How was last crypto bear market - page 9.

Cryptock

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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.

The 2018 cryptocurrency market cannot be compared to the current situation. Over the past few years, capitalization has increased enormously and the market has stabilized strongly. The 2018 bear market was much more brutal, at least at the beginning of the year. At the moment, everything is a lot milder because we have many more big players in the market like Tesla and Microstrategy. I think the current bear market will be much smoother and shorter.

Reid

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Anything in cryptospace that includes investing was a bad idea back then. Grin

It's all FUD north and south and you will have a hard time to buy anything, what more with staking. It took a year before it became a normal volatile movement again, it's too stagnant that you will doubt anything even trading.
Another impact of that slow straight movement was the urge to look for new projects. I doubt something survived that was released on that time.

TheGreatPython

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

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.

Being greedy is a normal thing for humans and you are not the only one that missed the selling opportunity so don't down yourself too much. If you have only waited for one more year, it would be a blessing in disguise because on the year 2021, there was a new bull run that comes. You could have earned better than the 2017 bull but it's nice to hear that you are still profitable despite what happened.

It's only not acceptable if you have sold at a loss. Op ask if how does a bear feel. I would be lying if I say that it feels so good. Common sense op, bear means prices are falling down. It feels really bad when your in this situation.

Questat

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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 feel bad remembering that time, the day was crypto is in doomed and many people become hopeless. But I was then feeling regrets for not thinking about the future of crypto as I was influenced by my emotions and selling my asset rather than buying more.

However, I wasn't going to compare it now. The market even looks better even during the bear season as prices never are that bad and worse trend than before. Honestly, I was glad to see the changes.

someone703

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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.

Strategies in a bear market need to be really clear. If you are just looking at the trends that are taking place, and they are almost dead products, the risk of the investment is inevitable. Personally, when I was going through 2018-2019, I also made a lot of mistakes when I only looked at others to make decisions without researching and evaluating them myself. So I think newcomers always need to improve their knowledge of the market to be able to adapt to the daily changes. At this stage, I think staking stablecoins also brings good returns for the investment.

SaveOurSea

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2017 Bitcoin experienced a Fomo and there was a Pump from $ 1000 to $ 20000 more,
of course it was a great achievement of Bitcoin, but unfortunately many people bought at the price of $ 20000 and that was the peak,
2018 Bitcoin experienced a tragic dump, many holders who feeling frustrated and not strong.

Cryptmuster

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Quote from: GreatArkansas on April 17, 2022, 09:50:00 AM

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.

Knowledge is gained only from bitter experience, I also had a chance to conduct a bear market with some alts, I will not make such a mistake again. As soon as I see signs that the market is going down, I go into stablecoins, this always works well for me, because I can always buy at a lower price later. Do not be greedy, do not believe in one coin, and not wait for it to make you rich, these are all illusions. Take profits when you have the opportunity to do so, and a bear market will always provide you with great earning opportunities when you have stablecoins available.

Mr.sprin

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hopefully the experience in 2018 will not repeat itself lately crypto is getting better, we hope that in the future crypto will be even better and can be accepted all over the world, amen.

indo1

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a very bad experience considering what happened in 2018, as if I was facing a bear market for the first time of course I panicked and couldn't make decisions properly, I almost left cryptocurrency, but I think here is my path, I finally survived until now it feels relaxed facing the current bear market. even I think they are quite ready to face the bear market, this year's panic with 2018 is very different.

shinratensei_

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Just like this time when bitcoin is dropping a lot from 60k to the 33k drastically. The same story may come again when bitcoin will be going down so fast. People are selling more and more bitcoin and panic sellers will be following it. This time bitcoin gets another dump again which was a very bad for the crypto market. In my opinion that if altcoins must leave from the bitcoin domination and stand by itself but it's quite impossible to do that. Staking was profitable when you are not care so much about the price in fiat value.
You will be earning more tokens instead of fiat money.

danherbias07

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November 2018 - April 2019 precisely was the time when FUD was raining down as if it will never end.
You will feel dreadful to the point of selling out because of the negativity being fed all over the internet and that includes social media and streamers.
I had to sell some Bitcoin back then to pay for bills even though it was against my will. If you need it, sell it and just get over it. But it does hurt. Cheesy

That includes other coins that I pulled out because I don't want to sell that much of my Bitcoin with high expectation for a bull to happen.

5W-KILO

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Quote from: mindrust on April 17, 2022, 05:07:29 AM

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 went down first. Then it went up. Everybody thought the bear market was over and then it went down again. Then it went sideways for a long time. People thought again, the bear market should be over by now and it went down even more. Then it went up and passed the last ATH.

^Basically every bear market there is in history^

I don't think this bear market is going to be an exception.

Isn't this already happening right now? Slowly the bears are gaining power and you can see that BTC loses is strength over time, ETH is back under 3000$, my chart says we are heading for a new bear market but I have confidence because of mass adoption rate, whales and millionaires around the world are taking advantage of every dips, which is a good thing.

Innerpumper

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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.

What I felt when 2018 was very bad, I really believe in those who think that this condition is the end of the cryptocurrency market. I withdrew all my existing assets in the market with a fairly high minus, after that started looking for a new job, but sadly everything they say that bitcoin is doomed is just a thing to be used to scare. They are very lucky to get cheap prices, whereas we have to sell cheap. it was the first and last time I wanted to experience it, I don't want this to happen again in the future.

Blowon

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The bear market that I am currently facing is not as bad as it seems, even though the price cannot fly high, at least the trust of the people and the cryptocurrency community has increased quite high compared to the bear market in 2018. Even though after 2018 we are back facing a bear market as it is today, it does not make us afraid of losing. cryptocurrencies forever, because we believe cryptocurrencies can continue to grow under negative market pressures, this has been proven in the past few years.

Psynthax

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Bear market was a very bad thing for sure. Full with FUD, FEAR, PANIC sell , DUMP everywhere. the last time i have seen that bunch of FUD happened to the market at the same time. I hope that time will never come back again soon. this makes so many newbies are feeling distrust with the crypto market. They are feeling that if the whales are only eating their money. This is the worst time to think about that. The last time of big bearish market was around first quarter of 2020.
We will not see that again soon.

sayaya17

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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.

Of course, the bear market experience that occurred in 2018 will not be forgotten, because at that time I had no experience in the crypto world.
So the drastic price drop when it made me panic and stressed, imagine the assets that I own the estimate drops very much. Especially when I used
capital from a bank loan, you can imagine how scary it was at that time. But slowly I started to understand how the crypto world works, so if this year
there is another bear market like in 2018, I'm much more ready to face it. Although I'm pretty sure what happened in 2018 won't happen again this year,
because many institutions have started to enter the crypto world, this makes the market less volatile as happened in 2018. My advice if there is
a bear market, don't panic, all we need to do is stay calm and just hold the potential coins we have. Don't even think about selling the coins we have
at a low price, I even suggest buying more potential coins during a bear market. So if the bull market finally comes, we can make big profits.

7788bitcoin

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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.

Majority of the shit projects also allows staking options, so if you are planning to invest in a project you need to think about the long term feasibility and how long they will built the project and if you think that the project will survive for the next 5 years then you can invest in them and start staking them. It has its own risk and whatever you do follow the project updates all the time.

Scripture

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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.

That was one of my worst experience but I’ve learned a lot from it and what I did in the last dumped I was able to buy at the bottom because I already have the knowledge on what to do if the market crashes again. If you see dumped price, that can be a good opportunity to buy so don’t panic and stay focus on your goal because the market will always rise especially with Bitcoin and good altcoins.

Cadaver20

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Looking at the bear market of 2018, it seemed that there would never be a bull run in the market again. I remember that I sold 1 ETH for $88.
OP has highlighted staking in his question. Those who staked at that time were definitely at a loss but those who staked and forgot about it. And those who forgot have now made huge profit.

X-ray

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that's the horrible moment in my life. I thought that if i will be loosing everything caused by that. I were holding so many altcoins. that makes me feel that if i need even to stay away from the crypto from sometimes until the market will recover again.
That's the worst experience in my life. The crypto bearish market was really affecting people's mentalism when it came to the big bearish trend and this is also destroying so many people in the market.
I remember that so well when that happened.

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