An advice for newbies and plebs

[Wind_FURY]

Simply stop day-trading, or any more active form of trading. Preserve your capital and wait for the market to be in the same situation like 2020 again, when investors were excited to throw their money in crypto. The market narrative has changed, people are not as excited. The market has always followed a bull - bear cycle. Save your money, and wait for the next opportunity.

2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.

[Coin_trader]

You have a point if we base on the bull-bear cycle of Bitcoin since they day 1 of trading. The current scenario was same during 2017 when ICO hype the crypto market the only difference was this institutional Investors already enter right now that create a huge support on the price. IMHO, They are responsible for the current pump and dump price manipulation and benefiting on the short gain on there swing trade.

Many newbie got wreck on the current unpredictable market so your advice is well appreciated.

[Oshosondy]

You are very right, but this period can be an advantage for swing traders. For illustration, using 1x leverage to open a position, waiting for dip and when bitcoin price increase.

For example, waiting for $30000 dip and buy for swing trading, but some swing traders can try $35000.

At $35000
Using 1x leverage
No borrowing
Long position liquidation at a price bitcoin price will far not decrease below
Short position liquidation at $70000

Swing traders still always have tendency to make profit because bitcoin will increase and decrease to predicted price but which can take days to weeks.

Short position will be better at $45000. But this can change depending on the market.

Your advice is very good also, buying when bitcoin want to halve will make bitcoin and many coins in the market to increase in price.

[hugeblack]

Simply stop day-trading, or any more active form of trading. Preserve your capital and wait for the market to be in the same situation like 2020 again, when investors were excited to throw their money in crypto. The market narrative has changed, people are not as excited. The market has always followed a bull - bear cycle. Save your money, and wait for the next opportunity.

2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.

Do you have any calculations or graphic analyzes that prove what you are trying to say here? I don't know, but many are still optimistic about 100K USD before the end of this year, and given the current situation, we still have promises of good volatility.

Personally, I see the best opportunity to buy when no one wants to invest, fear prevails, and everyone starts to worry about the price, then it will be a perfect opportunity to buy and sell.

So far we have not seen a correction of 80% and therefore it is difficult to rely on historical data.

[jrrsparkles]

Simply stop day-trading, or any more active form of trading. Preserve your capital and wait for the market to be in the same situation like 2020 again, when investors were excited to throw their money in crypto. The market narrative has changed, people are not as excited. The market has always followed a bull - bear cycle. Save your money, and wait for the next opportunity.

2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.

Day traders can make money too especially the swing traders who wait for the right time and execute their trades because market is swinging at particular price range so if you simply hold until the price dip or bump means you are wasting the time from a traders point of view.

Also Bitcoin is gaining more popularity due to the war situations which already made people to dump their money into something decentralized.

[mk4]

Past performance is not indicative of future results. You know why we didn't have a similar blow-off top as what we've had in the past cycles? Because if everyone expects the same thing to happen — most of the time, it doesn't; and here we are again with most people expecting full-on bear like what we've had in the past. While I'm not saying that it's not going to happen(because it's VERY possible), people are talking as if the market was guaranteed to act the same way.

[Oshosondy]

Do you have any calculations or graphic analyzes that prove what you are trying to say here? I don't know, but many are still optimistic about 100K USD before the end of this year, and given the current situation, we still have promises of good volatility.

I do not think bitcoin can rise to $10000 before 2024. What I think can cause this is next halving fomo. If it happens like that, then history still repeats itself.

So far we have not seen a correction of 80% and therefore it is difficult to rely on historical data.

Yes, the market is still having around 24% correction, there should still be more.

Day traders can make money too especially the swing traders who wait for the right time and execute their trades because market is swinging at particular price range so if you simply hold until the price dip or bump means you are wasting the time from a traders point of view.

Also Bitcoin is gaining more popularity due to the war situations which already made people to dump their money into something decentralized.

Day trading and swing trading are different but I understand what you are trying to say but we should make new traders to be clear of what we are saying for them not to make mistake.

Ukraine bought bitcoin, the price increased. Ukriane wants exchanges to freeze Russian accounts, bitcoin price decrease a little as some Russians sold their coins.

[GreatArkansas]

*might*

For me, if you are a responsible and well-knowledge trader even what is the condition of the market (bear market or bull market) you can still earn profits.
For example, doing futures trading because as you know, we can short the market or make profits even price is dumping. I know some people who makes lot of money even bear market.

[Ararbermas]

Simply stop day-trading, or any more active form of trading. Preserve your capital and wait for the market to be in the same situation like 2020 again, when investors were excited to throw their money in crypto. The market narrative has changed, people are not as excited. The market has always followed a bull - bear cycle. Save your money, and wait for the next opportunity.

2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.

actually its a good idea to save money for the next bull market rather than day trading because it quite risky..

But the fact that there still an opportunity even market is on downtrend, so surely no one can stop them to day trade because it's always a good idea for them in order to make quick profits no matter what is the situation of the market.

[Oilacris]

Simply stop day-trading, or any more active form of trading. Preserve your capital and wait for the market to be in the same situation like 2020 again, when investors were excited to throw their money in crypto. The market narrative has changed, people are not as excited. The market has always followed a bull - bear cycle. Save your money, and wait for the next opportunity.

2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.

