Lesson from the prolonged bear market - page 4.

Wilhelm

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Quote from: gabmen on February 08, 2019, 09:06:52 AM

Quote from: Idrisu on February 08, 2019, 06:28:43 AM

Quote from: Wilhelm on February 06, 2019, 07:38:12 PM

When everyone around me was buying I should have prepared to sell.
Buy back at the bottom.

That has been the way wise traders trade! If you want to invest and make money you are to be selling when others are buying and buying when others are selling. That is one of the greatest lessons I have learned from 2018.

Though it's not that easy to go against the trend since there are also times when it'll produce good results. For me the takeaway is that regardless of what's happening to the market or whatever the trend is, make sure you studied and prepared for what you're going to get yourself into. Most of those that got rekt just jumped into the hype of 2017.

When I mentioned everyone I should have said "regular joe".

Tells:
- If your colleague who has never traded wants to invest.
- Your grandma wants to know what Bitcoin is.
- Everyone around you is talking Bitcoin
- News is all about Bitcoin

There are always traders in Bitcoin but once it gets hyped you should get ready to get out.
Then when there is a $1000 rise a day and you see "Infinite moneyzzz trollfaces" surround you know it's time to sell ;-)

Cherylstar86

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Activity: 1484

Merit: 253

Quote from: mornabo on February 12, 2019, 04:01:36 AM

Quote from: gabmen on February 08, 2019, 09:06:52 AM

Quote from: Idrisu on February 08, 2019, 06:28:43 AM

Quote from: Wilhelm on February 06, 2019, 07:38:12 PM

When everyone around me was buying I should have prepared to sell.
Buy back at the bottom.

That has been the way wise traders trade! If you want to invest and make money you are to be selling when others are buying and buying when others are selling. That is one of the greatest lessons I have learned from 2018.

Though it's not that easy to go against the trend since there are also times when it'll produce good results. For me the takeaway is that regardless of what's happening to the market or whatever the trend is, make sure you studied and prepared for what you're going to get yourself into. Most of those that got rekt just jumped into the hype of 2017.

I think the strategy is not like that forever, especially when the upward trend occurs. Of course many people will buy at that time, and if you don't buy maybe you will be left behind by the train because you just lost the opportunity, like in 2017. buying when many people buy can also be a good thing, thats why you should see more market first

Indeed! Volatility is not something to worry much about because it's part of market growth and in gaining profit. I learned to stay more patient and hopeful that market can potentially recover at the course of time, at the same time being strategic as to what are best actions to take during price fall. I also motivate myself to explore inorder to learn more, to discover more creative ideas, to gain knowledge, experience, and be more productive rather than getting stressed out by taking a look at the current state of the market. At the end of the day, it's all in the mindset and on how we respond with these kind of situations with optimism and humility.

mornabo

hero member

Activity: 1148

Merit: 504

Quote from: gabmen on February 08, 2019, 09:06:52 AM

Quote from: Idrisu on February 08, 2019, 06:28:43 AM

Quote from: Wilhelm on February 06, 2019, 07:38:12 PM

When everyone around me was buying I should have prepared to sell.
Buy back at the bottom.

That has been the way wise traders trade! If you want to invest and make money you are to be selling when others are buying and buying when others are selling. That is one of the greatest lessons I have learned from 2018.

Though it's not that easy to go against the trend since there are also times when it'll produce good results. For me the takeaway is that regardless of what's happening to the market or whatever the trend is, make sure you studied and prepared for what you're going to get yourself into. Most of those that got rekt just jumped into the hype of 2017.

I think the strategy is not like that forever, especially when the upward trend occurs. Of course many people will buy at that time, and if you don't buy maybe you will be left behind by the train because you just lost the opportunity, like in 2017. buying when many people buy can also be a good thing, thats why you should see more market first

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: Febo on February 11, 2019, 10:53:04 AM

Quote from: TIDOVEE on February 04, 2019, 08:28:38 AM

Lesson from the prolonged bear market.

If bottom happened 2 months ago then this bear market was not prolonged. It was almost totally same length as the one in 2014. 13 months. Prolonged bear market would happen if it would last until second half of his year. That would give us bull market to start only at end of 2020.

I don't understand why everybody think we hit the bottom when the technicals are clearly indicating overwise.

At the very least we need to close above $4200-$4400 however best would of been to break the $5800-$6000 resistance which was the support we had last year, then I would agree that the bear market is over. But right now we are still getting failed highs and if the $3200 breaks, then we are definately heading below $3000.

