How was last crypto bear market - page 10.

YinShuiSiYuan

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Quote from: ANSEL_2.0 on April 17, 2022, 04:23:36 AM

This question is for those that are here when bear market of 2018 stormed the crypto space, how doesn't it feel like? All those staking for perceive income makes sense at all? Or returns went so bad and makes staking looks like a bad idea? How does it felt like.

With me, until the end of 2018, I did not believe that the bear market could last so long. Then I was sure that it would last 3-4 months at the longest and prices would start to rise again. With the bull run lasting so many months, it seems impossible for the market to collapse so badly. Fortunately, we do not have such sharp drops in prices now, so even if we enter the bear market, the losses will not be as large as they were in 2018. Back then, I really thought it was the end of cryptocurrencies.

marissa23

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Quote from: Xal0lex on April 17, 2022, 02:33:08 PM

Those who say it's terrible and all that sort of thing don't know how to make the best out of such market cycles. Most people during such periods simply sell off their valuable cryptocurrencies when they should, on the contrary, be buying them. Buy when there is fear in the market. The bear market that started in 2018 and continued through early 2019 was a great reason to build your crypto portfolios. ETH at $60, BTC at $3,500. It was a golden time to invest.

Many people invest not from cold funds so they are not prepared to lose it, besides that many novice investors do not understand market cycles and do not understand managing portfolios well. I still remember the time when the prices of ETH and BTC were the cheapest since 2018, will the next bear market reach its lowest values like 2018 again?

Silberman

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Quote from: ANSEL_2.0 on April 17, 2022, 04:23:36 AM

This question is for those that are here when bear market of 2018 stormed the crypto space, how doesn't it feel like? All those staking for perceive income makes sense at all? Or returns went so bad and makes staking looks like a bad idea? How does it felt like.

You have no idea of how awful it was, the price went from being close to 20k to 3k, it was without a doubt one of the most difficult things that I have ever experienced and as an investor without a doubt it was the most difficult one, anyone using any kind of leverage basically lost everything, those that sold their houses or cars to invest were ruined and only those that were 100% convinced about the future of this market remained in it while the rest left and most likely never comeback, however for the few that survived this brought them a lot of benefits, as for example the current decrease in the price is nothing for those which went through such a brutal crash.

Xal0lex

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Quote from: ANSEL_2.0 on April 17, 2022, 04:23:36 AM

This question is for those that are here when bear market of 2018 stormed the crypto space, how doesn't it feel like? All those staking for perceive income makes sense at all? Or returns went so bad and makes staking looks like a bad idea? How does it felt like.

Those who say it's terrible and all that sort of thing don't know how to make the best out of such market cycles. Most people during such periods simply sell off their valuable cryptocurrencies when they should, on the contrary, be buying them. Buy when there is fear in the market. The bear market that started in 2018 and continued through early 2019 was a great reason to build your crypto portfolios. ETH at $60, BTC at $3,500. It was a golden time to invest.

BIT-BENDER

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Although I wasn’t here but you should also know the answer, all bear market are always bad for everyone in crypto-currency. But from my history of since I join Crypto I have come to see that after a great bear market not to long from then a great pump follows and sometimes leads to a new all time high. Although I think now Bitcoin has gotten a better adoption than it had then so we may not see severe bearish market.

Jack_Sin

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Quote from: SUPERSAIAN on April 17, 2022, 10:02:17 AM

I got a little greedy in the 2017 upswing and couldn't sell my assets, the result for me was to wait 2-3 years.

We have seen evidence of bitcoin price recovering since its bearish breakdown in 2018, many people were frustrated because the impact of the price plunge was so significant that it cut-loss to minimize losses, but lucky for them to buy at that time because they already pocketed high profits.

lombok

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Quote from: Teraboy on April 17, 2022, 08:37:44 AM

You forget that we have staking stable token at that time. Mostly people have been converting their assets into the stable token to be used for staking purpose during the big dump that happened. This is the best strategy that already done by so many people to keep get the passive income even when the market is having very bad performance. I think that staking is not always related to the staking altcoins but you have so many choices like staking stable token. People who used this method able to avoid the bearish impact.

Staking stablecoins is one of the right choices to deal with a bear market. At least by staking stablecoins, our money is safe and its value is not affected by the decline in crypto prices. There are various options for staking stablecoins with varying returns, depending on which stablecoin we choose.

kurniawan05

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when the bear market occurred in 2018, at that time I was new to blockchain, it felt so frustrating, assets fell with a value below 20 percent, but I am still optimistic that the bull run will come back again.

SUPERSAIAN

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Yes, it made me feel bad for staying inside. It would have been very profitable for me if I had spent the bear season with no assets in my hands. After 2018, I made purchases piecemeal constantly, it was profitable for me when the time came. It would have been much better for me if I hadn't stayed inside. I got a little greedy in the 2017 upswing and couldn't sell my assets, the result for me was to wait 2-3 years.

