Home > Uncategorized > How To Prepare For The Coming Cryptocurrency Bear Market How To Prepare For The Coming Cryptocurrency Bear Market newsthree August 29, 2017 Uncategorized 27 Comments Register for my live trading class next week: https://chrisdunn.com/bitcoin-master-class In today’s episode, I’m helping you prepare for the coming bear market in … source Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Google+ (Opens in new window) Related Tweet Pin It Related Posts Oops! Jeffrey Dean Morgan Just Let It Slip That Hilarie Burton Is Pregnant With a Girl Jessica Biel and Justin Timberlake Pack on the PDA at the US Open Irma chases retirees from Florida paradise; return uncertain About The Author newsthree 27 Comments Chris Dunn August 29, 2017 For anyone wondering, NO I'm not calling a top in bitcoin… I just encourage everyone to have a money management plan, especially when a market goes up 2,000% in 2 years. Joseph Sy August 29, 2017 Please consider that what drives bitcoin prices is that every 4 years, bitcoin production will halved. Askformoreinfo whichyouwontget August 29, 2017 @Chris Dunn which brokers do you use to trade the cryptos? Maninder Minhas August 29, 2017 So, a thought about crypto currencies Bitcoin is the currency of choice at the moment but it's biggest downfall is the volatility that it comes with. Governments are finally looking into it and the top plus points amongst many are the fact that remittances are a lot easier with crypto currency – almost instant.Secondly, there is lesser possibility of fraud as the codes on the block chain must always match – on all distributed ledgers before adding on to the block chainLastly it makes the record keeping process better by recording all transactions in one place rather than each financial institution keeping their own records Anyways, what I am thinking is this. If the blockchain technology gets adopted by the central banks – what's stopping them from not adopting Bitcoin itself, but producing their own form of crypto American dollar or government regulated crypto standard – basically issuing a coin that does everything Bitcoin does plus more. Most importantly such a coin offering would be held stable by the government owning the production and keeping most of it within their reins – as they do with the dollar. Only difference is that it would allow them to get into the crypto market – without paying obscene prices to gather all the Bitcoin which is already in the markets This way we get the benefits of bitcoin (which is not really unique – the underlying blockchain is), but also it comes with a stability component. My point: if such a step is taken, Bitcoin may lose a lot of value Why is no one talking about such a possibility? ppery2 August 29, 2017 I see your point, but would have loved to see the probability if a pulloff vs full retrace. I think given the investment and infrastructure coming into crypto right now, a 90% retrace seems more like spreading panic…Also would like to hear what you think about 'hodlers' Davey Jones August 29, 2017 Hindsight is excellent.Too bad traders can';t use it on a daily basis. Ross Ross August 29, 2017 It's important to know that trading is a speculative practice to be avoided in order to maintain a correct personal profile. Inform on web about the moral problem of trading. Geek Sauce August 29, 2017 Fud fud fud deets smith August 29, 2017 Would you short bitcoin in other crypto currency or back in dollars? Rodney Odgaard August 29, 2017 Cheers for the Videos Chris. Knowledge is power. I appreciate your time and effort 🙂 The more players that enter the game, raises the Market Capital of everything in the game. After being raped and restricted by banks for all of our lives. How could anyone sanely, not join in??? 😛 Once simplified and easy to buy Bitcoin with a debit card, and trade easily, like on the "Exodus" laptop app. more people will join. also new coins like "Plexcoin" coming out with ATM/Crypto cards linked with Visa Worldwide will be a game changer. Banks will have to adapt or die off hence more players in the game. Etherium is not an unlimited number either…… What happens when Etherium runs out of supply? Looks Bullish for years to me. This is just the beginning I feel. I hope you make millions and do great things Chris. Hopefully many other people that have been working hard for years, take this great opportunity to work smart and create some freedom, and better quality of life for themselves, including myself, for my family. 3 steps forward, 2 steps backwards, with the occasional sprint seems to be the trend. My savings account balance in Etherium is slowly yet constantly growing 10% every couple of weeks 😀 I see Bitcoin as the new Gold 2.0 and other Crypto,s as the new "Banks"….. May the best man/project win. We can choose any bank/rates we want and go wherever we choose, when we choose, with Crypto Currency. Powered by the people 🙂 Rod Earnest Funship August 29, 2017 Crypto are going nuts because they are a good solution to the dying dollar. A bear market in cryptos will come maybe 10 years from now… daved PrimeDice August 29, 2017 we are in a 1000 year bull run Joshua Raphael August 29, 2017 I was expecting this bear market to kick in at the peak and slow down at $3000. That clearly didn't occur. Now I think it is the snowball effect of mainstream adoption. I think too many people are wise enough to hold through dips and others will see anything below current price as a good time to buy. All in all sustaining these levels. A couple more big dogs such as ETFs getting approved and hedgefunds adopting it will see the price jump another couple hundred to thousand dollars in the near future making the current price look good. Ritam August 29, 2017 So – buy ETH now? Mister August 29, 2017 bear crash Big Ape August 29, 2017 Just be nimble folks, jump on the train which ever way it goes and you'll do ok RIANTIC August 29, 2017 Anyone think BAT (Basic attention token) is a good investment? Hector Morales August 29, 2017 Ladies and gentleman you just need to look at money markets as a whole over the last 100 years . We are in the infant stages so this is the time to get in have a mindset that this is a long term game kraluxGmail August 29, 2017 please use log graphs instead of linear graphs if you are going to do graph analysis Gareth August 29, 2017 Constant devaluation of fiat currency which people are waking up to and the more understanding of crypto and becoming alot more mainstream along with cryptos that can actually make you a passive income by holding them or using them on thier platforms. The crypto space has changed from when it was just transfer of value. Bear markets like back in the day I think have gone small pull backs and corrections but not loosing 70/80% of their value I honestly can't see that happening but who knows it could happen Crypto Expert August 29, 2017 chris, look at NEO, it gives you a daily dividend, so naturally it makes people hold. No need to trade markets, just hold and get profits. Mr.Bond August 29, 2017 Yo.. what charting software are you using? reaper3bot0 August 29, 2017 You show your intelligence when not knowing why the market went down. It was because of a fork. Ldlso Lsmso August 29, 2017 MARK MY WORDS = 1) Majority of us are hoping pullback to buy around ~2500$ 2) Dilution of money in Altcoins and usdt (less volumes on btc) bring to : easy for mean marketmaker billionaires to manipulate btc with artificial surge. If the second point is not acheved, the 'middleterm/flat/boring/volumeless' pullback to ~2500 will be an IRON SUPPORT tahoeguy173 August 29, 2017 You have to back your theory that the general public steers the market, i dont buy it, the general public is not as much involved yet as you believe if you compare banking to crypto as a whole. You probably base your knowledge from stock market formulas and analysis methods thereof, but the crypto market does not obey by set rules, it is unpredictable even for the best experts, reason is that its still in the beginning phase, the first 0.1% in the timeline of cryptocurrency, the next step in monetary evolution. Danny Joosten August 29, 2017 Shorting means, selling? Or how exactly should I interpret shorting? James Bensel August 29, 2017 Everyone always wants to say, "This time is different," or that "This market is different." It is never different. Markets are all about psychology and positioning, regardless of fundamentals. In general, I completely with Chris Dunn's analysis in this video. Although none of our opinions matter. It's worth mentioning, I have been holding my ETH/USD position since February 2017. Looking to continue to hold, but will probably sell into any parabolic moves and look to reaccumulate on dips.