Ararbermas

sr. member

Activity: 2016

Merit: 283

Quote from: ThirdPrize2 on February 04, 2019, 09:48:03 AM

Only invest what you can afford to lose.

true to prevent regrets at the end. Which is always stop assuming also that you can gain more profits if you've enough or if you already achieved your target, must sell off immediately!! 'cause market always suddenly fluctuate without any sign, so be smart to avoid regrets and always make a strategies for the safety of your post.

Febo

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Activity: 2730

Merit: 1288

Quote from: TIDOVEE on February 04, 2019, 08:28:38 AM

Lesson from the prolonged bear market.

If bottom happened 2 months ago then this bear market was not prolonged. It was almost totally same length as the one in 2014. 13 months. Prolonged bear market would happen if it would last until second half of his year. That would give us bull market to start only at end of 2020.

budiarmed

copper member

Activity: 381

Merit: 1

Bulls and bears are just a market movement, and with this long decline I learned to be patient in order to avoid losing.

mostcrack

member

Activity: 548

Merit: 12

the lesson I took from this dump or this bear market. always take the positive side of what's happening. I prefer to use this difficulty to be an opportunity. that is by utilizing market prices that are being dump by investing more. because I believe, that from every difficulty we are facing, there must be a good gap for us to take

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: gabmen on February 08, 2019, 09:06:52 AM

Quote from: Idrisu on February 08, 2019, 06:28:43 AM

Quote from: Wilhelm on February 06, 2019, 07:38:12 PM

When everyone around me was buying I should have prepared to sell.
Buy back at the bottom.

That has been the way wise traders trade! If you want to invest and make money you are to be selling when others are buying and buying when others are selling. That is one of the greatest lessons I have learned from 2018.

Though it's not that easy to go against the trend since there are also times when it'll produce good results. For me the takeaway is that regardless of what's happening to the market or whatever the trend is, make sure you studied and prepared for what you're going to get yourself into. Most of those that got rekt just jumped into the hype of 2017.

I'm sure those who got REKT has learn a valuable lessons here. We have seen the bullish trend already, and now this bear market is something new to everyone and those who still thinks that the market can bounce back soon is very wrong and got REKT along the way.

Of course we really need to be prepared because that's what makes the difference here. If you continue to trade with emotions they sooner or later you will be REKT. But if you study and prepared and learn some valuables lesson then, I'm sure there will be a time that you can win in this market.

gabmen

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Activity: 1246

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CryptoTalk.Org - Get Paid for every Post!

Quote from: Idrisu on February 08, 2019, 06:28:43 AM

Quote from: Wilhelm on February 06, 2019, 07:38:12 PM

When everyone around me was buying I should have prepared to sell.
Buy back at the bottom.

That has been the way wise traders trade! If you want to invest and make money you are to be selling when others are buying and buying when others are selling. That is one of the greatest lessons I have learned from 2018.

Though it's not that easy to go against the trend since there are also times when it'll produce good results. For me the takeaway is that regardless of what's happening to the market or whatever the trend is, make sure you studied and prepared for what you're going to get yourself into. Most of those that got rekt just jumped into the hype of 2017.

Slow death

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Activity: 3164

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Leading Crypto Sports Betting & Casino Platform

Quote from: TIDOVEE on February 04, 2019, 08:28:38 AM

Sincerely, it is not so easy with this long time dump/bear market. Long awaiting promises weakens the heart.

Dude, do you know anyone in this world who has a crystal ball capable of seeing the future? because I do not know anyone with a crystal ball who can predict the future, so what they do is called prediction, and this prediction is more likely to be wrong. You should know this before investing your money

Quote from: TIDOVEE on February 04, 2019, 08:28:38 AM

I hope guys have learnt their lessons like when next the bull run appears you take the best opportunity and invest for the raining day.

the current price is $3400 and still is a great opportunity for people to buy and hold for the next 2 to 5 years. The problem is that people want to make quick profits and because of this they enter panic every time the price falls and they get loss

Quote from: TIDOVEE on February 04, 2019, 08:28:38 AM

What's your lesson too?

always rush to buy low and accumulate as much biticoin as you can and hold for the next 2 to 5 years

Idrisu

sr. member

Activity: 924

Merit: 260

Quote from: Wilhelm on February 06, 2019, 07:38:12 PM

When everyone around me was buying I should have prepared to sell.
Buy back at the bottom.

That has been the way wise traders trade! If you want to invest and make money you are to be selling when others are buying and buying when others are selling. That is one of the greatest lessons I have learned from 2018.

