Topic: When the tide goes out (Read 18520 times)

There are lots of good altcoins to buy and some of them are beyond top 10 but still worthy. Investors don't just look at the top 10 or 20s they look for a tokens who have a potential to grow in the future and that is what they were doing. I've seen a lot of them from before holding such altcoins from before because they believe that those tokens has some potential to grow.

Who can say? Coins come and go in the top 10 unless those that are firmly planted there like btc, eth and ripple. Just a month or two ago tron wasn't in the top 10 so you still can't be so sure. Unless of course you have the luxury of buying and keeping them for a long period of time, then that would be profitable.

Ironically, the top 10 altcoins are good for both buying and selling

That is, they typically show good daily volatility which can be used to profit off it by riding rebounds and corrections. Most shitcoins have already crashed to their bottom (but this bottom is final for them until they are left for dead), so there is not much you can squeeze from them. Apart from that, you can't short sell them as the trading volume in these coins is small and exchanges like Fitfinex don't allow to margin trade them anyway

Those top 10 in market are really worth it to buy.  We should not buy cryptocurrencies that have poor capitalization because for sure it doesn't have good support from the community.

buying top coins in coinmarketcap give us more comfortable.most of them have high liquidity and high daily trading  volume , so when its price down alot much traders buying these coins so easy to recovery again.personaly i will not hold shitcoin that has no volume.

right, I myself prefer to buy the top coins for safe reasons too. I don't really expect when bullrun will happen soon, but clearly bullrun will happen, I don't want to expect it like in 2018, which erodes psychology

That's safe, top 10 crypto in the market are all good coins, they are here because they are profitable.
With the current market value now, price is still profitable when compared to the starting price, so it's safe as it might bounce back soon.

I will only buy crypto with the top 10 ranking in coinmarketcap, if I trade on the cryptocurrency market, I think maybe it could be a good quality crypto indicator when there is a bear market and ready to get green candles

they may lose capital when the market is bullish, at that time the price is still high. if you experience something like that, of course patience is a good step to wait for the market to improve, especially soon there will be some good news for cryptocurrency

Bear market is an eye opener, but a lot of people don’t know that yet. I think they are blinded by their search for quick income. Once there is bear they all start running out the market. This is the time for you to settle down and use better strategies that will sustain you through out the period. There are still chances to earn even as the market is down.

Big waves are coming, and only good coins will be able to reach the top again and expect that shitcoins will just follow the waves back to the sea and be gone for good. Bitcoin is too big for any wave and I know we can expect a higher price this year, I’m just excited for that one but still we need to wait.

I made your own reasoning and I sold tokens of projects that I think do not have a bright future, even if I am at loss and I put the money in projects that I believe more.

When the market will start to rise again, many projects will not go up because they will probably fail, while the good ones will.

Thank you and I will absorb this.

I have been meaning to sell some of my coins and tokens for they are really in a bad shape by now.
Some says it aint a wise move but I think there is a one chance that I could improve.
Stepping up is difficult task for it is scary with what ifs.

Maybe I should really sell for a better performing coin and just ride the wave rather than staying with coins that aint going to move anymore.
Love playing with the underdogs but it is a new year so changes should be made.

Yes I also think that the situation in market us saying good things about crypto and for sure bitcoin will exist too long as compare to all other Alt coins because it is the first crypto currency and it has strong relation with investors now. I can see bright shinning future for bitcoin.  Soon market will move higher.

I tend to disagree with this attitude

While it was certainly true for a few last years as it was all mostly unpredictable speculation, this is no longer the case. Now we have Lightning Network about to be released, and what's more, we can actually see how many payment channels are there and how many coins are used for facilitating payments. Indeed, it is hard to say whether they are actually used for that purpose as people may just choose to run LN nodes instead of keeping their light under a bushel (pardon the pun), but it is still something which can be used as a factual and authentic metric

Or it might be another disappointing year. Nobody really can say. Just pure speculations on anyone's part and still the market will go on like any of us matters to it.

Supposedly we've been looking for this last year but it turns out nothing happen with the market.  We're on the track again and we do hope that it will continue to rise even reaching into 20% high.
May this year will be a good year for crypto and people will turn back into investing again.

