How to deal with bear markets - page 3.

beerlover

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A trader must know when the right time to enter and exit, in contrast to inventors who only sell according to a specified target. Therefore, it is very reasonable for traders to use stop-losses to minimize the amount of losses, It is true that trading is not only ready to make a profit, but also ready to face losses. Most importantly, the amount of profit earned must be greater than the losses experienced. Good traders must be able to analyze the market well, so as not to be speculators. So if we can plan a strategy well, so that it is easy to become a successful trader, by collecting as much profit as possible.

This is exactly why being an investor is a lot easier. All I have to do is buy at the right time and wait, I can wait over a year if I want to, I do not have to check the prices every 5 minutes, I check them once a day and that is more than enough for me I do not need to recheck it because that is all that I need.

The bad part about being a long term investor is that you end up seeing huge moves while you do nothing, like I bought some under 10k and didn't sell any, I could have sold over 60k and bought back at 30k and could have owned 2x more bitcoins and that is the part where being a long term investor is a big challenge, you end up seeing big moves and some of us act on it and others just watch it.

Trader on the other hand could lose a ton of money during these moves, or could make a ton of money as well, it all depends on the talent, it requires more talent and knowledge than being an investor and it requires a lot more work.

darewaller

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Quote from: redsun114 on July 01, 2021, 01:22:11 AM

After bitcoin, I guess most traders have turned as investors rather than encountering those 'hit' time to time. "Only investing" must be a good way to deal with bear markets in my opinion as well.

Honestly, with bitcoin investments I have stopped my trading some long time back itself. I was a forex and commodity trader and I was struggling with lots of losses by the times of 2010 but after I was introduced into bitcoin and started learning about the fundamentals of bitcoin, I understood any investment will be more than enough for me to lead my entire life without having to trade any more. This way I stopped trading and I skipped all my struggles while dealing against bear markets.

In forex and commodity markets, we can make money even in bear markets but that are seeming too hard now when I compare how effectively we can make easy money out of bitcoin investments every four years.

Lakai01

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Quote from: redsun114 on July 01, 2021, 01:22:11 AM

I do see at least 90% of high rank people of this forum always emphasizing about investing only into bitcoin along with long term plans.
-snip-

There are also some very well known traders (philakonecrypto) and crytpo celebrities (e.g. Charles Hoskinson) who have accounts here, but probably they don't really use the forum anymore.

Especially traders nowadays reach their target audience much easier via social media like Twitter. Just look at how many followers philakonecrypto has on Twitter, with one tweet probably more people read his predictions and trades than ever read his posts here in the forum Wink

redsun114

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Quote from: DarkDays on June 30, 2021, 02:16:47 PM

The best way to cope in bear markets is to acquire knowledge and only invest in the super strong projects.

Yeah, this is the reason all long term bitcoiners are never bothering bear markets; I do see at least 90% of high rank people of this forum always emphasizing about investing only into bitcoin along with long term plans. If newbies do follow such recommendations then I guess that we do not need this kind of discussion at all.

Quote from: slaman29 on July 01, 2021, 12:48:16 AM

The good trader knows he always has a risk and sometimes that risk means taking a hit. Otherwise you become a holder, and then give up trading.

After bitcoin, I guess most traders have turned as investors rather than encountering those 'hit' time to time. "Only investing" must be a good way to deal with bear markets in my opinion as well.

slaman29

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Quote from: iv4n on June 30, 2021, 09:01:49 AM

And what is the right thing to do? If you missed the opportunity to sell the top, the only good option is to continue holding!

It all depends on your expectations and your original targets (that's right, people actually need to set targets, that's the problem). And if your target is to not lose more than a certain amount, then you let stop loss take the hit. That's what trading is all about. Entry and exit. You're doomed if you only think of profit exits, then you might as well just gamble.

The good trader knows he always has a risk and sometimes that risk means taking a hit. Otherwise you become a holder, and then give up trading.

coiner-88

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It will promptly diminish the pressure because of the market going down, and return again when the market recuperates soon. I heard news in instagram. Presently I just trust news that spread in this discussion since individuals who spread the word in this gathering are more acquainted with digital money world not at all like individuals in instagram who just looking for consideration and adherent.

DarkDays

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Quote from: Lakai01 on June 30, 2021, 01:40:44 AM

Quote from: ?? on ??

Twitter influencers are more than 4 years ago, they usually make lots of wrong predictions in the bear and most of them just go quiet than post.

This is also true for well-known and professional traders such as Tone Vays. They are also 45% - 49% wrong with their trades, but make their money with the 1% - 5% where they are more often right than wrong (and of course with the "premium subscriptions" ...).

Well, this type of selected silence is common across the entire industry. Everybody likes to draw your attention to times when they were right but when they're predictions are completely off they keep quiet, and that's most of the time because bull markets are much shorter than bears.

