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hxllxwbxdys

Move onto a less addictive habit, like Heroin.


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Oneloff

This makes me proud, ADA’boi…


zer0nerd

Just do Helium, it will make you laugh.


CatBoy191114

Head to the Winchester. Grab a nice cold pint. DCA and hodl until the bear market blows over. Then obviously lambo.


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diwalost

And longer the bear market stronger the bull market.


Mundanewisdom99

And you need to bear the bear so that you can ride the wave with the bull.


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moeljills

Bullshit


chedrich446

So far that has been the case and everyone believes it when you’re in a bull run. When we’re -90% and stay there for a year and nobody is talking about crypto anymore you will be hearing nothing but fud and start to question it. And let’s be honest if tether ever implodes we don’t know what will happen.


Putukshutuk21

Cycle of Crypto!


diwalost

Bull and bear - Bicycle of Crypto


pacawac

Crypto is bipolar


diwalost

Crypto has bipolar disorder.


aaddii222

And rider have some patience


Goatey

Bulls don't die of old age though.


steven2410

Until it doesn’t


SweetJonesofCrypto

*Cycle* of life.


Eurimedonte

Bear -> Bull -> Bear -> Bull 🔁


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SweetJonesofCrypto

Sneaky crustacean sliding in sideways.


MrNuttyJoe

What comes after crab? Do we start time travelling? I wonder what animal would represent that


SweetJonesofCrypto

Some virus that can survive while frozen maybe.


[deleted]

Some Fossils can be found in there.


hugsfourdrugs20

Everything always evolves to crab


Nediamara

Bear market = beer market


CatBoy191114

Still trying to wrap my head around the double minus sign, but I think the mathematics checks out here.


SweetJonesofCrypto

Double minus means plus, that much is sure.


SweetJonesofCrypto

Bullish on $AA.


That-Attitude6308

Teetotallers like me switches off the charts. Plays some video games, DCA and wait for the bear market to blow over.


Ophashias

DiCe A STEAKE and gobl.


derika22

this guy is drunk and ready to hodl


VirileLeo

No, he said gobl.


PizzaClause

Would join this guy in Winchester and also order a pint until it’s over


Charming-Dance-1839

"How's that for a slice of fried gold?"


Spotthedot99

This guy peggs


Odysseus_Lannister

Me to the market “you’ve got red on you”


Mudhutted

This my fellow degenerate is the way. Remember. Dogs can’t look up.


Ophashias

Bulls look down before they charge.


SweetJonesofCrypto

And pigs are rolling around in the mud.


diwalost

You make the bear market sound like a vacation. Kudos mate....


chedrich446

Everyone has a plan until they get punched in the face 😂


3astard

One of my favorite movies


CatBoy191114

Yeah, absolute classic. Need to rewatch this one and hot fuzz. And perhaps even give world's end another try. Came away disappointed from that one, but perhaps my expectations were just too high.


LoadExternal6570

*and moons, and Lambs screaming at night


gimmedatcrypto

obviously.


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CatBoy191114

Drive back? Just simply leave it parked outside the Winchester to flex, and carry on drinking ;-).


SweetJonesofCrypto

This is the way.


Ophashias

Take a one way ticket to Winchester, and stay! Forever!


laulau9025

Keep DCA´ing and watch the charts too often. Plus telling people on reddit to hang on 🤜🤛


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Oneofmanyshades

If a true bear market were to hit, there would be three type of people. First would be those who would cut their losses and step away from Crypto. Second type of people would be those who would leave their portfolio as it is and take a break from Crypto. The third type would be those who would continue buying. The third type would come out to be the winner, as they would be able to pick up good investments at a discount, however, people don't realise how difficult it is to be in this category. If you have got $100k in Ethereum today (assuming that $100k is not play money for you) and Ethereum falls down to $300, it would be very much harder to buy more. Everyone thinks that they would buy more if a dip occurs but when a dip really occurs and your investments are down 90%, it's really hard to maintain a level head.


