KingScorpio
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February 06, 2019, 07:06:34 AM Last edit: February 06, 2019, 05:58:44 PM by KingScorpio |
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Sincerely, it is not so easy with this long time dump/bear market. Long awaiting promises weakens the heart. I hope guys have learnt their lessons like when next the bull run appears you take the best opportunity and invest for the raining day. What's your lesson too?
then invest into something else, why are you waiting for more idiots to lose their hard earned money? they will lose with 95% probability anyway
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deisik
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February 06, 2019, 10:44:08 AM |
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Sincerely, it is not so easy with this long time dump/bear market. Long awaiting promises weakens the heart. I hope guys have learnt their lessons like when next the bull run appears you take the best opportunity and invest for the raining day. What's your lesson too?
then invest into something else, why are you waiting for more idiots to lose their hard earned money? they will lose with 95% proability anyway Merited this post for its excruciating truthfulness and authenticity Though there is already a topic named appropriately, i.e. "Are long-term holders idiots?" (or something to that tune). Bitcoin has been steadily spiraling down for over a year already but people still believe in miracles. I know we kinda had already been there in 2014-2015, but it is only a seeming similarity as the market back then was totally different from the market today. Basically, Mt. Gox was a false start, but what we see today is a genuine downfall, carnage, bloodbath and rude awakening (you name it)
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Wilhelm
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February 06, 2019, 11:17:25 AM |
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Sincerely, it is not so easy with this long time dump/bear market. Long awaiting promises weakens the heart. I hope guys have learnt their lessons like when next the bull run appears you take the best opportunity and invest for the raining day. What's your lesson too?
then invest into something else, why are you waiting for more idiots to lose their hard earned money? they will lose with 95% proability anyway Merited this post for its excruciating truthfulness and authenticity Though there is already a topic named appropriately, i.e. "Are long-term holders idiots?" (or something to that tune). Bitcoin has been steadily spiraling down for over a year already but people still believe in miracles. I know we kinda had already been there in 2014-2015, but it is only a seeming similarity as the market back then was totally different from the market today. Basically, Mt. Gox was a false start, but what we see today is a genuine downfall, carnage, bloodbath and rude awakening (you name it) Despair posts mean the bottom is near
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Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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omonuyak
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February 06, 2019, 11:51:33 AM |
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In addition to what others has said I think we have to bring reality into our investments. We should invest based on some technical and fundamentals issues and not base on bull and bear.
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deisik
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February 06, 2019, 12:41:33 PM |
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Sincerely, it is not so easy with this long time dump/bear market. Long awaiting promises weakens the heart. I hope guys have learnt their lessons like when next the bull run appears you take the best opportunity and invest for the raining day. What's your lesson too?
then invest into something else, why are you waiting for more idiots to lose their hard earned money? they will lose with 95% proability anyway Merited this post for its excruciating truthfulness and authenticity Though there is already a topic named appropriately, i.e. "Are long-term holders idiots?" (or something to that tune). Bitcoin has been steadily spiraling down for over a year already but people still believe in miracles. I know we kinda had already been there in 2014-2015, but it is only a seeming similarity as the market back then was totally different from the market today. Basically, Mt. Gox was a false start, but what we see today is a genuine downfall, carnage, bloodbath and rude awakening (you name it) Despair posts mean the bottom is near Only time will tell But if the bottom is near, you can (and should) put your money where your mouth is. For example, I short Bitcoin Cash as I expect its price to fall below 50 dollars. This is my target as shorting below makes no sense as the potential profits become not worth it even if this shitcoin goes down to zero in the end (which I don't mind at all). I also have some Bitcoin shorts but these are mostly for hedging, not so much for speculating, apart from making a few bucks now and then. So personally, I'm kinda neutral on Bitcoin price in general
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boty
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February 06, 2019, 01:21:58 PM |
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the lesson from the moment's bear market that is as long as it is now is that I can know that when the bear market of cryptocurrency can never be profitable, cryptocurrency has two types of real momentum which can provide benefits if it can follow the moment's movements.
