About bear season

[maydna]

I heard that bear market is the most scary part about crypto now I want to ask a question, how do you guys survive in bear market? Many abandon crypto in such season, miners sell their equipments too..

The bear market is not something to be afraid of because it is precisely in the bear market that we have the opportunity to buy a lot of coins that have the opportunity to rise again. I don't know the miners who sell their equipment, but I advise you not to follow the people who try to buy the mining equipment. You can buy many good coins in this bear market and hold them until the bull market comes. But today's crypto market is still going down and up, so you have to prepare yourself not to panic.

[S3300]

1. Get a job secured.
2. Invest in crypto with little amount of money that you are ready to lose.
3. Avoid looking into your wallet time to time, hold and look away.
4. Top coins gives peace of mind than new altcoins.
5. BTC is the best to hold overall.

[romeitaly]

Newbies and inexperienced crypto investors are the ones that abandoned the market at such time, there is nothing more beautiful than bear market because that's when the millionaires place their betting cards, bear market has more advantages than bull market.

1. Buy coins at discount price and make much more money few years later.
2. Getting your hands on more ETH through mining due to low mining difficulty is easier.

Bear market is a planning time for the smart ones.

I myself is a beginner in trading, I've watched the bitcoin from $7k going to $50k in just a span of almost 3 months. Also, I've watched some traders still earns a lot from the bear market using the Futures trading option that is visible in some exchanges. It's true that the bear market is the easiest way to buy the coins that you have researched on and trusted your money. But upon doing so, always remember to research the coin(s) first before liquidating your funds, to prevent regret and to prevent of wasting your funds to unnecessary projects and coins

[pooya87]

While I generally agree that the risk with altcoins is far greater than with Bitcoin, as someone who collected them quite through faucets in the past, I can say that most are worth nothing today - although a few have survived and are worth far more today than 5-6 years ago. But these are just exceptions, a little treasure that one forgets and then appears when you least expect it.

I'd argue that altcoins haven't really gained any value at least for the past 4 years.  The problem is that the prices are being checked against fiat not against bitcoin. In other words altcoins owe their price rise against fiat to bitcoin's price rise. Otherwise they have been dumping hard over the past 4 years ever since the 2017 altcoin pumping season ended.

For example they toot ethereum's horn every day but they never mention that it has lost half of its value in past couple of years. If some day bitcoin stopped rising (not even dropping) these coins would die because why would anyone mine a shit-PoW-coin that is losing value? In fact one of the reasons why they are switching to PoS is that they foresee more dumps in the future and want to keep their shitcoin alive while making money from their 72 million premine.

[CryptoATM]

All money made in bear market must be diverted into BTC, this was the strategy I used in 2018-2020, I made some money through airdops and bounties then converted those tokens into BTC and BTC made it to 60,000$, bear market is accumulation period.

[boyptc]

All money made in bear market must be diverted into BTC, this was the strategy I used in 2018-2020, I made some money through airdops and bounties then converted those tokens into BTC and BTC made it to 60,000$, bear market is accumulation period.

It's the better thing to do that others still don't see the importance of having bitcoin within their stash. They're all for altcoins and believes that it will make them avoid the stomp of the bear market if it comes.

1. Get a job secured.
2. Invest in crypto with little amount of money that you are ready to lose.
3. Avoid looking into your wallet time to time, hold and look away.
4. Top coins gives peace of mind than new altcoins.
5. BTC is the best to hold overall.

Great advises.

Those that have a job and secured with their salaries, they should just focus on DCA so that even the bear market comes. They'll have a great time to accumulate at cheaper prices.

[suzanne5223]

I heard that bear market is the most scary part about crypto

The belief of naive cryptocurrency investors is that the bear season is the scariest part of the crypto market but for experienced investors is always the season of new opportunities and a new beginning.
To be honest with you, I wish the market are downtrend more so I can put my idle stablecoins to work.

now I want to ask a question, how do you guys survive in bear market? Many abandon crypto in such season, miners sell their equipments too..

The best way to survive the bear market is to invest for the long term, play along with the market cause you can never be smart than the market.

[Mpamaegbu]

I heard that bear market is the most scary part about crypto now I want to ask a question, how do you guys survive in bear market? Many abandon crypto in such season, miners sell their equipments too..

Well, bear market is not really that scary except to one who is completely dependent on making a living from it and doesn't have the expertise of trading. Those who are good at trading usually short it on futures and make a kill from it at a time when others are wailing. Those who are wise investors indulge DCA (Dollar Cost Averaging) to reduce loss effect by buying at every dip to average out. For those who are scared, I suggest they should do one of these two things during bear a season – Either convert all crypto assets to Bitcoin or Tether their assets in stable coin of their choice. Otherwise, people will continue to get messed up during a bear season.

[MetaMii]

All money made in bear market must be diverted into BTC, this was the strategy I used in 2018-2020, I made some money through airdops and bounties then converted those tokens into BTC and BTC made it to 60,000$, bear market is accumulation period.

It's the better thing to do that others still don't see the importance of having bitcoin within their stash. They're all for altcoins and believes that it will make them avoid the stomp of the bear market if it comes.

1. Get a job secured.
2. Invest in crypto with little amount of money that you are ready to lose.
3. Avoid looking into your wallet time to time, hold and look away.
4. Top coins gives peace of mind than new altcoins.
5. BTC is the best to hold overall.

Great advises.

Those that have a job and secured with their salaries, they should just focus on DCA so that even the bear market comes. They'll have a great time to accumulate at cheaper prices.

Altcoins are separate swords worth using in the turbulent time, what I meant to say is using altcoins to get more BTC works faster that's why I have to keep investing in altcoins for BTC, the logic is taking my profits faster from altcoins and buy more BTC.

All money made in bear market must be diverted into BTC, this was the strategy I used in 2018-2020, I made some money through airdops and bounties then converted those tokens into BTC and BTC made it to 60,000$, bear market is accumulation period.

Actually, Stable coin is the safest investment during bear season because we don’t know if the price is the bottom or not. Bitcoin will behave same with altcoins during that season and no one is exempted p. You should accumulate when there’s already a sign of reversal such as Doji, Double and Multiple bottom patter signal. This way you can guarantee that there’s already a defined trend in crypto which lower your risk to experience another bottom.

Since these signs you are talking about aren't showing up yet are you saying the market condition is still fairly good? I doubt that though there will be more small recoveries as time goes on but eventually bear market will take over, it's inevitable.

[pawanjain]

I heard that bear market is the most scary part about crypto

I wouldn't call it scary but yeah it is definitely quite overwhelming because of the frequent dumps in the market.
Panic selling, bull traps, frequent crashes and the feeling of eternal dump is quite normal in a bear market.

now I want to ask a question, how do you guys survive in bear market?

HODL

Many abandon crypto in such season, miners sell their equipments too..

Only the newbies and panic sellers abandon crypto at these times while the old timers hold on to their coins.
Miners do sometimes sell their equipment because it becomes no longer profitable to mine the coins.
But I would say that selling the equipment is not a solution to this. Just waiting until it becomes profitable to mine again seems more beneficial to me.