Topic: Lesson from the prolonged bear market - page 5. (Read 905 times)
It's not the first or the last time that Bitcoin is experiencing difficulties and experienced users know that. I know that many are losing patience waiting for price to go up and market to recover but still I always say that the value of Bitcoin is not only the price and that the true Bitcoin user and beleiver should be able to get the best out of it in any condition on the market. This is the lesson learned, as well as the fact that market is often not playing on our rules.
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.
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?
If our lesson from the market is make profits when it is available there then it will make danger for the cryptos and won't make the bull run to begin at all because people started to dump hard when they are seeing some profits so the prices are not be able to recover from the lower levels.The one lesson we need to learn if the bull run begins,patiennce is the key to get more profits. 
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?
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)
Despair posts mean the bottom is near
Only time will tell
But if the bottom is near, you can (and should) put your money where your mouth is. For example, I short Bitcoin Cash as I expect its price to fall below 50 dollars. This is my target as shorting below makes no sense as the potential profits become not worth it even if this shitcoin goes down to zero in the end (which I don't mind at all). I also have some Bitcoin shorts but these are mostly for hedging, not so much for speculating, apart from making a few bucks now and then. So personally, I'm kinda neutral on Bitcoin price in general
i actually know already, and have good reasons for that, but i am out with explaining these cultists the reality, let them have their hopes, for a while.
the lesson from the moment's bear market that is as long as it is now is that I can know that when the bear market of cryptocurrency can never be profitable, cryptocurrency has two types of real momentum which can provide benefits if it can follow the moment's movements.
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?
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)
Despair posts mean the bottom is near
Only time will tell
But if the bottom is near, you can (and should) put your money where your mouth is. For example, I short Bitcoin Cash as I expect its price to fall below 50 dollars. This is my target as shorting below makes no sense as the potential profits become not worth it even if this shitcoin goes down to zero in the end (which I don't mind at all). I also have some Bitcoin shorts but these are mostly for hedging, not so much for speculating, apart from making a few bucks now and then. So personally, I'm kinda neutral on Bitcoin price in general
In addition to what others has said I think we have to bring reality into our investments. We should invest based on some technical and fundamentals issues and not base on bull and bear.
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?
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)
Despair posts mean the bottom is near
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?
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)
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?
then invest into something else, why are you waiting for more idiots to lose their hard earned money? they will lose with 95% probability anyway
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?
During the peak times of bitcoin we have learned how to "trade" and how it works, all of us became daily traders, we decided we can make money this way, there was a lot of people that went "well if I can make 10% monthly like this I can make a living out of this" and hell I am sure there were plenty of people who quit their job to become full time crypto traders and so forth. But thanks to this lesson from the bear market, all of us learnt what "investment" means and how it works.All of us saw the price drop and some of the people who got in at peak left because they lost money and didn't want to continue but other smart people realized how far can it go down ? We are constantly buying and dropping the dollar average and eventually when bitcoin increases again we will be in profit and making bank.
the bottom is always further than you think---that's the biggest takeaway for me after both the 2014-15 and 2018-19 bear markets. it's because of recency bias. after 2-3 years of raging bull market, it's really hard to switch gears and recognize that sellers are taking over and that you can't just keep "buying the dip".
It is indeed a good choice to buy, but with so long going down, I prefer to be patient and wait. I try to be patient so that in this difficulty I am not wrong in choosing.
Holding and waiting will help you because you can participate in the bull run, but when the surge happens we know it is very quickly and if overnight price rises by couple of thousand dollars and you will think the price are high and will wait again and price may rise again. SO in such cases people lose the opportunity
It doesn't happen all of a sudden
Well, to the majority of people involved with cryptocurrencies it can be this way exactly. But if you are an active and experienced trader, you would recognize the signs of a trend reversal. For example, if trading volume increases without price going lower, it is a sure sign of a future price rise. Just in case, we are far from that, so don't expect a price surge like a couple thousand dollars overnight in the near future. Two hundred will make most people happy now
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?
All of us is experiencing that and it's a lesson to learn that not all is always on the top. Sometimes we need to listen about the news what will be happen in the market so we know what the next step we do.
As for my prerogative to this long termed bear market, I think there's no accurate idea behind in order to recover that easy. Since people now were more prone to panic as these days having lot of struggles, many new traders weren't able to move on yet that's why quick selling are likely to happen. In my opinions, the whales cannot move since other small traders always tend to have a weaker hands
I learnt that I had to decide if I was a trader or investor. Didn't do a very well trying to do both.
That is a choice that everyone must face, just some months ago I was a long term holder of bitcoin and while I still believe in bitcoin the only way to try to improve your profits during this bear market is to become a trader, it is not easy but if I become successful then I know that when the next bull market appears my profits will be way better than whatever I could get now, I am not making huge profits since I am still learning but I am making progress every day. It is indeed a good choice to buy, but with so long going down, I prefer to be patient and wait. I try to be patient so that in this difficulty I am not wrong in choosing.
Holding and waiting will help you because you can participate in the bull run, but when the surge happens we know it is very quickly and if overnight price rises by couple of thousand dollars and you will think the price are high and will wait again and price may rise again. SO in such cases people lose the opportunity.
What you should be really thinking in a bear market like this, assuming that you do believe in bitcoin and have the capability to invest for the long run, should be to load up as much cheap coins as possible through dollar cost averaging, instead of trying to time the bottom absolutely correct and/or panic dumping when others are doing so
I wouldn't advise anyone to do that thing
Dollar cost averaging, averaging down, lowering your entry point or anything to that tune is all about adding to a losing position, by whatever name. I don't know how long this bear market is going to last or how low the prices are going to plummet yet but I'm 100% certain that people who have been averaging down since the 20k levels are not quite happy with the results of their investment decision. So think twice before following advices from random dudes on the Internet like this one
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?
Don't believe in FOMO buying, but don't believe in panic dumping either.
Both of these things are what causes people to lose out on their long term positions, because they are affected by emotions. Look at the fundamentals of bitcoin, it has not changed since the ATH of nearly $20k in 2017, yet people's perception of it are clouded by the fact that the market sentiment is extremely bearish.
What you should be really thinking in a bear market like this, assuming that you do believe in bitcoin and have the capability to invest for the long run, should be to load up as much cheap coins as possible through dollar cost averaging, instead of trying to time the bottom absolutely correct and/or panic dumping when others are doing so.
I already posted what I learned from this bear market.
But what I learned from the previous bear market (my first) was to accumulate instead of selling haha! Classic beginners mistake. In mid-2015 I sold everything I had bought in late 2013 and 2014, and I sold at the bottom of the market in the $200s. Fast forward to 2017 when I saw the price was back over $1000 and the stupidity of what I had done HURT!
It will really bite you in the ass. But nobody is perfect at least you have learn your lessons and not repeat the past mistakes.But what I learned from the previous bear market (my first) was to accumulate instead of selling haha! Classic beginners mistake. In mid-2015 I sold everything I had bought in late 2013 and 2014, and I sold at the bottom of the market in the $200s. Fast forward to 2017 when I saw the price was back over $1000 and the stupidity of what I had done HURT!
Thankfully having been through a bear market before I know to accumulate now and that's what I've been doing. And from my lessons learned this time I know not to trade during the bear market!
See, now you're talking. This is really a perfect opportunity for everyone to accumulate but at the same time have the mental toughness and the courage to just HODL and wait for the right moment to dump your coins. Jump to: