My advice to you regarding bear markets. - page 9.

Smartvirus

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Quote from: logicrypto_ on October 21, 2022, 08:08:43 AM

As a first post I wanted to try and motivate people in the community. If at least one person will be motivated by this post, it is a win for me!

I have been in the space since 2017 - I wasn't just too bored to write here, since now Grin

- and I have seen a lot of ups and downs from the market all this time.

I saw this and I felt you've been around since 2017 and never made a post, thought it must have been really scary for you not until I checked your profile and noted your space to mean cryptospace and not on the forum as I thought with your account being created dats back. Anyway, your welcome on the forum and I hope to see more of an experience Newbie of you, lol...

Interest in the crypto market often comes with the bull market as everyone hopes to gain something from the pumps but the best way to that gain would have been buying during the bears but, the fud of a crash won't let them. Its just said to have them think this way!

Franctoshi

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I guess the majority of people loosing interest in the market right now are mostly new investors to the space, I was once at the shoes when I newly got into the crypto space, don't know anything about Bitcoin and bought my cryptos at the top of the market and then the market crashed on me, I waited for about six months plus hoping that market was gonna recover, rather we got another leg down, never had about HODL and I sold at huge lost. How I wish I found myself in this Forum then with the information I've gotten now.

Therefore the bottom line is, any investors here loosing hope in the market should HODL to next cycle. The market moves a in cycle, You should get more interested when the space is getting so bored , because this is when there is usually biggest opportunity in the market.

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Cryptocurrency investment is not just to buy any coin but to take your time to seek for the best coins/token so if you wanna investment make your proper research look out for the best coin, maybe top 7 coins which could give you what you want maybe before the bear you would have make out something, then during next you acquired more. Sometimes bitcoin is more much valuable to hold than altcoin and most focused on the areas of either long or short term investment this will help maintain your portfolio.

Angel_gabriel

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Thanks for the advice, howerver, there are some coin who never go back to their all time high. one should be careful of which coin to buy rn

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Quote from: logicrypto_ on October 21, 2022, 08:08:43 AM

As a first post I wanted to try and motivate people in the community. If at least one person will be motivated by this post, it is a win for me!

Clearly, by the LUNA fall and then we are experiencing a bear market. No one can deny that.

I have been in the space since 2017 - I wasn't just too bored to write here, since now Grin

- and I have seen a lot of ups and downs from the market all this time.
It is obvious that people are losing attention when the market is down and they try to grab opportunities from serious even from scam projects during a bull market.

I just want to say to all the members that will read this that a bear market doesn't say anything about your investment. In the long term you are going to reap profits from the coin you have selected, especially if your coin is a well established one with developers with experience and passion for crypto evolvement.

A hint for that is the growth of Bitcoin through the years.

Bitcoin ROI is at 13820.78% right now, cosindering the fact that the price is pretty low right now it can still explode.

Keep accumulating crypto and you will reap the rewards in the future!

Although that there would be uncertainties, empty promises or guarantees about the future price of Bitcoin, it was believed that the best time to accumulate is that when things are going quiet like what we are right now in the bear market.

I do DCA with Bitcoin and recently with Ethereum as long my extra “not beer” money can afford. So yeah I just keep accumulating as much as I can to prepare for the “big rain”.

erep

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Quote from: Coin_trader on October 22, 2022, 03:19:08 AM

Yes, DCA is the right approach on this kind of bear market but the current global economy conditions makes me question whether it’s right to accumulate now or wait for a good buy signal such improvement on global economy. It’s better to minimize loss since you have an edge that price will go up because of fundamental that backing it rather than just hold on the price projection like Bitcoin rainbow chart.

I think DCA is very appropriate for investment choice during bear market, the influence of global economic conditions will not bring down the crypto market even the crypto market has increased during the pandemic where every economy has fallen at that time, so not always other factors can be associated with crypto market conditions, so I prioritize the DCA method during bear markets to accumulate assets in a long-term portfolio.

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Quote from: logicrypto_ on October 21, 2022, 08:08:43 AM

Clearly, by the LUNA fall and then we are experiencing a bear market. No one can deny that.

This really shocked us all. But it also reminds us that no matter how good it is, altcoins are still very risky and have a higher level of risk compared to investing in Bitcoins. There are no altcoins that can guarantee, although that is top altcoins.

Quote from: logicrypto_ on October 21, 2022, 08:08:43 AM

especially if your coin is a well established one with developers with experience and passion for crypto evolvement.

This also doesn't guarantee that a certain project will not fail or scam. One of them is the team LUNA, they are a strong team that includes all professional people inside. They also have experienced, but after one thing, they failed at.

Quote from: logicrypto_ on October 21, 2022, 08:08:43 AM

Bitcoin ROI is at 13820.78% right now, cosindering the fact that the price is pretty low right now it can still explode.

Bitcoin is the most promising crypto investment for the future, especially if we meet the Bullrun after buying them in this kind of bear run. No matter what, Bitcoin is still the worthiest, although this also still has risks.