Taki

hero member

Activity: 1078

Merit: 514

The only lesson I took is that I need to be less greedy. Why I didn't cash out by 20000 $? Because I thought its not the end and bitcoin will continue to grow. Now I'm trying to set real targets for my coins and I will not skip my chance on the next bull run.

deisik

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Quote from: timerland on February 07, 2019, 02:17:08 PM

The other aspect is probably the FUD that exists in the bear market. BTC is undervalued at the moment yet no one seems to be buying on a large scale, largely because of FUD and market sentiment. IMHO, contrarian investing in these circumstances is works best

I see your point and I can't agree with it

Basically, your whole reasoning implicitly assumes that there exists what is called "fair price". All in all, without this "hidden" assumption you can't say that Bitcoin is either overpriced ("overheated" in your terms) or undervalued (or even "at the money"). And this is the part with which I strongly disagree. There is no fair price for a speculative asset (to make things easier you can think that it is at 0), and in this way you can't really say if Bitcoin (or any other cryptocurrency) is in fact overpriced or undervalued

Technically, it is just a random walk. The price can be 10k today and in hindsight we can think of it as a low price if Bitcoin rises to 20k tomorrow, and that would be a valid assumption. On the other hand, if Bitcoin falls to 5k in a week, then Bitcoin at 10k will turn out to be overpriced. And that would be a valid assumption too. The bottom line is that the price is a random value (from a fair price paradigm point of view)

exstasie

legendary

Activity: 1806

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Quote from: timerland on February 07, 2019, 02:17:08 PM

BTC is undervalued at the moment yet no one seems to be buying on a large scale, largely because of FUD and market sentiment. IMHO, contrarian investing in these circumstances is works best.

FUD isn't a major factor. It just takes time for these cycles to play out. 2017 brought in a lot of new investors, especially retail buyers who thought they would get rich quick.

Smart money (including institutions) on the other hand = patient money. Patient traders make their money from impatient traders. Smart money is never in a rush to pump anyone's bags and doesn't chase price. They wait for the impatient weak hands to flush themselves out of the market. Once they have, there is much less overhead supply on the market = time for a bull market to begin.

timerland

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Activity: 1526

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Quote from: TIDOVEE on February 04, 2019, 08:28:38 AM

Sincerely, it is not so easy with this long time dump/bear market. Long awaiting promises weakens the heart. I hope guys have learnt their lessons like when next the bull run appears you take the best opportunity and invest for the raining day. What's your lesson too?

There are probably two aspects of the bear markets that need to be considered.

One is the fact that a lot of the people invested at a stage where the market was completely overheated, out of the fear of missing out. I think that is an important lesson, as a lot of the times the value of an asset will be overpriced and will come down eventually. Never invest out of the fear of missing out. And with that, you should also never invest with funds that you're going to need in the near future. There are people who are actually not doing too bad in this bear market, because even though they may be losing money now, they still have the financial capacity to hold onto their positions for the long run and break even and even make a profit when the next bull market hits. But if you invest, and you need those funds in the very near future, that gives you no flexibility or room to work with.

The other aspect is probably the FUD that exists in the bear market. BTC is undervalued at the moment yet no one seems to be buying on a large scale, largely because of FUD and market sentiment. IMHO, contrarian investing in these circumstances is works best.

KingScorpio

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Activity: 1470

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Quote from: exstasie on February 06, 2019, 03:04:46 PM

Quote from: deisik on February 06, 2019, 05:44:08 AM

Quote from: KingScorpio on February 06, 2019, 02:06:34 AM

then invest into something else, why are you waiting for more idiots to lose their hard earned money? they will lose with 95% proability anyway

Merited this post for its excruciating truthfulness and authenticity

Though there is already a topic named appropriately, i.e. "Are long-term holders idiots?" (or something to that tune). Bitcoin has been steadily spiraling down for over a year already but people still believe in miracles. I know we kinda had already been there in 2014-2015, but it is only a seeming similarity as the market back then was totally different from the market today. Basically, Mt. Gox was a false start, but what we see today is a genuine downfall, carnage, bloodbath and rude awakening (you name it)

It's funny, the bulls used to say "the 2014 crash can't happen again, it was because of Gox. The market is totally different now." They were completely wrong. Now bears are trying to turn the tables and similarly deny that the market is cyclical.

its actually not just bulls and bears. its also about

interpretational sovereignty

when the entire market crashes the interpretational sovereignty

will be redifined.

Wilhelm

legendary

Activity: 1652

Merit: 1265

When everyone around me was buying I should have prepared to sell.
Buy back at the bottom.

Vness10

member

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Merit: 10

We have many things that lesson to learn in crypto especially when the market is in bearish. First is being greedy, second being unpatience there so many things that we learn in crypto it's up to us how to adopt and how to use in proper.

2chase

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For me, the most obvious lessons that I learned from the events of 2018. became the next - never try to buy at the bottom and do not try to sell at the very peak. If I followed this rule, I would probably lose much less money than it happened to me. In other words - do not be too greedy.

Topic: Lesson from the prolonged bear market - page 4. (Read 905 times)