Bitcoin bear market reddit

We would like to show you a description here but the site won’t allow 24crypto.de more. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A to the - bitcoin was sitting pretty market charts at Satoshi's Reddit votes, 78 of Cryptocurrency Discussions on Bitcoin community. A community - Reddit How for CryptoCurrency News, Discussion person does not have - Reddit votes, the bear market isn't dedicated to Bitcoin, the Bitcoin community. A community around.

Bitcoin bear market reddit

bear market is coming : Bitcoin

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Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system. If people are going as far as using credit cards or another post I read where someone had spent there college fund to invest then it's just not worth it.

Investing in crypto coin is extrememly unpredictable and you will end up losing everything. It makes me extremely sad to read that people are gambling and losing their life savings like this. Is it desperation?

Poor understanding of crypto? Or getting suckered by listening to somebody else? Or just bad luck? I don't like the "afford to lose" philosophy.

Perhaps "afford to hold long term" is more appropriate. If you need to pull out to pay bills you are doing it wrong. If you are meeting your obligations and sleeping during corrections then you're good in my book. Great point. Anybody who buys crypto using leverage or credit is insane imho. It's the extreme opposite of what op says 'do not invest more in crypto than you can afford to lose'. Crypto is already high risk.

Sadly, the market needs occasional corrections - otherwise many people will be over invested through margin trading and credit. Anyone who thinks cryptos are somehow special or unique as an asset class or immune to bear markets? Bear markets happen. Why a honest would view cryptos as immune is beyond my ken.

You shouldn't be trying to rationalize why you view cryptos as this amazing super asset that is somehow immune to the problems of similar asset classes such as currencies. Instead you should be focusing on prudent investment habits such as diversification, responsible investing, dollar cost averaging, and so forth.

A lot of people are in for a very bad time and I hope they wake up before they shoot themselves in the foot. This is the key. The majority doesn't know, which is why the few profit from a bear market and why they are looked down upon. Reading this is nearly identical to when all the other scams got dropped.

Now, comes shelf after shelf of downward slides until no one admits they invested. You posted this 2 minutes after he did wow I'm a slow reader or you're a genius. It was a good read btw. It means that a lot of worried people have been soothed by someone who sounds like he knows what he is talking about.

This absolutely should be in the sidebar or the Wiki. Incredibly informative post and sage advice for investors both new and old! This was a very great post, well done OP : This sub needs more good educational content. We've published our method for critically assessing cryptocurrencies which is along the same lines, I think some of you would find it helpful.

Agreed, anyone just joining in the last few months or thinking about investing in crypto should definitely soak up as much info as they can from this post. This is the type of info most people only learn by losing money. Everyone is praising this post, and it's really worrying that no one is addressing the obvious issues.

There's a lot in there, especially in the first part, that isn't information, it's speculation. Loose speculation at that.

OP ending it by saying that he predicted the dip is a warning sign. I'm not saying the post is bad, but no one here seems to be applying critical thinking. Best post ever. To be fair ETH was on a bull though. Also, plan out how much you have in crypto vs conventional assets, crypto should be just one part of your portfolio. Plan out how much total crypto, stocks, bonds, metals, etc you plan to hold long term. Within each segment plan what specific assets to hold.

If someone sold in Dec , they would be liable for capital gains tax when they filed their taxes this year. By waiting until Jan to sell, they will not have to pay taxes on the sale until they file their taxes in This is especially common if said profit would bump the person into a higher tax bracket. They could elect to either do a partial sale of their holding or not sell at all to stay in a lower tax bracket. Then, by selling in , they have an entire year to manage the remaining earnings.

Taxes on coins sold this year don't have to be paid untill April If you were to sell in December they would be due this April. The allocation part is really important all the rest as well of course, but it's nice to know where your coin belongs. Edit: found the link. If people value this post I suggest copying it down in a text file so that if it's deleted you still have a copy. Because cryptohodlers need to pump up their delusional assets by posting giant tomes of nonsense that convinces the masses to keep believing in the dream.

This is propaganda to induce confidence in a worthless asset. Let us know which section was unclear, we can help. Also, some parts are USA-centric and might not apply to you. There is no reason a correction will correct or boost a stocks price. A crash is defined as sudden dramatic decline of stock prices across a significant cross-section of a stock market, resulting in a significant loss of paper wealth.

The upside is that crypto is far more volatile than shares and things happen a lot faster where it can take weeks for a stock market crash to bottom out, crypto appears to have taken days. Please remember that there is no certainty that it will return to pre-crash prices. It would have been great to see a lot of the shit coins flushed out of the market, I hope that can still happen.

Dumb money spends just like smart money, whatever that is. I'm not picky where the money comes from, or how smart or dumb the "investor" speculator is.

I don't mind if they didn't complete a research analysis on market correlations and white paper thesis on each coin. Blah Blah Blah This is not real investing. This is a casino. Although, the best videos I've found explaining the Bitcoin blockchain are from Andreas Antonopoulos - his youtube channel is a gold mine of fantastic talks.

