What to do in a bear market

[cudapop]

... I myself sold 80% of my eth I had at the end of january 2021 at 1500 usd...

I always found it curious why you did this. I know you bought your eth at around $80 so selling at $1500 was a huge profit, but why only target around $100+ above the previous ath from back in 2018? Why didn't you dca out, ie. layer out, say 25% at $1500, 25% at $2500, etc.?

[Metroid]

... I myself sold 80% of my eth I had at the end of january 2021 at 1500 usd...

I always found it curious why you did this. I know you bought your eth at around $80 so selling at $1500 was a huge profit, but why only target around $100+ above the previous ath from back in 2018? Why didn't you dca out, ie. layer out, say 25% at $1500, 25% at $2500, etc.?

Everything rose too fast, it was insane, eth did not but altcoins rose too much, so, because altcoins rose too fast a huge crash was imminent, so I sold before that, yea there are phases but insanity goes beyond market phases, crypto is 99% speculation, 1% is error. I bought some altcoins few months ago and sold them when I saw 4 times rise and then all crashed much much lower than what I bought. When on profit, sell, there are levels of greedy, I was not too greedy, yes I was greedy because I got almost 20 times profit and it was enough for me, aiming higher than that is delusion but each to its own.

[rdluffy]

I always found it curious why you did this. I know you bought your eth at around $80 so selling at $1500 was a huge profit, but why only target around $100+ above the previous ath from back in 2018? Why didn't you dca out, ie. layer out, say 25% at $1500, 25% at $2500, etc.?

Everything rose too fast, it was insane, eth did not but altcoins rose too much, so, because altcoins rose too fast a huge crash was imminent, so I sold before that, yea there are phases but insanity goes beyond market phases, crypto is 99% speculation, 1% is error. I bought some altcoins few months ago and sold them when I saw 4 times rise and then all crashed much much lower than what I bought. When on profit, sell, there are levels of greedy, I was not too greedy, yes I was greedy because I got almost 20 times profit and it was enough for me, aiming higher than that is delusion but each to its own.

It is easy to trade the past 

1500 USD was a good price to sell, and at that moment, was a good decision for sure, because a crash could occur and again people could ended with a bag of coins
After lived a bear market, I learned that we can't be too greedy, and we can always leave some %, like 5 or 10% to sell in an incredible pump.
This is for altcoins and mining to pay costs, for BTC I believe in a better future, and for ETH sometimes I have bad feelings about, but in the long run it should be good enough to maintain the 2nd place and the main altcoin for some years.
And if you hold a coin and mine at a loss just for secure network and support the project I also really respect that.

Bear market is always confusing, some say we are already in a bear market, some say we're not yet, but in my opinion, we are for some time and NOBODY knows the future, maybe the cycle will not repeat again and we can start some run to ATH again...

[Bitcoin_Arena]

Generally when the bull market is strong, many exchanges hire tons of extra staff. Because they get flooded with applications, support, etc.

But in a bear market, nobody is interested in crypto and they start to lay people off. Happens every cycle.

This is evident with crypto casino's too. One of the rudimentary ways of noticing if the crypto market is squeezing the casino businesses hard or not is by tracking the way they campaign in the forum through signature campaigns. A few of them are already pulling out as compared to who things were last year.

The reason it has never "crashed below the previous all-time high " is because btc grew 100 or more times on previous cycles, this cycle it rose only 23 times, bottom to top. So yeah lets see what happens this time around.

If we are to look at the halving previous cycles, we have only 3 price peaks  with 2 confirmed bottoms to consider. The price growth in the early years before the 2013 bull run obviously had to be more than 100 since the bottom was $0. The next cycle, it was just around 36 times since BTC bottomed at around $530.

[adaseb]

I’m already getting bear market vibes when I come to the bitcointalk mining section and there are only 5 active topics in the last 24 hours.

When the forum starts to become dead, usually means the bottom should be near. I remember both the 2015 and early 2019 bottom had similar activities. People assumed crypto was dead, moved on and then it bottomed.

The cycle top is usually when mining section is very busy and everyday we get topics like “how can I mine Bitcoin on my laptop”. Like we had almost daily about 6 months ago.