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Quote from: Sanitough on October 26, 2022, 04:45:13 PM

My best advice is to never be afraid of taking risks. Even if the market is in a bearish condition, that won’t stay forever. As they’ve said, there’s always a rainbow after the rain. So never stop accumulating bitcoin especially when the price drops more, as the more you have bitcoin, the higher the profits you will achieve.

Being afraid is human nature. Sometimes, it is unavoidable.
We know that investing in crypto coins has a big risk because of their volatility. And there is no guarantee of profits although we choose the top coins. It is not only about confidence or bravery, but how we have sufficient knowledge and experience. I agree that we must be optimistic and never feel worried to buy more when there is a big decrease in crypto prices. However, we don't know when the next pump/big raise. Also, we are sometimes afraid that after we bought coins, the prices are getting drop more.

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Quote from: BIT-BENDER on October 26, 2022, 03:29:56 PM

Quote from: logicrypto_ on October 21, 2022, 08:08:43 AM

Keep accumulating crypto and you will reap the rewards in the future!

Is this a financial advice? I personally think it should not be, because this is part of the reasons we have many people running away from crypto-currency claiming that it's a scam or a financial trap that only extort them of their capital.
I don't tell people to accumulate crypto-currency all because they want fast earning or they want to get faster and better returns on investment.
Rather I advice then to accumulate more Bitcoin because it has more potential in terms of helping with all of the financial issues that has come to be a tradition using Fiat.

Altcoins are good investments too but they are only good for short term profitability, so if you are looking for long term profitability that will make your future brighter, then stick to bitcoin which is the most prominent coin in the market. History has proven it more safe and secured despite of the uncertain and unpredictable market.

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Quote from: Crypt0Gore on October 22, 2022, 07:23:23 AM

The bear market is where the real crypto money can be made, either BTC bottom is in or not you have nothing to worry about if you are using the DCA technique

Not all altcoins deserve your money, most have no potential and they did well in the last bull season because of hype, be careful when choosing altcoins.

I believe that Metaverse and Play to earn still have some role to play in crypto space coming years, so much hype around this use cases.

Unfortunately, this is the part people forget so easily, they would prefer to ride the market instead of buying now that there is a bear market, the fumbling part I do see and hear from investors is that they are still waiting for the bottom, they feel that the bottom isn't in yet and that will be how they will all miss the entire opportunity while waiting for the opportunity that may not come.
DCA is the best for anyone who is doubtful about the state of bitcoin, buy little sats by sats, you have nothing to lose at the end even if it dumps further, it is safer to have a sats at some fair price than never having anything at all, they most likely end up buying at a new time high and cry that crypto is not good for them.

Sanitough

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Quote from: logicrypto_ on October 21, 2022, 08:08:43 AM

As a first post I wanted to try and motivate people in the community. If at least one person will be motivated by this post, it is a win for me!

Clearly, by the LUNA fall and then we are experiencing a bear market. No one can deny that.

I have been in the space since 2017 - I wasn't just too bored to write here, since now Grin

- and I have seen a lot of ups and downs from the market all this time.
It is obvious that people are losing attention when the market is down and they try to grab opportunities from serious even from scam projects during a bull market.

I just want to say to all the members that will read this that a bear market doesn't say anything about your investment. In the long term you are going to reap profits from the coin you have selected, especially if your coin is a well established one with developers with experience and passion for crypto evolvement.

A hint for that is the growth of Bitcoin through the years.

Bitcoin ROI is at 13820.78% right now, cosindering the fact that the price is pretty low right now it can still explode.

Keep accumulating crypto and you will reap the rewards in the future!

My best advice is to never be afraid of taking risks. Even if the market is in a bearish condition, that won’t stay forever. As they’ve said, there’s always a rainbow after the rain. So never stop accumulating bitcoin especially when the price drops more, as the more you have bitcoin, the higher the profits you will achieve. Also, always have a positive mindset because that will be a great motivation to keep you going.

Finestream

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Quote from: cryptoaddictchie on October 21, 2022, 12:09:54 PM

Same advise but it totally depend on someone apetite for risk. There are some investors who are soft hearted when they saw their investment crampled and sell at a loss. But thats normal having doubts isnt something you can easily erase.

Invest on altcoins and surely youll definitely experience loss but also has a greater chance of earning much more than btc. Of course that depend on which coin you choose. Pick a good and establish one and you are good. Avoid some shitcoin these are short to medium period only.

It’s normal to get emotional sometimes and feel fear when it comes to investments because all investments have their own risks. But when you invest for altcoins, though some are exceptionally good and profitable, but most of them still end up not valuable at all especially for shitcoins and meme coins. The reason why we need to put trust more on bitcoin because it’s the most prominent asset and even has the highest risk but the biggest returns as well.

BIT-BENDER

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Quote from: logicrypto_ on October 21, 2022, 08:08:43 AM

Keep accumulating crypto and you will reap the rewards in the future!

