My Action Plan for Crypto Bear Market 2018
7 years ago in #cryptocurrency by louisthomas (76)
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Bitcoin hit its high just a as the the CME futures went live! Just saying.
The honey badger was captured by the bankers, and we cheered it on.
Honey badger will pull through. It always does :)
i`m going to hodl btc and fiat and will buy alts when we hit 20k again
Bulls are strong....just not many. Im gonna be buying on monthly basis. I rate my chance to go to negative in my portoflio as very low, but I accept it. Im thinking about 2020 ...so Im undieing bull.
My strategy:
I finally got 1 whole BTC (I didnt belive this will happen) so Im not gonna increase my position there (50%)
Im dollar cost averaging into BTC until it reaches at least 25k
Steemit earnings are 50/50. 50% goes into my alt speculation.
Only ICO Im investing is EOS. Slowly buying each week.
Hey Andrej! I love that you have very clear and measurable goals in place. That's awesome :)
My goals are so far in the future I dont even need to care about them :D
Right now I have 2 reasons for wine-treatment
I agree I’m going to just sit and wait it out, thanks mike
excellent plan, it is good to look for a camido to grow in the world of the crypts
You hit the nail on the head, I am expecting that prices may languish for a while but I am simply NOT willing to sell despite my expectation that if I did it may enable me to buy lower later. I simply am not willing to take that risk.
As I see it, the technology of blockchain is so revolutionary I simply am not willing to step away for any time at all. It may cost me paper losses, but I expect it will all come back later.
Goal:
Identify quality and undiscovered "value", invest and hold.
Wait till price comes to reflect value. (aka. Moon)
Then repeat.
Great to hear we're on the same page :)
Interesting plan, have good results!
Varie nice the post and 2018is a varie happy
Great video at just the right time Louis. Months can go by before I check my stock portfolio. These are long term investments of ten years + for me.
One thing I have learned is I’m as susceptible to greed as the next guy. Should have taken profits but hey ho. This will help me develop.
I will this on board @louisthomas thank you , but please wear a thicker coat you look really cold !!
Follow Bitcoin for leads of where the space is heading. Right now Bitcoin is in a no trade zone...just bouncing between $8400 and $10000.
If we can get past $12000, wait for a pull back to go long. If price drops below $7600, an excellent buying opportunity will be at $6000.
I'm hodling my core positions and accumulating more by trading smaller positions.
How could there possibly be a year long bear market with all these new crypto companies, platforms, exchanges, groups, systems and iniatiatives rolling out actual products this year??
I'll give you a one word example:
EOS.
Hi Louis, enjoy your content! I represent moneytronix.com . You put in alot of work into what you do. Check out my steemit page would be honored to do work with you and announce the release of our platform. Can reach me through my website or connect on steemit thank you!
While I think HODLING is a valid long term strategy I think that people should at least consider the following stock market sayings
1/ The trend is your friend
2/ Run winners and cut losses
3/ No one ever went broke taking a profit.
If you got into BTC way back when then this bear market is probably insignificant in the grand scheme of things and you can HODL it out. If you got in during December 2017 I am not sure this is the case.
Given what is currently going down it might be an idea to consider realising some profit /losses, trim back exposure to cryptos, and wait for the next crypto uptrend.
I hope the bull season is coming any time soon. nice video Louis
hope this doesnt last that long , as long this doesnt change much in the crypto space
Yea market is bloody red but in my opinion Bull is way stronger than bear, I hope bullish flag will soon hit the bear thing out...And we will see all smiles again.
Hey hey i'm still interested in your videos! Don't stop uploading please Louis!!
Your whistle is great ....nice post .....
That's right
If you don't know what to do, do nothing..
Just hodl for now
Thank you for sharing
Its a good plan! But i doubt 2018 will be a bear year, we are still up a lot if you compare it to today last year! People just got too used to wild bull runs thanks to the september-january mega bull run we had!
I decreed using the power granted to me as a pharaoh that the bear run will end soon and that many bulls will be had but remember, if you play to long with the bull, you are bound to get the horns!
my plan for this 2018 is have all my coins in project whic are working 90% btc eth steem nano, trx could be yuge but nobody know, better let say nano is is already working and cheap low supply, the air project only I have some hope is tezos because they will support smart contract and change without hard fork also they have a lot of capital to become reality
Long term hold on Ethereum! 👊Not a bad plan, but don't underestimate the crypto bear. Good probability of $3k imo.
I agree with your plan and will do the same but unlike you, I do think that there is a chance that Bitcoin and Ethereum will go to zero. The technology may survive and thrive but the individual players may not. The automobile was a great success. The Studebaker was a very good car. The automobile is still with us but most who read this will have to Google: Studebaker.
That's the most frustrating thing I have heard since I entered crypto in mid-2017. Bear market until mid-2019? I think I need to get myself a job that pays me in FIAT so I can buy some of the dip. Not so easy to do when one is earning 100% of the money in crypto. ;)
Good Video. Good Plan. I hope it works out for you.