To-do list in a bear market - page 2.

herurist

sr. member

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Quote from: Dontfearthebear on November 24, 2018, 02:00:45 AM

'Do not panic' - when it comes to anything bear-related.
'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically

Any tips to offer people new to cryptocurrency?

Yes, leave crypto now for your own good. Don't trust people with opinion like that because if you believe you'll not realistic anymore. In this time many people already leave because they have proof crypto not profitable again. Think again before decides to stay.

Cliarbikr

jr. member

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Quote from: Dontfearthebear on November 24, 2018, 02:00:45 AM

'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically

Any experienced investor knows that you need to buy an asset when panic begins and people sell. When even ordinary people are interested in buying and buying assets, an experienced investor sells

Dontfearthebear

newbie

Activity: 20

Merit: 0

Thank you all for your input, but I still can't fathom how bear markets can provide opportunities with less risk. For now, I will keep monitoring my portfolio (for some reason it just doesn't feel right) while finding good projects and start learning how day trading works. Thanks, again!

leowonderful

legendary

Activity: 1624

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Bitcoin FTW!

Don't put in all your money at one time if you're trying to purchase coins. I would stagger purchases and perhaps set orders to buy at certain prices at this point in time with the high volatility right now.

Something else to note from Theymos which I believe is legitimate advice:

Quote from: theymos on November 16, 2018, 09:38:52 AM

If there's any BTC price that would ruin you, then it might be a good idea to sell some.

It's fine to hold, but you also need to recognize when you might need to sell off some of your coins. I'm not selling right now as I accumulated coins at a much lower price than BTC is at right now, but I'm also ready to sell if things go south.

Reid

hero member

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Quote from: Dontfearthebear on November 24, 2018, 02:00:45 AM

'Do not panic' - when it comes to anything bear-related.
'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically

Any tips to offer people new to cryptocurrency?

Look at the history.
That is what I always say instead of explaining everything to them.
I dont want them blaming me for I have been the one to push them. Better to just let them do the decision and let them look at what happened before and summarize it.

One problem with being a human. You always look for someone to blame it to, even if you are the one who really made the choice.

yanto@1977

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★Bitvest.io★ Play Plinko or Invest!

Quote from: Dontfearthebear on November 24, 2018, 02:00:45 AM

'Do not panic' - when it comes to anything bear-related.
'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically

Any tips to offer people new to cryptocurrency?

The tips is only one, leave crypto for now and come back again next year. There's nothing we can do this year, many people already leave so what are you waiting for?. For this situation safe asset is more important than create income not to scare you but that's the true. Down trend still running and cut loss is become realistic option, do that now and good luck to you.

Hamphser

sr. member

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Vave.com - Crypto Casino

Quote from: Dontfearthebear on November 24, 2018, 02:00:45 AM

'Do not panic' - when it comes to anything bear-related.
'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically

Any tips to offer people new to cryptocurrency?

For those people who just recent discovered about crypto then I would say this is indeed the best entry you can buy cheap coins.
We are on a major correction as of now which reaching up all time lows with most crypto in the market even on BTC itself.
but still as a newbie investor then you should always consider to invest on the amount you can afford to lose.

Experia

sr. member

Activity: 924

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Quote from: Dontfearthebear on November 24, 2018, 02:00:45 AM

'Do not panic' - when it comes to anything bear-related.
'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically

Any tips to offer people new to cryptocurrency?

you can also earn new coin and once it was listed in exchange sell it immediately and buy bitcoins and hold it until the price raises again and have a good value. Yes when the market is down it creates opportunities to make a good income thru holdings.

Harlot

hero member

Activity: 1806

Merit: 672

This to do list will really depend on your current situation (what your portfolio looks like) in the market. If you have a green portfolio you have two choices buy more or think about shorting BTC. But if you have a bleeding portfolio I think the best thing you can do is wait because you can't really do anything else besides that. What matters is you have a plan in this situation as even if the prices are dropping it signifies as a opportunity for all of us. Even if you have a red portfolio you can always add more BTC, that's if you still believe in it.

prashanta

copper member

Activity: 728

Merit: 250

In addition to Bitcoin for people I sold in or before, I did not really know about investing in any mass market. I suspect that Bitcoin fashions will continue for a long time and people who can get it in December can take it for three years or more. My point is that there were lots of real estate jobs and exchange-traded groups which had long been up to the stomach and Bitcoin was eventually the same Can do that.

Slow death

legendary

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Name: Dontfearthebear
Posts: 1
Activity: 1
Merit: 0
Position: Newbie
Date Registered: November 24, 2018, 06:28:21 AM
Last Active: November 24, 2018, 07:00:45 AM

I'm wondering if you really are a Newbie, you created this thread and do not respond in that thread

Quote from: Dontfearthebear on November 24, 2018, 02:00:45 AM

Any tips to offer people new to cryptocurrency?

like all businesses in the world, one must do research, courses and create a plan of action. in the case of crypto people should also take courses, people should do research, people should have plan. If people are investing in the long term then they should not have reason to worry, if they are doing day trade then they should have a lot of knowledge about day trade, charts, technical and fundamental analysis.