  Yes mate you are right we should be patient because it is only to hold with patience for long term. This is profit making way that you can have without any lose. The tides are now going high with time because bitcoin is the greater thing and great things takes time to rise but once when it will start rising then it will not stop.

with a slow but sure process, I think it will produce a good ending. therefore we must maintain psychology so as not to panic, to help the market get back on track. the spread of good news certainly can strengthen the psychology of investors, so that it can change the situation. as is the case with the news and ETF news that will take place soon

The most interesting thing is that the tide can wait quite a long time! Even if you are sure that the wave is gone - can always come the second wave carrying away the remains from the coast, and you will not be ready for it again.
Yes, today all altcoins are reduced and the price is very tasty, but be careful in this market - here the money is lost very easily!

indeed the current increase is taking place. but the increase certainly occurred slowly. so we have to be patient in waiting for the increase in bitcoin. because every success is not done in a hurry, everything needs a process.

Why you people are using different terms which are not common in this forum ?
tide = trend
direction of sailing = buying or selling
ship = coin

Personally I do not think that I need to switch over to another coin just for the reason of bitcoin is not performing well. Trend will change and everyone will come back to bitcoins for sure.

If you people are very much centric about changing your ship then I believe you all need to quit cryptos and may need to invest with stocks and gold. Because, within this space everything is bind with bitcoins as we do not have independent asset which is getting its value on its own, everything here are valued in BTC.

That's simply not true

Well, actually it is not so much untrue as irrelevant for the long-term success of a cryptocurrency. Let's admit that all decentralized blockchain-based coins do essentially the same thing using the same technology. Some do it better, some, uh, not that better. But this doesn't mean that coins which are faster and cheaper (in terms of transaction costs) are going to make it. How come? The reason is pretty simple as these are not the only factors at play here and maybe not even the most important with that purpose in mind

There is the first-mover advantage, which you can't discard and throw away, there is the level of real adoption, application and recognition the world over, there is also a question of trust and reliability in terms of network resistance to all possible kinds of attack vectors, and likely many other questions which are not in the realm of being fast and cheap at all but which are still of utmost importance for actual use and application. How many coins other than Bitcoin really cut it from this perspective?

The adjustment happens always has its own reasons. some investors will be better in 2019 because they are aware of the good altcoins they have not invested, others do not.
We should take advantage of this price adjustment of the market to change the investment strategy. This is the time for us to show our talent to make money. Show them your trading ability.

Are you kidding? If you ask me, that has everything to do with investment. And risk management. Divorces and divorce lawyers are not for kicks (and faint-hearted). It may turn out to be the best investment of your life ever as well as the most disastrous one


Maybe, you don't know how to search? In fact, Google can't search on closed forums which require registration just to read them, though I'm not sure if boards on investing.com are that closed (haven't been there for a while)


There's no reference to trade in these quotes, so don't twist their meaning please. They are all about not marrying an asset, investment, money, token (with the latter two being asset classes as well), the meaning being essentially the same, i.e. the one that I stick to here

As I said, tread carefully

Yes, but it has absolutely nothing to do with investment.
 

Interesting. If it's so common, why does Google turn up nothing? It endlessly crawls the internet indexing things that people actually say.


Right, so literally one post in four years.

The other posts you quoted specified an investment/trade, which is exactly the point I just made. "Asset" doesn't clarify that. It doesn't specify either side of a trade, which is why it's not something people say.

Anyway, I have no idea how you managed to belabor this so much. My original point (which still stands) was simply that the asset doesn't matter, not one bit. Managing risk (and thus emotions) is what matters.

You are referring to speculative waves of interest, what really matters is if the underlying usage of coin is there or not.     If there some purpose to its continuing natural circulation and distribution for transmitting value or whatever that utility that coin gave then it'll continue.   Many alt coins are faster and cheaper to use then bitcoin so I dont see them being quite as negative as people might think

It’s best to get to know these things before bear market. Some markets are not worth your time and investment and if you leave your money in it, by the time bear market arrives its going to be late for you and there is no pulling out, you will just get stuck in it.

