Bear Market Opportunities - Forget "When Lambo"

[aoluain]

So while the "When Lambo" crew have disappeared there is a lot of talk about Bitcoin's
market value falling further, $13k, $10k and beyond.

Think back to 2017 ^{The ATH at the end of the year was ~$19700}
Think back 1 year after to 2018 ^{Bitcoin fell to under $4000}

We all know Bitcoin in the long term is only going one way, and thats up but most of us
didnt take the opportunities presented to us like in 2018, $4000 for a Bitcoin  is now
a "sell everything" ^{to buy Bitcoin}price.

Everyone has a mark at such time they panic to BUY Bitcoin, at what price is your
"sell everything to BUY Bitcoin" mark?

We know $69000 is easily achievable and we may not see these prices again after next
year so we have to take these bear market opportunities.

[Rufsilf]

Something to remember is "when Lambo" is very usual to hear in the past years, asking when ATH. But then, it was answerable by "I/We don't know...
Maybe you are right - forgetting about When Lambo is somehow could help to relax our minds after seeing the huge decline.

Buy now - profit later. This is the thing we have to focus on rather than think about when is the next ATH. It is better to fill our bag now making ready for that moment as there is nothing happening in the future if we don't take action by now.

[buwaytress]

Realise I'm replying late down here but the thing though with a "sell everything and the kitchen sink" mentality, you're usually a right fit for the Wen Lambo group as well.

The guys doing their daily rounds faithfully in this forum are probably DCA-ing one way or other (I am too, in a roundabout way without actually buying), and $4000 was exciting, sure, but it didn't trigger any riskier behaviour. If you're not really affected by FOMO than you're also not really into digging additional holes.

DCA's already pretty much perfection. My 2 satoshi.

[salad daging]

We also often hear "when lambo" is when the price peaks, but without us realizing it, that is the right price to take for ATH but in fact, after bearish, the words repeat themselves.

The current bear market opportunity is enough to buy at $20,000 and wait $80,000 that's a profit that must be taken but believe me this will be the next ATH because of the direction of bitcoin with its forward line.

But sometimes people want to wait for lower, but that won't be a bottom but know that when it's bearish the buying opportunity is pretty good.

[aoluain]

Its funny though how it goes and how it will go, there will be people saying in a couple
of years from now, "Why didnt I buy more when it was $19,000?" and maybe "Why didnt
I sell the kitchen sink?"

Buy now - profit later. This is the thing we have to focus on rather than think about when is the next ATH. It is better to fill our bag now making ready for that moment as there is nothing happening in the future if we don't take action by now.

Thats pretty much what I'm talking about.

Realise I'm replying late down here but the thing though with a "sell everything and the kitchen sink" mentality, you're usually a right fit for the Wen Lambo group as well.

Ah I dont know about that, I take it that the "When Lambo" group were just impatient
or niave thinking their expectations were going to be realised short term, "Sell Everything"
is about realising the opportunities presented now are not going to last and may not
be revisited short term.

The guys doing their daily rounds faithfully in this forum are probably DCA-ing one way or other (I am too, in a roundabout way without actually buying), and $4000 was exciting, sure, but it didn't trigger any riskier behaviour. If you're not really affected by FOMO than you're also not really into digging additional holes.

DCA's already pretty much perfection. My 2 satoshi.

I DCA on average 3 times per month too from my wages and I think more and more people
are realising the benefit of the practice.

But sometimes people want to wait for lower, but that won't be a bottom but know that when it's bearish the buying opportunity is pretty good.

Yea trying to time the bottom can be tricky and you could easily lose out.

[el kaka22]

I agree with buwaytrees here, it is usually a very easy thing to do. Some people have trouble with the whole long term holding things. I feel like it is the easiest way to make money, and it just feels like it is the opposite of hard, you literally do nothing while holding, holding is not a thing that you do, it is just the name we call to doing nothing.

There are some people who fail to do it, don't know why and how, but it just feels like they are not good at it at all. I have been doing DCA for a while as well, and I wish I started earlier, I would love to have a lot more right now, if I had money, I would buy bitcoin right now without a worry at all, it is as close to bottom as it gets anyway.

