That's why people always say diversify your investments. Even the stock market could collapse as you can see and there is nothing you can do to actually stop the bleeding in crypto yourself hence even investing into those two won't be enough in days like these. Hence when you are investing remember that there are other options than just stocks and crypto, diversify all of them at once and get into more stuff.
For example, if you are investing into stocks do that with 10+ stocks, when you are investing into crypto do that with 5+ crypto currencies but also have some gold aside, if you can invest into some real estate projects, put money into bonds and many more stuff like that. If you do that than in return you will have a safer option and even if all of them drop at the same time at least you will know that economy can't continue to drop all the time.
Topic: How to avoid disappointments when investing in BTC. - page 2. (Read 381 times)
The best to not be very disappointed is by actually being prepared for the worst. if you know what could and may happen then you will be less vulnerable.
Many people are losing their minds and money over this bearish trend, the problem with average Joe is that they usually enter the market at the very wrong time, and leave it in the worst time .
Crypto market just as in every other market is nothing but how W.buffet defined it "a mechanism for the transfer of wealth from the impatient to the paitient"
what you need to understand that every market consist of 3 main phases that must repeat every now and then.
Bull period : > could be the worst time to enter aka people who bought for 19k last year
This is something like 2017 where price moved from around 900$ to 20,000$ in a year gaining around 2000%
it's also something similar to Sep 2013 to Dec 2013 when price moved from 95$ to 1100$ in 4 months
Bear period: > a better time to enter
From end 2013 to Jan 2015 price entered a bear market from 1170 to 160$ ( lasted almost a year)
From Dec 2017 to present !
Sideways : > the best time to enter
From Jan 2015 to Nov 2015 price remained in a sideways market for almost a year before starting a new bull run,
expected to begin around Q1 2019
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in fact if you open any stock chart that has a data of say 30-50-70 years and watch it closely, it will look very similar to bitcoin chart, these market cycles are a MUST.
the only thing that may change is the length of each of these periods, the current bear market does not have to exactly last the same as the 2013-2015 bear market, it could be longer or shorter , but rest assure that as soon as we stop making new lower lows, we will not go back to ATH the next month of two, the sideways market has to come before that.
the good thing about crypto being still a small market , is that even in it's sideways market it can still do 50-100% moves, so for those who trade they can still find positions to enter, but for the holders, really sorry there is nothing much you can do beside being prepared for the average scenario which is based on the crypto history with estimate figures tells us this.
a bear market continues to 2019 Jan, with small corrections to the upside before making new lows.
Q1,Q2,Q3 of 2019 are nothing but a side way market where price will keep bouncing from whichever the bottom will be which according to history repeating itself is anywhere from 1 to 3k, and then Q4 2019 or Q1 2020 a new bull run takes place.
make no mistake this is crypto ( a very small market cap ) a rally of 100% to 6k now MEANS NOTHING , every rally up will be sold out as long as we do not hit a quite long sideways market.
this is the average scenario of history repeating itself. which IMO is very likely to play out. so as a holder who do not know how to sell/buy what you should do is simply invest only what you can afford to lose, and be prepared for a scenario that says the price you bough for is never going to show up until 2020, so if you bough for 9k and now you don't know what to do, i suggest you get busy with something else and only check once in a few months, other wise you will give in and trust me the moment you do , the bull market will start.
now indeed this is not a financial advice what so ever, but I know that once you are prepared for what could possibly happen, you will avoid disappointments.
Good luck.
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