Some of the coins that are down now are not going to recover again and those who invested in them have lost their money and there is no selling it, cause nobody is ready to buy a shit coin, so it’s too late for them. That’s why I don’t really go for new coins. Most of them are not worth it.

Cryptocurrency price movements are like waves that can have ups and downs but it won't be easy to predict, but the most important thing is maybe you can see the graphics that occur in bitcoin, when bitcoin is red then you can buy it and when you sell it , when the red condition will definitely be green someday and when the green conditions will definitely happen red someday, only that movement can you predict.

I'm not sure whom you refer to here

If the guy from the last quote who actually wrote about dating his tokens instead of marrying them, it was written only a year ago. Do you find it strange to date someone for a year? Too long, really? Anyway, we don't know if he actually dates the same token. He may be changing them as he sees fit, today they are here, tomorrow they are gone. Isn't it what not marrying an asset is all about, i.e. dating someone here and there but not necessarily the same one?

That man really had some serious puzzle talks that you should identify for your advantage.

You were also true about how to deal with the market bearish. I just wanted ti point out tho that there were also called bubble coins that we should be aware of and to avoid it when its needed.

Therefore i can say that base on how you deal with the tides is still always not be beneficial to you

this year the waves will soon be extinguished, and the sharks will begin to move again, then the pump will start soon. I say this because I see a market situation that has now started to increase, and there has been no drastic decline.

So the secret is really dating them not marrying it? I have read somewhere he still  has the same amount of bitcoin since this began.

 And I presumably think he has not sold any of it.

Yes, and I wholeheartedly concur with it. So is it common or what?

Regarding its use in investing or trading contexts, now I recall that I often met this expression in the commodities section of investing.com (in the crude oil part, more specifically). But as you were trying to search it on Google, now I'm seriously doubting that it is me who is to expect future misunderstandings. Maybe, you are not as knowledgeable as you think you are, both trading and English language wise? No need to get all defensive, just in case


Kidding aside, searching the forum would suffice:


As you can see, the meaning is pretty straightforward in trading and investment contexts. To me, it doesn't look like uncommon, either. Maybe, you should learn how to use the search button?

Either way, I don't marry my bitcoins, I date them

It is still the manifestation of the law of supply and demand. Selling coins would always not result to a sold coins. Bulls always looking on what coins to buy whether it's reliable or has a potential rise after they buy and it is not the bear that has the upper hand in every trade.

The phrase about "marrying an asset, not a liability" is literally about choosing a spouse. Maybe you could link to a source that explains the investing concept? I couldn't find anything on Google.


Tread carefully?

No need to get all defensive. I understand what you were trying to say now. I was just pointing out it's not a common expression in English, and it's not very clear when used as an idiom because it doesn't convey a complete idea.

Don't marry your trades is, on the other hand, a very common expression:

If you want to be a good trader, don't marry your trades
Don't Get Married To Your Positions
Don't Marry a Position!


I believe that's the expression you're looking for......

I don't know about English (actually, there is a phrase about "marrying an asset, not a liability") but it is a well-established term or concept in trading (investing) meaning exactly what I put into it. But nevermind, it is not me who coined it and something tells it comes from some big gun in investing, maybe even from Warren Buffett himself. Being married to an asset means you are making things too personal with it, regardless which side of the trade you are on. In other words, you jumped into a minefield with your comment, so tread carefully

And no, I can't say if you are married to Bitcoin

Okay, well just so you know, your expression isn't clear and isn't commonly used in English, so you should probably expect future misunderstandings. You're referring to "bagholders" and "permabulls" (people who always believe price will rise and refuse to sell at a loss). "Marrying an asset" doesn't actually specify what side you're trading (long or short) so it's not a useful expression.

I mainly only trade Bitcoin these days. You could say I'm "married" to the asset because I don't trade anything else. I also shorted Bitcoin to the ground last year and didn't lose money by holding it. That's why the distinction is worth making. If someone is "married to an asset" that tells you absolutely nothing about his success as a trader. If someone is "married to a trade" they are a bad trader.

