What to do in a bear market | Bitcointalksearch.org

Metroid

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Quote from: rdluffy on June 12, 2022, 07:39:16 AM

Market is being irrational again, after Luna, every signal of "death spiral", "depeg" etc, people are losing their minds without understand whats's happening

I remember in 2018 we didn't have war, money crisis, inflation etc, so I started to think it's becoming harder to see people or companies investing tons of money right now due to these circumstances, and for consequence, we'll not see a big pump anymore, so, better to put ETH on a cold wallet and wait a little more Cheesy

I didn't expect this price of ETH so soon, maybe it's better to suffer soon than slowly and later Cheesy

Yeah, this will only get worse, last year scammers and the media used the same inflation word to make people to buy cryptos and saying protect your money by buying crypto, now you see the same media and scammers saying nothing, I guess they sold at top and will buy at bottom and they know the bottom will be sometime next 12 months or so.

Quote from: arielbit on June 12, 2022, 07:43:32 AM

michael saylor (micro strategy) should be liquidated before BTC goes to 100k LOL

at around the same time ETH goes POS and the blockchain goes to a halt like solana LOL

then we all begin again for the next big thing Grin

I dont think he will sell all his btc, I'm sure he will sell if he needs money, that man is an one man army, he puts all his eggs in just one basket, he is brave, I mean BTC is the first coin created and the most valuable at moment but one day BTC will be replaced and if that happens then gameover, he will likely kill himself for stupidity. Yeah I'm sure scammers will great other scams and hopes and dreams for new gamblers next cycle, the question is which coins will survive this death spiral, usually 99% of coins die and of these 1% that survive, most crash 90% or more and some 99% from top.

There will be a bulltrap before we move to bear market, this still a pre bear market.

arielbit

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Quote from: Metroid on June 12, 2022, 05:58:31 AM

Quote from: adaseb on June 11, 2022, 10:41:33 PM

ETH still dropping on all this stETH drama.

If you pull up a monthly chart for ETHUSD on Coinbase you will see that it almost touched the ATH from 2017. It was only off by $10. The low was $1430 and high back then was $1420.

Seems like a great price however, honestly don’t think it’s a good area to buy. Most likely won’t hold and might come closer to the $1000 areas.

It seems eth got lower than 2017 ath, lowest 24h is 1422 usd. BTC is holding well reason altcoins are not crashing lower and lower, as soon as btc crashes below 20k then we will start seeing misery, pain, nightmares and so on, eth went from 1440 usd to 80 usd, that was 17.5 times crash, insane, so a 9x crash minimum is possible for eth this time, so 500 - 800 usd but it might crash lower if the 500 usd is lost then next worse case scenario would be 300 usd as bottom, I dont think eth will crash lower than 300 usd except if a luna scam effect happens.

michael saylor (micro strategy) should be liquidated before BTC goes to 100k LOL

at around the same time ETH goes POS and the blockchain goes to a halt like solana LOL

then we all begin again for the next big thing Grin

rdluffy

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Quote from: Metroid on June 12, 2022, 05:58:31 AM

It seems eth got lower than 2017 ath, lowest 24h is 1422 usd. BTC is holding well reason altcoins are not crashing lower and lower, as soon as btc crashes below 20k then we will start seeing misery, pain, nightmares and so on, eth went from 1440 usd to 80 usd, that was 17.5 times crash, insane, so a 9x crash minimum is possible for eth this time, so 500 - 800 usd but it might crash lower if the 500 usd is lost then next worse case scenario would be 300 usd as bottom, I dont think eth will crash lower than 300 usd except if a luna scam effect happens.

Market is being irrational again, after Luna, every signal of "death spiral", "depeg" etc, people are losing their minds without understand whats's happening

I remember in 2018 we didn't have war, money crisis, inflation etc, so I started to think it's becoming harder to see people or companies investing tons of money right now due to these circumstances, and for consequence, we'll not see a big pump anymore, so, better to put ETH on a cold wallet and wait a little more Cheesy

I didn't expect this price of ETH so soon, maybe it's better to suffer soon than slowly and later Cheesy

Metroid

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Quote from: adaseb on June 11, 2022, 10:41:33 PM

ETH still dropping on all this stETH drama.

