what my friend said in november came true.

[No Pain No blood]

It's January and now bitcoin has fallen to 35k, followed by altcoins. what my friend said at that time came true and his prediction came true. last December became an important point in determining the direction of the trend. the result is that at the moment the market can't hold on and continues to fall slowly. most likely we will start a bear trend. if i listened to it maybe i wouldn't worry too much about the current market situation. My current choice is only two, hold or cut lose.

Hi all, Last week my friend once said about the current and future situation of the crypto market. he said that if bitcoin can't stay above 60k, then altcoins will be hit by a big correction. At that time I doubted what was said because I saw the market situation was quite good. but seeing today started to believe it a little. further said that the end of this month until the end of the year, will be the most important point for the crypto market because at that time it will be a representation of the situation going forward. he said if by the end of the year some big coins pass their support point, then the market will not be fine going forward. but on the other hand if big coins like bitcoin, ethereum, bnb and others can stay at current prices, the start of the year will be a pretty good situation to trading.

judging from what he said, I conclude that right now the market is at a very important time. but even so I didn't fully believe what he said. I stick to my decision that currently hold is the best despite the red market today.

[glendall]

I think it's already been entered, I personally will hold it at any time, because we don't know if in the future 2021 it will happen again in a short time or have to wait for the next 4 years

[lobo13hf]

You have two choices but the worst thing is if you are choosing cutloss your investment and then you can't predict when the market will be bouncing back again. Why don't you sell when the price of your coin reached the peak price? that doesn't make sense to cutloss when it has reached the bottom price. Is not it better to hodl your coin instead of cutloss it during the bearish trend? i meant if the market bouncing back again and you have cutlosses your investmens and then you have been getting a big lose and when you wanna try to re-enter into the market again and you must have put more capital for that.
Im still holding all of my assets and i don't even think to cutloss it. it's too risky to cutloss your investment when bitcoin almost reached the bottom.

[GEMIN_M4]

Bear season and bull season are here stay, there is no way one will vanish and the other will stay, crypto is highly volatile and they only thing that can keep balance in check is bear market, if you've been around for a long time you should know that it's impossible for bear market not to happen

[Mpamaegbu]

My current choice is only two, hold or cut lose.

Yes, that's the way to go; especially the first option – hodl. You can also do dollar cost averaging – DCA. That's; buy more as it drops to average out your loss. Understandably, I know that's a hard thing to do right now because most people are in a panic and it's obvious in the behaviour of the market. It takes an investor with a steel heart to buy at this moment that the market is reddish. This dip, I believe, will herald the alts season. We saw that happen in 2017 when Bitcoin started dipping in December of that year after hitting its ATH and the preceding month (that's January of 2018) alts began its rally into first quarters. I expect that to happen now if history were to repeat itself.

[Skinny48]

I pity all those who still believe that bulls will take control later you are simply trying to dodge the fact that bear market is real, buy the dips like you've been told and see more dips with your two eyes, this is how things works in this space

[Ararbermas]

My current choice is only two, hold or cut lose.

if you see it's not yet late to dump to save your money (capital) then its a good idea to cut lose rather than waiting for nothing. however if you already have big losses  on this situation then much better to hold mate because indeed this bearish will not last long.. Just be patient or take a vacation because you know it's really hard to see your capital is gradually decreasing.. So think about it mate.

[Findingnemo]

Even I expected the price dump even much earlier but it came a bit late to me so not a big surprise, and if you wre not clear with your holding then just cut of the lose and leave the market but wise men will buy when everyone is selling because they can take the risk and they are waiting for this moment so depends on your financial situation you can decide what to do.

[X-ray]

It's January and now bitcoin has fallen to 35k, followed by altcoins. what my friend said at that time came true and his prediction came true. last December became an important point in determining the direction of the trend. the result is that at the moment the market can't hold on and continues to fall slowly.

