THE BEAR MARKET HAS JUST BEGUN

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calmgasFull Member
Posts: 46 · Reputation: 285
#1Jul 8, 2018, 08:00 PM
A lot of people are gonna tell you that the end is near. They say #Crypto is never coming back... But check this out, $BTC just reached its lowest 2-week RSI since: - June 2022 - December 2018 - January 2015 Those were all points that marked the bottom of a bear market. This is the time to start dollar-cost averaging. No need to freak out. What's even crazier is how perfectly the timing lines up: 1428 days | from RSI low to RSI low 1288 days | from RSI low to RSI low 1330 days | from RSI low to RSI low The cycles are aligning. The situation is basically the same as before. Are you bold enough to buy while the crowd's freaking out? People usually buy at the highs and sell at the lows. Don't follow the crowd.
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ryanwizardSenior Member
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#2Jul 9, 2018, 05:35 AM
Many of those that are always after what the media is saying know less about the crypto market and Bitcoin, because they did not have much knowledge on all these, they shouldn't see it as a major concern to be more focused about what the media is saying and how they have to fear of missing out, when they can only overcome by holding and also afford to buy the more whenever there is a market fall and still continue holding.
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benledgerSenior Member
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#3Jul 9, 2018, 09:53 AM
The Bear market probably started a couple of months ago already. It doesnt just happen like the flick of a switch, its a gradual slide into a deeper red, week by week. The market will rise also withing a Bear market, there is never a constant downward slide just as in a Bull market there is never a constant push up. Its definitely a time for buying and there will certainly be others who will be holding out for lower market pricing and even trying to time the bottom [which is very difficult] After buying a few times around $100k myself, I have already started "lowering my average"
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ericminerSenior Member
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#4Jul 9, 2018, 11:14 PM
You don't need to be a rocket scientist to see what is coming, we are already in the bear market since the start of this year. Although there are some proponents of so called super cycle, it's not going to happened. so yes, it's the same and basic strategy again, do DCA, accumulate as much as you can, for the next 18 months and see how much you can save in our wallet. Then the next 18 months will the bull cycle again and it's up to you when you want to sell, rinse and repeat every cycle.
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raven07Full Member
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#5Jul 10, 2018, 03:43 AM
The most important thing is being consistent with buying bitcoin. So it doesn't matter what the prices . Unless for those that are thinking of gambling with bitcoin in the name of trading it . This are people that should be in panic over price changes. Following the crowd has never been my thing, even when others are unsure or afraid that the.market may not rise soon. Am keeping with my DCA strategy and I don't allow others perceptions about the recent dip to affect my decision.
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bear_maxiSenior Member
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#6Jul 11, 2018, 01:27 AM
We are already in the bear market and i don't think we can go below $50,000 this season fall, try to do your own research, also, we should expect the more of rise and fall of the market such that we have the seasonal performance as we always anticipate of it, this is just an opportunity for others to buy and invest, so they can hold till the time the bear season will be off and we launch into the bull season.
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danoracleMember
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#7Jul 11, 2018, 10:04 AM
This is the best mindset you can ever have when investing on Bitcoin. Smart investors always purchased when everyone is panicking since they will sell at any price due to fear even though it’s already on the low level while they are the same group of people that buy when the market is on the top thinking it will pump continuously. I’m trading only on spot so I always do it against the majority using GFI. I have nothing to lose when I purchase at the bottom of the current market cycle. If ever it dump further on my buying price I will just hold until it recovers which is a very basic strategy yet effective.
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GigaShardMember
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#8Jul 13, 2018, 05:38 PM
Yes, since the Bitcoin market has corrected, now is the right time to invest a lot. At this time, some investors have panicked and are selling Bitcoin, those who make ideal investments are buying Bitcoin and holding it for the future. So it is wrong to panic at this time, instead of panicking, hold Bitcoin for the long term and buy Bitcoin according to the DCA method. Bitcoin has increased and corrected according to each cycle, buying opportunities have been created for investors and selling opportunities have been created. However, those who bought Bitcoin in the beginning and are taking the opportunity to buy when the price of Bitcoin corrects occasionally and are holding it for a long time for the future are basically good investors.
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nonce_bitFull Member
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#9Jul 13, 2018, 10:50 PM
Certainly, for BTC, I think there's no doubt that no matter how deep the correction, buyers will always come. Here, a resilient mentality is needed, and not being provoked by the situation is the context. Every high will eventually come down, and it's time to reaccumulate with each person's own style and pattern, including DCA, of course.
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1t5_omegaHero Member
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#10Jul 14, 2018, 01:23 AM
The problem I see with that is that the ATH of the previous cycle was disappointing, and the one before that was not as disappointing but still disappointing. Let's hope that the decline and duration are not similar to previous cycles, because limited upside returns and long, hard winters are not good for marketing.