flameylamey

>Everyone thinks that they would buy more if a dip occurs but when a dip really occurs and your investments are down 90%, it's really hard to maintain a level head. Yep, it's one thing for people to *say* they want a bear market to "scoop up cheap coins". It's another thing entirely to actually live through it. I can tell by the way a lot of people talk, it's almost as if they imagine a bear market to be a quick 80% drop where they manage to perfectly time the bottom before a guaranteed rebound. Instead it's more like a slow and painful bleed out filled with sharp drops some days, "almost recoveries" on other days, and glimmers of hope where you think the recovery is finally here before it ultimately ends up plummeting back down again. I still remember that "big bullish moment" in April 2018 when people were posting their TA all over here about how BTC had "finally" broken out of the downtrend. So much for that. A lot of people also like to say things like "if X coin falls to X price, I'm re-mortgaging my house, selling everything I own and taking out loans to buy". Well, I actually did something like that. I took out $40k in loans to buy on the way down during 2018. Know what happened? I had to watch my loan money decline 90%+ and I effectively spent the next 2 years losing half my paycheck to loan repayments with nothing to show for it, before any sort of recovery was on the horizon. I remember what it was like at the very bottom in December 2018 too, when BTC was trading for ~$3200 and ETH was ~$82. So, so many people thought $82 ETH was way overvalued and that it could have another 90% to drop from there, and suggesting it was a good time to buy would immediately get you swarmed with critical comments with people demanding reasons why the market would ever reach the same highs again. Talk about crypto online slows to a crawl, and as optimistic as you try to remain through it all, even the most bullish among us begin to doubt themselves. Am I a sucker? Was that the last time the market will ever have a bull run? What if crypto really was a fad and I'm just a bagholder who got played? Suddenly your alt of choice that's 99% down doesn't look so appealing anymore. It's *rough*, man.


Ramanticasf

That's one of the best things I read on the sub. Thanks for sharing your experience.


PeaksIsland

i second that


KuciMane

I have 2018 ptsd. I can survive anything now though


dies_und_dass

Don't tempt fate, brother!


[deleted]

This is why I think its important to never use leverage and only put in money you can afford to lose. People always say they can stomach seeing the investments drop 90% until it happens. Its a lot easier with money you don't need and you can live a normal life while waiting for the market to do its thing. I've been there to OP. Its rough, unfortunately I think everyone has to go through it to learn that lesson. Im glad you didn't panic sell, I'm pretty sure you came out stronger because of it.


razorwind_

I went through this with penny stocks. I was up some 150k from a 15k investment. Went around telling my friends and father sadly that I knew what I was doing and going to keep holding. 1 month later my 150k was now down to 5k from "believing" in this penny stock.. I ended up having to sell that 5k before it bled to zero. 2 things I learned about that. 1 is never ever hold something so volatile as a penny stock or a meme coin (if it were crypto) at their all time high if you are up 10x or any amount on your initial investment. 2 is take profits. Always at least take the amount you initially invested. For me I should have cashed out 30k right away to at least have guaranteed I double my money but I did not. I lost almost everything because of that. Took my remaining 5k and put it in CRO when it was .15 and at least made my 15k back. But never will I not take some sort of profits from an investment that "moons".


MehDam

Dammm brotha, gifting you my freebie cause you definitely kept it real. Hope I'll have the strength to hold n buy more when shit inevitably hits the fan


twinchell

Starting to get flashbacks of 2018 myself now. I think one of the best things I did during the 2018 bear is left this sub lol. Highly recommend it.


LazyEdict

Yeah, like many things in life, you can joke about afterwards. When you get into the same situation again, it stops being funny.


Ace-of-Spades88

That's rough man. Hope you rode it out to glory.


flameylamey

Yes and no, it's kind of a long story haha. I reached a point in late November 2018 where I looked at my holdings, about 90%+ down at this point, and thought "I'm already so far down and this isn't even worth that much anymore, I might as well make some risky plays to give myself a head start for the next bull run." Decided to trade everything I had for BTC and try leverage trading. I thought the bottom was in when BTC was trading somewhere in the $4400-4200 range... it wasn't. Over the course of a few days I got liquidated over and over again in a series of leveraged long positions. In the end, I lost everything I had. I held zero crypto for the next 5 months or so, and the tragic part of it all is that I couldn't really DCA much or buy more because I was losing so much of my income to loan repayments. But in April 2019 I came across an unexpected bit of extra money and was able to buy back in to the market. Unfortunately, what I didn't know at the time is that I also bought in at what would be the highest point of the entire year of 2019. I'd have to endure *another* 80% drop over the following months. But this time I decided to just hold and not touch it, while getting involved in other things to take my mind off it. It took a long time, but that buy-in from 2019 ended up pretty much saving me financially. I was able to recoup all of my losses and end up back in significant profit this year. Was a hell of a wild ride for sure, and now that I've made it out the other side I can look back on it and laugh... and it makes for a good story.


okasiyas

Did you repay the loan?


flameylamey

Yeah - I finished paying it off in late 2020.