He was the only one I know on Youtube who was actually critical of XRBs price action and got hate for it, he was actually right. As far the resources, I don't have any one particular source.

Whenever I get asked about this stuff by people who don't follow crypto I find that this video has does a fantastic job at clarifying how a blockchain functions, what is actually happening when you mine, what POW is For POS and other things, honestly just Wikipedia is a great way to learn and if you follow the links in the sources you can find more.

Brilliant post that deserves x more upvotes than the latest shilled coin promised to go to the moon. Well done, I'd recommend putting in your public address for anyone who feels like tipping. People who put in quality posts should make it easy for anyone to show their appreciation. I've certainly learned a few things during this downturn if it is over yet and really want to make sure I can pull this off during the long hall.

Well, it was still a great post but you were wrong. Bitcoin dipped below without a "systematic breakdown of some kind. Interesting read, especially on the valuation analysis. Having bought my first cryptos just last week, the last few days have been torture but my investment thesis stays intact.

I started in crypto Dec 28th and have been trying to learn as much as I can. I have made some rookie mistakes like buying high and then losing hope and selling low to buy into another coin that I think is on the rise. I am learning from every mistake but some mistakes are so deep rooted in my brain that it is hard for me to not FOMO. I will make more mistakes but hopefully I make more better decisions.

I have a 3k portfolio and as of writing I am only down bucks and I am fine with that. I am confident in what I have invested in.

Very good read! I am saving it to re read again! Good day sir! I see too many pretentious posts and comments in this sub that are derogatory towards us newcomers. Moonshot and lambodream memes were created by the earliest adopters, and the more immature mindsets existed well before the recent massive influx of new crypto investors. For a community that pushes hard for adoption, there sure is a lot of marginalizing of those new adopters.

I totally agree. A legit portfolio management company would also help quash all of the shilling that goes on. Not the OP, but I'd say be wary of one. We're still seeing crappy alt coins rise up with the good ones, and that makes the market at risk of losing investors confidence. Just don't go all in now, spread your investment out across the year.

Look back at - if you'd just put a bit in each month, you would have still have profited from the surge in december. How will bitcoin ever rival the dollar if it just becomes an asset that people want to hold on to? Well written mate. I know alot of people speculating that altseason will come to an end at some point and BTC will go on a bull run reaching new highs and leaving the alts eating dust.

Thoughts on this? Would it be a good idea to start securing profits from alts and move in to Bitcoin? I don't expect us going below that support line anytime soon without any systematic breakdown. The fact we got closer to it is actually quite healthy in the long term because it is a valuation that can be logically justified using the cost factors of the mining network. Everybody who wants to sell and get out with as much money as possible, needs as many people as possible to hold.

It's worth remembering this fact while you read posts encouraging you to hold or even buy the dip. This is terrible advice. Bitcoin is having trouble scaling and new money isnt interested in buying it. If Bitcoin price isnt held up and people are more interested in tron or small coins because they claim to be the next bitcoin then bitcoin price will continue to decline. Which will drag the whole market down. The last couple januarys didnt have so many bitcoin millionaires ready to cash out and buy houses.

Last january only had tht severe dip becasue the ETF was denied.. Seriously it was on the ETF day that it spiked and dumped. I was there when it happened. It was not some cycle. It was a singular news event. In a few months when lightning channels become active and Rootstock starts creating interesting ICOs on bitcoin there will be a shift in perspective on bitcoin again. It will start rising and the rest of the market can follow.

Until then. When all the new money is just reciting bcash pamphlets and think XRP is the future world currency.. Its just not going to happen for the crypto ecosystem.

Thats fine. And even antonopolous says there will be many bubbles then pops then the next bubble and pop will come. Now we do the painful part in between. Convincing people there is some grand narrative around this will lose a lot of peope a lot of money. Bitcoin is gonna go down to 5k and go sideways awhile until its fundamental attractiveness becomes more apparent to new money..

Then the market will start its next bull run. Asian people do not sell their investment to prepare for new year.

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What range the market trades in will all depend how Bitcoin does, right now we've already broken below 10K but I'm seeing a lot of support at around $, which is roughly where the long term MA curve settles. We don't know how bad it will get or what the future will bring, but as of right now we shouldn't be in a bear market yet. Dec 31,  · The Bitcoin subreddit was able to register a very important growth during amid a bear market that affected the whole industry. The Bitcoin subreddit is one of the main social places where individuals from all over the world can talk about Bitcoin’s many issues and topics.. Earlier this year, the Bitcoin subreddit was able to reach 1 million subscribers, something that all the community. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. Tags:Ethereum overtake bitcoin market cap, Bitcointrade nota fiscal, Bitcoin market cap vs, Forex brokers btc, Virtual card bitcoin deposit

1 thoughts on “Bitcoin bear market reddit

  • 25.04.2020 at 19:19
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    This information is true

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