I would not like to call the market was falling slowly but it takes only a week for bitcoin to reach the bottom value. bearish trend is just a common thing as long as it will not make the price of btc to go to the zero. Your friend may lucky enough but it doesn't mean all of his trade was suvvessful.

most likely we will start a bear trend. i

The bearish trend already started since last year and it's not only for this time. I think that you're a bit too late to realize it if that's happening since november last year. Regreting your decision by hodl your coin and not sell some when the market was still bullish is not good. Just forget it and move on.

f i listened to it maybe i wouldn't worry too much about the current market situation. My current choice is only two, hold or cut lose.

yeah but it's too late to regret your decision by not following him. If you're taking the decision right now and it's too late. You may face bigger risk rather than only hodl your tokens in your wallet. If i were you and i will hodl and buy more. you didn't know if this will happen. At that time you're 50% believe ; 50% not believe with your friend's statement.

[Stalker22]

~
 My current choice is only two, hold or cut lose.

In situations like this, the DCA (Dollar Cost Average) method will benefit hodler the most. It is one of the best methods and effective investing strategy for the long-term, but it requires a lot of patience on your part. Other investors, however, who like to speculate and can't bear to have the open position for more than a few days, will just sell at the highest price possible and wait for the market to move back down before moving back in. But, that strategy only works if you have a good idea on the direction of the cryptocurrency price.

Therefore, I think doing DCA from now on would be a good idea since you never really know when the market will move suddenly in either direction.

[crwth]

I hope your friend followed through with it and converted his holdings at one of the highest. I recently did, but it was too late, but that's just what happens when you try to time the market; you can't make it work to be 100%.

The only thing that you can get from it is you can buy it at a lower price. So you can accumulate more.

[Jackl87]

It's January and now bitcoin has fallen to 35k, followed by altcoins. what my friend said at that time came true and his prediction came true. last December became an important point in determining the direction of the trend. the result is that at the moment the market can't hold on and continues to fall slowly. most likely we will start a bear trend. if i listened to it maybe i wouldn't worry too much about the current market situation. My current choice is only two, hold or cut lose.

Hi all, Last week my friend once said about the current and future situation of the crypto market. he said that if bitcoin can't stay above 60k, then altcoins will be hit by a big correction. At that time I doubted what was said because I saw the market situation was quite good. but seeing today started to believe it a little. further said that the end of this month until the end of the year, will be the most important point for the crypto market because at that time it will be a representation of the situation going forward. he said if by the end of the year some big coins pass their support point, then the market will not be fine going forward. but on the other hand if big coins like bitcoin, ethereum, bnb and others can stay at current prices, the start of the year will be a pretty good situation to trading.

judging from what he said, I conclude that right now the market is at a very important time. but even so I didn't fully believe what he said. I stick to my decision that currently hold is the best despite the red market today.

Now that we are already down 20% or more i won't sell off anymore as it is too late in my opinion. I will wait out this bear market (if it really turns out to become a bear market like the one from 2018 to 2020) as i did before, i am still in the profit zone as of now but of course my portfolio values is already down around 90% or so in comparison to it's ATH back in May 2021. If i would sell off now and the market begins to rise again i would definitely regret it more than to just wait and hold even if the prices continues to crash. I only invested small amounts of FIAT that i can afford to lose completely therefore i don't really panic.

[Ozero]

My current choice is only two, hold or cut lose.

if you see it's not yet late to dump to save your money (capital) then its a good idea to cut lose rather than waiting for nothing. however if you already have big losses  on this situation then much better to hold mate because indeed this bearish will not last long.. Just be patient or take a vacation because you know it's really hard to see your capital is gradually decreasing.. So think about it mate.

It is too late to sell your cryptocurrency now. The price dropped by 50 percent or more. So now I don't see the point in doing it. Now is the time to buy, not sell. I usually don't sell my cryptocurrency when it's down like this. After a certain time, prices will recover and only coins and tokens of unpromising projects will remain at their previous low positions. While we need to expect a new wave of price growth.