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KingScorpio
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February 06, 2019, 06:09:13 PM |
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Sincerely, it is not so easy with this long time dump/bear market. Long awaiting promises weakens the heart. I hope guys have learnt their lessons like when next the bull run appears you take the best opportunity and invest for the raining day. What's your lesson too?
then invest into something else, why are you waiting for more idiots to lose their hard earned money? they will lose with 95% proability anyway Merited this post for its excruciating truthfulness and authenticity Though there is already a topic named appropriately, i.e. "Are long-term holders idiots?" (or something to that tune). Bitcoin has been steadily spiraling down for over a year already but people still believe in miracles. I know we kinda had already been there in 2014-2015, but it is only a seeming similarity as the market back then was totally different from the market today. Basically, Mt. Gox was a false start, but what we see today is a genuine downfall, carnage, bloodbath and rude awakening (you name it) Despair posts mean the bottom is near Only time will tell But if the bottom is near, you can (and should) put your money where your mouth is. For example, I short Bitcoin Cash as I expect its price to fall below 50 dollars. This is my target as shorting below makes no sense as the potential profits become not worth it even if this shitcoin goes down to zero in the end (which I don't mind at all). I also have some Bitcoin shorts but these are mostly for hedging, not so much for speculating, apart from making a few bucks now and then. So personally, I'm kinda neutral on Bitcoin price in general i actually know already, and have good reasons for that, but i am out with explaining these cultists the reality, let them have their hopes, for a while.
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semobo
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February 06, 2019, 06:09:14 PM |
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Sincerely, it is not so easy with this long time dump/bear market. Long awaiting promises weakens the heart. I hope guys have learnt their lessons like when next the bull run appears you take the best opportunity and invest for the raining day. What's your lesson too?
If our lesson from the market is make profits when it is available there then it will make danger for the cryptos and won't make the bull run to begin at all because people started to dump hard when they are seeing some profits so the prices are not be able to recover from the lower levels.The one lesson we need to learn if the bull run begins,patiennce is the key to get more profits.
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exstasie
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February 06, 2019, 08:04:46 PM |
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then invest into something else, why are you waiting for more idiots to lose their hard earned money? they will lose with 95% proability anyway Merited this post for its excruciating truthfulness and authenticity Though there is already a topic named appropriately, i.e. "Are long-term holders idiots?" (or something to that tune). Bitcoin has been steadily spiraling down for over a year already but people still believe in miracles. I know we kinda had already been there in 2014-2015, but it is only a seeming similarity as the market back then was totally different from the market today. Basically, Mt. Gox was a false start, but what we see today is a genuine downfall, carnage, bloodbath and rude awakening (you name it) It's funny, the bulls used to say "the 2014 crash can't happen again, it was because of Gox. The market is totally different now." They were completely wrong. Now bears are trying to turn the tables and similarly deny that the market is cyclical.
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bitbunnny
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February 06, 2019, 08:45:42 PM |
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It's not the first or the last time that Bitcoin is experiencing difficulties and experienced users know that. I know that many are losing patience waiting for price to go up and market to recover but still I always say that the value of Bitcoin is not only the price and that the true Bitcoin user and beleiver should be able to get the best out of it in any condition on the market. This is the lesson learned, as well as the fact that market is often not playing on our rules.
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2chase
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February 06, 2019, 09:48:34 PM |
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For me, the most obvious lessons that I learned from the events of 2018. became the next - never try to buy at the bottom and do not try to sell at the very peak. If I followed this rule, I would probably lose much less money than it happened to me. In other words - do not be too greedy.
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Vness10
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February 06, 2019, 11:59:41 PM |
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We have many things that lesson to learn in crypto especially when the market is in bearish. First is being greedy, second being unpatience there so many things that we learn in crypto it's up to us how to adopt and how to use in proper.
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Wilhelm
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February 07, 2019, 12:38:12 AM |
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When everyone around me was buying I should have prepared to sell. Buy back at the bottom.
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Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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KingScorpio
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February 07, 2019, 05:52:26 AM |
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then invest into something else, why are you waiting for more idiots to lose their hard earned money? they will lose with 95% proability anyway Merited this post for its excruciating truthfulness and authenticity Though there is already a topic named appropriately, i.e. "Are long-term holders idiots?" (or something to that tune). Bitcoin has been steadily spiraling down for over a year already but people still believe in miracles. I know we kinda had already been there in 2014-2015, but it is only a seeming similarity as the market back then was totally different from the market today. Basically, Mt. Gox was a false start, but what we see today is a genuine downfall, carnage, bloodbath and rude awakening (you name it) It's funny, the bulls used to say "the 2014 crash can't happen again, it was because of Gox. The market is totally different now." They were completely wrong. Now bears are trying to turn the tables and similarly deny that the market is cyclical. its actually not just bulls and bears. its also about interpretational sovereignty when the entire market crashes the interpretational sovereignty will be redifined.