That's why I called it the first rule of trading which any trader should follow

You will be surprised how many people know that and how many of them can't do anything with themselves to actually implement this or similar approaches in practice. It is written in every trading book out there but unless you have it inside you, you will be making the same mistakes again and again. It is not just about stop-losses and whatnot as it is more about putting your ego aside and truly following the market, not forcing yourself to do something in accordance with a trading guide but genuinely making that part of your inner self. When you have it or have acquired it, you become an authentic trader

Ironically, it massively helps in real life too by helping you not to get into or quickly disengage from what I call a "resonance cascade" (that would match doubling down on a losing position)

Still marrying just one asset would make a horrible life for any trader. It could be marrying one asset or marrying forecast, doesn't really matter. Any person that tries to make money enough to live from trading knows that you need to not double dip on your position and instead balance it out with the other counterpart.

For example if dollar devalues than gold is a good option but you can still have stocks that you invest into AND gold. It means if you want to trade crypto which is not really tied to anything, you need to have something that is tied to something so in case one drops the other goes up. However, stuff like stocks has dropped this year while bitcoin has dropped as well which means even if you followed my system you would have lost money no matter what. There are that type of economical crisis times where whatever you do will be horrible.

If you don't go to the market, then the market comes to you

Really, if you are massively invested in crypto, how can you stay away from the market in such times? Indeed, you can stay away from it if you choose so, but that questions your whole effort and ability at investing in crypto. If anything, crypto is not what passive investments stand for, and your only chance to survive "at this point" is to be active and adaptive. If you want passive income, you may want to look elsewhere, e.g. in gold or treasuries


Someone's got it right finally


I like your train of thought - ships which are seaworthy and ready for the next tide (or ride)

My game plan for the last 6 months or so has been to get rid of the poor
performing coins and trade them into bitcoin which has obviously a very
good performance.

There are however promising coins or sturdy ones and they are not those
cheap coins which have a big following of hopefull investors. Coins like
the old reliables or "the original alts" Ethereum, Litecoin, Monero, Dash,
Monero and Zcash.

We could also look at Ships who are seaworthy and are prepared ready
for the next tide.

It looks like there's a misunderstanding

What you refer to by marrying a trade, I consider marrying an asset. It happens when an asset earned you decent profits in the past and you get glued to it (marry it) by holding it despite the fact that it now brings you only losses and it should have been disposed of long ago. Buying and selling an asset as market dictates has nothing to do with this. Really, how can you possibly be considered a truly married man if you are ready to get rid of your wife as soon as she has her period started (and get back to her when it's over)?

That word you quoted by Warren is mostly applicable to all endeavors of life without specifically mentioning crypto currency. This period of time admittedly is a trying time for the entire market which makes a lot of people stay away from the market at this point, only people who have the real conviction are still playing their part here. Even on the forum, a lot of people have stopped visiting because of the dull nature of activities but the year is just starting which brings so much hope and opportunity to reset which everyone should be ready to take advantage of.

Marrying an asset isn't a problem. As long as you're comfortable trading both long and short and you can use leverage to account for lacking volatility, you'll do fine.

The downfall of traders is when they marry a trade or forecast. A lot of traders get tunnel vision and refuse to admit when they're wrong. This leads to letting losses run and other emotional mistakes. Successful traders never get attached to trades. They exit when their stop losses are hit and react to changing market conditions.

You do not become a Warren Buffett by being stupid, you become one by being smarter than the people around you. I do not agree with his views on Crypto currencies, because I think he says these things from the perspective of someone that are resistant to change.

He basically found a good strategy and also some very good contacts in the old financial system and he rinse and repeat those strategies.

Alt coins does not necessarily show their weak underbelly when the price drop like this, because the people behind these coins are artificially pumping the price with the earnings from FREE coin reserves in fiat in the difficult times. 

When the market experiences difficult ups and downs, active traders must change their strategy for profit, and at present many early traders are always panicking to have profits and make difficult decisions. Learning this is indeed more complicated than we thought, and may require learning from crypto seniors.

It is so complicated and that is the reason I have chosen holding type of trading for myself. When something is difficult to handle we must look for the easy way to achieve the same goal. With respect to crypto trading, holding must be the easiest way to achieve the maximum profits. Time-frame will be different for achieving that goal but when comparing active trader with the long-term holder  if you look into the ratio of profits, I believe only the long-term holder will be the winner at the end.