The best way to cope in bear markets is to acquire knowledge and only invest in the super strong projects. Nothing else matters.

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Quote from: Taskford on June 30, 2021, 08:27:13 AM

Quote from: Maslate on June 30, 2021, 07:30:26 AM

Quote from: ven7net on June 30, 2021, 06:05:53 AM

It's great that you were able to share a number of great solutions for dealing with bear markets, but for some people, a bear market for cryptocurrencies is a great opportunity to make money. I think that in this case traders or those who play to lower the price win. In any case, there are always those who better refrain from trading in a bear market, and there are those who can profit from any situation. Here, what kind of experience you have and how you can apply it in a given situation already plays a role. I’m a bull market or a bear market, I’m still trying to make money on cryptocurrencies.

It really has a pressure on trading when the market is in bear season and only the experts could make a good profit while the rest are at loss.

And while waiting for the market to recover, it is better to take this opportunity to accumulate more potential altcoins. If we hold them, it for sure we are rewarded in the future but I don't suggest taking a loan for this sake coz that might be the reason why you fail to hold until the next ATH.

Yeah right to hard to deal with pressure brought by heavy loss especially if we bought ours at the peak, but we can ease the pressure if we are long term holder and doesn't care about what currently happening now but this kind of things only happen on whales but for low cap users for sure mostly thy will fail since they cannot take to see how market drops so hard. And this panicking in some issues is good to be our basis since this could make us away to sold earlier and possibly can lift us back when market recovers.

Majority is been saying just like it was just an easy thing to be done but honestly its not really that simple when it comes to that because emotion is your main enemy here.You dont like too see your portfolio is dropping
and if you arent a long term holder then you would really be minding on how you would break even your investment that had been made or able to get out in the market when its too late already.
Dealing with bear market is something that cant really be done easily if you dont have much experience on this industry.You would normally freak out and panic sell but once you are aware
on how this market behaves then you do at least have the idea on what to do in times like these.

ethereumhunter

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No one will know when the bear markets come but you may get the sign for the coming. When the price starts to go down and sometimes the price drops too deep, maybe the bear markets come, but that will not always like that because the price can bounce up after it gets down. But if the price does not move to the high price for some time, maybe that is the bear market. If I face the bear market, I will not sell the coin instead buying more because that will a discount for me to buy the coins.

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Quote from: SophiaZ on June 30, 2021, 09:59:43 AM

I'm a long-term investor and number 7 is what I do everyday.

Long-term investors do have a long enough time until the target is achieved. But when the bear market continues to occur and prices continue to decline, it is an opportunity for you to increase your assets at a lower price. Of course when the market is bear price deep will happen. You should have spare money to buy at deep prices, it is very important. it becomes the final strategy to double your profit. don't miss it.

SophiaZ

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Quote from: Lee_Mire on June 26, 2021, 04:59:58 AM

7) Enjoy life - And always remember life is too short. Enjoy it.

I'm a long-term investor and number 7 is what I do everyday.

iv4n

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Quote from: Questat on June 30, 2021, 08:24:48 AM

How to deal with the market?
Pretty simple, just do what you think is right. I'm not gonna say just hold or sell it, not unless if it is needed.

The bear season will end up shortly and passes by (just for me). I do hold and patiently wait for the recovery, which I think I was right. May OP is also right because that his opinion, but I'm doubted if the other will do the same. But for me, do make a decision that you will never be in regrets or at least not at worse.

And what is the right thing to do? If you missed the opportunity to sell the top, the only good option is to continue holding! Of course, if you feel that we have a long way to the bottom, shorting can be a good thing to do, but that can easily backfire on you! Trading as trading can be profitable as we all know, but if someone is trading blindly most likely that person will suffer more losses!

Holding and adding more is a good thing to do while bear markets last! I am not sure will it end up shortly or not, but I am sure we will have more bull runs... in my opinion, it's just a question of time!

Taskford

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Quote from: Maslate on June 30, 2021, 07:30:26 AM

Quote from: ven7net on June 30, 2021, 06:05:53 AM

It's great that you were able to share a number of great solutions for dealing with bear markets, but for some people, a bear market for cryptocurrencies is a great opportunity to make money. I think that in this case traders or those who play to lower the price win. In any case, there are always those who better refrain from trading in a bear market, and there are those who can profit from any situation. Here, what kind of experience you have and how you can apply it in a given situation already plays a role. I’m a bull market or a bear market, I’m still trying to make money on cryptocurrencies.

It really has a pressure on trading when the market is in bear season and only the experts could make a good profit while the rest are at loss.

And while waiting for the market to recover, it is better to take this opportunity to accumulate more potential altcoins. If we hold them, it for sure we are rewarded in the future but I don't suggest taking a loan for this sake coz that might be the reason why you fail to hold until the next ATH.