[Furious 7]

I think the choice is currently only one, not two, namely the hodling section and not to cut lose.
why do you have to make a cutlose now because it is not something that is right and even tends to only make you regret it later.
I think holding back and staying focused and waiting would be great for now.
Calm down, the storm will definitely pass, so just enjoy today with the downturn

[SquallLeonhart]

It's January and now bitcoin has fallen to 35k, followed by altcoins. what my friend said at that time came true and his prediction came true. last December became an important point in determining the direction of the trend. the result is that at the moment the market can't hold on and continues to fall slowly. most likely we will start a bear trend. if i listened to it maybe i wouldn't worry too much about the current market situation. My current choice is only two, hold or cut lose.

If you end up selling right now, and it goes up right away, then you missed out on profit. If you hold it right now, and it goes down, you missed out on "potential" profit and when it goes back up you will make a profit lesser than what you could. When I compare these two options, one makes sense and the other is just bothersome but not a trouble. I rather lose out on profit then lose money directly.

This is why I am buying more and keep holding all that I have, there is no scenario where I could make some profit and also never risk any money at all, obviously we are risking our money but it is not really big trouble when you consider in the long run we will make a profit.

[TimeTeller]

Your friend knows how the market works, you have to think that Bitcoin can pump forever and corrections are necessary so we can go up higher in the coming years. Don’t regret for not selling that’s ok, think for long term and you’ll be fine. Actually you have two best options left, just hold and buy more Bitcoin because its very cheap and beside and it can lower the cost you’ve made on buying Bitcoin before, so I highly suggest to buy more.

What you can do right now is hold to avoid losses. Hopefully, the OP has no immediate needs for his funds.
Because a lot are selling at a loss, if they panic and if they have urgent needs.
But if not, you can hold off and wait for the market to recover. It is not always going down.
Remember, in this market, we have the privilege to do what we believe is right for our funds.

[TastyChillySauce00]

ou only lose when you sell I guess, right now the market condition isn’t really good and I think what determines the bearish market isn’t december but this january where everything is going down hill
because there are many bad rumours, etc added with the cycle of the bullish market that always has an end.
I mean, we can’t always hoping that the bullish market where the value gets rising so high lasts forever.
Regardless, I think if we haven’t hits and break the bottom resistance of 30000 I think it still have the chance bouncing up, but still it seems the bearish market will just come and it’s gonna be long term bearish market. it seems.

[livingfree]

Everyone is right that after the bull cycle, we're going to enter the bear market.

That's what it used to be in the past years and whether we like it or not, that's what's happening right now. It's inevitable to see a bigger correction and it has to happen.

Alts are followers of bitcoin so that's the obvious thing that's going on.

[dansus021]

stay strong my friend  maybe ur friend is one of the whale that can distrupt the market hehe . but if i were you i will keep hodl it even buy more at the end of dip and do some staking if there is coin can be staked

[pushups44]

It's January and now bitcoin has fallen to 35k, followed by altcoins. what my friend said at that time came true and his prediction came true. last December became an important point in determining the direction of the trend. the result is that at the moment the market can't hold on and continues to fall slowly. most likely we will start a bear trend. if i listened to it maybe i wouldn't worry too much about the current market situation. My current choice is only two, hold or cut lose.

Hi all, Last week my friend once said about the current and future situation of the crypto market. he said that if bitcoin can't stay above 60k, then altcoins will be hit by a big correction. At that time I doubted what was said because I saw the market situation was quite good. but seeing today started to believe it a little. further said that the end of this month until the end of the year, will be the most important point for the crypto market because at that time it will be a representation of the situation going forward. he said if by the end of the year some big coins pass their support point, then the market will not be fine going forward. but on the other hand if big coins like bitcoin, ethereum, bnb and others can stay at current prices, the start of the year will be a pretty good situation to trading.

judging from what he said, I conclude that right now the market is at a very important time. but even so I didn't fully believe what he said. I stick to my decision that currently hold is the best despite the red market today.

It looks like a bear market has begun, but in all fairness it's difficult at first to tell whether it has started, because just before it there tends to be enormous volatility with massive spikes up. One big difference, if we are in one, is that this last cycle was not as massive in gains as previous ones percentage-wise. So apparently there is a law of diminishing returns at play, though the returns are still great for long-term holders given the growth of the industry.