Changing the trading strategies and then assets like this lot of hassles are being handled by many active trader whereas the long-term believers of bitcoin are simply watching their profits fluctuating. Yes, I'm not talking about those who have invested when the bitcoin prices were trading around $20k but the early investors who had taken their lifetime decision by the year of 2012 to 2016.

Moreover, Warren Buffett still remains a genius with respect to trading, But I am predicting he will turn wrong one day or another just due to bitcoins. Yes old people may not cope up with new technology-based investments. Many people here may not agree with this but this is a bitter truth as old people cannot estimate how a modern investor will be behaving and what they will be looking for.

The decision of an ETF will affect bitcoin, is it possible? what I observe is that many of the crypto lovers don't care about the outcome of the decision because of the frequent delays. And this year we are waiting for the ETF's decision about bitcoin, and I will only let everything go according to the plot.

That's not the only reason, some of the ICO are raising ETH because they are using the ETH platform.
Massive adoption is what would help bitcoin to rise again, or a possible institutional money to come in, we should only not look at the crypto market because there are many transactions through OTC.

By the way bitcoin still have value at the future, based on how many ICO are launch every time, bitcoin will be keep exist for long time. Always have higher price than other coin.

right, those who are impatient make panic and affect the market. they think it's better to lose than the money runs out, and this is one of the reasons for the market to decline. but with the news of the ETF and the Bakkt I think it will improve the condition

Indeed, learning a tidal market is more complicated, but wise decisions must be taken to reduce our losses. The waves are trying to get back up even though many waves hit and see situations that allow it to be thrown away.

It looks like you don't make a living off crypto

And more specifically, cryptotrading, since otherwise you would soon be broke. The first rule of a successful trader is not to marry an asset, however personally attractive it might look or feel. Well, maybe it's not the first rule actually, but it is the one which you should invariably follow with your skin being in the game


Yours truthfully, I didn't mean Bitcoin

I am mostly talking about altcoins, including the major ones. Mind you, I don't suggest anyone to drop their holdings like shit, but as I am repeating over and over again here, in these turbulent times, Bitcoin is the safest haven in the cryptoworld, the lowest (or highest, depending on your perspective) denominator of sorts. And when everything is down, everything in red, use this opportunity to reshuffle your portfolio based on how different coins behave - sell low, buy lower

True believers are still here standing strong while the get rich quick people have left the boat.  A lot of people lack patience and they are ready to bail if they don't see quick gains.

It does look like ICOs are starting to die down and there seems to be a lot less activity on this forum as well.

If you go for checking out many boards across this forum, you can find most of people are suggesting about buying at dips but I'm not sure how many people are making use of those suggestions. I did few in last 4 months and now waiting for another dip to enter again. I'm not selling out any of garbage as I am still believing in to them to bounce back at any time. Also I have bought few major altcoins. Usually I am not believing in to most of altcoins  but this time I am finding this is an easy way to have more bitcoins for the same money, just as a part of making use of low tide.

I guess there will be no need to change the direction of sailing nor the ship as I am still believing in to bitcoins moreover I am still in profit with my bitcoin stash (bought them by early 2015). Usually people do think about those "options of changes" only when they are frustrated due to losses.

Another tide will going to happen. This is usually the happening in the sea the occuring states of tides. I know that many are thinking that this could be the start of something new for bitcoin but for me it is neither good nor bad. It is just market and that current market price could still pull down for more.

I think we should distinguish between real economy and financial one

Obviously, stocks may be falling and if you are an investor that may look or feel to you like the end of days, while for the average Joe, I mean, for the one who is not heavily invested in anything (i.e. people from real world with real jobs), things don't necessarily look as grim. After all, the companies whose stocks are falling are not going anywhere provided they produce real value, not air (in Warren Buffett's terms)

Apart from that, we shouldn't forget about the inverse relationship between inflation and unemployment rates (in reasonable limits, of course). When inflation rates rise, unemployment rates typically go down, i.e. more people get employed, which is good for the economy as a whole because the total output increases. To sum it up, things are complicated in the modern world

Yes when we are analysing the good things it will be only showing our confident so investing and good times and good way will be the right thing for us and it is the helping equipment for our life doing itself is the better way.

but at least dirt coins will take casualties for those who are not yet good at analyzing. moreover the coin is from ico where many investors invest their funds. on the other hand there will be an evolution where only good coins will develop and still exist. so that there will be a positive competition

I would agree with that, it's an eye opener, I myself understands now that shit coins has no chance to grow in the bear market, these coins are profitable during the bull, so I keep them, I only knew they were shit coins when they fell hard and seems like no one is interested in trading them.