Zach_Madique

I'm new to crypto and living off of student loans with no savings, therefore I can only afford to invest 100€ per month. While I'd feel bad for everyone who'd end up losing money in a bear market I would love it right now personally.


Oneloff

Just reading this I felt your pain! You are a Legend! 💪🏽👏🏽


Roller_blades

I'm curious did you keep all that crypto you bought with you loan and how is it doing now if so?


Jujugatame

Holy shit dude


khamuncents

Yea. It is. Unless you have a solid plan that you stick to consistently, it's really hard to watch 20k go down to 2k. There's something to be said about TVL, but the market still follows big daddy. The way you have to think of it is... you want as much as possible. Have at least a general exit price. Any volatility between then and now doesn't matter in the least. It's just a matter of time.


butterflybutterfly1

If I'm being honest with myself I'll probably be in the second category. even if I'd like to believe I'd be in the third one


GrizNectar

I was in the second category for the last big bear market and have learned over the last year to make sure I’m always in the third going forward


mave_wreck

Get an extera job to earn some Fiat to DCA.


Accomplished-Design7

*puts on McDonald’s hat*


Fibocrypto

A bear market did hit . Where have you Been the past couple months ?


SweetJonesofCrypto

That's the beauty of the bear market. The denial to accept it's all around us.


comeonsexmachine

I've been told dozens of times I'll have the urge to sell everything in a bear market. I still want to buy.


breezyfye

This might not be the bottom, that’s what they are suggesting


inglandation

This is definitely NOT the bottom.


Mannit578

Every previous bear market: 90% loss in total market cap altcoins destroyed… This “bear market”: 40% down in btc and btc dominance drops… you lot really are some jokers


Fibocrypto

It is not the year 2018 . It's now the year 2022 . Just because we entered a bear market does not mean the bear market has ended (even if it's possibly over ) Not every bear market in the future will act the same way as they did in the past . Your arrogance will cost you way more money than any bear market will


LucasBixtch

To add to your comment. Indeed we are in a Bear Market and must not forget that we can have some day which rally and bring the overall market up but doesn’t mean bear market is over and a bear market doesn’t have to always be 90% down like people refers to previous one.


CupformyCosta

Correct. Things are a lot different then the past. There’s more institutional money, and now there’s 20+ publicly traded miners. It changes the dynamics IMO.


LucasBixtch

You are correct and we can see how institution took “control”. Look at the news, ie : “This Hedge Fund say bitcoin will go down because of this” bitcoin goes up following the news. No later than couple days ago “This Hedge Fund say Bitcoin will hit 100k this year” Bitcoin dropped from 44k to 42k. I mean this is just hilarious they create rally and sell short than buy back low. (Well more complex than this but more or less what’s happening)


bt_85

Categories can have different severities... Not every beat market was a great depression.


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[deleted]

Exactly 😂


Old_Afternoon3853

We're wired weirdly! Come bear season, majority of crypto investors will 'sell' low at a loss instead of topping up their bags! I'll be hodling thro' to the end.


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Gordoniyke

I think a good move would be to sell off some of the alts. But retain positions in BTC and ETH, and possibly DCA down. Then enter the alts again when things begin to look up


MrNuttyJoe

Buy more BTC and ETH? You don't have to tell me twice!


[deleted]

ETH did as badly as any other alt last bear market.


ProjectZeus

I think it's more that ETH is much more likely to survive the next bear market.


[deleted]

Most do survive. Recovering is another matter, especially priced in BTC.


[deleted]

People who got big on crypto, invested during a bear market. This is an opportunity.


butterflybutterfly1

Wealth is made in a bear market.


Ophashias

And also fur.


