What's your next step if you experience a Great BEAR MARKET ? - page 2.

AYOBA

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Quote from: OjAbram on March 27, 2024, 03:23:48 AM

Currently Bitcoin is expected to have a bull run and halving in coming time as we all know it.

The bull run is approaching, and everyone is anticipating its arrival. However, some people, including those who are not prepared, are anticipating the bull run. Many individuals are anticipating a dip in Bitcoin to prepare for a potential bull run. Those who have already invested are hoping for a strong performance before the bull run begins.

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Now if you were to make an investment of $100 as a beginner regardless of your country and as it stands Bitcoin is experiencing a bear market (an example) after you made 5% capital.

As a beginner, starting an investment with a smaller amount of money that he can afford to lose is the best option. So that even if you lose your initial investment, it won't feel as horrible. Additionally, you can also can get knowledge from bear market tactics..

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Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?

If that should be the case, bear market tactics appear to have some effect from the moment a bitcoin is bought until it is held for an extended length of time. The next step is to continue being patient until you have made back all of the investment and amassed a sizable profit. Since it is the main focus of the bear market. Whatever happens at the end of the day, you should be patient while investing and intend to hold it for a long time.

Dunamisx

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If you invested and the market is going dip, you will have to hodl, as long as you're investing on bitcoin, but the moment you make investment on other coin that are not reliable or reputable, you begin to fear in panic on not missing out, it is therefore very important that we make the adequate and necessary research on any coin before investing and if we will make the best decision, then such have to be that bitcoin is our first investment priority and if possible the only one, then if the market dips, all you need is to hold.

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Quote from: Cookdata on April 03, 2024, 07:27:10 AM

You don't lose money in Bitcoin unless you sold.

True and not true. Loss or profit is on the screen or paper in your calculation and it only becomes actual profit or loss if you sell your bitcoin to have cash.

The vital point is if a person used all money to invest in Bitcoin, no other source of money for emergency, he will have to sell his bitcoins when he takes profit proactively or has to sell it for emergency.

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Bear market is inevitable in any of the market, if your focus is a long term holding and you were caught between the devils market crash, you continue to hold and buy more as the market continue to dip, buying that way is what is term as dollar cost average(DCA), you will reach a break even points where you wouldn't have profits and loss, you can chose to withdraw your investment in case you change your mind or you may hold as you intended from the beginning.

Before thinking of a bear market, buying more in dips, you must think of your financial status in a bear market and what you already prepare for it.

As said above, if you don't have any money reserve, you can not buy any dip but it will come to a time you have to sell your bitcoin even you only want to hold it. Because without cash to use, how will you live through a long lasting bear market?

Cookdata

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Quote from: OjAbram on March 27, 2024, 03:23:48 AM

Currently Bitcoin is expected to have a bull run and halving in coming time as we all know it.

Now if you were to make an investment of $100 as a beginner regardless of your country and as it stands Bitcoin is experiencing a bear market (an example) after you made 5% capital.

Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?

You don't lose money in Bitcoin unless you sold. There is a profits and loss in buying and selling of Bitcoin and there is also Unrealized loss and profits, this is what you get when the assets you bought is showing you that you have had appreciation or depreciation but these profits and loss isn't what to you actually have until you have sold that Bitcoin, take correction when you are communicating about profits and loss so that people can understand you very well.

Bear market is inevitable in any of the market, if your focus is a long term holding and you were caught between the devils market crash, you continue to hold and buy more as the market continue to dip, buying that way is what is term as dollar cost average(DCA), you will reach a break even points where you wouldn't have profits and loss, you can chose to withdraw your investment in case you change your mind or you may hold as you intended from the beginning.

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Quote from: OjAbram on March 27, 2024, 03:23:48 AM

Currently Bitcoin is expected to have a bull run and halving in coming time as we all know it.

Now if you were to make an investment of $100 as a beginner regardless of your country and as it stands Bitcoin is experiencing a bear market (an example) after you made 5% capital.

Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?

I've always respected the golden rule (don't invest what you can't afford to lose) so, as a newbie in Bitcoin/altcoin trading, I did the same. Newbies often start playing intraday, but they should realize early that they can lose in an hour what they won in several weeks, so it is better to simply hodl and not worry.

pooya87

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The first step you take is the one you take before you make the investment in bitcoin or even in shitcoins. You should first decide WHY you are converting your fiat to bitcoin. Is it to reach financial sovereignty or is it quick profit? If it is profit, how do you want to make that profit: from trading or from investment?

