What did the Bear Market teach you?

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When the markets go up, in a way, you can't do much wrong. It's all about finding what gives you the best APR. When the markets go down however, it's slightly different. Suddenly the weaknesses of projects come to light and it's necessary to take action.

It's also in Bear Markets that you have the opportunity to learn valuable lessons that will help you in the future. Today we would like to ask you what lessons you have learned from this Bear Market? What has surprised you? Or what has scared you?

For this mission you are quite free to answer the way you want. Just share with use what additional experience this Bear Market has allowed you to collect.

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78 comments
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To be honest, the only thing that came to my mind is probably a little disappointed that my cryptos have fallen in value. But I still believe the good ones will go back up eventually so that's fine.

I think the more scary part comes from exchanges/funds/lending platforms which could suddenly freeze withdrawals or run into liquidity problems (I shall not name who), and it makes rethink a bit more going forward where to place my funds. Now I just hope the ones that I have shifted to continue to operate as usual.

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(Edited)

To be honest, the only thing that came to my mind is probably a little disappointed that my cryptos have fallen in value.

I would say that this is your first big bear market? Even if it isn't, it's not easy to see your portfolio going down rapidly... Mine went down around 75% from the top... lol...

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Hmm I started in 2019, not sure if 2020 was counted as a bear market?

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I count only the big ones... lol... My first was in 2018-2019, and unfortunately, I suppose that this one will last for a while...

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This bear market has taught, or reinforced rather, that these things come in cycles. This is not the first crypto bear market, nor will it be the last. You just need to ride out the storm and let it blow itself out.
!LUV

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Yup! Cycles and markets go up and down... It's easier to get used to seeing it go up, but eventually, we will adapt to the bear markets too... and use them for accumulating valuable assets!!!

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To be honest, bears and bulls in the market especially the hard ones>20% in 24 hours teach me to always do everything as fast as possible. Crypto is too much to handle. Act as fast as possible on every occasion and always remember to use cold money in crypto.

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yeah... In some moments you have to be fast, but on the other side, control your emotions and don't fall into FUD and FOMO at all that speed... :)

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My learning in bear market is to hold and accumulate as much as possible but only from solid projects

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but only from solid projects

This ONLY is the most important part of the sentence!!! You are doing it right!

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Bear markets have taught me that these are the best times to create a strong portfolio that will undoubtedly pay off.

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Indeed... The only thing that we have to pay attention to is to pick the "right ones"! :)

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When prices plunge, you can collect much more coins and tokens. The chances are that some of these tokens might develop nicely in the future whereas others will collapse. In the last bear market I had collected a lot of Doge. I managed to sell them for 600$ when prices went crazy :-)

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This bear market has taught me not to hold community tokens if I don't follow that particular community closely. I may be wrong but it seems like this market may kill a few communities and their coins along with them. I'm holding all of mine now in case they recover, but I'm sure a few won't be worth anything on the other side of this. !LUV

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That's something that I was talking about a lot lately... Some tribe tokens will never recover from this bear market and accumulating them at this moment is just a waste of time and money...
Bear markets are a great excuse for a price drop, but it doesn't have to be always in the same direction as the price movement... Hive is a perfect example at the moment...

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Unfortunately, you are quite right. Some tokens have no real use case other than staking and they don't have a real plan to give value to their tokens.

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No matter how many bear markets you go through, every time you do, the old saying that bulls go up the stairs, bears go out the window is reinforced!

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hehehehe... that's true, but still, with experience, you can take advantage of both markets... ;)

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It taught me to stop looking at prices as much and just accumulate as much of each crypto or token as possible. Looking at the downward drop in price is just depressing. Take care.

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That's so true. It's so depressing to see your bags being worth much less than before but in the end, you still have the same amount of coins...

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I've learned to keep some cash ready to invest in some of the opportunities that show themselves.

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The challenge is to go into things at the good time. Will things drop even more? or not? ;-)

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Until Hive drops further, my main focus is on BTC. Its so hard timing the market, do you prefer to try and buy the bottom or DCA?

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You are totally right. It's very hard or even impossible to perfectly time the market. I try to develop a feeling for when one of my favorite assets (BTC, Hive, HBD) are cheap and then I DCA over a certain time duration. At the moment, I'm buying BTC as well in small amounts but regularly.

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I think we are thinking similarly then. The euro is tanking badly against the USD so we are getting a double-whammy effect. I hope the CHF is holding up better for you!

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CHF is doing pretty well fortunately. Our central bank rised the interest rates by 0.5% about 2 weeks ago.

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What this bear market has taught me is that you need to diversify, constantly monitor your assets and keep most of it in stabelcoins.
!CTP

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To be honest, I don't think this bear market has taught me much. This is my second bear market and I feel like the first one taught me all I need to know. With this one, I'm able to apply what I learned from the first one. Namely, look at your projects and reevaluate whether you think they there are sustainable projects, good for the long haul. If they are, then keep buying. Dollar cost average your way into expanding your positions and just let it all ride. The cheaper things get, the more your dollars will buy.