If you pull up a monthly chart for ETHUSD on Coinbase you will see that it almost touched the ATH from 2017. It was only off by $10. The low was $1430 and high back then was $1420.

Seems like a great price however, honestly don’t think it’s a good area to buy. Most likely won’t hold and might come closer to the $1000 areas.

It seems eth got lower than 2017 ath, lowest 24h is 1422 usd. BTC is holding well reason altcoins are not crashing lower and lower, as soon as btc crashes below 20k then we will start seeing misery, pain, nightmares and so on, eth went from 1440 usd to 80 usd, that was 17.5 times crash, insane, so a 9x crash minimum is possible for eth this time, so 500 - 800 usd but it might crash lower if the 500 usd is lost then next worse case scenario would be 300 usd as bottom, I dont think eth will crash lower than 300 usd except if a luna scam effect happens.

ethereumhunter

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Quote from: KiaKia on June 04, 2022, 02:14:00 AM

In a bear market should one be buying graphic cards or one should be buying coins instead?.

I prefer buying coins over graphics cards because if you want to mine a coin, you have to calculate the electricity cost and how much reward you will receive in one day or month. Before starting mining, we must calculate everything so there will be no regrets later.

Therefore, I prefer to buy coins because we don't need to calculate various things and only analyze the coin before buying.

adaseb

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ETH still dropping on all this stETH drama.

If you pull up a monthly chart for ETHUSD on Coinbase you will see that it almost touched the ATH from 2017. It was only off by $10. The low was $1430 and high back then was $1420.

Seems like a great price however, honestly don’t think it’s a good area to buy. Most likely won’t hold and might come closer to the $1000 areas.

wheelz1200

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Quote from: Metroid on June 11, 2022, 01:01:04 PM

Quote from: adaseb on June 11, 2022, 09:49:56 AM

Don’t know if you guys are paying attention to ETH. Basically there is some illiquid staked token called stETH which has depegged from ETH.

This is a token that should be redeamable for 1 ETH after the merge or 6-12 months after. And it’s causing a crisis right now for ETH.

Some large holders like Celcius own a lot of this token and they are about to become insolvent. Also the way Defi lending works, some use stETH for collateral and if the depeg keeps dropping it will set off a huge liquidation of many assets.

ETH is going down again, into yearly lows on a very illiquid Saturday.

Not looking good.

It has started, yeah not looking good, people should be very careful now, I would not buy anything at all, I mean nothing, keep your money safe and wait few months, september 2022 - march 2023. That is when we will know the bottom.

Quote from: wheelz1200 on June 11, 2022, 10:32:09 AM

Quote from: KiaKia on June 04, 2022, 02:14:00 AM

In a bear market should one be buying graphic cards or one should be buying coins instead?.

There is no right answer. Depends on your mining costs and what you can get the cards for. We haven't seen close to bottom yet when we do you should see cards hit an equilibrium price because they won't completely drop to nothing, asics will but not cards. After that equilibrium price is seen coins will keep falling and makes a better case to buy coin direct than cards. I'm in a wait and see pattern right now.

In my case, I always bought coins in the bear market, mining is only good if you buy gpus before the bullrun, pre bull market and sell the coins after few months the bull market started and before the pre bear market starts.

Understood and yeah buying coin instead of cards before a bull is always good but in the end the thing with cards is that ypu will always be able to sell them. Buying coins can end up at zero for at least a lot of altcoins. So I guess it comes down to risk/reward too. All in all I think there is an argument either way depending on your risk appetite.

Metroid

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Quote from: adaseb on June 11, 2022, 09:49:56 AM

Don’t know if you guys are paying attention to ETH. Basically there is some illiquid staked token called stETH which has depegged from ETH.

This is a token that should be redeamable for 1 ETH after the merge or 6-12 months after. And it’s causing a crisis right now for ETH.

Some large holders like Celcius own a lot of this token and they are about to become insolvent. Also the way Defi lending works, some use stETH for collateral and if the depeg keeps dropping it will set off a huge liquidation of many assets.

ETH is going down again, into yearly lows on a very illiquid Saturday.

