I've been telling people for the last 4 years that the time to sell would be not a price, but a point in time. I chose early December of 2021. When all of my friends started hitting me up as Bitcoin was pushing up towards $50K and asking if they should buy in, I let them know that we were in the 9th inning of this run and the advice that I repeatedly gave to those close to me was this...
"It's ok if you want to speculate on Bitcoin during the bubbles, but know that if you're still holding crypto come Christmas time you're probably going to lose a lot of money."
While I may not have hit the date exactly, considering the time frame I think I did pretty well. Nevertheless, nobody listened and now I'm hearing about how crypto is a scam that cost them half their money. Oh well. On to the next cycle. I would advise people to buy big if it hits sub-$10K in the next 2 years and don't forget to sell your stack in December of 2025 this time.
Topic: Who saw the Bear market coming? - page 3. (Read 777 times)
Tried to tell my friends back in the summer that $60k+ was a good time to sell because bear market was incoming.
No one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.
Now, 6 months later they are all talking about the crash incoming.
N00bs....
No one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.
Now, 6 months later they are all talking about the crash incoming.
N00bs....
Happens ever market cycle. When people are greedy AF it's time to start closing longs and preparing for the downfall. No market can continually sustainassive gains no reason the think crypto will ever break that. Easy solution sell when everyone is buying and buy when everyone is selling. Typically works out well.
In short, inexperienced investors, maybe it's there first time to witnessed a bull run and thought that it can go on forever like this and never saw the top coming.
But this could be a good lessons for them, and maybe will change their perspective on how to long at the market and in the future will know how to react correctly.
This is very common, intellectually it is very easy to see if you look at the charts that bull markets are followed by bear markets and that it is impossible for a bull market to go on forever, however when a new trader or investor experiments a bull market for the first time it seems to them as if it is going to last forever and that it is unstoppable.But this could be a good lessons for them, and maybe will change their perspective on how to long at the market and in the future will know how to react correctly.
So they take risky decisions, like using leverage, asking for loans to a bank or to their friends or even sell their house to put more money in the market, and that is when the market begins to go down and we see all kind of bad decisions being taken as they are in complete panic, since they were not expecting the market to suffer a downturn at that precise moment, even if we know that something like that can happen at any moment due to the unpredictability of the market.
Tried to tell my friends back in the summer that $60k+ was a good time to sell because bear market was incoming.
No one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.
Now, 6 months later they are all talking about the crash incoming.
N00bs....
No one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.
Now, 6 months later they are all talking about the crash incoming.
N00bs....
There are also just as many people who called the top way earlier than the actual top...
What's your point? No one can predict the future and hindsight is always 2020.
The people who are getting wiped out right now are either a) over-exuberant about the state of the crypto market or b) over-leveraged and have bad portfolio management. It's not that they did not know when the top is coming.
In short, inexperienced investors, maybe it's there first time to witnessed a bull run and thought that it can go on forever like this and never saw the top coming.
But this could be a good lessons for them, and maybe will change their perspective on how to long at the market and in the future will know how to react correctly.
Experienced traders will do trading both at dump and pump.Because they know, the price will vary for sure.The lesson from the trade is happened both with the loss and profit.If you had loss 1000$, you should not worry about it. In some days with a huge analysis you can easily earn of 5000$ in a short period. Only way to get huge profit, holding is essential one.The time will answer us for our investments.
Tried to tell my friends back in the summer that $60k+ was a good time to sell because bear market was incoming.
No one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.
Now, 6 months later they are all talking about the crash incoming.
N00bs....
No one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.
Now, 6 months later they are all talking about the crash incoming.
N00bs....
There are also just as many people who called the top way earlier than the actual top...
What's your point? No one can predict the future and hindsight is always 2020.
The people who are getting wiped out right now are either a) over-exuberant about the state of the crypto market or b) over-leveraged and have bad portfolio management. It's not that they did not know when the top is coming.
In short, inexperienced investors, maybe it's there first time to witnessed a bull run and thought that it can go on forever like this and never saw the top coming.
But this could be a good lessons for them, and maybe will change their perspective on how to long at the market and in the future will know how to react correctly.
yes, if he feels he can predict the market, why not use that knowledge to his advantage? you can't expect people to follow your advise. now, it is up to you how you will use that to your own funds. bear or bull season, everyone has their strategy on how to approach the market.
and besides, at the end of the day, you are the only one who can manage your funds. you can hear fud or advise, but the actual work will be on you. they don't care what you will do with your money. so don't be affected of what other people are doing to their money, it is not your business.
Each of us can speculate and predict the price of bitcoin for the future both by fundamental analysis and technical analysis. Sometimes it's right and sometimes it's wrong (perhaps more often) and it shouldn't be taken as financial advice. Predictions are not 100% correct so people say dwyor and dyor so anyone who believes must consider all possible risks.and besides, at the end of the day, you are the only one who can manage your funds. you can hear fud or advise, but the actual work will be on you. they don't care what you will do with your money. so don't be affected of what other people are doing to their money, it is not your business.