Going forward, I believe what the bearish market thought us is to be smart and be matured, we've seen our coins potential and in the long run, we will be able to make the right decision based on our experience.

The economy is quite strong right now. GDP showed continued growth in 2018 and unemployment is quite low. While there are signs that growth may be close to peaking (in the sense of broad business cycles), I'd agree that people are too hasty to proclaim "bear market." There was arguably a lot of overspeculation in the stock market throughout 2017 and 2018, and now we're on the heels of a strong 10-year bull market. So it shouldn't be any surprise the markets have corrected down to 2017 levels.

Of course, they will drop since they were just following the path of Bitcoin. And yet we haven't seen the market rising, most people may have accumulated as many tokens they would like to hold in the long run.

Most altcoin will follow when Bitcoin starts to have a bull run. And we will just have to wait for that time to come.

The bear market also tells you which coins get dumped first, these are the ones that people don't really care about - only a punt with a little hope. Most will hang on to major coins like ripple, Cardano and other top 10 coins.

I intentionally tried to keep it abstract

Without the danger of being buried and lost in as useless as fruitless arguments and debates that are set to invariably follow otherwise. But truth be told, the reason for this topic was exactly because I personally felt what I'm trying to convey here and what Warren Buffett is warning us of. Basically, I felt it with my own skin in the game that if we cast away all the noise and bullshit produced by crooks like Craig Wright or Roger Ver and their braindead minions, Bitcoin itself is the ultimate survivor

Myself, I'm inclined to think it is a game-over for the majority of altcoins, most of them. And if you have other coins, it may be the right time or even the last chance to unwind while the prices are that low (for Bitcoin). Sorry if this is not what you wanted to hear. But even if I'm wrong about Bitcoin, the approach still stands

You have a very abstract post. If you have found for yourself some coins that you consider really strong, then share it with the others, or why then this post? In the current falling market, everything falls. Bitcoin falls less, altos fall more, but everything falls. If the market starts to grow, the alts will grow faster than the cue ball. According to your philisophy, some of the coins have advantages over others. To be honest, I did not notice a single coin, which would have obvious advantages over others. But if you share your thoughts, I will be grateful.

I always respect the opinion of Warren Buffet even his comments about Bitcoin even though it is harsh and mostly negative I never got offended by it as I know he is talking about it as an investment opportunity and as an investor he couldn't take the risk of buying it into his portfolio. As for me I often get out of my position even before the bear market has affected my gains in this way not only my capital is not affected but it is also set to jump on the next target I am aiming to buy, but surely bear market for me is a buy season in which everything is at a discount. The only hard part about it is picking where you will put your capital on.

Maybe, his insight on cryptocurrencies is more like outsight (or overlook). Regardless, he was making himself clear on crypto as early as 2014 (if I'm not mistaken) and then, given the circumstances and even more so for their consequences (the Mt. Gox affair, to give you a lead), his words might have been perfectly justified. And he may regret them now, and he can't possibly accept being wrong as that would question his other words. Other than that, Warren is also notorious for being very cautious about giving assessments on the future behavior of any asset out there

His favorite phrase is, "I don't know"

This describes totally and in very detail the whole 2018. The year that passed was a corrective year where we get rid of coins that are not worth being in the crypto market. A bear market is a good indicator that shows which projects are performing well and which are not. I agree with the quote of Warren Buffett but I don't agree with his insights for the cryptocurrency market.