[Jating]

I guess those "When Lambo" group knows how to play in the market already, sure they disappear, but they are having a good laugh and take advantage of those noobs selling right now as they are probably fattening their wallet again and then come out in the next bull run. Those are the smart one, while some are still tinkering and admiring this whale. But they didn't see that the accumulation phase is in the bear market where majority of us does not want to see.

[palle11]

I remember when I joined the road of this forum, I also heard of this when lambo but I didn't understand it immediately until a time I started picking the reason. During the time I heard bitcoin when lambo the price was still very cheap below $1k in that time but many people did procrastination on it as they do also mow and delaying the investment. Soon in 2017 that time around the second quarter, the time it was last quarter, the price has already announced bitcoin because it went as high as $17k before it eventually increased more at the last month. Now also it is looking like the same, buying cheap is equivalent to lambo depending on the measure of risk taken.

[STT]

We got a reasonable attempt at a turn around in the price.  Theres no reason to take BTC as a great thing to avoid, the YEN has really great problems underway and EURO is troubled hence it raises Dollar on balance and makes BTC under pressure when its trying to rise.  I do think the price action remains reasonable, nothing worth over reacting to.     I remember the prior bad sell offs and now we have alot of global event news but I dont think the situation is greatly altered from prior negative views of BTC.
   Stay reasonable, dont overcommit is probably best attitude to maintain


Target upside is about a monthly average, 50 day if you like around 27k.   I think we repeat alot for a while but theres opportunities for those keen imo

[Oceat]

I remember when I joined the road of this forum, I also heard of this when lambo but I didn't understand it immediately until a time I started picking the reason. During the time I heard bitcoin when lambo the price was still very cheap below $1k in that time but many people did procrastination on it as they do also mow and delaying the investment. Soon in 2017 that time around the second quarter, the time it was last quarter, the price has already announced bitcoin because it went as high as $17k before it eventually increased more at the last month. Now also it is looking like the same, buying cheap is equivalent to lambo depending on the measure of risk taken.

I guess history does repeat itself but in a different way such as the price difference but it's still the same in a way where the price is still higher than the last ATH in previous bull run. Some people doesn't really know how to find the positive side of what they thought would be negative, of course there's always a positive side you just have to change your perception on how you see things.

Bitcoin is not any other coins that would just continue to pump then suddenly dump almost everything until it gets delisted from the exchange. There are few people who can find opportunities in this situation and that is the people who's in this market for a long time.

[adaseb]

And another bearish thread calling for $13k or $10K. Seems every thread these days on bitcointalk and crypto Twitter is predicting how Bitcoin will crash below $10k.

This sentiment is completely opposite of even 1 month ago when we were at $30K. Back then nobody assumed that $20K would touch or even break. People were still bullish and now everyone is bitter and bearish.

[philipma1957]

Realise I'm replying late down here but the thing though with a "sell everything and the kitchen sink" mentality, you're usually a right fit for the Wen Lambo group as well.

The guys doing their daily rounds faithfully in this forum are probably DCA-ing one way or other (I am too, in a roundabout way without actually buying), and $4000 was exciting, sure, but it didn't trigger any riskier behaviour. If you're not really affected by FOMO than you're also not really into digging additional holes.

DCA's already pretty much perfection. My 2 satoshi.

basically this is a three for one sale

actually a bit better.
23k 3x = 69k

and we are 21 k so more like 3.2 for 1

I will buy more next week.

i got in at 17.7 ,18.9 ,19.9

[bluebit25]

The market is not for everyone, skeptics and advocates alike, as part of a way to drive prices up over time. Those who are not fortunate enough or precise enough in their understanding suffer losses and are psychologically dominated in this space. On the other hand, those who have been and are making profits in this market will find everything easy about the past. My view is also simple about the present life that I am seeing, experiencing, and experiencing. See if it really is. Fantasy life in the future will be very multidimensional and dynamic, so do your best in the present.

[pooya87]

The statements we see on the internet are mostly random made by people who make them according to their hopes and dreams and the direction that bitcoin is going. For example the "When Lambo" statements always come out when price is on the rise and the examples you mentioned about "$13k, $10k, etc." come out when there is a drop and they wish for a bigger one. We had that when price was $3k too when people kept talking about $1k and below just because they wished for it!

