[dtube] My Action Plan for Crypto Bear Market 2018

in #cryptocurrency4 years ago (edited)

A lot of people are suggesting that we might face a prolonged bear market throughout much of 2018 and potentially into 2019 too.

I'm not totally convinced just yet. But I thought it would be worth sharing my action plan for if that were to occur.

DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.

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Agreed with the plan, and that's effectively what Warren Buffet recommended.

@louisthomas Very smart strategy! I'll do the same actually! I think the market will definitely recover at some point...good time to buy cheap and hold some good cryptos like EOS, VEN or CARDANO in my opinion...and of course powering up on Steemit! Lets see what the future brings! Cheers mate!

This was my plan too, but it is still terrifying seeing everything down this far.

The plan doesn't work when you already spent all your money at much higher levels

My plan:

Love it!

I just had to get one, it made me smile. :)

Here's an action plan: HODL!

thanks for sharing your plan. I think I will just hold, taking no action.

PS, nice view in the Cardiff Bay.

Wow! Interesting I think is good to emulate your ideas in dealing with cryptocurrency, thank you for sharing your plan, interesting video this have to be upvote and resteem.

I think it's a good idea to have a preventive plan. Most people who buy cryptocurrencies for the first time believe that they will have large profits, but they forget that just as there are high percentages of profit, there can also be large losses.

I don't think it will last that long! Crypto is too amazing!

If you are middle-aged HODL until retirement.

If you are young HODL until you are middle-aged.

Dollar cost averaging is your friend: just keep buying at regular intervals and wait for the bull to come back. It may be a few years but patience is a strength here.

Great video. I’m on the fence about this. Maybe I’ll sell half of everything (except STEEM VEN AND BNB) and HODL the rest.

Great strategy. Most of my money has been made holding and waiting. I am doing the same thing as you and studying TA.

Hello friends, I just post you. I really like your publications because I am a gastronomic lover, with your publications, I am deeply entertained. and with this specifically it really looks very rich and appetizing. I will follow you and will be delayed from here on every post you upload or esteem on the main tube I like.

It's terrifying and exhilarating all at the same time. It's tough seeing my investment tank yet I feel as if I've been given a second chance.

Absolutely, hold long term. Getting scared out is normally what the whales want.

I feel like if we continue to be in a bear market through 2018, the bulls will come back around December, like they did ending 2017. I would give a small chance to stay in a bear market until mid 2019.

Anything is possible though, and I do not have a crystal ball. If I did, I would be sailing my 60ft cat around St. John right now...!

I made a prediction about 6 months ago that the period from Feb 2018 to Feb 2019 would be weak compared to the period starting a bit later and running into another mania that starts summer 2020 and peaks early 2021. But I think next time it will sustain the growth. Keep in mind that when I say relative weakness, that it's not in comparison to what's already happened, but relative to what will most likely be. I still think we could break $20K for bitcoin this year, but that in the years post 2020 that many cryptocurrencies will far exceed their current prices. If you're hodling several of the top 10 coins, most likely you will be very happy in the next decade.

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My plan is to keep accumulating at lower prices, every pay check take a portion of what I would usually save and then invest it into the market. I am not concerned about the prices in a year window, more so a 5 year window.

during bear markets you definitely want to dollar cost average into your favorite coins

Great post tnx for sharing I just upvoted check out my new post upvote resteem comment @glclipse

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