How to deal with bear markets - page 4.

Lakai01

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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" ...).

Almost all other influencers do NOT earn their money with trading but get sponsored in their shows. Trade- and price predictions of these influencers are therefore worth nothing

ipanks

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Quote from: rodskee on June 29, 2021, 09:51:23 PM

Thanks for everything here mate , you really made my day now.

at least there is a complete advise i received from someone outside my groups.

With all of the suggestions, number 7 seems to be the important thing for you to try. Whatever you will do, if you do not enjoy your life, you will not feel grateful.

You do not need to do anything with numbers 1-6 if you only apply number 7 because with enjoy your life, you will not think negatively even if the bear market comes. You just let it happen, but you should not just shut up and do nothing, but you can do something else. The important is you can distract your mind not to worry about if something happen.

alevlaslo

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I look at all good coins, if at least one of them has fallen to the bottom of the price, therefore the entire market will not fall lower from this time

slaman29

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Quote from: NewRanger on June 29, 2021, 02:21:23 AM

Quote from: slaman29 on June 29, 2021, 12:12:54 AM

Your comment is one of the shortest here and yet actually probably one of the most useful. Stop trading, no strategy is going to work, and no amount of checking your wallets is going to change anything.

stop trading and quit from market for a while will help us to recovery our mental and psychology, many traders be stress when suffer loss. when this happen, they could not controll emotion and maybe will open new transaction again without any analisys. It will make things worse and lose more money. Not everyone could make this wise decision , except whom able controll their mind.

Like I said, just not trading isn't just about recovery but preventing the need for recovery and if you only trade (or invest) money that you consider to have lost (put money in, and just assume it is lost and don't expect profit) then you'll have no expectations and that burden of worry is gone. No stress.

Just try it, seriously. The worst that can happen is Bitcoin dies and you lose disposable cash:)

rodskee

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

The market is once again showing its ugly side and we can potentially slide into an extended bear market. It can be so draining watching charts all day and the negativity can seriously ruin your productivity, relationships and even your health. If the bear market is getting to you try following these steps.

1) Secure your crypto - This is the first and most important step. The bear market might last a few years and you want to be securely hodl your coins through this long period. You need to decide on how you want to store your coins.

2) Decide DCA strategy - The best way to win big in a bull market is to have enough coins to sell. You want to load up during a bear market and off load into a bull market. The dollar cost average strategy is the least stressful way to invest in crypto. It means buying a set amount of coins regularly. Learn how to DCA and pick on the amounts you want to do. Try to automate your DCA so it sort of happens in the background.

I have this in my mind everytime and not even in bear market but all the time.

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3) Uninstall all the crypto price apps - During a bear market the worst thing you can do is regularly check the prices. You can be having the best day of your life and one look at the price will ruin it for you. Uninstall those price alerts and try to avoid checking the price.

I did this in 2018 but not doing it now because i still can't see that Bear market is nearing.

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4) Avoid crypto twitter - CT is worst place to be during a bear market. Everyone bashes each other and the memes are not as funny when the price is tanking. Overall its a sad place to be during a bear market and it will negatively impact your mood.

Twitter is the most spam social media and this is nothing to give but BS tweets .

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5) Block all the haters - We all have a few people who can't stand to see us happy. It could be a "friend", a family member or even an ex. Block these people and don't give them the opportunity to laugh in your face during heavy sell-off.

DONE !!!!!

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6) Do something productive - This is one of the most important steps. You have to do something productive with your time otherwise you will slide back into the negative feedback loop of the crypto bear market. Build something, work on a project, learn new skills, take up new hobbies, travel, etc. Keep yourself busy and you will probably forget all about crypto until the next bull cycle when you check your wallet and your minted!

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

The overall goal is to try to push crypto out of your mind during the bear market. You cannot control the price action and market. 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.

Thanks for everything here mate , you really made my day now.

at least there is a complete advise i received from someone outside my groups.

lalabotax

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

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These are things we can do really in the bear market and reduce the stress that we may get.
Yeah, we know that during the bearish market, there will be many more haters coming to make the condition become worse and worse again, telling crypto scams, and others. So that people will feel more depressed because of the FUD, seeing the balances dropped more than 50% and others.

In some times, I also don't look into applications and ignore the FUD to make and calm my mind and feeling. However, sometimes, we must face the condition because we cannot run away again from this bear market.

tippytoes

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Quote from: Ziskinberg on June 29, 2021, 06:27:37 PM

We only have 2 options, HOLD or SELL. And besides, we often do this even the market isn't in the bear season and I think, we just are doing the same as usual. What makes difference is the price is low and that seems difficult when you bought it at a higher price or during the Bullrun. If that will be the case, I'd rather hold it and wait for the next Bullrun. And while waiting for that time, I use separate money to continue trading.

Because the point here is we never stop making money even the situation is hard. But if we can't take the risk, then think about selling or just hold.

