What's your next step if you experience a Great BEAR MARKET ? - page 3.

Sanitough

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Quote from: Issa56 on March 27, 2024, 07:15:28 PM

Quote from: OjAbram on March 27, 2024, 04:23:48 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.

We all have been into your shoes, and we are at once lose some of our future profits as well. But instead of regretting, I think this should serve as a reminder that experience will harness our knowledge and skills as well. Losses are inevitable in an investment, but if we don’t find smart ways on how to overcome it, you will keep losing even in your next investment.

My advice is never panic but keep hodling your coins patiently. Dumps are just temporary, eventually we will see another price increase later in the market.

serjent05

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Quote from: OjAbram on March 27, 2024, 04:23:48 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?

As a first timer in cryptocurrency, if I have already invested on the market, then the next step should be learning. Learn how the market moves, learn about the cycles, the schedule of bear and bull market. And learn more about the potential of my holdings.

Being patient is the best thing and is best supplemented by the knowledge about the market of the cryptocurrency we are holding. This way we are able to secure that our patience will not go to waste simply because we are not knowledgeable about our holdings market movement.

Another best thing is to know the timing when to buy, accumulate, hold and sell. Knowing these stuff can enable us to have a high possibility of profit in our trade. So knowing about the market movement of our cryptocurrency holdings is a must. Being updated on our holdings market condition can enable us to cut losses if bad things happens or get the possible maximum profit if the market become bullish. Btw, don't forget to set a realistic selling price. This enable us to have a firm goal over our holdings.

Mate2237

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Op bitcoin is not expecting a bull run but it is already in the bull run. And $100 investment as for me is too small. It as a beginner I will invest in it and hodle it then look for another way to invest more. Op if you are planning for long term investment then you didn't lose your capital in the bear market and the figure you got when the price high still there but you only lose either in dollar or in your country currency. Like example. If I have 0.003 bitcoin now, even if bitcoin goes down to $15k the 0.003 will still be there so all what you have to do is to continue hodling until bitcoin rise again to the new All Time High then you sell it.

And this is the risk involved in bitcoin investment. But if you are good with or having the basic knowledge of bitcoin then there is no big deal.

Issa56

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Quote from: OjAbram on March 27, 2024, 04:23:48 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.

ololajulo

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I'm confident that this bear market could catch us off guard, so I'm focusing on crafting a solid exit strategy now rather than waiting for it to arrive. It's crucial to capitalize on the profits during the bull market and allocate a portion towards preparing for the inevitable downturn. I believe there's still untapped potential in many altcoins, especially considering they haven't reached their all-time highs yet. With another halving on the horizon, followed by another bull run, there's an opportunity to secure profits and gradually transition into a more defensive position for the bear market ahead.

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Quote from: OjAbram on March 27, 2024, 04:23:48 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'd listen to the experience ones and you know what typically they're saying about such bear markets? It is not there to stay forever and the market will eventually get up and recover and that's why all you have to do is calm your heart and mind and it will recover soon. But if the altcoins you're holding aren't that important in the market, they're unlikely to recover so it varies with what you hold. There is no doubt and question with Bitcoin and that's why we always keep moving forward and takes the moment to accumulate more when we're in a bear market. Luckily, I've been through with it and that taught me lessons that I am bringing with me and that's why I am not to worried at all even if we get a sudden correction or we go straight to a bear this time.

freedomgo

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Quote from: OjAbram on March 27, 2024, 04:23:48 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?

Bitcoin will not go into deep bearish forever so you have to look the brighter side instead. Patience is a virtue and in such investments where volatility is its nature, then you have to be more patient as your investment requires it. Don’t sell but rather invest more. You don’t have to fear if price decrease, that’s part of price fluctuations, but rather see it as an opportunity to invest more so you can gain massive profits when you decide to sell when the market is bullish.

Stepstowealth

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Quote from: OjAbram on March 27, 2024, 04:23:48 AM

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

Bitcoin can never get to zero, so there is nothing to fear. As a new investor, if you cannot encourage yourself to be patient because you are new to the market experience, try to reach out to other older investors, who have experienced similar situations before from the market on their investment. Their own experience when shared with you will encourage you to keep your bitcoins and not stop investing what you can afford to spare for the risk of investment.

Truthlovecoins

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I have come to understand that the bullish or bearish seasons is as a result of supply or demand. while the bearish season assures more coin in supply than demanded by investors, the bullish season is a time when the demand for the coin is higher than what is in supply.

For now so far this year we have been witness to more bullish trends than bearish. I suppose it is because of the ETF approval and the much hype about the halving that will happen sooner than later.

I would like to think that If I were a trader during a great bear market, the short- selling position is the strategy I would employ.
This is done by speculating on the falling market prices. If my prediction clicks, then I have made a profit, else it's a loss should the price move against my speculation. More like predicting the outcome of a soccer event.

EL MOHA

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Quote from: OjAbram on March 27, 2024, 04:23:48 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?

One thing I will say is before the bear market happens it is most certain that a bullish market will have precede it. I have set a target first at bull market period and if my profit target triggers I will be taking some profits and what I intend to do is to invest it into another business to help increase my income streams. After this I will surely have a place where more funds come in.

Then when the bearish period sets in there is only one logical thing to do and is to start accumulating more bitcoin. I will use the strategy that has stood for me and that’s DCA and invest my incomes into it until the next bull Period

Hyphen(-)

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Quote from: OjAbram on March 27, 2024, 04:23:48 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?