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timerland
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February 07, 2019, 07:17:08 PM |
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Sincerely, it is not so easy with this long time dump/bear market. Long awaiting promises weakens the heart. I hope guys have learnt their lessons like when next the bull run appears you take the best opportunity and invest for the raining day. What's your lesson too?
There are probably two aspects of the bear markets that need to be considered. One is the fact that a lot of the people invested at a stage where the market was completely overheated, out of the fear of missing out. I think that is an important lesson, as a lot of the times the value of an asset will be overpriced and will come down eventually. Never invest out of the fear of missing out. And with that, you should also never invest with funds that you're going to need in the near future. There are people who are actually not doing too bad in this bear market, because even though they may be losing money now, they still have the financial capacity to hold onto their positions for the long run and break even and even make a profit when the next bull market hits. But if you invest, and you need those funds in the very near future, that gives you no flexibility or room to work with. The other aspect is probably the FUD that exists in the bear market. BTC is undervalued at the moment yet no one seems to be buying on a large scale, largely because of FUD and market sentiment. IMHO, contrarian investing in these circumstances is works best.
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exstasie
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February 07, 2019, 11:11:40 PM |
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BTC is undervalued at the moment yet no one seems to be buying on a large scale, largely because of FUD and market sentiment. IMHO, contrarian investing in these circumstances is works best.
FUD isn't a major factor. It just takes time for these cycles to play out. 2017 brought in a lot of new investors, especially retail buyers who thought they would get rich quick. Smart money (including institutions) on the other hand = patient money. Patient traders make their money from impatient traders. Smart money is never in a rush to pump anyone's bags and doesn't chase price. They wait for the impatient weak hands to flush themselves out of the market. Once they have, there is much less overhead supply on the market = time for a bull market to begin.
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deisik
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February 08, 2019, 10:42:02 AM |
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The other aspect is probably the FUD that exists in the bear market. BTC is undervalued at the moment yet no one seems to be buying on a large scale, largely because of FUD and market sentiment. IMHO, contrarian investing in these circumstances is works best I see your point and I can't agree with it Basically, your whole reasoning implicitly assumes that there exists what is called "fair price". All in all, without this "hidden" assumption you can't say that Bitcoin is either overpriced ("overheated" in your terms) or undervalued (or even "at the money"). And this is the part with which I strongly disagree. There is no fair price for a speculative asset (to make things easier you can think that it is at 0), and in this way you can't really say if Bitcoin (or any other cryptocurrency) is in fact overpriced or undervalued Technically, it is just a random walk. The price can be 10k today and in hindsight we can think of it as a low price if Bitcoin rises to 20k tomorrow, and that would be a valid assumption. On the other hand, if Bitcoin falls to 5k in a week, then Bitcoin at 10k will turn out to be overpriced. And that would be a valid assumption too. The bottom line is that the price is a random value (from a fair price paradigm point of view)
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Taki
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February 08, 2019, 10:46:10 AM |
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The only lesson I took is that I need to be less greedy. Why I didn't cash out by 20000 $? Because I thought its not the end and bitcoin will continue to grow. Now I'm trying to set real targets for my coins and I will not skip my chance on the next bull run.
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Idrisu
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February 08, 2019, 11:28:43 AM |
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When everyone around me was buying I should have prepared to sell. Buy back at the bottom.
That has been the way wise traders trade! If you want to invest and make money you are to be selling when others are buying and buying when others are selling. That is one of the greatest lessons I have learned from 2018.
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Slow death
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February 08, 2019, 01:40:27 PM |
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Sincerely, it is not so easy with this long time dump/bear market. Long awaiting promises weakens the heart. Dude, do you know anyone in this world who has a crystal ball capable of seeing the future? because I do not know anyone with a crystal ball who can predict the future, so what they do is called prediction, and this prediction is more likely to be wrong. You should know this before investing your money I hope guys have learnt their lessons like when next the bull run appears you take the best opportunity and invest for the raining day. the current price is $3400 and still is a great opportunity for people to buy and hold for the next 2 to 5 years. The problem is that people want to make quick profits and because of this they enter panic every time the price falls and they get loss What's your lesson too? always rush to buy low and accumulate as much biticoin as you can and hold for the next 2 to 5 years
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