Topic: Some important steps to take in this bear market 😃 (Read 217 times)

What I picked up from the bitcoin cash fork is that bitmain have given up trying to increase the value of bitcoin cash and have sold off the miners they used to mine it with when they wanted to control it.

I don’t have muc information on that whole fork because I’ve limited time and only found about the main parts of it yesterday (I think that means I have a life ). Although, bitmain have a large share of the hashing power, if they sold all of the mining rigs to a company like f2pool or bitfury, then more than half of bitcoin Minnetonka hashing power would be made up of that company which means they would have enough power to attempt shadowmining or other attacks on the network that could completely destroy bitcoin. Whether they’d actually do it or not is another question, but it is possible.

I've given up on TA. Some are saying that the latest drop was caused by the Bitcoin Cash hash war. It may have contributed, but there are other external factors at work as well. It is difficult to see how TA can help in anything but very short term trading. Fundamentals are far more important in my opinion.

The best advice to take in a bearish market is to first understand the value and potential of the coin you are in possession of if you don't believe in it you can sell off but if it's worth it then you can hold

The only step advisable to take is buy bitcoin and go to sleep if possible sleep(hodl) for the next 2-5years. The worst time to buy altcoins are in times like this. Only the ones with the fund can hype themselves with advert here and there many have no value (long term) so don't fall victim. There'll always be new altcoin but only one bitcoin. The good ones (altcoin) are yet to be born (developed).

Totally agree with all your opinions！
Most of the altcoins have no value, the only purpose they were created was to swindle money.
I never think that Enhance Technical Analysis is useful for most altcoins. In my opinion, the market for altcoins is only dump and dump, especially the large number of shitcoins born this year, which will eventually return to zero. Don't expect them to recover.

there is no bear market!
for bitcoin, the bear market has been over for months. don't confuse the recent drop with a continuation of bear market. it was manipulation and fear that caused the drop.
and there is no bear market for altcoins in general. all we have is pump and dumps for altcoins.

as for the points i disagree with most of what you said.
there is nothing stopping such coins from dropping down to 85%, 90% or 99% even. and in fact most of the altcoins get dumped about 90%+ so looking at how much an altcoin is dumped is only misleading you.

it always sucks for those who are not familiar with the market and with trading but insist on doing it!

it is good to know TA and use it sometimes but this is not something that you can rely on specially when it comes to altcoin market which as i said is purely pump and dumps. there is no logic for their rises and drops so you can never speculate it with TA.

Now that the bear market is going on, so many people have become frustrated. They can do some work in this bear market and take preparation

Discover sleeping giant

Almost everything looks most minimal expense in a bear market, Nonetheless, few out of every odd cheap coin have the regard. So there is no instigating inspiration to race into trades. You can utilize this period to get some information about undertakings that show up underestimated yet can make in wealth of different events when the market sway back. Check coins that dove by relatively 80% from their marvelous highs and you are presumably going to find some that were fundamentally incredibly thumped.Be amped up for such coins, as most crypto traders are driven by insecurity. Now and again, a coin may proceed with bounces because of loss of intrigue, maybe in light of how the stage is a limit in movement. Scour Github stores, social talks, and crypto-related news sources to discover information on activities of your vitality to find when they will dispatch.

Attempt to Be persuasive

Let be straightforward, the crypto markets suck right now, there's no denying it. Regardless, that doesn't mean you should sadness, and it absolutely doesn't mean you ought to just desert crypto.
To be sure, now is a better than average time to take a break and welcome some downtime, yet not for an extremely prolonged stretch of time. There is constantly opportunity, and as long as you are being proactive and doing some premise now, you'll be in an incredibly better position in the midst of the accompanying bull run.

Attempt to Enhance Technical Analysis

Unprecedented rose up out of different things you can get from a bear market is to completed your work, especially to the degree technical analysis goes. A crushing impression of destinies or margin trading is the best way to deal with manage start. Begin via care (MA) Moving averages,(RSI) Relative strength index and others. Most traders don't have what it takes to examine the trading view screens and by understanding the nuts and bolts, you can time your ways better, paying little respect to whether you are not a technical analysis master. Unequivocally when the bear market closes and the green lines show up, you will have an unrivaled suitability of selling at sensible profit margins. This is better than in case you hold and drive forward through another savage loss in a persistent bear market.