Not that really ideal nor be that effective.If you do wait for some re-entry then when it would be? You would really be missing out lots of chances if you are really that making yourself paranoid for

perfect entry but it isnt really that surprising that investors are becoming even more wiser when you are really getting that experience but for those who are just starting up then it would be no surprise

that they would really be reading up other peoples experience thats why their behavior do really changes too nowadays.There might be still some noobs who do make out rush decisions
or being too careless but it would really be just less compared on last years or in the past.

[Scripture]

In short there's no assurance for the next trend, and seriously you can't stop them from trading because the market will not move if there are no traders.

Whales can easily manipulate the market, so these assumption might not happen at all. I'm still Bullish with Bitcoin for this year though of course buying at the dip price is not bad at all, I just don't see the reason why there's a need to stop trading for now. There's always a good money on this market, better to learn more about trading and you'll surely make money regardless of the price trend.

[Wexnident]

Well, they're all "might" be opportunities, no one can really know so really, go invest on what you think is the best, and probably if you're a panicky type of person, just stop looking at it and let it sit for a few years. Most investors fail and pull out at a loss since they're afraid of losing "more", but the point is you already are supposed to have lost whatever you've invested in the first place. Always take time as a factor when investing, it's one thing that keeps most investors away but also the one thing that could help investors profit imo.

[palle11]

In the midst of death there is life. I hear this times when people say it and about trading, even when it is bear some traders still place a buy order and get profit from it. Bear times doesn't mean every trader should go off the market, of course trading should not be in just one straight line but up and when it should come down is to sell. Trading and hodling don't follow same way.

[goaldigger]

2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.

More likely a FUD to me and not a good trading advice especially for a newbies.

It's better to encourage newbies to study more about trading and learn how they can make money despite of the market trend since there are still money on a bear market, which actually prefer by many traders because this is where the price becomes more active.

2022 - Learn more about trading, monitor the market
2023 - Apply your learnings, accept every failure and do better next time
2024 - You are now a good trader because of those sacrifices you've made in the past two years.

This should be the gaol and a way better for me.

[pawanjain]

Simply stop day-trading, or any more active form of trading. Preserve your capital and wait for the market to be in the same situation like 2020 again, when investors were excited to throw their money in crypto. The market narrative has changed, people are not as excited. The market has always followed a bull - bear cycle. Save your money, and wait for the next opportunity.

2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.

We never know what 2022 really holds for us. Although the current situation does point us in the direction of a bear market.
But it can still reverse and take us to a new joy ride of a bull market by the end of the year.
But yeah, saving capital, as you say, should be the highest priority of most of the traders in the current highly volatile market.
We are seeing swings of more than $5000-$7000 every week now. There are people who are gaining from the volatility but there might be many taking losses.
So it's better not to trade and save your capital instead of losing it to the volatilty.

[boyptc]

2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.

I have read an analysis that tells the same thing about 2023. Well, that guy is really a good trader and investor as he's always accurate and winning with his leverages.

That's what I'm waiting for to come, 2023.

There's still a long way to go for this year to end and then 2023 will come. I'll save as much as I can and would buy bitcoin at the dip when the bear has hits  it again.

[palle11]

There's still a long way to go for this year to end and then 2023 will come. I'll save as much as I can and would buy bitcoin at the dip when the bear has hits  it again.

This year and 2023 don't look like bear is taking over. This year with what is happening with news about making bitcoin as legal in some countries, it is seem that if bitcoin is acceptable to the level of legal status, then many investors will buy and bitcoin will increase. The halving is also getting approaching by next year, the volatility will increase and the price may go more highs. Buying now maybe a good buy 

[Taskford]

There's still a long way to go for this year to end and then 2023 will come. I'll save as much as I can and would buy bitcoin at the dip when the bear has hits  it again.

This year and 2023 don't look like bear is taking over. This year with what is happening with news about making bitcoin as legal in some countries, it is seem that if bitcoin is acceptable to the level of legal status, then many investors will buy and bitcoin will increase. The halving is also getting approaching by next year, the volatility will increase and the price may go more highs. Buying now maybe a good buy 

It looks like a bear but if we look at it this is short term only not the same like past years which heavy correction happens since now many legal matters happen and more institutional investor are now pouring money unto bitcoins so its good for majority to not get panic on some situation especially by now where war happens and it affect the global economy.

For newbie they should learn almost the basic and let those learnings sink on their minds because all what they go thru may be the learning experience to them.

[tranthidung]

2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.

Your topic and advice are simple but in reality, it is not easy to practice for many people.

Market has ups and downs daily, weekly, bull and bear periods monthly or yearly but in general, Bitcoin is a gift for all of us because of its manificient designs and technology. Satoshi Nakamoto created it and allow all of us to get Bitcoin as a biggest gift ever in history.

Question and challenge for each of us is: whether we are able to accept Bitcoin; actually step in and invest in Bitcoin; able to have diamond hands and enough patience, determination to hold it for several years. I present it in ordinal steps which are important to decide who we are in Bitcoin market and whether we are able to earn profit in this market, with Bitcoin or not.

[crwth]

Imagine if you were in 2017 now, where it was $3k to $20k in BTC price. If you knew that the price of BTC would exceed that, meaning it would reach the current price now, $39k~$42k, wouldn't you want to buy more? The best way is to accumulate more and more BTC regardless of price. This only works if you believe with BTC or whatever asset you will HODL.

No one knows what would happen, but it's better to believe in one thing than nothing.