These things decide what you should do in case price didn't move in the direction you wanted or the way you wanted.
For example if you decide you want profit but you want it long term and treat bitcoin as an investment, then you shouldn't worry about short term fluctuations, corrections and dips, etc. Just buy in a dip (like buying below $70k) and hold for at least a year.
But if your plan is to make profit but in short term and you want to be trading (accepting the risks that comes with it) then every small dip and correction is an opportunity for you to make a move. For example it could be selling your coins above or close to $70k and re-buying it when the correction happened at something like $65k.

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Quote from: OjAbram on March 27, 2024, 03:23:48 AM

Now if you were to make an investment of $100 as a beginner regardless of your country and as it stands Bitcoin is experiencing a bear market (an example) after you made 5% capital.

$100 is not a serious amount of money for a lot of people, and in such situation it's best to just forget about the investment and check it once per year or so.

Quote from: OjAbram on March 27, 2024, 03:23:48 AM

Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?

Bitcoin and altcoin trading are two very different things. Bitcoin has a high chance of recovering from every drop, and so far it recovered from all of its drops. Meanwhile most altcoins have one final bear run that finishes them off, or at least makes them premanently lose 99% of their value. So with alts it's best to cut your losses an d move on.

Cryptomultiplier

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Quote from: Cryptoprincess101 on April 02, 2024, 07:58:53 AM

Quote from: OjAbram on March 27, 2024, 03:23:48 AM

Currently Bitcoin is expected to have a bull run and halving in coming time as we all know it.

Now if you were to make an investment of $100 as a beginner regardless of your country and as it stands Bitcoin is experiencing a bear market (an example) after you made 5% capital.

Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?

That is the more reason why experience is needed in every investment and we are being advised on a long term investment because that is where the greater profit awaits you, now as a long term hodler you have no business with the bear season because you already know that you will recover in bull run and since every halving, the current ATH always goes more than the previous one so in a case of a bear season all an investor need is to forget about the Bitcoin he already has in his portfolio and buy more after which he can still DCA till the next bull run though i prefer buying during bear season and selling to make some profits at bull season.

Seeing that the request by OP is about the next step to take as regards a newbie encountering the bear market, I must first iterate that there should be a need to know the distinction and how to know when the bear season comes.
Since prices go down by or increase by 20% or more from its current ATH making it clear it's a bear or bull season, it would be wise to accumulate coins during the bear and sell during the bull season if the dream is to excel at trading.
For long term investment however, a good DCA strategy would be nice irrespective of bear or bull seasons, but buying at the moment when prices are low is the best way to save money still.

Cryptoprincess101

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Quote from: OjAbram on March 27, 2024, 03:23:48 AM

Currently Bitcoin is expected to have a bull run and halving in coming time as we all know it.

Now if you were to make an investment of $100 as a beginner regardless of your country and as it stands Bitcoin is experiencing a bear market (an example) after you made 5% capital.

Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?

That is the more reason why experience is needed in every investment and we are being advised on a long term investment because that is where the greater profit awaits you, now as a long term hodler you have no business with the bear season because you already know that you will recover in bull run and since every halving, the current ATH always goes more than the previous one so in a case of a bear season all an investor need is to forget about the Bitcoin he already has in his portfolio and buy more after which he can still DCA till the next bull run though i prefer buying during bear season and selling to make some profits at bull season.

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Quote from: alastantiger on March 27, 2024, 03:30:15 AM

Quote from: OjAbram on March 27, 2024, 03:23:48 AM

What's your next step as a first timer in Bitcoin /Altcoin trading?

When Bitcoin experiences a price drop altcoins also experience bear market too. It would not be wise to buy an altcoins in a Bitcoin bear market. As a newbie, I'll hold my coins and worker harder to get more funds to in invest in Bitcoin weekly.
There was a time last year when Bitcoin was at $15k if you had compared it to now that the price has quadrupled, you would think that there wasn't any hope of recovery especially if you had allowed the news feed you fear. With Bitcoin there is also 100% possiblity of price increase. No matter how low it gets.