[Metroid]

Every cycle BTC will rise x times less and less than previous, this cycle was 23 times, next time, if btc rises 10 times consider good enough, 20 times top but everything depends where the bottom will be, to me  bottom will be lower than the cost to mine one btc which at moment is around 10k ~ 15k. This will crash a lot yet, this is pre bear market with lot of small bulltraps and then a huge bulltrap before going to hehell then we will know the bottom. September 2022 - March 2023 we will see the bottom.

[Wincob]

Every cycle BTC will rise x times less and less than previous, this cycle was 23 times, next time, if btc rises 10 times consider good enough, 20 times top but everything depends where the bottom will be, to me  bottom will be lower than the cost to mine one btc which at moment is around 10k ~ 15k. This will crash a lot yet, this is pre bear market with lot of small bulltraps and then a huge bulltrap before going to hehell then we will know the bottom. September 2022 - March 2023 we will see the bottom.

Is it possible that 2023 will be more bloody than 2022 bear market? I am trying to look back into the past, I think buying 50% of my portfolio in September 2022 and leaving the rest 50% for 2023 is the best strategy here, what do you think Sir Metroid.

[Metroid]

Is it possible that 2023 will be more bloody than 2022 bear market? I am trying to look back into the past, I think buying 50% of my portfolio in September 2022 and leaving the rest 50% for 2023 is the best strategy here, what do you think Sir Metroid.

It is difficult to buy at the bottom or to sell at the top, need to find the medium term, buying 20% as it goes down on every new bottom from now is good, for example btc bottom is 25k at the moment, if it goes below that then wait 2 days or so then buy 20% and repeat the process as for myself given the current market conditions, I will start buying bottoms below 15k, I'm not buying altcoins.

[GEMIN_M4]

Is it possible that 2023 will be more bloody than 2022 bear market? I am trying to look back into the past, I think buying 50% of my portfolio in September 2022 and leaving the rest 50% for 2023 is the best strategy here, what do you think Sir Metroid.

It is difficult to buy at the bottom or to sell at the top, need to find the medium term, buying 20% as it goes down on every new bottom from now is good, for example btc bottom is 25k at the moment, if it goes below that then wait 2 days or so then buy 20% and repeat the process as for myself given the current market conditions, I will start buying bottoms below 15k, I'm not buying altcoins.

I still don't get it, why are you so against altcoins? All thanks go to altcoins because they are the reason why I have more money in my bank account and also some BTC in my wallet, it won't be possible for me without altcoin investments, I made more money from altcoins that what I am trying to say.

[swogerino]

I’m already getting bear market vibes when I come to the bitcointalk mining section and there are only 5 active topics in the last 24 hours.

When the forum starts to become dead, usually means the bottom should be near. I remember both the 2015 and early 2019 bottom had similar activities. People assumed crypto was dead, moved on and then it bottomed.

The cycle top is usually when mining section is very busy and everyday we get topics like “how can I mine Bitcoin on my laptop”. Like we had almost daily about 6 months ago.

It sure looks like that,I also see very few newly created topics,when it was the top,a lot of people were creating new topics daily asking for help and also for advice on what GPU they should buy,how much money is considered normal to pay for that specific GPU,what was the max price anyone here would pay over MSRP for the specific card and so on the same for ASIC miners.The fact that Bitcoin price is having a lot of difficulty to bypass that 33.000 dollars mark from quite a lot of time can also be considered by many a vibe of a bear market.

The truth is though that we are far from a bear market as long as the price it stays above 30.000 dollars,I consider this to be a good price overall for Bitcoin and for people to continue to mine it,of course those who see value in this and believe in another bull run coming hopefully soon rather than late.

[sxemini]

Is it possible that 2023 will be more bloody than 2022 bear market? I am trying to look back into the past, I think buying 50% of my portfolio in September 2022 and leaving the rest 50% for 2023 is the best strategy here, what do you think Sir Metroid.

It is difficult to buy at the bottom or to sell at the top, need to find the medium term, buying 20% as it goes down on every new bottom from now is good, for example btc bottom is 25k at the moment, if it goes below that then wait 2 days or so then buy 20% and repeat the process as for myself given the current market conditions, I will start buying bottoms below 15k, I'm not buying altcoins.