BitHodler

legendary

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I don't think it's a good thing to do for beginners, but it could turn out to be worthwhile if you have been here for a while and know how things more or less work. I was too hesitant to actually try it initially, and here we are.....

During bear markets it pays off to short 10-15% of your portfolio with a mild to semi aggressive leverage count. It should be able to preserve as much of your portfolio value in fiat as possible on the way down.

Whenever you think the bottom is in, liquidate your position and enjoy seeing the value go up again as the price starts to recover again. It's somewhat too late right now, but could work out during the next bear market.

cryptocrusher

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Quote from: Dontfearthebear on November 24, 2018, 02:00:45 AM

'Do not panic' - when it comes to anything bear-related.
'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically

Any tips to offer people new to cryptocurrency?

Well you need to decide what to do with your investments, but have a thought out process for this. You must first decide if you're selling, buying or neither. Most people fall on to neither, as they wait to see how things unfold. In that time it's important to not waste the opportunity you've got to spend your time productively, study the market, previous trends, potential developments etc. That way when the market does recover you'll be ahead of the competition.

Sifon

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Quote from: nicster551 on November 24, 2018, 05:31:37 AM

Quote from: Dontfearthebear on November 24, 2018, 02:00:45 AM

'Do not panic' - when it comes to anything bear-related.
'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically

Any tips to offer people new to cryptocurrency?

Why do you always advice someone not to panic when the market is going down? They should cut their losses while they can.

I think the post was more focused on newbies. Panic is normal especially when investments are threatened both for a newbies and veterans. Of course, people can always cut their losses and move on rather lose all while waiting indefinitely for a market recovery

aervin11

full member

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Quote from: Dontfearthebear on November 24, 2018, 02:00:45 AM

'Do not panic' - when it comes to anything bear-related.
'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically

Any tips to offer people new to cryptocurrency?

Reading this made me think of this qoute from Warren Buffett — "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"
As of the moment, retail traders are in panic mode and I'm pretty sure of that because this huge downfall is undeniably alarming BUT the thing that everybody is going out of the market selling their assets, maybe it's a good chance that we take advantage of that qoute a great trader thought us. It makes sense right?

Tytanowy Janusz

legendary

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Quote from: Dontfearthebear on November 24, 2018, 02:00:45 AM

'Do not panic' - when it comes to anything bear-related.
'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically

Any tips to offer people new to cryptocurrency?

There is panic selling - taking known loss but loss
There is also panic holding - taking unknown risk and loss hoping that everything is gonna be ok.

Looking at history of my trades biggest losts i had from panic holding.

Thirdspace

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Quote from: nicster551 on November 24, 2018, 05:31:37 AM

Why do you always advice someone not to panic when the market is going down? They should cut their losses while they can.

it's always start with slow gradual drops and small numbers of "panickers"
people get uneasy, followed by 30%-50% of btc owners are panicking, the dip will be even deeper
then more are infected by this "panic selling" up to 70%-80% owners, probably crash the market
which left the 20% as hodlers and/or buyers, who may become the next millionaires when market recovers
that's why noone should panic... triggered by small drops, panic, deeper dips, more panic, and finally crash Lips sealed

or if you really want to panic sell... as figmentofmyass said do it early Grin

Marcel666

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The Premier Digital Asset Management Ecosystem

Quote from: figmentofmyass on November 24, 2018, 02:42:17 AM

he who panics first, panics best. Wink

the thing about panic selling is this: if you know you're gonna do it, do it early. don't wait weeks or months because then you'll probably end up capitulating at the bottom.

Very true. Firstly it is not possible to actually not panic in the face of dropping prices and massive losses. But the decisions you make in that situation is what counts.

Durung a bearish market, Protecting your capital, would take precedence to profit maximization.

nicster551

sr. member

Activity: 896

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Quote from: Dontfearthebear on November 24, 2018, 02:00:45 AM

'Do not panic' - when it comes to anything bear-related.
'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically

Any tips to offer people new to cryptocurrency?

Why do you always advice someone not to panic when the market is going down? They should cut their losses while they can.

Lalafell

sr. member

Activity: 812

Merit: 250

Quote from: btc_angela on November 24, 2018, 02:26:21 AM

Don't invest at this point. Market situation is getting worst. You might as well wait till everything has settled down.

Its up to you if you will invest at this current market where the market are down. But, for me it is a good idea to invest in cryptocurrency even we face down trend market. Most of us are now scared on situation of market and I think even the professional do not know if the market will going up or down.

Topic: To-do list in a bear market - page 2. (Read 506 times)