And if someone can't take the risk in venturing in crypto, it means, this market is not for him. You should have clear goals why you are entering this volatile market. Otherwise, you will be lost in the process and your life will be a mess, especially during the bear season because your decisions are now being affected by emotions. You need to remind yourself about your objectives here and yes, enjoy life while you can. It is only money that is at stake here. So better use your extra funds so as not to be agitated with the market condition.

Ziskinberg

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We only have 2 options, HOLD or SELL. And besides, we often do this even the market isn't in the bear season and I think, we just are doing the same as usual. What makes difference is the price is low and that seems difficult when you bought it at a higher price or during the Bullrun. If that will be the case, I'd rather hold it and wait for the next Bullrun. And while waiting for that time, I use separate money to continue trading.

Because the point here is we never stop making money even the situation is hard. But if we can't take the risk, then think about selling or just hold.

Helpme_please

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Quote from: tvplus006 on June 29, 2021, 08:33:43 AM

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

..If the bear market is getting to you try following these steps...

These are very simple tips, but in practice it is very important to fulfill only one point: When a bear market approaches, you need to sell all the coins and get stablecoins. But the reality of life is that not many people manage to sell coins in time. Hence the nervous shocks and Fomo about lost profits.

they only two choice when face bearish trend, hold or sell coins with negative or getting profits. Some traders were trapped by influencer that shilling up only ,meanwhile its very clear market become bearish. Not all traders could take sell decision , most of them still have big hope to see their assets rise alot.

carlfebz2

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Quote from: beerlover on June 29, 2021, 12:01:22 PM

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

The market is once again showing its ugly side and we can potentially slide into an extended bear market. It can be so draining watching charts all day and the negativity can seriously ruin your productivity, relationships and even your health. If the bear market is getting to you try following these steps.

I will not call it "ugly", it is just part of every market still I agree it is a pain to watch the bear markets but when market stays above your buying levels and you are good with fundamentals of market to remain confident about bouncing back of markets then you will be happier on seeing bear markets as you may make use of bearish trend to buy more than than hating and losing the opportunity of cheaper prices.

Let's take bitcoin market as an example; you never need to worry on bear market if you are holding for years because market is not falling back to the beginning prices of this year and it is staying well ahead of last year's prices hence we can simply go for buying more rather than start feeling pain about falling prices from ATH levels.

You would really be happy on seeing bear markets or price corrections for those traders who are actually waiting up for the dip because we cant just purchase or buy when the price is on the peak.

There would be always a correction because market cant really just move up forever so instead on seeing this as a disadvantage then these are rather chances for you to get in early or purchase on cheap.

We wont be called a trader if we dont play with the price movement or volatility. Dealing with bear market or crypto winter then it would be on personal choice.

isaac_clarke22

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Quote from: Lakai01 on June 29, 2021, 06:05:36 AM

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Well in a sense, yes. It could be that even without social media and just by surely doing the whales trap wherein the price makes it look like it is crashing but it just whales waiting for the panickers to dump their coins only to be bought by the whales making them to have more hodlings for the future of course.

Quote from: Johnyz on June 29, 2021, 08:18:42 AM

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Well whatever pops up in my news feed in every social media, I won't even flinch. It is more like DiCaprio laughing meme for me. lol

abel1337

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Quote from: beerlover on June 29, 2021, 12:01:22 PM

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

The market is once again showing its ugly side and we can potentially slide into an extended bear market. It can be so draining watching charts all day and the negativity can seriously ruin your productivity, relationships and even your health. If the bear market is getting to you try following these steps.

I will not call it "ugly", it is just part of every market still I agree it is a pain to watch the bear markets but when market stays above your buying levels and you are good with fundamentals of market to remain confident about bouncing back of markets then you will be happier on seeing bear markets as you may make use of bearish trend to buy more than than hating and losing the opportunity of cheaper prices.

Let's take bitcoin market as an example; you never need to worry on bear market if you are holding for years because market is not falling back to the beginning prices of this year and it is staying well ahead of last year's prices hence we can simply go for buying more rather than start feeling pain about falling prices from ATH levels.

That's right, A bear market is an expected event in crypto after a bull market and if we see the positive side, It is shown that the market is healthy. We are still given a chance to acquire some crypto at lower prices. If you have an asset that you truly believe is a fundamentally strong project, It would be better to just hold it on till the next bull run start. I believe that this market is just a repeated cycle and only good tokens are following it.

Honestly, I'm not scared of the bear market anymore since I have experienced it before, and keeping track of the prices isn't making me faint. If you are a new trader and at a loss, It would be better to avoid social media with a lot of FUD's posting like Twitter.

beerlover

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

The market is once again showing its ugly side and we can potentially slide into an extended bear market. It can be so draining watching charts all day and the negativity can seriously ruin your productivity, relationships and even your health. If the bear market is getting to you try following these steps.

I will not call it "ugly", it is just part of every market still I agree it is a pain to watch the bear markets but when market stays above your buying levels and you are good with fundamentals of market to remain confident about bouncing back of markets then you will be happier on seeing bear markets as you may make use of bearish trend to buy more than than hating and losing the opportunity of cheaper prices.