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hodler_b34rFull Member
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#11Jul 14, 2018, 07:43 AM
If you consider that today has many things mark a market bottom zone, the bear market did not just started but it already began and lasted for a while long time. From a bottom zone, it will take a market many more months for complete accumulation phase and escape from the zone and finish the bear market. If you say above things together, your saying is simply inaccurate as they can not exist together. It's good, DCA is good and anytime is good for DCA as this strategy is used for any market phase, not only in market bottom zone. So if you can manage your finance for DCA bitcoin, do it now, tomorrow and anytime in the future with your own money, especially with your discretionary income.
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alexaltFull Member
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#12Jul 14, 2018, 10:54 AM
Of course, it's clear to everyone that the bear market has started. The best thing to do at this time is to keep your DCA ongoing and don't panic because only weak hands panic and long term investors use this opportunity to buy as many bitcoin as the can in preparation for the next bull run. The bear market will definitely be over it's what you accumulate during this period that will determine your profit. The bear market might last throughout this year.
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c4lmdeg3nSenior Member
Posts: 191 · Reputation: 1118
#13Jul 15, 2018, 04:18 AM
In my opinion it might dip and even go bellow $50k if the bear market continues for the next 15-18 months. But then, it’s nothing. real investors don’t bother about the price of the bitcoin in a time like this  they are focused on the future ahead since they know how the market behaves. we saw bitcoin move from the very lowest  I could remember, 18k to 38k, from 40k to 60k and so on thats how it’s got to its ATM of 120k. Those who knows how the cycle is do not panic at all they just keep calm and move with their daily activities and keeping with the DCA strategy for more accumulation as this is the best time to buy. It’s just a function of time, patience and consistency and keeping with the DCA strategy for more and you’re good.
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Posts: 58 · Reputation: 247
#14Jul 15, 2018, 05:22 AM
I agree that the bear market has started, that’s clear. The most important thing is to understand that it’s temporary and not to rush to sell your investments, especially bitcoin. On the contrary, now is the time to start buying, because the bear market period is the time to accumulate.When bitcoin was at the peak of its growth, I didn’t rush to buy it and decided to pause, even though I usually follow a DCA strategy.But now is the perfect time for it.
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raven07Full Member
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#15Jul 15, 2018, 06:33 AM
There is a term that is quite famous in the world of investment, especially in the context of bitcoin as its main asset, Buy the dip and Hold, and the coolest term that is very revolutionary is to buy when people panic and fear, then sell when people are greedy, this can make you much better at investing in bitcoin, because times like now (bearish season) are gold fields that must be utilized as well as possible, it's just that you need the courage to do it, and supposedly if you are among those who understand market psychology, you will definitely dare to accumulate bitcoin.
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ben100Full Member
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#16Jul 15, 2018, 10:28 AM
I agree, psychology matters a lot in Bitcoin investing. Buying during fear isn’t easy, but that’s usually where the best opportunities appear. It really comes down to patience and staying calm when the market feels uncertain.
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qu4ntumoracleFull Member
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#17Jul 15, 2018, 03:18 PM
That's the most challenging there, trying to be brave and greedy in buying bitcoin while everyone else is panicking. You are not acting weird, but you are just doing the right thing which will bring you bigger profits in the long run. The bear market may have started happening probably months ago but since we are still in denial, its only now that we have accepted the fact that we are currently facing a bearish market at the moment. So instead of hating the current market, let this be another golden opportunity to buy and stack more bitcoin in our portfolio. It's okay to be greedy and aggressive, but still spend on what you can afford to lose. Its safer to stay that way.
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im_bullSenior Member
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#18Jul 17, 2018, 07:49 PM
I have read several predictions that Bitcoin will still hit another ATH before the bull run is over. It is possible that it could happen, but from the indications, we have entered the bear season. What are those who are panicking and selling at a loss thinking? Maybe they assume that Bitcoin will not rise in the future, or they don't have emergency funds to handle some expenses. This is because I don't see any reason why people are selling at this time. Keeping it for a few years would bring gains. This time is for accumulation and hodling. For me Bitcoin price will not recover this year. However nothing is impossible.
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bengweiSenior Member
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#19Jul 18, 2018, 07:43 PM
To accumulate or hold more Bitcoin in this season is the best advice always, but Incase one has pressing financial needs that demands immediate attention and there's no other way to get immediate funds other than to sell some or liquidate some Bitcoin asset, then it is okay. The taboo is to sell in panic over FUD or FOMO, simply because the market is in a bear season and your colleague or friends join the crowd to sell theirs, so you don't want to be left out. Hold and accumulate more as adviced and see the market rise to reward your patience and effort in the long run.
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paul.stakeHero Member
Posts: 651 · Reputation: 3798
#20Jul 20, 2018, 03:53 PM
Your text is confusing me. At one side, you claim we're at an all time low and that now it is the best time to buy, and then the title says that the bear market "just started". I'd say none of this will happen. The bear market did not "just started" and nor are we on the all the low of the bear market. We're not going anywhere until we touch $50k.
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