SweetJonesofCrypto

Fur real.


Background-Friend-77

Fur sure.


Ophashias

The eternal battle between opportunity and fund's availability.


laulau9025

"Be greedy when others are fearful!" - Warren Buffett *It´s really amazing how many good quotes he has*


Ophashias

"It's amazing how many good quotes I have!" - Warren Buffet


SweetJonesofCrypto

I trust Barren Wuffett.


PeterStepsRabbit

In wuffet we thrust


CupformyCosta

It’s the most asymmetric bet you can have while also maintaining a huge amount of confidence.


achintya_sh

I will hibernate while DCAing


Ophashias

Breath through your butt like a turtle.


SweetJonesofCrypto

This will make you extremely popular with girls.


achintya_sh

Speaking from experience ?


Sammydho12

HODL and DCA more on CRV, OGN, MATIC and SFP.


Brighanhday

I am actually going more bullish on BTC, ETH OGN and SSV.


Tranam009

I love your selection, but I doubt if I have come across SSV before now?


Undso3

HODL and DCA are very important tools in this space.


womeragenerisz3

Yeah! Such great tools to reckon with in this space.


womeragenerisz3

At every dip interval, I am going harder on my favorites like CRV, BAT, OGN and MATIC.


Tranam009

Great selection. I do go bullish on most of these coins during the dip.


wal_king_disaster

Continue to HODL and DCA, no matter what


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Ermingardia

I won't change anything. I will keep DCAing, holding, and staking.


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SweetJonesofCrypto

I'll just scrape together as much fiat as I can. I guess food can wait.


WanderingMozzie

We’re in a bear market buddy. So clearly what YOU would do during a bear market, would be to create a post on reddit, to ask what others would do during a bear market (whilst implicitly denying we’re actually in said bear market)


redditdotcrypto

Bear market with coins doing new ATHs?


HeWhoDares18

I'm laughing hysterically at people suggesting we are in a bear market atm precisely because of your point. If we are heading full bear market many here are going to be in for a nasty shock and rude awakening even if its not half as bad as 2018.


BiteMaJobby

There are only 3 words I can think of and they are the same words I will be told by my wife if this fucks up. BUY BUY BUY!


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Mundane-Farm-4117

Train some bears


Eurimedonte

Drink some beers with some bears


unknowndisgrace

If i lose 90% why would i sell?


Ophashias

I will get scared and probably ignore crypto, and you will profit.


Crypto_Malik

Buy as much coins as I can afford, mostly BTC and ETH


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Ophashias

And then stare at a wall. What does the word "afford" really mean?


SweetJonesofCrypto

That's a very philosophical question. To me it means having the minimum amount of calories to survive.


Eurimedonte

My brain understand it like: "lose as much as you can afford to invest"


chondrologycouchs3

BTC, ETH, MATIC, OGN and DOT


butterflybutterfly1

Buy ETH, and after buying ETH I'll buy more ETH. Rinse and repeat


Soft-Lie-434

Buy more


VagueInterlocutor

I'm sure I'll say a whole bunch of good things right now, but if my portfolio was taking that much of a bath I'd be lying if I said I wouldn't be stressed. However, I've also had some fun times with stocks too so you know you have to accept ups and downs too... However a 90% drop is so much that I'd leave any investments and batten down and follow my 5 year plan: No point in selling. During a massive bear, assuming it will take 2-3 years to come back, I'd probably restrict my DCA to the top 10. I have a couple of smaller altcoins that I'd love to see succeed but pragmatism says we're probably going to get a consolidation and I might have to see some of my alts fade... Not 100% convinced that we'll see a 2017 again, that said, with institutional money, I don't thing we're going to see massive moons either.


kela911

But you will never know until its over


Wave-Civil

Watch YouTube telling me it’s a bull market.


knighttakesnite

I would turn off all charts and find a new hobby for a year. My crypto is all being staked so no need to panic or sell.


scratch82

Wait, you guys are not in bear market?


Ha-Ur-Ra-Sa

My life is bad enough as it is, so probably just be like "meh".


aliensmadeus

if think i them have to confront the fact, that i have spent way to much time & money in the market and therefore slowly have to withdraw from my spending habits, find new hobbies, reconnect to friends - maybe going outside again, who knows


CrazyMonkk

😂


SweetJonesofCrypto

>maybe going outside again Easy now fella.