Not looking good.

It has started, yeah not looking good, people should be very careful now, I would not buy anything at all, I mean nothing, keep your money safe and wait few months, september 2022 - march 2023. That is when we will know the bottom.

Quote from: wheelz1200 on June 11, 2022, 10:32:09 AM

Quote from: KiaKia on June 04, 2022, 02:14:00 AM

In a bear market should one be buying graphic cards or one should be buying coins instead?.

There is no right answer. Depends on your mining costs and what you can get the cards for. We haven't seen close to bottom yet when we do you should see cards hit an equilibrium price because they won't completely drop to nothing, asics will but not cards. After that equilibrium price is seen coins will keep falling and makes a better case to buy coin direct than cards. I'm in a wait and see pattern right now.

In my case, I always bought coins in the bear market, mining is only good if you buy gpus before the bullrun, pre bull market and sell the coins after few months the bull market started and before the pre bear market starts.

wheelz1200

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Quote from: KiaKia on June 04, 2022, 02:14:00 AM

In a bear market should one be buying graphic cards or one should be buying coins instead?.

There is no right answer. Depends on your mining costs and what you can get the cards for. We haven't seen close to bottom yet when we do you should see cards hit an equilibrium price because they won't completely drop to nothing, asics will but not cards. After that equilibrium price is seen coins will keep falling and makes a better case to buy coin direct than cards. I'm in a wait and see pattern right now.

adaseb

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Don’t know if you guys are paying attention to ETH. Basically there is some illiquid staked token called stETH which has depegged from ETH.

This is a token that should be redeamable for 1 ETH after the merge or 6-12 months after. And it’s causing a crisis right now for ETH.

Some large holders like Celcius own a lot of this token and they are about to become insolvent. Also the way Defi lending works, some use stETH for collateral and if the depeg keeps dropping it will set off a huge liquidation of many assets.

ETH is going down again, into yearly lows on a very illiquid Saturday.

Not looking good.

Metroid

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Quote from: cudapop on June 11, 2022, 07:41:07 AM

Here's an interview conducted with Tim Beiko a few days ago where he clarifies on this, see at time 53:40 in the interview:
https://www.youtube.com/watch?v=pUA-HzIbWD0

Thank you very much for the link, is not a misconception, is what they told people that wanted to stake. Now they have come up with another narrative which I called lie and bs altogether because they understood that as soon as the merge was finalized, people who staked their eth would sell as fast as they could. See that is why you can't trust any coin devs, especially eth which is heavily centralized. Thankgod I have not staked my coins at that time, did not fall for their fairy tale bs.

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Quote from: Metroid on June 11, 2022, 06:00:30 AM

Quote from: cudapop on June 11, 2022, 05:26:23 AM

Quote from: Metroid on June 11, 2022, 05:18:25 AM

... imagine eth fork happening now, those millions of eth unlocked ...

The withdrawal function for staked eth is not part of the merge. Core devs will schedule enabling of withdrawals in a future fork post-merge, but no hard date has been published.

Really? since 2020 as far as I know, reason I myself have not staked my eth was because coins would only be unlocked as soon as the merger was finalized, that was the deal, did they change it?

Here's an interview conducted with Tim Beiko a few days ago where he clarifies on this, see at time 53:40 in the interview:

https://www.youtube.com/watch?v=pUA-HzIbWD0

Metroid

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Quote from: cudapop on June 11, 2022, 05:26:23 AM

Quote from: Metroid on June 11, 2022, 05:18:25 AM

... imagine eth fork happening now, those millions of eth unlocked ...

The withdrawal function for staked eth is not part of the merge. Core devs will schedule enabling of withdrawals in a future fork post-merge, but no hard date has been published.

Really? since 2020 as far as I know, reason I myself have not staked my eth was because coins would only be unlocked as soon as the merger was finalized, that was the deal, did they change it?

cudapop

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Quote from: Metroid on June 11, 2022, 05:18:25 AM

... imagine eth fork happening now, those millions of eth unlocked ...

The withdrawal function for staked eth is not part of the merge. Core devs will schedule enabling of withdrawals in a future fork post-merge, but no hard date has been published.