GreatArkansas

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Quote from: ANSEL_2.0 on April 17, 2022, 04:23:36 AM

This question is for those that are here when bear market of 2018 stormed the crypto space, how doesn't it feel like? All those staking for perceive income makes sense at all? Or returns went so bad and makes staking looks like a bad idea? How does it felt like.

I learned too much from the previous bear market, that's why I am very thankful lately, about how to take profits slowly during the bull run.
It will not always be Christmas in short, it will not always be "UP ONLY". Never marry your altcoins.
Once you experience a bear market, you will regret a lot of things, I admit that especially if you are full of hype or first time to experience it.

hyudien

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What is certain is that there were a lot of trader mentalities at that time who felt the crypto market was over. But in fact the market is naturally like this. This will bring excessive bearish momentum and then lead to a period of intolerable bullrun. So back to the short term or long term trading/investment criteria?

To be honest, most people will be very worried about the momentum of 2018 and don't want it to happen this year. Everyone remains vigilant as no one knows what will happen regarding the state of the crypto market. Always invest with money that you don't need in the near future.

bitkanu

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So you are thinking those stakers were loosing a lot but if they are keep holding their staked tokens until 2021 and they may have been farmed bunch of money for sure. I just wanna say based on the reality if people who still staked during the bearish market are believe with the potential that owned by the token. These kind of investors are not only short term investors but these are long term investors that may hold their tokens for years or even more.
So you can't generalize that if staking at the time will always bring you to the bad result. it's not how crypto market works.

jrrsparkles

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Quote from: ANSEL_2.0 on April 17, 2022, 04:23:36 AM

This question is for those that are here when bear market of 2018 stormed the crypto space, how doesn't it feel like? All those staking for perceive income makes sense at all? Or returns went so bad and makes staking looks like a bad idea? How does it felt like.

If you compare the APY of staking vs growth of altcoins from the last bear market its like 1 and 100 respectively, staking is for passive income and holding is the thing which can bring real returns which means even if you hold $100 at the peak of bear market then it will be over 10 or 20 times atleast in the peak of ATH.

Teraboy

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You forget that we have staking stable token at that time. Mostly people have been converting their assets into the stable token to be used for staking purpose during the big dump that happened. This is the best strategy that already done by so many people to keep get the passive income even when the market is having very bad performance. I think that staking is not always related to the staking altcoins but you have so many choices like staking stable token. People who used this method able to avoid the bearish impact.

|MINER|

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I don't think the 2022 market will be like the 2018 market. But it cannot be said that 2022 and 2023 will be a very good one. In fact, no one can predict the cryptocurrency market. But something can be understood by analysis. Currently Bitcoin is down about 42%. And if so, how much? Even so, we should take prepared for this.

ardydyon

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at that time in 2018 many people may have suffered losses due to the bear market that invaded crypto.
it certainly makes the holders panic and sell assets at a loss. but if they are patient in 2021 they should have experienced a very extraordinary advantage
because in that year the crypto bull market was very high and many made new ath.
I think if we invest in crypto, the point is that we have to be patient, because if we believe in the project or coin that we invest. although someday the bear market will definitely come back bull and make a new ath.
the point is to be patient and choose a coin that really has a good project in the future.

diminizio

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2018 was the saddest bear market and it was my first time facing a bear market when it comes to cryptocurrencies. They said that cryptocurrencies will end soon because the bear market really damaged prices very badly at that time, thinking that cryptocurrencies will end made almost 80% choose to leave cryptocurrencies because they think they are not worth investing in. But we smile again when we know that 2021 we have another upside and cryptocurrencies are still growing well.

TastyChillySauce00

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The bear market in the 2018 was become the worst bearish market that has ever happened before. So many people were feeling frustate with their portfolios. Bitcoin gone down so hard and this is also giving a very big impact to the another altcoin as well. This time bitcoin is far stronger than before and i hope that time will not come again. that's enough for me to see that everything were going down so hard. It's a very bad experience in my life so far with the bearish market.
People who stake their tokens already committed to earn tokens and they were not care about the price

stadus

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Quote from: ANSEL_2.0 on April 17, 2022, 04:23:36 AM

This question is for those that are here when bear market of 2018 stormed the crypto space, how doesn't it feel like? All those staking for perceive income makes sense at all? Or returns went so bad and makes staking looks like a bad idea? How does it felt like.

It was the worst bear market because we were coming from a bull market and I was thinking bitcoin will collapse, but of course, I learn a lot from that situation that's why I don't easily panic now. If we will experience the worse now, I would not be surprised because I believe that it's just part of the market cycle.

last time, bitcoin almost hit $20k but drop $3k, so we are not seeing yet a very low price if we pattern the movement in 2018.

Maestro75

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Maybe I can describe the bear market experience as a third world war like every other finance sectors ganged up to beat cryptos. Cryptos took a severe beating that most us newbies then thought that would be the end of cryptos. If anyone told me then that bitcoin falling from around $19,000 to below $3,200 was going to survive till date I would doubt it. But that is what bitcoin knows how to always do. It survives every beating. It was a horrible experience watching all my altcoins go to zero value. If that situation comes upon us now I will not panic to sell anything because I know bitcoin will survive it again.

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