worried about losses
2. I'd learn that once our emotion controls us, you certainly have nothing to do
3. I'd learn that patience is somewhat hard to develop especially if you are a negative thinker.
As the situation came back again, all of these things changed. People had learned a lot and I believe they also change from what they did before where probably they know how to control their emotions and understand the volatile nature of the market.
1. I'd learn the feeling of being panicking and worried about losses
2. I'd learn that once our emotion controls us, you certainly have nothing to do
3. I'd learn that patience is somewhat hard to develop especially if you are a negative thinker.
As the situation came back again, all of these things changed. People had learned a lot and I believe they also change from what they did before where probably they know how to control their emotions and understand the volatile nature of the market.
May 18, 2022, 12:41:06 AM
What I learned from the last bear market are
- Most of altcoins will have more than 99% loss
- Many of altcoins will not be able to recover to their all time highs in a new bull market
- A few of altcoins will survive through bear market and if they continue to develop products well enough, they will be able to not only touch their all time high but also make a new all time high: Ethereum, BNB, WAVES are very good examples. They are altcoins from last bull and bear market.
- Most of altcoins will have more than 99% loss
- Many of altcoins will not be able to recover to their all time highs in a new bull market
- A few of altcoins will survive through bear market and if they continue to develop products well enough, they will be able to not only touch their all time high but also make a new all time high: Ethereum, BNB, WAVES are very good examples. They are altcoins from last bull and bear market.
May 18, 2022, 12:18:45 AM
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.
Nothing new, altcoins go dump themselves when the hype around it dies down and they're left with their bare-bones project that was just used by rich people to suck the money out of newbie investors. Can we expect some sort of a trend here ? Are some coins bound to do well even during a bear market ?
Erm no. Afaik they always get hit at the end, if you can read and short it then you may profit off of it but most of the time you'd honestly just lose money if you try to invest in general when trying with Altcoins, especially in the long term. There might be a coin that could perform well, but that's kind of a lottery tbh when it comes to finding one. 
May 17, 2022, 08:50:24 PM
In every Bear Market 95% of the top 10 Coin Market Caps are always replaced with new ones. Surviving in the bear market for altcoins is quite difficult, they must compete at least to show a strong reputation in the market and in the eyes of investors and traders.
I'll make a shortlist that lasts every Bear Market: (excluding Stablecoins)
FACT: BTC BITCOIN WILL STAY AWAY
I'll make a shortlist that lasts every Bear Market: (excluding Stablecoins)
FACT: BTC BITCOIN WILL STAY AWAY
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