Family, who understands! Last week, my stubborn brother A Chen turned "bottom-fishing" into "capital disappearing act." He went all-in with $8000, and in half a month, it shrank directly to $1600. He cried, saying that now he has to budget for spending money even on Starbucks!
As someone who has been in the crypto space for 10 years, I have really seen too many of these "not believing in fate" tragedies. It's not that I'm being pessimistic; 90% of the bottom-fishing in a bear market is just sending vegetables to the big players, especially for newcomers, who are often deceived by the illusion that "if it drops by half, it must be the bottom" until they have nothing left.
This incident with A Chen is both infuriating and amusing: he was fixated on a certain altcoin that dropped from $2 to $1, constantly telling me, "It's already been halved, how much lower can it go?" Then he secretly went all-in. What happened next? The price plummeted like it was on a roller coaster, directly crashing from $1 to $0.2, and his little capital evaporated by 80% in an instant. I patted him on the shoulder and said, "This is not bottom-fishing; this is just sending warmth to the big players!"
No beating around the bush today; as an experienced analyst, I'm sharing 3 life-saving tips for a bear market. If you understand them, you can at least reduce your losses by 80%:
1. A halving? In a bear market, it's just an 'appetizer'.
Don't think that a 50% drop means it's safe! In the crypto world, there's no 'bottomless drop', only 'drops that make you question life'. Last year, I tracked a coin that dropped from $12 to $6, with a crowd shouting 'the bottom fishing army is ready', and it subsequently dropped to $0.4, halving again. All the bottom fishers became bag holders. Remember: the extent of a drop can never be taken as a bottom signal; manipulators love to use 'low-price temptation' to harvest greedy people.
2. A bear market rebound = poisonous candy; touch it and you'll be infected.
Do you think a big bullish candlestick means a market reversal? Too naive! A rebound in a bear market is essentially a 'fishing operation' by the manipulators: they create a wave of hype making everyone shout 'the bull is back', and when you chase in, they dump the price and trap you. I've seen too many people enter heavily during a rebound, only to lose half a month's salary in three days, crying 'I will never trust a rebound again'. Remember: bullish candlesticks in a bear market are 90% of the time 'trap for the greedy'; watching more and moving less is the key.
3. Being out of the market isn't being idle; it's a 'profit operation' in a bear market.
Many people think 'being out of the market means not making money', but in a bear market, 'not losing money' has already beaten 90% of people. My own operational logic is simple: keep only 10% of mainstream coins in a bear market and hold the rest in cash, watching others bottom fish and lose money while I sit steadily at the fishing spot. True experts can calmly 'conserve energy' in a bear market and 'precisely harvest' in a bull market. If Ah Chen had listened to me earlier, he wouldn't have lost his principal; now he can only eat instant noodles while watching the market.
Honestly, the most profitable operation in a bear market isn't bottom fishing; it's 'resisting the urge to bottom fish'! If you don’t reach out, the manipulators won’t have the chance to cut you off; if you can hold your nerve and wait for the market to give a clear 'entry signal' (like consistent stabilization and increased volume), only then can you earn back all your previous waiting.
Follow Mr. Ke, guiding you towards the bright side of the crypto world, becoming your navigator in the crypto space, learning together to strengthen your trading system or teaching you how to build your trading system if you're lost!
There are many traps in a bear market; don't rush to make money. Follow experienced analysts, avoid pitfalls, and preserve your life. When the bull market comes, let's feast together!