[Husires]

The bear market this time is completely different from previous years, as in the past, the bitcoin price was corrected independently of the entire global monetary system, meaning there was no energy crisis, interest rates, food crises, fuel price hikes, and an upcoming recession all factors that make the available cash in Your hand is little to invest, meaning I want to invest, but there is not enough surplus to invest, although I know that it is the golden opportunity to invest.

Getting rich is not about golden opportunities, but about how to seize them.

[Dollar_Hunter]

Bitcoin is already stuck at $20000 and we know many experts say $20000 is strong support,
and this is the time for us all to unite!, to be able to reach the goal of $100k next year we have to buy Bitcoin at $20k,
and don't sell it below $20 k, of course we can if we all unite for it

[Bitstar_coin]

Bitcoin is already stuck at $20000 and we know many experts say $20000 is strong support,
and this is the time for us all to unite!, to be able to reach the goal of $100k next year we have to buy Bitcoin at $20k,
and don't sell it below $20 k, of course we can if we all unite for it

Yeah tell that to paper hands, they seem to enjoy selling low and buying high, except an investors has a pressing needs that requires money which will compel them to sell now, i really do not see the essence of selling at 20k when we know the possibility of btc reaching another ath is very high, it is not as if the bear market brought an end to btc, why some investors are too afraid to hold!
Unfortunately, this is a free market and everybody are free to do what they want, but i do know that selling low and buying back at a high price is not the best approach to attain financial freedom.

[Kelvinid]

Getting rich is not about golden opportunities, but about how to seize them.

Some people will think that simply grabbing some piece of Bitcoin will make them rich instantly. But why do these people never become rich? It was because they left the market during thee bear season and just come back again at hyped. They sell their assets at lower price while buying them at high. Knowing the fact that Bitcoin is not a Ponzi Scheme that promises huge resturns in a very short period of time, therefore, we never have to expect such results unless we bought a lot of Bitcoin then hold and wait for the next ATH, then sell them.

[dragonvslinux]

Everyone has a mark at such time they panic to BUY Bitcoin, at what price is your
"sell everything to BUY Bitcoin" mark?

It would probably be around $12K, as this would be around 83% correction, but I also doubt we'll see these prices, especially if $17.5K will hold in the coming weeks/months. I also find the "sell everything to buy Bitcoin price" to be relatively useless. For me in 2018 it was in the $1K-$2K region, but this never happened as price only reached $3.2K. Instead I was a buyer when a breakout was confirmed at $5K.

I think most investors these days prefer to play it safe, and we'll either see heavy buying pressure if price capitulates further to $10K, or otherwise buyers will step in back aove $25K. After all, it's a lot safer buying into a confirmed recovery and trend change, as opposed to trying to buy a falling knife. Not to mention DCA during a bear market to be reliable in order to get an average price.

Personally I preferred having an average price of $6K to $8K during the bear market of 2018/2019, rather than buying $4K and holding for the duration, with price reaching $14K as well as returning to $4K...

[buwaytress]

And another bearish thread calling for $13k or $10K. Seems every thread these days on bitcointalk and crypto Twitter is predicting how Bitcoin will crash below $10k.

This sentiment is completely opposite of even 1 month ago when we were at $30K. Back then nobody assumed that $20K would touch or even break. People were still bullish and now everyone is bitter and bearish.

Honestly that's how I prefer it, really. Flush, purge, whatever it takes for us to get back on track. And really it's when times are the darkest and the naysayers get all hot and heavy is when we get some strength of a rally.

Case in point last month indeed, at $30k. Every analyst and his mom were having various levels of 40-90k.

basically this is a three for one sale

actually a bit better.
23k 3x = 69k

and we are 21 k so more like 3.2 for 1

I will buy more next week.

i got in at 17.7 ,18.9 ,19.9

Yeah, am piling in more work than I normally think is healthy for me too, at least short term until end of the year and then see if I'm not too stressed. So that's essentially me packing up to "buy" more -- so my last tranche was 20.5, not too bad. missed the sub-20 dips but suspect next week when I next request I might get some of that lovely discount action.