Let's take bitcoin market as an example; you never need to worry on bear market if you are holding for years because market is not falling back to the beginning prices of this year and it is staying well ahead of last year's prices hence we can simply go for buying more rather than start feeling pain about falling prices from ATH levels.

tygeade

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Looking at that number five, why would anyone even know that you are investing and trading in cryptocurrency? Okay ,maybe your ex might know if they were dating then and you were trading cryptocurrency and also open to them about it. I don’t tell anyone that I am trading cryptocurrency, it is something I keep to myself, but my family knows about it and only them.

And moreover, I don’t let anyone know about my situation, whether I am winning or I am losing, I just keep it to myself. It’s nobody’s business. And also I am not the type of person that is always talking about cryptocurrency and making it known to everybody what I am up to. It’s good to keep things like this to yourself, you shouldn’t let everyone when you’re falling or winning. If they know when you win, they will envy you. And if they know when you fall, they are going to laugh and that will discourage you if you’re not strong enough. So it’s bad to tell people, learn to mind your business and stop making it a public business.

Golftech

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Quote from: Cherylstar86 on June 29, 2021, 07:58:34 AM

I'll follow those important advice that you gave, but if you avoid crypto twitter or any other social media platforms I don't think it's a good idea. We need them to keep updated despite of bearish market that's getting worst day by day. Though we have no assurance for the coins that we're holding nowadays, but don't give up because we will be harvesting our profit when the price reaches so high once bullrun comes.

Social media might help to get some updates in regards to your asset but never use them as

basis, it will lead you to lose your money as there are so many manipulations that happened

using this channels, make sure to work with your knowledge as it will give you the best ideas

pointing the right directions especially during this bearish market.

Kelvinid

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Quote from: Johnyz on June 29, 2021, 08:18:42 AM

Whales are taking advantage of this one but we should not be afraid because we can also ride with them by keeping yourself updated especially if you are into trading. FUD may move the market that much especially if the FUD are coming from a well know company or personality, that is the trend over the past years and it will always be part of the market. Know the risk of HYPE and FUD and know what to do during this bear market, I'm staying away from the meme projects right now and the new one, that's too risky for me as well.

And with that case, maybe we don't have the right to blame whales because we lose. That actually we are happy when they use to pump and the market but, we can't be confident enough that everything will end up good, traps are somewhat waiting for you then. That is a need for us to still be cautious, we don't just jump and ride with them knowing nothing. The common thing that put some traders it a losing end is that because they are too hurry and they'll think that trading could be just an easy job to do.

Make a decision wisely, that is the most important.

conected

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Quote from: Cherylstar86 on June 29, 2021, 07:58:34 AM

I'll follow those important advice that you gave, but if you avoid crypto twitter or any other social media platforms I don't think it's a good idea. We need them to keep updated despite of bearish market that's getting worst day by day. Though we have no assurance for the coins that we're holding nowadays, but don't give up because we will be harvesting our profit when the price reaches so high once bullrun comes.

- Agree, life is about stumbling and sometimes facing things that we feel very negative and dislike but even in such dark days, we need to seek joy, knowledge and other positivity because this is our choice and our job, we can be unlucky for the day but nothing will forever be unlucky, backing down may not be able to extinguish the problem. The social platform will give two-way reactions, and it's our job to let these two equations combine, creating a neutral, close your eyes and turn your back can only die

tvplus006

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

..If the bear market is getting to you try following these steps...

These are very simple tips, but in practice it is very important to fulfill only one point: When a bear market approaches, you need to sell all the coins and get stablecoins. But the reality of life is that not many people manage to sell coins in time. Hence the nervous shocks and Fomo about lost profits.

Johnyz

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Quote from: Lakai01 on June 29, 2021, 06:05:36 AM

Quote from: ?? on ??

Social media isn't the toxic ones, but it is the people that uses it.

It has to be said here quite clearly that FUD is controlled and is used by whales in particular to be able to dominate the market even further. FUD has always existed, even without social media. Nowadays, however, social media such as Twitter and Facebook make it possible for news to spread much faster, but they are certainly not the cause of FUD.

Whales are taking advantage of this one but we should not be afraid because we can also ride with them by keeping yourself updated especially if you are into trading. FUD may move the market that much especially if the FUD are coming from a well know company or personality, that is the trend over the past years and it will always be part of the market. Know the risk of HYPE and FUD and know what to do during this bear market, I'm staying away from the meme projects right now and the new one, that's too risky for me as well.

Cherylstar86

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I'll follow those important advice that you gave, but if you avoid crypto twitter or any other social media platforms I don't think it's a good idea. We need them to keep updated despite of bearish market that's getting worst day by day. Though we have no assurance for the coins that we're holding nowadays, but don't give up because we will be harvesting our profit when the price reaches so high once bullrun comes.

Topic: How to deal with bear markets - page 4. (Read 844 times)