A bear market is basically when asset prices take a nosedive, often linked to economic issues like rising prices of everyday stuff (you know, inflation).
Bitcoin isn’t immune to these downturns, and its price swings can get even crazier during these times. But you know what? Most Bitcoin holders don’t freak out; adoption keeps rolling in, which is pretty wild.
So, what about you? Are you gonna ramp up your Bitcoin activity during this bearish phase, thinking it might just be a temporary dip? Or are you leaning towards selling?
What’s your game plan?
Navigating the Bitcoin bear market
19 replies 375 views
alex.shardLegendary
Posts: 1019 · Reputation: 5623
#2Oct 18, 2019, 12:36 AM
Bear market is not tied to anything more than people are selling because of the sentiment they have for bear market to occur, it has nothing to do with inflation.
Yes, I still continue to trade bitcoin, but I do not really hold it. I hold like 10% of my holdings while I will sell 90% but like I have said, I will continue to trade bitcoin which is one of bitcoin usage.
To yawn, to yawn a lot. And keep your strategy. If you are HODLing just keep HODLing and forget about the noise. If you are DCAing keep the same but it is OK to buy a bit more than usual if you have the money because you are buying cheap.
51gma_forkFull Member
Posts: 97 · Reputation: 658
#4Oct 18, 2019, 08:23 AM
The best strategy is sell Bitcoin when the price is high and then spend all of your money to buy Bitcoin during bear season. Be aggressive, so you will able to maximize the profit.
But, in my case I choose to hold Bitcoin instead of sell and buy at the right time because I have no way to know when was the right time to sell and buy Bitcoin. So, I don't need to care whether it's a bull or bear market, all I know is continuing to accumulate more Bitcoin.
The bear market is a good time to start accumulating many coins including Bitcoin. At that time, many potential coins will fall and stay at a low price. Bitcoin holders will not panic but they will see the opportunity to buy back Bitcoin and use that time for their benefit.
The bearish can come anytime and only those who are ready can use the moment. Those who panic will not see that as an opportunity but they will save their coins and maybe some of them will sell the coins.
The bear market will be an opportunity for those who want to start investing in Bitcoin or altcoins. But I don't want to sell my coins especially Bitcoin in a bear market.
There is nothing bad about the bear market, and it is not a time when investors only need to sell or panic. The bear market is not a threat to investors; it is an opportunity for them to buy more. The reason why many see the bear market as a threat is that they do not understand Bitcoin.
People like this only want to make money quickly from the market; long-term planning is not among their goals, and because of this, if the market falls, it becomes a problem, and people think only of selling their Bitcoin.
The only set of people that thinks that the bear market should not exist is those that doesn't understand it's benefits and functions of volatility, although we should expect to shiver or complain at any given market direction because of their mindset, sometimes it baffles me when I hear or see people complain about opportunity which is the bear and the fell to rethink that if there was no bear market how will some people be able to buy at a cheaper rate, despite that I don't advocate for people to wait to buy during the bear market, i know how important the bear market is to real Bitcoin investors but one thing I have come to understand is that human want is unsatisfiable so I don't get bothered when I see people act this way.
Invest parts of your money in businesses which can promote themselves better thus making more money.
Or the stock exchange, should you happen to live in a country accepted by traderepublic, or scalable capital, robinhood, among others,
Locally you also should have a stock exchange.
Buy land and grow.
If you decide to sell during bear market what does that mean? Doesn't it suggest that you're selling at a loss? It's best that as an investor, you have a plan on what to do during the bear and during the bull season so you know that you're better positioned such that you don't have to sell just because the market is going down.
Part of gh reason why people sell during the beer is because they need funds to sort out emergency. If you make proper plan and set out your emergency fund, you will survive through any form of bear without getting in a tight corner where selling becomes the only option.
ninja_atlasFull Member
Posts: 84 · Reputation: 259
#10Oct 21, 2019, 02:14 AM
Its still undeniable that in times of bear market, there are are still bitcoin holders who experience high emotions and get panic with their investment especially if they keep seeing bitcoin price continue to decline. Even myself I know I still have this fear deep inside, but if you have faith on your investment, if you keep high hopes with bitcoin, you will end up getting calm and relax because eventually, price decline will surely stop and gradually recover again until it reaches another significant price.
With this, Im starting to see this market bear season as an opportunity to buy in dips, and get advantage while the price is win bargain. No to panic selling as you are like selling at a loss and regret your decision in the end.
shard_minerSenior Member
Posts: 359 · Reputation: 1322
#11Oct 22, 2019, 09:46 PM
A very sound investment strategy coupled with strong emotional discipline, will make an investor more successful during a bear run and be prepared for the next bull run when it comes shortly because it must always come.
To apply the HODL technique, the DCA strategy, the review and reset or rebalancing of portfolio, would do magic to setup one in the right path to success rather than diversifying the portfolio or selling due to panic.
This post is meant to be on the Bitcoin discussion board for better view since it has concentration on Bitcoin.
The bear market always come and go and it does stay forever. If you keep your concentration on the bear market then it will be very difficult for you to invest more on Bitcoin due to the bear market sentiments. Any investment on Bitcoin should be taken seriously and it's important you take off the idea of the bear market coming into play and at the same time, investing for a long period of time has been known to be the best.