I still don't get it, why are you so against altcoins? All thanks go to altcoins because they are the reason why I have more money in my bank account and also some BTC in my wallet, it won't be possible for me without altcoin investments, I made more money from altcoins that what I am trying to say.

Yes maybe you have more money in bank account - higher chance to go x5 - x10 or more with altcoins, but also more risk to lose all - Terra Luna  

Higher chance for big win = higher risk to lose all.

It sure looks like that,I also see very few newly created topics,when it was the top,a lot of people were creating new topics daily asking for help and also for advice on what GPU they should buy,how much money is considered normal to pay for that specific GPU,what was the max price anyone here would pay over MSRP for the specific card and so on the same for ASIC miners.The fact that Bitcoin price is having a lot of difficulty to bypass that 33.000 dollars mark from quite a lot of time can also be considered by many a vibe of a bear market.

The truth is though that we are far from a bear market as long as the price it stays above 30.000 dollars,I consider this to be a good price overall for Bitcoin and for people to continue to mine it,of course those who see value in this and believe in another bull run coming hopefully soon rather than late.

I don´t call it a bear market at this time, but the top is over, next top come in 3 years - maybe 2, but not earlier. People still believe we are in the "Super Cycle" or that we on the road, same happen in 2017/2018, people think this are normal correction and yes i agree, but this are bear market / downtrend market corrections. Price range between 20000 - 25000 dollar is really untraded - we will see this price again, the question is - when it happens.

[vectisitch]

What to do in bear market???

Keep mining and HOLD. I have been mining since 2013 and always sold as i needed cash. If only i had held the coins i mined i would be a multi millionaire now. It's too late now to make a lot of money imo but you can still make good money but only if you hold for better prices in bull markets

[sxemini]

What to do in bear market???

Keep mining and HOLD. I have been mining since 2013 and always sold as i needed cash. If only i had held the coins i mined i would be a multi millionaire now. It's too late now to make a lot of money imo but you can still make good money but only if you hold for better prices in bull markets

No one can answer your question in the right way, because none of us can say what coin is more worth in the future.

I checked the  top100 coins today and dezember 2017, many of this coins are less or same worth like in 2017.

My advice = keep mining if your electricity bill is less than your monthly mining rewards, pay your electricity bill with crypto and hodl and swap the rest into BTC and HODL it

[Metroid]

I still don't get it, why are you so against altcoins? All thanks go to altcoins because they are the reason why I have more money in my bank account and also some BTC in my wallet, it won't be possible for me without altcoin investments, I made more money from altcoins that what I am trying to say.

If next bull market comes then bitcoin always rise first, altcoins rise much later, plus on the bear market most altcoins die and then next bullrun scammers create new ones. So is never a good thing to keep altcoins, also people buy altcoins prior bull market, usually on pre bull market and sell them all as soon as they know bull market pump and dump are done for.

No one can answer your question in the right way, because none of us can say what coin is more worth in the future.
I checked the  top100 coins today and dezember 2017, many of this coins are less or same worth like in 2017.

The thing is, most coins, I'd say 95%, are pump and dumps, most altcoins had a 20 or more times rise and then had the same 20 or more times dump, anyway dump is not over yet, will get a lot worse. For example ravencoin, prior bull market 2021, it was 0.007, now around $0.025, it got as high as $0.30 and soon ravencoin might crash to 0.007 again or even lower. This is pow coins, imagine pos coins which are true scam. Don't touch pos coins, if pow coins are bad imagine pos coins, aka luna, solana and other scamcoins.

[rdluffy]

The thing is, most coins, I'd say 95%, are pump and dumps, most altcoins had a 20 or more times rise and then had the same 20 or more times dump, anyway dump is not over yet, will get a lot worse. For example ravencoin, prior bull market 2021, it was 0.007, now around $0.025, it got as high as $0.30 and soon ravencoin might crash to 0.007 again or even lower. This is pow coins, imagine pos coins which are true scam. Don't touch pos coins, if pow coins are bad imagine pos coins, aka luna, solana and other scamcoins.