As a newbie, the first step is to learn and comprehend the market; if you understand the market, you will be able to navigate it if you chose to trade Altcoins.
If you want to invest in Bitcoin, all you have to do is learn how to be patient and buy more during the bear market so that you can gain when the bull market returns. When you lose capital, you should not panic and sell; doing so will result in no gain. In circumstances like this, you simply have to be patient and purchase more utilizing the DCA approach.

Ndabagi01

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Quote from: OjAbram on March 27, 2024, 04:23:48 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?

When I encounter something like this in my investment, I will seek advice from professionals on what to do next, but because I am not a beginner, the best thing to do is to buy more (which is DCAing), as the strategy has proven to be very helpful and effective in achieving maximum accumulation while also generating enough profit when the market goes in your favour.

One thing you should know about bitcoin is that after every dump, a bull always follows. It may take a long time, but if you are patient, you will get what you want from your investment at the right time. Patient is key here, and if you instill that virtue in yourself, you will not have a problem with the bear market, but will instead see it as an opportunity to buy more bitcoin rather than panicking to sell.

Maslate

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Quote from: OjAbram on March 27, 2024, 04:23:48 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?

Note that you will only lose if you decide to sell your coins, but if you continue to hold it until its price recovers and skyrocket, I think you will never end up losing. The best thing you can do is accumulate more coins while the market is bearish so you can maximize your bitcoin portfolio and only sell them when the market turns bullish. However, on part of altcoins, it’s risky to invest on them so always chose to invest in highly potential altcoins and only limit your investments with them as you can’t be sure if their value will certainly recover or stuck in there.

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Quote from: alastantiger on March 27, 2024, 04:30:15 AM

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.

Nope that's a very bad idea. Yes Bitcoin most times influences the price of other crypto or altcoins in the market (they seems to be altered by the speculation of Bitcoins bull) but yet, not all the time will they rise again even when Bitcoins price had recovered from a recent bear. Asking someone to get altcoins when there a bear is like telling him to invest in a no future investment and there's no guarantee they will also recover. Bull or bear, the best investment is Bitcoin and it still stands. If you are a long term holder and a true believer of Bitcoin, the you won't have issues holding for longer periods of bear.
Bear season is even the best time to purchase Bitcoin as you are vet sure that it's price will recover after some periods of time. Don't be fooled by volatile movement of Bitcoins price or speculation of altcoins in then market.

Alpha Marine

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It's bitcoin, it'll definitely go back up, so instead of selling at a loss, I'll leave my Bitcoin because I know it will rise again no matter how long it takes. I know it's easier said than done, but it's not the first time bitcoin has dipped after I made an investment and I've been with bitcoin long enough to know it always recovers.

If I had money at the time, money not set out for anything, I think I'd most likely buy Bitcoin at a cheaper price too. That's an opportunity for me to buy Bitcoin at a cheap price and an opportunity to make more profit when it pumps.
The dipping of bitcoin price is always an opportunity for someone, that person can as well be me since my investment is deprecating too.

By the way, I think this topic should be in Bitcoin discussion.

knowngunman

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Quote from: OjAbram on March 27, 2024, 04:23:48 AM

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

I don't know if I am the only one who is confused here. You talk about holding for a long time and now you mention trading again. For clarity sake, Holdling and trading are two separate and different things. As a first timer investor or trader, you must be panic surely but it's important for you to understand the nature of market and it how it works. From the time of investment you should prepare yourself for such cases at one point and how to remain steadfast in your investment. Your investment can only reduce in amount valued but not in quantity which means you are still on track whenever the market bounce back. If you are always looking for a sign to recover, you are not ready for long time investment. Long time investment is characterized by patience and endurance of whatever market situation until your target is reached. As for trading, stay far away from it as a first timer in this space.

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Quote from: OjAbram on March 27, 2024, 04:23:48 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?

Maybe converted into stablecoin first when you see the peek of a bull season. Then wait for the coins to settled again thats how my plan to do on next bear market. Then focus on grinding some new projects or airdrops while waiting again for another bull season. Im not a pro trader so wouldnt bet my money on that.

SquirrelJulietGarden

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Quote from: OjAbram on March 27, 2024, 04:23:48 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.

Nheer

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Quote from: OjAbram on March 27, 2024, 04:23:48 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?

When experiencing loss the idea is to keep accumulating more at every dip and never panic to sell, stay strong and keep HODLing because the drop in price is temporary.

Every first timer will definitely panic and would want to sell as they are experiencing loss but the best thing is to keep to your plan regardless of the loss experienced on the way, if your initial plan was to hold for a long time then I don’t think you have anything to worry about because bitcoin is a coin with so much potential and no matter how low the price goes it will definitely rise back up so I don’t think there is nothing to be scared about. During the bear market is the perfect time to acquire more bitcoin to prepare against the upcoming bull run so at times like that when you are experiencing a loss my advice for you is to keep accumulating more bitcoins and stick to your plan and hodl for as long as you can because after a bear market there will be a bull market where everyone recovers their losses.

Husires

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We are now halfway through and the long-term price of Bitcoin is around $70,000. you need more time and learning about investing, or make your investment short-term so that you sell it in june-july next year.
It is not the ideal time to buy altcoin. Invest mainly in Bitcoin and leave a small percentage to invest in altcoin so that you trade instead of investing.

During BEAR MARKET, investments are limited to altcoins and long-term investments to Bitcoin.

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