That's what I've been doing this time around. During the last bear market I quit watching and quit buying. This time around I've been able to add to pretty much all of my core positions so that when the next bull run comes, my gains will be exponential compared to what they were this time.

Like I said, the most important thing that everyone should do is research your current holdings and decide whether you think they are going to be able to weather the bear market and come out the other side. If the answer is yes, then this is a buying opportunity. If the answer is no, then use the low prices to move out of projects that may never come back and get into projects you feel will succeed long-term. Even though you're selling things very low, you're also buying into something that's also very low.

The only other thing I would say is that this is also a time to take a few little flyers. Right now, there's an opportunity to buy significant amounts of things for not a lot of money. If you can afford to gamble a little, put $100-$200 into a project or four you think has a chance to rebound in a big way. The percentages are huge down here. For example, if you think #LEO could rebound to $1 someday, then putting $100 in at 6 cents could make you $1600. That's real money without risking a lot. Same could be said for #CUB. 3 cents. $100 could buy 3000 tokens that, in the Kingdom, pays you a yield over 50%, gets you future airdrop tokens, and could eventually rebound in price.

Just some food for thought...

Posted Using LeoFinance Beta

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I kind of like to increase my positions in bear markets. I added quite a lot of hive when prices were under 0.4$. If goes further up, I will increase my HBD positions. At the same time I get some cheap BTC. When you trust a project, now is a good time to build up your bags I believe.

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Very good post, Achim, and very good question.
I cannot say that I learned anything from the current market as this is not my first bear.
It did remind me that people are reactionary for the most part and many tend to panic too easily.

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That's quite true. The more the markets are extreme, the more we see the sheep effect where everybody tends to run into the same direction :-)

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Have a Crypto portfolio is also great.
Diversify the funds, and the pressure will not be too great.
!CTP

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Diversification is always a good strategy but then it has to be as wide as possible :-)

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First of thank you guys for bringing something to discuss which not only adds value to our conversations but also provides us with opinions from different Hive members.

Today we would like to ask you what lessons you have learned from this Bear Market? What has surprised you? Or what has scared you?

1 - Crypto Market is unpredictable, no one know when it pumps and when it dumps. Do not invest what you can't afford, prepare for both profit and loss, reality is not what you feel it at heart. Stay away from futures trading.

2 - Fall of Luna/UST, a very disturbing experience for many who lost millions and can't even complain.

3 - If you get scared you can't master a skill. Flow with the market's trend.

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Yes when castle cards like luna collapse, it can be a pretty shock for a lot of people. The crypto markets are mostly unregulated and in addition to ups and downs you have plenty of scams around...

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And right now fear index is red hot, so as safety precaution I better go for Stablecoins. Thank bro

!PIZZA

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3 - If you get scared you can't master a skill. Flow with the market's trend.

This one is a keeper! I was like that when I got into trading for the first time... I quit doing it as I was aware that I'm stressing too much about it without reason... Now, I'm more an investor than a trader and it suits me much better to me... :) Also, keeps me less exposed to FOMO and FUD...

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Card prices can fall faster than you add new cards to you deck. Otherwise just HODL unless you see a real reason for a project to fail. Lots of FUD floating around so sometimes a head in the sand isn't the worst option.
!PIZZA

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Yes Hodl is a good strategy as long as the project you are in is sold. It's often in bear market that a project shows it's weaknesses.

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I'd say the biggest lesson is don't forget to take some profits during the bull, so you have can accumulate during the bear :D

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That is pretty true. It when prices go up that we need to put things aside :-)

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I learned that in the 2018-2019 bear markets and said to myself I will do it in the next bull market... I did manage to follow my promise, but still, I didn't sell enough in the bull... :)
Next time, it will be better! :)

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(Edited)

This is likely my first bear market that I'm personally experiencing and invested in.

Of course I've lived through other bear markets, the first being the Asian Financial Crisis, but that was through my Father's eyes. I think he exposed me to the stock market from a young age, and I would consider him a fairly adept investor. Point being is to invest with a long term view, and in solid companies with good fundamentals. Most of them will likely work out.

The standard fundamentals apply to all investments, keep aside enough for emergencies and such, diversified portfolio, DCA even in downturns... it's a long boring slow grind. 🤣

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Whenever there is a situation like that, I like to take some distance and see the bigger picture. Like that we can avoid to take emotional decisions that we may regret in the future :-)

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It didn't really teach me too much as I am in my building phase. I don't pay attention to the fiat value as much. However, I guess I realize how important taking profits are through all the posts from people.

Posted Using LeoFinance Beta

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It's a good strategy not to accord too much attention to fiat prices and I agree that it matters to regularly take some profit on the way.

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I learned that cool heads will always be in the minority, so I can "win" simply by not panicking. !CTP

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That's quite true. When things heat up people tend to react emotionally.

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