After hitting ATH heavily in November, I have to admit that bitcoin has dropped quite a bit to date to be down to $34K. I see there are similarities between April ATH and November ATH especially in terms of how bitcoin is losing its price. If previously the FUD was made in China, now Russia comes with a FUD which is almost the same. If the scenario is the same, then bitcoin should have a bigger gain this year where maybe $80K could be hit.
Tried to tell my friends back in the summer that $60k+ was a good time to sell because bear market was incoming.
No one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.
Now, 6 months later they are all talking about the crash incoming.
N00bs....
No one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.
Now, 6 months later they are all talking about the crash incoming.
N00bs....
There are also just as many people who called the top way earlier than the actual top...
What's your point? No one can predict the future and hindsight is always 2020.
The people who are getting wiped out right now are either a) over-exuberant about the state of the crypto market or b) over-leveraged and have bad portfolio management. It's not that they did not know when the top is coming.
Tried to tell my friends back in the summer that $60k+ was a good time to sell because bear market was incoming.
No one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.
Now, 6 months later they are all talking about the crash incoming.
N00bs....
No one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.
Now, 6 months later they are all talking about the crash incoming.
N00bs....
strange that in october the price was 60,000$ so from october to january there are 3 months, why are you talking about 6 months? Also, who has a crystal ball? I don't think anyone has a crystal ball. so even you at that time were making some assumption that the price would drop a lot in the same way as if you ask yourself now:
what is the next price movement?
you will not have an answer
Maybe you were right or maybe not but if I were you, I wouldn't jump to conclusion without having enough proof of information because as far as I can see the price is still bullish compared to 2020 price.
So, is it really bear market already? Or is it just a dip?
If you can predict what is the future price maybe you could make enough fortune out of that. And what if your friends were right from the start? It would be a shame if what you called them backfire to you. lol
AFAIK, I don't feel like a bear market is coming yet once this FUD is gone I think everything will be back to normal and then I think that's the time I would say the bear market is coming.
So, is it really bear market already? Or is it just a dip?
If you can predict what is the future price maybe you could make enough fortune out of that. And what if your friends were right from the start? It would be a shame if what you called them backfire to you. lol
AFAIK, I don't feel like a bear market is coming yet once this FUD is gone I think everything will be back to normal and then I think that's the time I would say the bear market is coming.
yes, if he feels he can predict the market, why not use that knowledge to his advantage? you can't expect people to follow your advise. now, it is up to you how you will use that to your own funds. bear or bull season, everyone has their strategy on how to approach the market.
and besides, at the end of the day, you are the only one who can manage your funds. you can hear fud or advise, but the actual work will be on you. they don't care what you will do with your money. so don't be affected of what other people are doing to their money, it is not your business.
I've been saying for nearly 4 years the time to sell would be December of 2021. I missed it by about a month, but not bad. Bitcoin is very much cyclical, and it's based on math and not market conditions. I'm very curious if the market makers are going to be able to manipulate the market into being different this time, but I'd have to be burying my head in the sand not to expect us to hit $10K sometime over the next 2 years. I think people are wrong about us entering a bear market. I think we're just reverting to the mean, which I see around $10K. The Bitcoin market bubbles up and then returns to value, it doesn't enter bear markets. At least that's my opinion. If it broke below the last cycle's low around $3K, then I'd have a change of opinion.
Tried to tell my friends back in the summer that $60k+ was a good time to sell because bear market was incoming.
No one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.
Now, 6 months later they are all talking about the crash incoming.
N00bs....
No one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.
Now, 6 months later they are all talking about the crash incoming.
N00bs....
They surely are regretting now if they are not holding it for the long term, for short term trade, selling at $60k would already give a decent profit, sometimes our greediness makes us not to make the right decision. Now that the market is bullish, if we panic, then we will lose.
Indeed many people regret not selling their Bitcoins when the Bitcoin price is above $60k. Not only are we greedy for bigger profits,
but everyone sometimes has a different selling target. So we can't blame people who decide not to sell their Bitcoins when the price is
already at $60k. Some people believe Bitcoin can reach a price of $100k and that is their target to sell the Bitcoin they have.
Although the price of Bitcoin is now down considerably, but learning from the history of Bitcoin price movements, the bearish trend
will not last forever. For sure Bitcoin will recover and will be bullish again, and it is very likely that the price of Bitcoin can go back up
to the price of $60k. So as long as we don't panic seeing the current market, and can be patient holding the Bitcoins we have until
the price goes up again. We should still be able to make a profit from Bitcoin, the most important thing is that we have to believe
in the future of Bitcoin.