Holding Bitcoin has been proved to be highly profitable for anyone that can hold for years without selling their Bitcoin holding. This a very difficult aspect of investing in Bitcoin that needs full understanding of the long term benefits.
GigaSatoshiFull Member
Posts: 101 · Reputation: 659
#13Oct 24, 2019, 09:57 PM
Of course as you said bearish seasons are seasonal and no one can predict them with complete accuracy. Therefore these moments should be used as opportunities to accumulate. In fact it's not uncommon for most investors to double their purchases. You can do the same if you have excess funds.
My strategy remains the same: DCA, with regular weekly purchases.
CyberTokenSenior Member
Posts: 146 · Reputation: 912
#14Oct 25, 2019, 03:51 AM
I used to worry a bit during bear markets, especially in my first one, but I was lucky to start investing in bitcoin in the middle of a bear season, so I've never been on the negative. I saw 80% drops, but every time they happened I was in profit since bitcoin never broke below the 4 year lows twice.
Based on this I can recommend you all to invest a sum of money that you won't lose sleep over. If $1k is not much for you and the price drops by 50% and your bitcoin will be worth $500, you won't even care because that's nothing to you and that will allow you to make it through a bear market. For some of you that small money will be $100, for others $100k. Just play it safe and you'll 100% be in profit when the dust settles.
AtomicStakeFull Member
Posts: 153 · Reputation: 453
#15Oct 27, 2019, 01:34 PM
A bear market should be a better opportunity to buy and if you have the ability, you should take the opportunity to buy aggressively at this time. Especially in Bitcoin, a bear market is seasonal, it is not permanent.
We all know that Bitcoin is bullish and stable in the long run. Compared to today's market, the market volatility after 10 years may not have any negative impact on your investment.
A bull market can be the best for selling compared to a bear market. However, in this case, an investor should wait for his goal to be achieved. In the end, those who regret it are the ones who have the ability to hold Bitcoin but sell their holdings out of fear or greed for small profits.
I would advise you to continue buying at any moment in the market and I would advise you to prioritize the preferred strategy for buying. Don't panic and stay with Bitcoin and keep buying regularly.
humblefarmSenior Member
Posts: 378 · Reputation: 1571
#16Oct 29, 2019, 12:21 PM
Bear season is for aggressive accumulation. I wouldn't mind increasing my DCA amount just to get more coins. Most people who sell this period might lose, make no profit, or make little profit. People who sell during a bear market either had a poor plan, are ignorant, lacked emergency funds, or were influenced by FUD.
It's a good topic to discuss because you need a strategy before the shit hits the fan and everybody stampedes for the exist. The good news for bitcoin is that it's starting to reduce in volatility, especially as more ETF's come into existence which absorb institutional money that is a lot slower to move and doesn't necessarily run away so fast, because the biggest owners have few other places to put their money anyway. The best defence you could possibly have against a bear market is diversification but if everything is falling you also need to have resilience and understand that it will recover given time, but if you cash out you'll never benefit from the later rally. A common error is to buy at the peak and cash out at the bottom, but this will leave you a very poor investor over the long term
real_pixelSenior Member
Posts: 206 · Reputation: 1105
#18Oct 29, 2019, 04:10 PM
It's likely that many have already sold. That is a once-in-a-lifetime opportunity to see Bitcoin hit $100k. Those who have bought it from $80k and below or those who have been holding since $3k, they're all in the profits and they won't let it pass. Many are emotional during the bull run and they buy at the peak which they have no idea that people who are selling their Bitcoins to them have bought when it's cheap and have the patience to hold for how many years. It's okay, the best strategy remains the same. No matter what the price is, DCA is the best option bulls or bears.
block_hashFull Member
Posts: 108 · Reputation: 698
#19Oct 29, 2019, 09:27 PM
If you have strong belief in this market, you would invest. And you won't panic when the market starts going down. Because you know that there will be time that it will go up again. So bear market is actually an opportunity if you know how to work around it. For years, we have seen the up and down movement of this market. And if you have the weak heart, you will actually sell off at a loss. So bear or bull market, you should know the contingencies that you need to apply in order not to lose on this market. You can always take advantage of the opportunities brought by the bear market as you can stash more if you want to or financially capable to do so. Because if you have no belief, you won't have the drive to stash this currency to your vault.
If you want to get benefit from Bitcoin, let's invest and hold in bull market and during bear market.
Remember that bear markets are perfect chances for accumulating bitcoins with cheaper prices than in bull markets. Usually each bear market lasts about 2 years which gives disciplined investors very good accumulation period.
If you want to have money to spend regularly, let's store part of your money in cash and stablecoins. Selling bitcoins for spendings during a bear market is bad practice as you will have to sell your coins at lower prices than in bull market, it's not smart at all.
Let's quickly see this chart and tell me whether you want to sell your bitcoins in green candles or in red candles.
https://charts.bitbo.io/yearly-candles/
Related topics
- My take: Michael Sellor will trigger the bottom of this bear market in 2026! 19
- Could this discussion impact Bitcoin down the line? 19
- what's on the horizon after bitcoin falls under $80k? 19
- Bitcoin price update and forecasts 19
- Top 20 Bitcoin Days 19
- Bitcoin reaching $1 million is definitely within reach 19