Yes, bitcoin provides a guarantee to their investor that they will recover their investment soon whenever they feel that lost their investment. As you said from last year prices increased by quadrupled so those people who stayed on the last movement are now happy and those people who are out of the journey experienced many losses. There is a simple rule according to me in Bitcoin if you trust me I will never disappoint you Grin

but trust and belief are mandatory. So if we face a situation like this then we will start a weekly investment until the price gets back and grab our investment with profits.

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First, if you intend to hodl or keep it "for a very long time", then you aren't involved in Bitcoin trading. You are a hodler.

Second, forget about altcoins as they're not designed to be kept "for a very long time."

Third, hodling means not minding Bitcoin's short-term rise and fall. So, if you want to become a hodler, try not to react to hourly, daily, weekly, even monthly price fluctuations. A hodler doesn't mind much the bumpy road because he/she is in for the long ride. In the end, Bitcoin will rise.

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Quote from: OjAbram on March 27, 2024, 03:23:48 AM

What's your next step as a first timer in Bitcoin /Altcoin trading?

It would depend on how much knowledge and experience I have about the market and the industry as a whole. Suppose I had just come to know about Bitcoin and cryptocurrencies and rushed to make my first investment without trying to do any research or learn anything about Bitcoin and the overall market. In that case, I will probably panic and maybe sell my assets because I would think I'm losing my money when I see my portfolio losing so much value because I'm unaware of the bear and bull markets and the cyclical movement pattern of Bitcoin and the market.

On the contrary, if I'm a knowledgeable and self-aware newbie who has studied the market and did a lot of research about Bitcoin, it's history, and all other aspects that are essential, I will try to accumulate as much as I can because I would know I will be able to sell them all at a higher price in the near future.

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Quote from: OjAbram on March 27, 2024, 03:23:48 AM

Currently Bitcoin is expected to have a bull run and halving in coming time as we all know it.

Now if you were to make an investment of $100 as a beginner regardless of your country and as it stands Bitcoin is experiencing a bear market (an example) after you made 5% capital.

Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?

Your thread was saying about bitcoin investment and I wanted to give my 1 cent not until I read bitcoin or altcoins trading. Actually someone who is in long term investment with $100 can just wait for bitcoin to appreciate and bounce back to profits, but this cannot be said about a day trader. And also for day trading, I think $100 is not big a capital.

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Quote from: Issa56 on March 27, 2024, 06:15:28 PM

Quote from: OjAbram on March 27, 2024, 03:23:48 AM

Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?

I know newbies are always scared whenever bitcoin is dumping, whenever they are at loss, they do end up panicking and selling it, all what newbies want is immediately they enters the market, they should be in profits immediately, but they don’t know that things doesn’t work like that, sometimes you will be in profit, and sometimes you will be at loss, so when you are at loss, the best thing to do is just to hold your bitcoin patiently, with time it’s going to bounce back, you shouldn’t be in a rush to sell.

If am in your condition, and I already sold half of my investment, and bitcoin keeps on dumping, all what I will do is to reinvest the money which I sold the bitcoin, I know am getting the bitcoin at a cheap price, and I will hold till bitcoin bounces back.

If the market suddenly turns bearish, then why bother continue selling when you know you will only be at loss. Instead, just continue to hold your coins while waiting for its price to recover until you reach your goal price in the long run. For now, maximize your accumulation phase with bitcoin from your profits before. Having a bearish market is part of the crypto market so just be patient in order not to loss that huge.

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Quote from: OjAbram on March 27, 2024, 03:23:48 AM

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Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?

It's good that you stated here the term "trading" because it would be a different case if you're just buying and holding.
If you're a trader, you must learn how to use the stop-loss feature.

It would be a different case if you're buying and holding because you still have an option to sell your Bitcoins at a loss, or you will hold it for a long time and as you hold, you will continue to accumulate even more Bitcoins because the perfect time to buy not only Bitcoins, but altcoins as well is during the bear market. Bear markets are very harsh especially if you're one of the many investors that will be buying Bitcoin at a higher price, and if you're a newbie, you might panic because you will see your portfolio being down more than 50%. You will see your capital being reduced to maybe around 70%-80% of your initial capital, but if you're into crypto for quite some time, you will not that market moves in cycles, and in ~3-4 years, the market will rise up again.