Yeah right to hard to deal with pressure brought by heavy loss especially if we bought ours at the peak, but we can ease the pressure if we are long term holder and doesn't care about what currently happening now but this kind of things only happen on whales but for low cap users for sure mostly thy will fail since they cannot take to see how market drops so hard. And this panicking in some issues is good to be our basis since this could make us away to sold earlier and possibly can lift us back when market recovers.

Questat

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How to deal with the market?
Pretty simple, just do what you think is right. I'm not gonna say just hold or sell it, not unless if it is needed.

The bear season will end up shortly and passes by (just for me). I do hold and patiently wait for the recovery, which I think I was right. May OP is also right because that his opinion, but I'm doubted if the other will do the same. But for me, do make a decision that you will never be in regrets or at least not at worse.

Obito

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Besides securing your crypto, I think it's also nice if you can secure your fiat for reinvesting because what's the point of letting the bear pass by without making money out of it, the bear market is basically a golden opportunity that everyone is looking for but when it happens, they panic about it, use the bear market as a chance to buy crypto in a cheaper way if you are a long-term hodler, this can help you accumulate more bitcoin in the long run.

Maslate

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Quote from: ven7net on June 30, 2021, 06:05:53 AM

It's great that you were able to share a number of great solutions for dealing with bear markets, but for some people, a bear market for cryptocurrencies is a great opportunity to make money. I think that in this case traders or those who play to lower the price win. In any case, there are always those who better refrain from trading in a bear market, and there are those who can profit from any situation. Here, what kind of experience you have and how you can apply it in a given situation already plays a role. I’m a bull market or a bear market, I’m still trying to make money on cryptocurrencies.

It really has a pressure on trading when the market is in bear season and only the experts could make a good profit while the rest are at loss.

And while waiting for the market to recover, it is better to take this opportunity to accumulate more potential altcoins. If we hold them, it for sure we are rewarded in the future but I don't suggest taking a loan for this sake coz that might be the reason why you fail to hold until the next ATH.

gabbie2010

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Quote from: Nunoluck on June 28, 2021, 12:10:57 AM

I think we also need to avoid all social media app. I ever fell because of negative news that spread on Instagram so I don't get maximum profit from last bullish market. Actually I have my own calculation about market condition but I become too afraid and doubt about my plans after I heard news in instagram. Now I only trust news that spread in this forum because people who spread the news in this forum are more familiar with cryptocurrency world unlike people in instagram who only seeking for attention and follower.

Those social media app does more harm than good in this bear market I had read all sort of bad news, FUDs about bitcoin thus sending fears to newbies of course I am unconcerned about it, the forum has more updates and much preferable to all those social media apps.
I also agreed with point 1 and 2 securing our wallet should the first priority of every crypto enthusiast or hodler this is very important, safety comes first before other things and selling of coins in the bullish market will ensure consistent profits rather than to wait for the market to turn bearish this is a bitter lesson I had learnt about cryptos I had been in a situation when my trades turns from green to red after ignoring to take a small profit since then I always avoid greedy.

ven7net

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It's great that you were able to share a number of great solutions for dealing with bear markets, but for some people, a bear market for cryptocurrencies is a great opportunity to make money. I think that in this case traders or those who play to lower the price win. In any case, there are always those who better refrain from trading in a bear market, and there are those who can profit from any situation. Here, what kind of experience you have and how you can apply it in a given situation already plays a role. I’m a bull market or a bear market, I’m still trying to make money on cryptocurrencies.

lienfaye

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These tips are actually helpful to us specially for the newbies to be enlighten in times the bearish market take over. Its not easy to deal with bear market but if you expected this situation to possibly happen from the first time you engage yourself in crypto then it might not hard to think on whats the best thing to do since you're aware for it.

What I often do is forgetting for a while that I have crypto investment to avoid being tempted to sell due to many negative news surrounding crypto. Im letting myself to become busy to other things and just monitoring the price once in a while to see if there's changes.

wiss19

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Quote from: Lee_Mire on June 26, 2021, 04:59:58 AM

It can be so draining watching charts all day and the negativity can seriously ruin your productivity, relationships and even your health.

You sound like a newbie trader rather than an experienced investor. I mean when you are going to invest or trade with bitcoin then you should be aware of its fluctuations and when you are trading with the expectation of unexpected fluctuations then you will never worry about it and then let it ruin your health. Dealing against bear market is not a big task for all bitcoiners as most of the times bitcoin markets are into bearish mode in its every cycle.

Quote from: Lee_Mire on June 26, 2021, 04:59:58 AM

When the market is ready it will pump again, so why wait doing nothing? Do something in the meantime and check back every now and again. You will be happier, more productive and possibly wealthier.

I do not think all the long term investors of bitcoin are simply watching price levels on daily basis and doing nothing. They must be busy on making use of dips; this way when you look for cheaper prices of bitcoins to buy more then I guess you will start loving bear markets as well.

Topic: How to deal with bear markets - page 3. (Read 844 times)