Metroid

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Quote from: adaseb on June 10, 2022, 10:27:40 PM

I also knew $100K wouldn’t hit however I didn’t think $69K would be the top. Since we had a $65K top prior and it looked like it had more room to run, it seemed that the top would be anywhere in the $75-85k area. Which would also be the $100,000 per BTC in AUD and CAD currencies. Would of sold everything there but unfortunately never hit.

It’s a shame that we had conservative targets and neither of them got hit. I actually also assumed that $50K might be the top so sold a bunch at like $49.5K.

Either way, nothing you can do now.

ETH is almost at the same price I sold in the end of january 2021, 1500 usd, a mistake here is to buy those eth back, the trend is to go to hehel and this is just the beginning, my crash bottom projection still 6 - 8.5 times down from 4.8k which is 800 - 564 usd, imagine eth fork happening now, those millions of eth unlocked and people running to sell their bag to get some of that fiat, imagine how many people lost the opportunity to sell at 4k because they staked their eth and now are seeing eth crashing below 1600 usd and soon below 1000 usd, that is good lesson, I told them not to stake anything, they never listened.

adaseb

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Quote from: Metroid on June 09, 2022, 09:39:41 AM

Quote from: cudapop on June 09, 2022, 09:24:37 AM

I always felt that the low-to-high ratio method was too lowball in it's predictions, but the fact that it was almost spot on for the 2021 peak made it scary.

Yeah I know, I said that 100k would never hit this cycle and I was spot on, scammers were spreading that 100k would be within weeks, poor people that fell for that, my top numbers(79k - 89k) were a lot more conservative than 99.9% traders, 69k was also one of my top numbers because in 2013, btc got as high as 6999 yuan on chinese exchanges, so I thought that number would come back in 2021, many people at that time thought btc would hit 10k yuan but it never hit. So I thought last year looked so much alike 2013, the hype and everything.

I also knew $100K wouldn’t hit however I didn’t think $69K would be the top. Since we had a $65K top prior and it looked like it had more room to run, it seemed that the top would be anywhere in the $75-85k area. Which would also be the $100,000 per BTC in AUD and CAD currencies. Would of sold everything there but unfortunately never hit.

It’s a shame that we had conservative targets and neither of them got hit. I actually also assumed that $50K might be the top so sold a bunch at like $49.5K.

Either way, nothing you can do now.

Coinfarm ventures

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Quote from: CryptoATM on June 09, 2022, 09:55:52 AM

1. Expect many crypto projects to vanish into thin air.
2. For now stick with BTC since the bear market is just getting started.
3. After a few months when we see a new dip then you can start buying some tokens that survive the insane crash.
4. 2023 might be bloodier due to possible recession, I suggest keeping a few dollars aside just in case.
5. Sell a few GPUs and use the rest to mine credible projects like Flux.

Exactly my strategy

Metroid

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This article should be good to read if you are a miner, be extremely careful if you plan to buy gpus.

https://www.youtube.com/watch?v=n0BPrDK6xmE

CryptoATM

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1. Expect many crypto projects to vanish into thin air.
2. For now stick with BTC since the bear market is just getting started.
3. After a few months when we see a new dip then you can start buying some tokens that survive the insane crash.
4. 2023 might be bloodier due to possible recession, I suggest keeping a few dollars aside just in case.
5. Sell a few GPUs and use the rest to mine credible projects like Flux.

Metroid

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Quote from: cudapop on June 09, 2022, 09:24:37 AM

I always felt that the low-to-high ratio method was too lowball in it's predictions, but the fact that it was almost spot on for the 2021 peak made it scary.

Yeah I know, I said that 100k would never hit this cycle and I was spot on, scammers were spreading that 100k would be within weeks, poor people that fell for that, my top numbers(79k - 89k) were a lot more conservative than 99.9% traders, 69k was also one of my top numbers because in 2013, btc got as high as 6999 yuan on chinese exchanges, so I thought that number would come back in 2021, many people at that time thought btc would hit 10k yuan but it never hit. So I thought last year looked so much alike 2013, the hype and everything.

Topic: What to do in a bear market (Read 748 times)