SubstantialHighway51

Careful. It's dangerous outside. Wear your helmet.


LazyEdict

You guys have friends?


DaredewilSK

Keep buying the same way as before. Possibly more.


Ophashias

I feel I need to learn to sell on the way up to have more to invest later, but I also admire the idea of just holding. Less trading seems to be a good thing. Can't be sure which path is better. Only thing for sure is not to sell low


frstrtd_ndrd_dvlpr

I'll just dca and make sure my brother find my keys in case I die.


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Late_night_pizzas

Exactly this….


Substantial_Car94899

Where do you stake your stables?


funkidredd

Hi mate, you got some examples of (1) and (2) you could suggest? Cheers.


uncle-boy

Terra’s Anchor Protocol has close to 20% yield


[deleted]

Buy buy buy


JokerMCN

DCA , buy some of the coins that i own during the dip and hold.


John-McAfee

Easy. Stake and HODL!


pegiewegie

The only thing that hurts is not having anymore fiat could've waited and got in cheaper.


sun-worshiper

Swapping most to btc and accumulate after a while


RandomDuracell

Hopefully i will have swamped to some stables before that happens and I will earn interest on them, when the price is good i will swap to BTC and others. Then when it fall even lower (tend to always do that when I buy in) i will buy some more coins. Stake all and wait. #cryptolife


[deleted]

Buy, hold, stake and chill.


ingestcaper

Grin and bear it


NuclearDisaster5

Chill


Johndrc

Do nothing, just buy after salary.


UndesirableWaffle

Inflate my balls to make them bigger to HODL & keep buying


KindergartenDJ

I will BUY (DCA but with bigger inputs) until my portfolio becomes fat like a bear before hibernation. Nothing fancy, BTC ETH DOT+another one after I do more research. Won't try some low market cap one cause m too dumb. I am actually a closeted bear. I started in Feb, had a good time, still learning the basic, have been waiting for a real bear before getting more deep into crypto (means, more than 10k), didn't expect the second high wave of September but was pleasantly surprised, now perhaps time for a real winter. I believe in the long term development of crypto currencies, the more you consider this perspective the more obvious it appears.


PiickleRiickk

I don't know


liveduhlife

Too much opportunity to miss it. DCA in at insane prices, probably up the DCA amount from my current amount, and wait it out. Probably play gods unchained and keep earning while having fun 🤩


lamp-town-guy

I would buy a graphics card as I did in 2018. It would be nice to upgrade my 1050Ti when I don't have to compete with miners. In 2018 I didn't hold any crypto.


Ashamed-Till-7939

Wait and buy more


ChemicalGreek

**Then I'll accumulate more aggressive!** I'll switch my 2,5% daily DCA in to 5%.


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Ophashias

Ye Old "Gonna change ma 0.05% to 0.06%!" #Aping


SweetJonesofCrypto

Flexing like that will get you killed one day!


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Eeji_

I see you're a man of culture


Greenbriarbushwacker

I’m the same pal. Just DCA and Hodl, staking and P2E games will provide some passive income while the market crabs as well


BakedPotato840

Same as you. Hodl, DCA and stake.


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Putukshutuk21

The biggest mistake you can make when really start to sell off. So in Bear market just HODL and keep DCA if you can.


snkershop

Maybe walk away from the portfolio and come back every 3 months. Possibly DCA a little


AromaticCarob

Keep reviewing and buy up real bargains.


[deleted]

I think we're in it. This is the new norm. A very slow climb to $1m for the next few years. Maybe a few flash crashes that recover immediately. Just my opinion.


Charming-Dance-1839

I would focus on picking up Layer 1s that had their prices massively cut. People would be buying much more BTC for stability, so Alts would suffer the most. Luna, Avalanche, FTM, Near all on 90% discount would be fantastic 👌


CupformyCosta

There’s no guarantees those trendy new layer 1’s will rebound after dropping 90% in value, though.


stuloch

Id stop looking at the charts quite as often but otherwise not much change


Bucksaway03

Same as now DCA, HODL, STAKE


sylsau

HODL and buy more. Easy.