Topic: Lesson from bear market - page 39. (Read 23489 times)
I came to the market for the first time and I was engaged in bounty work. With the accumulation, my wallet saved a lot of tokens. With the continuation of the bear market, my wallet is bleeding every day. I feel that my patience has been ruined!
If the current trend is the same as what happened in 2014 then it will sink even lower. But that was a long time ago, and history doesn't always repeat itself
Bear market gives a lot of lessons. everyone has their own lessons.
It seems to me important to say that in a bear market it is necessary to turn off such emotions as hope,
I mean hope that the market will soon turn around and everything will be fine. I think hope is a very bad helper for a trader.
It seems to me important to say that in a bear market it is necessary to turn off such emotions as hope,
I mean hope that the market will soon turn around and everything will be fine. I think hope is a very bad helper for a trader.
All those who lost 80-90% of their investments didn't follow and don't follow the strategy. It's necessary to hold 70-80% in bitcoin and Fiat (in extreme cases in the USDT or other stable coins) , and only 20% to invest in altcoins. It will be possible to change this proportion only when there will be a season of altcoins growth, but now I observe , generally , falling or flat.
Being in cryptocurrency world means we need to keep our eyes and ears open, cause information about cryptocurrency could came from anywhere and those information could possibly affect the current market condition of cryptocurrency.
but not all of the information is valid about the truth of what was said, sometimes many false issues are made to panic investors, and the news cannot be used as a benchmark for market price movements. because almost all of them are affected by demand and supply
I believe people have never been caught up like they are this time and this is as a result of the last Bullrun. In my opinion, people should quit checking their portfolio now as 80% loss is too much to bear.
Yes this bear market give me the lesson for doing daily trading sometimes just little bit less risky rather than only hodl for a long time. To be honest this market condition are not good enough for us, but I still believe there some people are making money from this bear market.
Yes, this market has broken many hopes, many of my friends are frustrated with cryptocurrency and have lost almost all their money.
Maybe because, they enter the wrong time and that is when the market still high? I know a lot of people got hyped during last year bull run, and purchase many coins/tokens that thought to give income, but the reverse happens, instead of generating funds they loss at such amount of investment. That's unfortunate, but that's reality. If you're not careful enough then you will end up losing in cryptocurrency investment.
Being in cryptocurrency world means we need to keep our eyes and ears open, cause information about cryptocurrency could came from anywhere and those information could possibly affect the current market condition of cryptocurrency.
Lesson you can learn from bear market is that you can still earn money even if the market is moving sideways and it is not the best decision to hold your coin all the time, you have to know when to sell or take profit and buyback later. It is better to cut loss and move your money somewhere else rather than down a lot and you're stuck for a long time.
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.
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.
Every day I see people say " Don't give up " but I believe solutions is needed, what should we do next?. In this situation people don't have much choice, keep hold and try alternative income out side crypto market, cut loss all activity and get out or complaint every day in their social media. For me ( because my asset stuck in big number ) I chose number one option, meaning start again from beginning. Not easy but my future in my hand, you?
I think the bearish market is an excellent opportunity for new investors to get in.
in crypto, everything needs a process. When finding the market in bad condition so reasonable and don't get too panicked will it. the current bear market still going on and somehow up to when this happened. When the only hope the instant without crypto steeped, then the result is lots of people go with despair.
I am sure that the experience we have gained this year is invaluable and will repeatedly save our financial position in the future. I lost a lot of money in a bear market and the next time my tactics in a falling market will be completely different.
I guess everyone has the resolve to learn from the previous experience they had on the market but what worse is we cannot experience the bull again because everyone are being cautious now. Once, an incoming bull run approach everyone mind might dump it upon peak of the situation so there is no assurance it will continue to go faster. Anyway we will see.
Yes, this market has broken many hopes, many of my friends are frustrated with cryptocurrency and have lost almost all their money.
The most important lessons that exist today, they are all described already in our forum, although not in the form we would like, but here we must understand that there is a need for logical thinking.
I am sure that the experience we have gained this year is invaluable and will repeatedly save our financial position in the future. I lost a lot of money in a bear market and the next time my tactics in a falling market will be completely different.
We should be ready for anything to happen here, everything can happen surprisingly. Getting profit or loss is something unpredictable, so don't expect too much but don't take a decision in a panic also. Before deciding a decision, make sure that we have considered all of the possibility that may happen.
My lesson is, of course, a new vision of the market and an understanding of how the big players manipulating it. During this year I began to understand when I need to buy and when to sell. Now my understanding comes from inside!
Yes, you need to be prepared for the worst scenario, but I think we already found our bottom and there is a strong support at 6000$. That's why now I'm waiting for recover. I hope we will see positive results this year already.
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