Is this a financial advice? I personally think it should not be, because this is part of the reasons we have many people running away from crypto-currency claiming that it's a scam or a financial trap that only extort them of their capital.
I don't tell people to accumulate crypto-currency all because they want fast earning or they want to get faster and better returns on investment.
Rather I advice then to accumulate more Bitcoin because it has more potential in terms of helping with all of the financial issues that has come to be a tradition using Fiat.

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Quote from: Darker45 on October 21, 2022, 08:47:22 AM

Keep accumulating Bitcoin rather than crypto. That's the best choice and also the safest. But forget about 13,820.78%. Bitcoin at this point could only multiply a number of folds. Although it's unfortunate that we haven't known it when it was only a cent, it's probably good enough that it would x5 or even x10 with a relatively low risk.

Altcoins are risky. Terra (LUNA) was a great choice as far as altcoin investment is concerned. It was the best until it wasn't. If an altcoin as big as Terra (LUNA) could fail, the rest of the tens of thousands of smaller altcoins could also fail.

That is why never entrust into altcoins your hard-earned money particularly on the new projects that are out in the market because they bring the highest risk. Focus on bitcoin and maximize your investment on it. That way, you will be safe from scamming, and you could make huge profits in the long run if you can start buying bitcoin this time and hold it patiently for long term. If others have succeeded in bitcoin, then we can always do it too with focus and determination.

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Quote from: Crypt0Gore on October 22, 2022, 07:23:23 AM

I believe that Metaverse and Play to earn still have some role to play in crypto space coming years, so much hype around this use cases.

I do believe about these metaverses have something to play in the market and could give profit to the investors but I was not sure about these P2E gaming platforms as their time is likely over. I'd see they are very progressive last year as the bull season hits the market but unfortunately, they are losing their potential, in fact, a lot of P2E investors and participants leaving this platform because they are not earning a profit anymore and losing their time as well. In these days, invest and hold those project that we know it will survive from the dip like Bitcoin and Ethereum.

Crypt0Gore

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The bear market is where the real crypto money can be made, either BTC bottom is in or not you have nothing to worry about if you are using the DCA technique.

Not all altcoins deserve your money, most have no potential and they did well in the last bull season because of hype, be careful when choosing altcoins.

I believe that Metaverse and Play to earn still have some role to play in crypto space coming years, so much hype around this use cases.

Lucius

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Quote from: logicrypto_ on October 22, 2022, 02:44:06 AM

Totally true and fully agree with that.
However, in most of us something sparkled the interest in cryptocurrencies. The freedom. the technology, anonymity etc. we didn't come here for the profit in the first place.
Profit came afterwards, let me say, as a reward for being involved to something new. Personally, I am not in favor for people who seek the easy and fast profit without knowing anything about the crypto space.

There are always exceptions, but most are not interested in technology, or even in understanding the basics. Some members have been here for years and still have problems defining Bitcoin and blockchain, or coin address versus private key.

It seems to me that the majority of new members spend most of their time in altcoins boards and participate in bounty campaigns, and this is not surprising considering that this forum is known in some third-world countries as a platform where you can make money just by posting social media links promoting various shady projects.

If you stay active on the forum long enough, I'm sure that some things will become much clearer to you through interaction with other members.

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Quote from: logicrypto_ on October 21, 2022, 08:08:43 AM

Bitcoin ROI is at 13820.78% right now, cosindering the fact that the price is pretty low right now it can still explode.

Keep accumulating crypto and you will reap the rewards in the future!

You won’t say that pretty low word if you are really in to crypto space since 2017 because the current price is the previous All Time High of the last crypto cycle which you claimed that you started. You should knew very well that the current price is the last major support before it will go down again to the next major support which is 15K to 10K. I really like the encouragement to newbies but I hope that it will be backed with some analysis that will convinced newbie to keep buying on this current market condition.

Yes, DCA is the right approach on this kind of bear market but the current global economy conditions makes me question whether it’s right to accumulate now or wait for a good buy signal such improvement on global economy. It’s better to minimize loss since you have an edge that price will go up because of fundamental that backing it rather than just hold on the price projection like Bitcoin rainbow chart.

traderethereum

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People are losing attention in the market because they are busy saving themselves from ever-increasing losses.
And if they don't see it as a way to collect coins that are promising and have the potential to improve, they will miss the bull run and the next season of altcoins.
The bear and bull markets will still exist in the crypto market and no one can be sure when it will start and end, and all we can do is be prepared for all the possibilities.
So if we are still in a bear market now, we can start making a list of potential coins to buy to get big profits in the next bull market.

logicrypto_

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Quote from: Lucius on October 21, 2022, 08:32:18 AM

I won't write about any percentages, but when there is no profit in sight, most people are not interested in cryptocurrencies - that's how it was in the past, and I don't believe it will change in the future.

Totally true and fully agree with that.
However, in most of us something sparkled the interest in cryptocurrencies. The freedom. the technology, anonymity etc. we didn't come here for the profit in the first place.
Profit came afterwards, let me say, as a reward for being involved to something new. Personally, I am not in favor for people who seek the easy and fast profit without knowing anything about the crypto space.

Topic: My advice to you regarding bear markets. - page 9. (Read 1659 times)