Lesson from the prolonged bear market - page 6.

Barbut

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Quote from: joshy23 on February 05, 2019, 09:58:38 AM

Quote from: Dreamchaser21 on February 05, 2019, 09:27:22 AM

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?

The good lesson I’ve got during this bear market is that, to have more patience and try not to panic. Bear market is still strong and we might still see another dump but again patience can make you more comfortable about your investment, so learn from this trend now.

Learn and start to adopt whatever the trend is going, you need to practice and you need to protect your money, this prolong bearish is really
hard to assess so better to keep your asset safe and aimed for long term instead of keep doing the trade without any assurance that you'll
going to get a good results.

Can we be honest and say how long awaiting that really is? Like I`m waiting couple months and it`s very long? Even in bullish market you need to have patience, if you sell with first rise you will not have nothing to sell when new all times high comes, patience is the key in bearish and bullish market. Lesson learned is that you need to be ready for next big rise, how else to be ready and prepared if not to have as many coins as you can, it`s how I see the things around, and it`s what I `m trying to do with cryptocurrencies.

thecodebear

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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!

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!

aris av

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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.

joshy23

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Quote from: Dreamchaser21 on February 05, 2019, 09:27:22 AM

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?

The good lesson I’ve got during this bear market is that, to have more patience and try not to panic. Bear market is still strong and we might still see another dump but again patience can make you more comfortable about your investment, so learn from this trend now.

Learn and start to adopt whatever the trend is going, you need to practice and you need to protect your money, this prolong bearish is really
hard to assess so better to keep your asset safe and aimed for long term instead of keep doing the trade without any assurance that you'll
going to get a good results.

Dreamchaser21

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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?

The good lesson I’ve got during this bear market is that, to have more patience and try not to panic. Bear market is still strong and we might still see another dump but again patience can make you more comfortable about your investment, so learn from this trend now.

ryap12

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Quote from: Magkirap on February 05, 2019, 08:24:31 AM

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?

Its hard to earn in this bear market and all of us start losing hope because of the falling market. One of my lesson in this kind of market is you need to sell your tokens or coins in the right time and once you see its the right time you need to sell it out before you regret that you did not sell it.

What I have learned:

RECEIVING NEW COINS/TOKENS FROM AIRDROP/BOUNTY - SOLD THEM RIGHT AWAY WHILE PRICE IS HIGH AND RE-BUY ONCE PRICE LOWERS.
TRADING - NEVER STICK TO ONE PAIR WHEN TRADING. CHANCES OF GETTING YOUR TRADING STUCK IS HIGHER THAN YOUR EXPECT.
AIRDROP - PARTICIPATE IN EVERY AIRDROP AS YOU MIGHT ACCIDENTALLY JOIN A HYDRO 2.0 AIRDROP
BOUNTY - ALWAYS CHECK THE TEAM, WEBSITE, PROJECT AND BOUNTY MANAGER TO AVOID FRAUD OR SCAMS. WASTE OF TIME IF UNLUCKY.
USE STABLE COIN/TOKEN WHENEVER A PRICE SPECULATION OF GOING DOWN.

Magkirap

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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?

Its hard to earn in this bear market and all of us start losing hope because of the falling market. One of my lesson in this kind of market is you need to sell your tokens or coins in the right time and once you see its the right time you need to sell it out before you regret that you did not sell it.

deisik

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Quote from: exstasie on February 05, 2019, 06:17:00 AM

Quote from: deisik on February 05, 2019, 06:02:05 AM

Quote from: dothebeats on February 04, 2019, 09:45:49 PM

Also, it's better to buy in and average down the prices while you can as it will help you get a better and lower entry point, thus helping you get better profit margins

I can't possibly agree with this approach

And this is likely another lesson that everyone should learn. There is a time-tested and age-old trading wisdom which says to never add to a losing position, and this is exactly what averaging down amounts to.

I'm with you. Among conventional traders, averaging down into a losing position is considered horrible form. It ignores risk management and is the quintessential example of letting losses run

And it is not only that

Existentially, it just shows that you don't know what you are doing (or whoever is employing this approach in practice). Because if you did, you would be either waiting patiently till the price hit the bottom or shorted the downtrend with balls to the wall. If anything, it makes sense to sell first and then buy back into a lower price, and that would lower your entry point in a less risky manner as well (actually, in a much better manner)

To sum it up, if you can’t take a small loss, sooner or later you will have to take the mother of all losses. And averaging down will make your pain only worse

exstasie

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Quote from: deisik on February 05, 2019, 06:02:05 AM

Quote from: dothebeats on February 04, 2019, 09:45:49 PM

Also, it's better to buy in and average down the prices while you can as it will help you get a better and lower entry point, thus helping you get better profit margins

I can't possibly agree with this approach

And this is likely another lesson that everyone should learn. There is a time-tested and age-old trading wisdom which says to never add to a losing position, and this is exactly what averaging down amounts to.

I'm with you. Among conventional traders, averaging down into a losing position is considered horrible form. It ignores risk management and is the quintessential example of letting losses run.

