The main lesson for me is not holding junk assets, like shit coins.
On a dropping market those are losing value faster than fundamental assets like bitcoin and ethereum, ripple
Topic: Lesson from bear market - page 35. (Read 23465 times)
In the cryptocurrency market, you can expect anything, so you just need to be prepared for any situations, but believe in a positive outcome!
I think that people who had experience in trading probably knew that behind such an impressive growth there would be a huge correction and they were able to significantly increase the volumes of their crypto portfolios. I will be ready next time and will definitely not miss my chance.
You're probably talking about newbies. Because experienced investors before investing their money study the market and the coin. The fact that the bear market will capture cryptocurrency for a long time was clear, just as it was in 2014 and now the situation is repeated. Therefore, those who bought coins at a high price, it remains to wait for the new bull run.
Bear maket gave market participants different knowledge. The most important of them - in any case, you need to maintain patience, do not rush to hasty decisions. After all, now the sale of their cryptocurrency involves large financial losses. Therefore, it is better to continue to hold and wait for growth to recover next year.
The best valuable lesson I learned from the bear market happened in 2018 is always save money earned and don't waste it because I don't know the variable of cryptocurrency market. It bumps and dumps continuously. Therefore, if you have profit in cryptos, please create detail plan for using it, avoid wasting money.
You are right, you need to have a plan for how to act in this or that situation, and also have a supply of fiat money, because the crypto-currency market is very unstable and unpredictable. I had to look for work, although before that the only source of income was a crypto-currency, now I will only combine work and crypto.I have a similar situation. I was not ready that the market would fall all year. This is my first such experience and I now regret that I did not sell all my altcoins in time. I will keep my altcoins that I have left and I hope that sometime they will give me a good profit.
I believe that the current bear market really gave me important and useful knowledge for more successful work in the future. Yes, the situation may worsen. But in any case, the crypto market will regain its growth, this is an indisputable statement. Most likely, we will see the first prerequisites for the restoration of the former positions already from the middle of next year.
Cryptography, patience and the ability to expect these words are synonyms, now everyone is losing in this market, and I think the best decision to make now is to keep our coin for a long time.
It is important to be conscious that in crypto anything could happen so we don't get caught up in it.Crypto is full of up and down.
It is also important to believe that the market will start to grow upwards. However, this can happen after a very long time.
The best valuable lesson I learned from the bear market happened in 2018 is always save money earned and don't waste it because I don't know the variable of cryptocurrency market. It bumps and dumps continuously. Therefore, if you have profit in cryptos, please create detail plan for using it, avoid wasting money.
You are right, you need to have a plan for how to act in this or that situation, and also have a supply of fiat money, because the crypto-currency market is very unstable and unpredictable. I had to look for work, although before that the only source of income was a crypto-currency, now I will only combine work and crypto.I have a similar situation. I was not ready that the market would fall all year. This is my first such experience and I now regret that I did not sell all my altcoins in time. I will keep my altcoins that I have left and I hope that sometime they will give me a good profit.
The best valuable lesson I learned from the bear market happened in 2018 is always save money earned and don't waste it because I don't know the variable of cryptocurrency market. It bumps and dumps continuously. Therefore, if you have profit in cryptos, please create detail plan for using it, avoid wasting money.
You are right, you need to have a plan for how to act in this or that situation, and also have a supply of fiat money, because the crypto-currency market is very unstable and unpredictable. I had to look for work, although before that the only source of income was a crypto-currency, now I will only combine work and crypto.I have a similar situation. I was not ready that the market would fall all year. This is my first such experience and I now regret that I did not sell all my altcoins in time. I will keep my altcoins that I have left and I hope that sometime they will give me a good profit.
I agree do not need to relax , and use the strategy to keep, you need to adjust to the market every time a new strategy, now I think to sell of course not necessary but in the future I think it will be a lesson for everyone
I agree with the first statement. You should be ready for everything. But the second one is incorrect. Past experience is very important, we shouldn't do the same mistakes like in the past.
I also think that basing your decisions on past experience would be quite problematic in such an unstable market, as we can see prices change quickly from one day to the next, i think everything can and will happen now, that's why the historical graphs on which many people base their predictions are useless.
The best valuable lesson I learned from the bear market happened in 2018 is always save money earned and don't waste it because I don't know the variable of cryptocurrency market. It bumps and dumps continuously. Therefore, if you have profit in cryptos, please create detail plan for using it, avoid wasting money.
You are right, you need to have a plan for how to act in this or that situation, and also have a supply of fiat money, because the crypto-currency market is very unstable and unpredictable. I had to look for work, although before that the only source of income was a crypto-currency, now I will only combine work and crypto.
Never panic sell and everything will be great. Due to the market conditions, it is not simple to let your deposit in calm and to not worry about your coins, but we should act like this, otherwise we will lose a lot of money.
The best valuable lesson I learned from the bear market happened in 2018 is always save money earned and don't waste it because I don't know the variable of cryptocurrency market. It bumps and dumps continuously. Therefore, if you have profit in cryptos, please create detail plan for using it, avoid wasting money.
And I don’t even see any point in selling coins now or even when they fall in price even more, even when the portfolio’s decline reaches 90%, there’s no point in selling something
Waiting until the market is stable again would be the best thing especially in such a hard bear market. Besides, we should invest only what we can afford to lose, but never invest in something we don’t understand.
It is better to just HODL while the market is not yet stable and is in bear market then buy some extra bitcoin for additional profits since the prices are too cheap and is getting down. Don't worry about the drop of price this is how the market works, it is either rise or fall. So, it is better to just take the opportunity that is given already during bearish market. BE PREPARED FOR THE WORST: In this bear market,I have learnt that the worst could happen,so we should always prepare for the worst.Many have lost up to 80% of their portfolio to this bear market because they are not expecting the worst to happen,unfortunately,they are caught up in it.If they had prepare for the worst,they could have done something about their portfolio at the beginning of the bear market.
DECISION BASED ON PAST EXPERIENCE MAY NEVER BE THE RIGHT ONE:It may be risky to base your decision on assumption.At the beginning of this bear market,there was a lot of assumption,many so sure that before we close our eyes and open,bull run will be here.Nobody ever expect the bear market to be this long,so, many decision made base on this assumptions as lead to frustration today.
In crypto,today you are up and tomorrow you are down.
To those caught up in it,you can only hope for the best,don’t give up.
thanks for this essential findings! i do like the way you express your wishes, especially about not giving up and i am totally agree here. the market is indeed unpredictable and we should be prepared for everything DECISION BASED ON PAST EXPERIENCE MAY NEVER BE THE RIGHT ONE:It may be risky to base your decision on assumption.At the beginning of this bear market,there was a lot of assumption,many so sure that before we close our eyes and open,bull run will be here.Nobody ever expect the bear market to be this long,so, many decision made base on this assumptions as lead to frustration today.
In crypto,today you are up and tomorrow you are down.
To those caught up in it,you can only hope for the best,don’t give up.
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