If you're a trader, use the stop-loss feature. If you're a long-term holder of Bitcoin, you have an option to make a stop-loss, or will continue holding it, and continue buying it as well.

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Quote from: OjAbram on March 28, 2024, 02:37:11 PM

My mistake my question rather was on INVESTMENT not TRADING sorry for the confusion.

Experienced traders will prefer to buy altcoins because the price is more volatile than Bitcoin which makes it easier to make a profit. Altcoins also experienced big pumps that could make one make more profit within a short period. But the risk involved in trading in altcoins is great because it can also experience a fast dump or drop in price which could culminate in losses.

When it comes to investment, Bitcoin is the surest and most reliable cryptocurrency. If you understand the Bitcoin market and are patient enough, you will never lose money investing in Bitcoin. $100 might be an insignificant sum to invest because you might not make so much profit even if the price triples but it is a good beginning. In Bitcoin, you invest what you have and why you can afford to live without it. So it the sum is what you have, I suggest you buy Bitcoin and keep it in a non-custodial wallet preferably Electrum. You might consider using a hardware wallet if you can increase your Bitcoin hodling over time.

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Bear season is the best time to buy Bitcoin, all you need to do is continuously accumulate as much as you can, because price can only go up from there, it's when DCA method is most profitable. Inasmuch as you have a source of income that takes care of your expenses, then there's nothing to worry about, because it's not advisable to sale during bear run, only to continue buying till bull run, then sale or keep hodling. So the next step if I'm experiencing a great bear run is to keep buying or pause till it's bull run, but try as much as possible not to sale.

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Quote from: OjAbram on March 27, 2024, 03:23:48 AM

Currently Bitcoin is expected to have a bull run and halving in coming time as we all know it.

Now if you were to make an investment of $100 as a beginner regardless of your country and as it stands Bitcoin is experiencing a bear market (an example) after you made 5% capital.

Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?

Quote from: SquirrelJulietGarden on March 27, 2024, 08:35:07 AM

Quote from: OjAbram on March 27, 2024, 03:23:48 AM

Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?

There are two questions, one for Bitcoin and another one for Altcoin.

Your question is confusing too, trading and investing (holding) are different. If you are a trader, you must know you are not planning to hold and you must be disciplined to exit the market.

Holding is for investing, not for trading.

Bitcoin is a strongest cryptocurrency so after a bear market, it won't die and it will be a first cryptocurrency to recover from a market bottom.

Altcoins are not as strong as Bitcoin and they can die in a bear market. Even Bitcoin triggers a bull market, many altcoins can not recover to their past all time highs.

Risk with trading and investing in altcoins are bigger with trading and investing in Bitcoin.

My mistake my question rather was on INVESTMENT not TRADING sorry for the confusion.

OjAbram

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Quote from: Sim_card on March 27, 2024, 04:07:26 AM

What you should know is that 1btc= 1btc.
If you bought some units of bitcoin, and after your entry point, the price of bitcoin dips. It does not mean that the amount of bitcoin in your wallet has reduced, it is only the price that dropped. So if you are at loss based on what you think, don't worry but use it opportunity to buy more Bitcoin with discount and hodli, because the price must recover, and even pump higher than the amount that you bought it. This is why you don't need to use the money made for important needs to invest in bitcoin, but your spare cash, because when you hodli bitcoin for long, you will make profit. However, if you panic that the price has dump as you sell your bitcoin, you will run at lost. Don't buy bitcoin due to FOMO, and bitcoin is not a get rich quick scheme. This is because the price of bitcoin increases with time-line. I see every bear market as an opportunity for me to accumulate bitcoin. I am not a trader but a bitcoin hodler, if a need beginner bought bitcoin because he wants to go into trading, it is a wrong orientation because you must run at loss.

Thank you so much for this it gave me clarity on my thoughts in sense if I had 0.0005btc which worth $50 per say and after a bear it was $5 as long as it's in bitcoin I have nothing to worry about because it's temporary and will rise again. Just lovely

R100K-Martin-Lunger

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I will continue to invest because the bear market is temporary so even though it might feel like I've lost my earlier investment, I'll eventually recover it because with BTFC, it's all about HODLing, at least that's what I think is the right strategy. So if you do DCA over time, your risk and loss will be spread across your investments and you will end up profiting during the next or the next bull run or whenever you decide to take your gains.

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