I'm bullish on Bitcoin long term, but I still think Bitcoin investors who average down are pretty crazy. I'd much rather wait for an obvious long term bottom than buy dip after dip after dip and then baghold.

deisik

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Quote from: dothebeats on February 04, 2019, 09:45:49 PM

Also, it's better to buy in and average down the prices while you can as it will help you get a better and lower entry point, thus helping you get better profit margins

I can't possibly agree with this approach

And this is likely another lesson that everyone should learn. There is a time-tested and age-old trading wisdom which says to never add to a losing position, and this is exactly what averaging down amounts to. You do lower your breakeven point, that's true, but you do that in exchange for more exposure to a future price fall when it comes about. Now imagine the losses that people would have accumulated by now if they actually had been averaging down from the top at 20k. In short, it is a losing strategy, quite similar to martingale in gambling

Naida_BR

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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?

What I learned in this prolonged bear market is that never hear what others say. I understood that is a lot of people in forums, twitter, youtube that promote some coins for their own benefit. They don't have any special sign, they just try to pump the price in order they will be able to sell at a higher price than they bought.

I started to realize that when I learnt how to interpret Graphs and evaluate them based on historical data.

Kemarit

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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?

Majority of members here hasn't seen the bear market, because for sure most of them joined in 2017 wherein they thought that the price could go on parabolic rise, so that's the first lesson to be learn here. And this market works in cycle, so you also need to book profits and learn how to adjust your trading plans. Be flexible, don't listen to those so-called experts, and lastly learn how to save in the long run. As I have said, every year is not always bullish so at least step aside some profits so that you won't get burned in this market easily.

davis196

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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?

I've learned most of my lessons back in 2017,when I sold lots of BTC during the spring at 2-3K USD,and 7 months later,the price went thru the roof.That's why I'm a fanatic HODLer now. Grin

Last year wasn't very important for btc.It wasn't important for me as well.

figmentofmyass

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Quote from: thecodebear on February 04, 2019, 08:42:43 PM

I learned don't try to trade during a bear market - i lost of lot of money I had made in 2017!!

money is definitely easier to make in a bull market. everything pumps---and quickly too.

during bear markets, it's endless sideways and short-lived crashes. it's important to trade with a bear bias: sell into bounces, short broken support. otherwise your account will see lots of red. even if you do it well, you're constantly paying interest to fund shorts and exposing yourself to exchange risk. and short squeezes are emotionally tormenting too.

i definitely understand people who just walk away from the market when the bear sets in.

romero121

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During the previous prolonged bear market I was using bitcoin, and by that time it didn't looked to be a big thing as now. Because by that time the price was staggering around $1000 and it was the peak value. Beyond that it didn't moved forward, users too didn't consider much about the price. As the price peaked last year the expectation on bitcoin increased drastically and the same has made people think much about the prolonged bear market at the present.

dothebeats

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The lesson everyone should have grasped on this recent bear market is that no one should ever buy when everyone is cheering and celebrating the rewards they've gotten with bitcoin. It should be common knowledge by now that during the phase of hysteria, many people are already considering on selling their coins, so it's best to avoid buying in while everyone else's minds are already on buying out of the trend. Also, it's better to buy in and average down the prices while you can as it will help you get a better and lower entry point, thus helping you get better profit margins.

thecodebear

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I learned don't try to trade during a bear market - i lost of lot of money I had made in 2017!!

I also learned wait for a few months after the bottom seems to be in to start accumulating. Luckily I played that right and even though I thought 6000s was the bottom as it seemed to clearly be the bottom by september/october, I didn't start buying in until after the drop (which i never expected) in november. So i've been buying in since it dropped to the 3000s - but really this was by accident, if I had had money earlier I would have been buying in the 6000s so I got lucky but still learned a lesson despite already "playing it right". And the bottoming out transition phase between bull and bear market is many months long so even if you wait a few months after it seems to have bottomed out to start accumulating, you still have plenty of time to accumulate, so there is no reason to worry about missing the bottom by waiting for a few months to make sure the price is in fact in the bottom range!

figmentofmyass

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Quote from: Daniel91 on February 04, 2019, 10:41:41 AM

In fact, I made several mistakes here.
First, I didn't sell when price was high.
Even worse, I exchanged part of my btc to some other coins.
I also spend some btc when price was low.
To many mistakes but what I can do now?
Just wait, hold and hope the best.
Next time I will be smarter.
Just, I'm worried if will be next time.

this is why so many people end up selling too early during the subsequent bubble. bear market recency bias rules their emotions, so once the price finally recovers, they can't sell fast enough.

i've been there myself. the 2014 bear market (my first) was pretty scarring for my psyche. it took a long time to recover from that and stop letting it affect my trading analysis.

the bear markets impart important lessons about market psychology. learn those lessons, but don't let them turn you into a permabear!

sunsilk

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Lesson of not believing to most of the predictions. We have the freedom to believe them or not although its a good way to encourage yourself when we are still on the bearish trend. Another thing is by being contended od the profit that you had made.

Dont be too greedy and dont you expect that much. It is a waiting game and market is for patient people. It has taught me to increase my patience.

BitHodler

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I can see why it's a difficult time for people hoping to see the market finally recover, but you have to understand and accept that the market isn't moving to favor your positions, especially during a bear market.

Most people only know how to buy in and wait for the price to go up. It worked extremely well back in 2017 and even in the beginning of 2018 for certain altcoins, but the market has obviously changed.

I do regret not having opened a short above $6000 just as a form of insurance would the price tank, and it did. I'm not going to short the current market with how I don't know what the price will do from where we are right now.

At least, I know what to do the next time....

Topic: Lesson from the prolonged bear market - page 6. (Read 905 times)