Oh, now you are talking about the state before the next bull run (implicitly postulating it)

Obviously, in a bear market bears don't leave it. If they did so as you (erroneously) assume, the price wouldn't be able to tank so much. Bears are not the ones that just have the coins, they are the ones who have them and want to sell them at the current price, per definition. Note that we are talking about what exists at the moment without making any assumptions about a future market. As I said in my previous post, it is not the coins that get sold, it is the coins that don't and which don't get bought due to not enough buyers, the coins that stay in the orderbooks that make the price drop. It is called resistance, get used to it. If your theory were correct and bears had taken their loot home (or didn't bring it to the table in the first place), we would have already had a bulls market (which we don't yet)

Oh, now you are talking about the state before the next bull run (implicitly postulating it)

Obviously, in a bear market bears don't leave it.  If they did so as you (erroneously) assume, the price wouldn't be able to tank so much. Bears are not the ones that just have the coins, they are the one who have them and want to sell them at the current price, per definition. Note that we are talking about what exists at the moment without making any assumptions about a future market. As I said in my previous post, it is not the coins that get sold, it is the coins that don't, the ones that stay in the orderbooks that make the price drop. It is called resistance, get used to it. If your theory were correct and bears had taken their loot home (or didn't bring it to the market in the first place), we would have already had a bulls market (which we don't yet)

I'm talking about those holding bitcoins - as the price tanks, bears leave the market, not inundate it. What you are left with before the next bull market is a market full of bulls, not bears - this is what enables it to achieve the next bull market peak.

You got it totally backwards


If it were so, the prices would be rising

Not every coin gets sold, that's what is driving prices down. When there is a rush of sellers wanting to sell at a certain price, there is a lack of buyers at that price, per definition. Then the overwhelming supply is not met with weak demand as some coins in the orderbooks remain unsold. That moves the price lower to a new equilibrium or balance due to competition between sellers as there's always someone willing to sell at whatever price. Sellers stand for bears, buyers for bulls, the end is history

What the hell? You have that totally backwards.  Every coin sold is a coin bought.  Bears sell in bear markets, bulls buy - so the lower prices go the market is being infested with bulls.

This would be "buy high, sell low".

Concerning traditional investments, a smart asset allocation would tell you to do the opposite.

However, as we are in this crazy cryptocurrency market, I don't think it would be wise to buy more of a coin that lost 90% of its value (as it may never recover)

I have a few coins that lost about 90% of their value... they are almost worthless now. I will not sell them... because they aren´t worth anymore.. but I will hold, and see if they recover at least a little so I can sell in the future...

As another famous dude - John Keynes - said, the market can stay irrational longer than you can stay solvent (or something to that tune). From this perspective, it doesn't really matter if the outlooks are bullish and metrics are positive. Anyway, personally I stick to a very simple definition of a bear market. It is the one which goes south for long enough time to consider it in a long-term downtrend

If prices continue to decline, the market is infested with bears, end of story

....

Interestingly, we have little indication of a bear market. All economic and business metrics appear positive and hint at growth.

What we're seeing with the DOW is a massive dump by whales, executives and major stock holders. It could be coordinated and hint @ market manipulation.

These questions are difficult to answer. Especially for someone like me who hasn't paid much attention to markets for a long time and is constantly surprised at the low standards of information available.

As the famous Warren Buffett once ironically observed, you only find out who is swimming naked when the tide goes out. Now that the tide is gone, it's time to check what's left and pick it up

Many trading folks, me included, like quoting him, whether spot on or completely beside the point. But the talking crowd doesn't really care about the real insights and nuggets of wisdom this man shares, other than what is right at the surface. And there's always more to his words and sayings than the majority sees. In this post I'm going to show you what it means in practice and how to make use of it

In this particular case, for example, the market crash has shown which coins are going to kick the bucket and which have good chances to survive. But these are extreme cases, while there's a lot of space in between as well as room for action and improvement. Basically, falling prices let you clearly see what assets are performing better and which are not worth your time. Bear market is kind of an eye-opener for you and reality check for your investment decisions

And this is the whole thing. Bear market allows you not only to see where your investments are going but also lets you easily unwind them by selling poorly performing coins (if we talk about cryptos) and then proceed to buy more resilient coins at half the price as the market goes downhill. That's what most people overlook in bear markets and so fail to take advantage of. In a nutshell, it is a perfect time to change sails or even the ship itself, tide or no tide