Maybe you were right or maybe not but if I were you, I wouldn't jump to conclusion without having enough proof of information because as far as I can see the price is still bullish compared to 2020 price.
So, is it really bear market already? Or is it just a dip?
If you can predict what is the future price maybe you could make enough fortune out of that. And what if your friends were right from the start? It would be a shame if what you called them backfire to you. lol
AFAIK, I don't feel like a bear market is coming yet once this FUD is gone I think everything will be back to normal and then I think that's the time I would say the bear market is coming.
So, is it really bear market already? Or is it just a dip?
If you can predict what is the future price maybe you could make enough fortune out of that. And what if your friends were right from the start? It would be a shame if what you called them backfire to you. lol
AFAIK, I don't feel like a bear market is coming yet once this FUD is gone I think everything will be back to normal and then I think that's the time I would say the bear market is coming.
Only newbie and naive crypto currency invest will believe what Twitter or Youtube influencer because they are primarily paid to do so or hype their holding.
What I just know is that the crash would result to altcoins to dip deeper, many will become shitcoins, many will be dead as a result of the crash or if the downtrend continues. This is the reason we should be careful of altcoins.
Yes and this is the season I choose my altcoin gem. I believe every altcoin that survives the crash and still performs well after the crash is a well potential altcoin. Tried to tell my friends back in the summer that $60k+ was a good time to sell because bear market was incoming.
This doesn't sit right with me, you calling your friends noobs because your predictions turned out positive, what if it had gone the other way round. I think the market just favored you and you shouldn't do that in my opinion. It is always highly expected to have bear market to happen after a strong bull run but unfortunately this time market failed to show up any stronger bull like 10x or 20x growth.They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.
Not just on youtube but on every social media and every part of media where crypto events are being covered, people were talking about $100k to $400k possibilities and there will be no surprises about your friends are belonging to them. Probably create such a topic next time before the drop actually happened, not after. So you just wouldn't look like some Mr. hindsight who wants to look smart in an internet forum and calling people noobs.
This is exactly what what I intend to say about this topic. If he is so saw of him or her self let him make another topic of what will happen in the next six months to come so that some of us will follow up with his prediction and not just to come up after the event has happened. This like those who usually make analysis of of past market trend and not what will happen in future.
In reality no on can predict when the bear will come.
Tried to tell my friends back in the summer that $60k+ was a good time to sell because bear market was incoming.
No one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.
Now, 6 months later they are all talking about the crash incoming.
N00bs....
No one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.
Now, 6 months later they are all talking about the crash incoming.
N00bs....
They surely are regretting now if they are not holding it for the long term, for short term trade, selling at $60k would already give a decent profit, sometimes our greediness makes us not to make the right decision. Now that the market is bullish, if we panic, then we will lose.
We are entering the Fear phase now. Hold onto your Butts!
So more selling pressure coming? Most of the institution's average buying price is around 30k. I am not expecting the BTC price to go under that. There could be panic by flash crash towards 28k but I am expecting BTC will create support around the 30k-32k level. What do you think? According to your graph if BTC did make that much heavy crash we could be stable around 20k. Is that really possible after so much big-name clipping with BTC?
Tried to tell my friends back in the summer that $60k+ was a good time to sell because bear market was incoming.
No one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.
Now, 6 months later they are all talking about the crash incoming.
N00bs....
No one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.
Now, 6 months later they are all talking about the crash incoming.
N00bs....
The bear market all over here.The price of bitcoin was keep reduced and made many investors sad.Only the person with sound trading knowledge will sustain market.Ohers will fly from trading with loss.Once you got good knowledge on trading,you can try the binance future trading.You can earn decent money from investments,if you play it wisely.
Do you know there is a bear market now, just because its gone down with some harsh news and fear has crept into the markets generally. I dont see its especially defined long term in that way. When we have confirmed for definite that we cannot break the common averages like 50 and 200 day I will start to believe it better then yes we must trend down over many months maybe more then this year.
In terms of guessing, I recognized making a new high like that and failing to catch hold and keep it wasnt very positive pattern to occur.
isn't normal in the following year after the hype? that the market will fell down low and make another ath in the couple of years pass? In terms of guessing, I recognized making a new high like that and failing to catch hold and keep it wasnt very positive pattern to occur.
One thing I just realized is that, it’s no coincidence that whenever Litecoin has a quick pump, it usually leads to a bear market for Bitcoin.
Pull up the weekly chart and check. Whenever it has these pumps, it quickly retraced and the local top is in for Bitcoin.
It seems they sell BTC for LTC and then they sell into fiat or tether and the cycle repeats a few months or years later.
Pull up the weekly chart and check. Whenever it has these pumps, it quickly retraced and the local top is in for Bitcoin.
It seems they sell BTC for LTC and then they sell into fiat or tether and the cycle repeats a few months or years later.
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