Hehehe, you consider all altcoins equal?

I know it's pretty hard to keep altcoins in a long term portfolio, and many will end with a bag of coins
In 2017 - 2018 I had a lot of cards and I put 1 or 2 to only mine unknown coins to keep and sell after some time, expecting to be like ETH worthing a few dollars and them more than 100 USD at that time, and I ended with a bag of coins like I said above 

BUT there are projects of coins, like BNB and SOLANA as you said as a scam coin, who are supported by exchanges, and in my opinion we can't put in the same category of another coins, because it's a coin people will use daily to pay fees on the exchange or to run a game, example of Solana, and Polygon is another coin. There's as incentive to use
Just my opinion, and I don't like POS coins

Raven coin is a project I thought would be dead right now, but even 4 years later people are still mining and supporting the project, ETC classic is another example for me, a coin holding some value even after some cycles.

[Metroid]

Hehehe, you consider all altcoins equal?

I know it's pretty hard to keep altcoins in a long term portfolio, and many will end with a bag of coins
In 2017 - 2018 I had a lot of cards and I put 1 or 2 to only mine unknown coins to keep and sell after some time, expecting to be like ETH worthing a few dollars and them more than 100 USD at that time, and I ended with a bag of coins like I said above  

BUT there are projects of coins, like BNB and SOLANA as you said as a scam coin, who are supported by exchanges, and in my opinion we can't put in the same category of another coins, because it's a coin people will use daily to pay fees on the exchange or to run a game, example of Solana, and Polygon is another coin. There's as incentive to use
Just my opinion, and I don't like POS coins

Raven coin is a project I thought would be dead right now, but even 4 years later people are still mining and supporting the project, ETC classic is another example for me, a coin holding some value even after some cycles.

Exchanges like binances and many others are the main ones that pump scamcoins to make people not see them as scamcoins, so people feel safe to invest in them and then they die but before that binance and other exchanges dump before the coin die, people lose money and then binance and other exchanges create a story about it and stays as it goes, 95% of all altcoins are scamcoins. I lost lot of money in mtgox 2014, almost lost money on btc-e, acted fast on other exchanges before they died, mtgox in 2014 bankruptcy taught me many things.

Also Binance CEO said he lost 1.4 bilion on luna but I'm sure before that he dumped so much luna, he had billions on it, sure he lost small amount of what he had but that he will not tell. One thing I have learned through these years is, exchanges by law are just legal thieves, only leave coins that you are willing to lose. I'm still trying to get my money from mtgox, it's been 8 years and still waiting.

[Coinfarm ventures]

My advice = keep mining if your electricity bill is less than your monthly mining rewards, pay your electricity bill with crypto and hodl and swap the rest into BTC and HODL it

If power cost is equal to mining revenue, all the coins go to paying the power bill, and zero are left to HODL. On top of that, the video cards depreciate over time, especially during a bear market. A $380 RTX 3060 card can easily be worth just $200 if ETH went to $900 or ETH went to PoS.

That's why I'm selling half my video cards now, in the hope of building even more rigs if/when the real bear market starts. GPU prices are still above MSRP.

[S3300]

It will get to a stage where buying your favourite tokens will save you time and energy instead of mining that's why it's better to have some money available with you and also keep mining with what you have left, you still have a good chance to sell some of your GPU right now before its too late.

[Metroid]

It will get to a stage where buying your favourite tokens will save you time and energy instead of mining that's why it's better to have some money available with you and also keep mining with what you have left, you still have a good chance to sell some of your GPU right now before its too late.

I have 2 x 3080, I paid 800 usd for each in january 2021, I spent 100 usd to change thermal pads on them, I never bought them to mine, so I will not sell, yes I'm planning to buy 1 x 4090 for that new samsung monitor g8 1196 mini leds at 3840x2160 4k 240hz for gaming.

[Ketesnuko]

In a bear market should one be buying graphic cards or one should be buying coins instead?.

Do both if you aren't in a very tight situation, have some USDT and keep mining with what you have left, which ever works out you won't be missing out in both sides, this bear market will be around for a year and a half before things start settling again but I think 2023 will be worse, a very bad recession is coming.