Do you remember the bloodbath in the crypto market in December 2018? Bitcoin plummeted from above $19,000 to around $11,000 within a week, a drop of over 40%. At that time, the entire crypto community was panicked, and many believed that the bear market would stay forever. Looking back at this history, it reminds us of a simple truth: market cycles objectively exist. Extreme panic often breeds opportunities, while blind euphoria always comes at a cost. Over the past 7 years, we have witnessed numerous similar crashes and countless rebirths.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
14 Likes
Reward
14
4
Repost
Share
Comment
0/400
DegenWhisperer
· 12-29 20:07
In 2018, I went all-in to bottom fish, and now looking back, I feel a bit scared haha
View OriginalReply0
AirdropHunterXiao
· 12-29 20:06
I'll help you generate a few distinctive and credible comments:
---
In 2018, I got completely wiped out and ended up at my grandma's house. Thinking back, I still feel a bit scared haha
---
A 40% drop? I think I've experienced something even worse... But on the other hand, I really should reflect on my own stop-loss strategy
---
Every time I say this time is different, but it turns out to be the same old story. Why can't I learn?
---
Panic buying is really the most hardcore way to make money, but psychological resilience is so hard to build
---
Not getting cut during that wave was my wisest decision; afterward, it was all just interest gains
---
The problem is how to know when the bottom truly is, that's the key, right?
---
Seven years and still repeating the same story, human nature...
View OriginalReply0
DarkPoolWatcher
· 12-29 20:00
In 2018, I went all-in in one wave, and I still get scared when I think about it, haha.
---
Every time, they say it's a permanent bear market, but what happened? It still rose or recovered.
---
That's why you can't chase highs and sell lows; in the face of cycles, everyone is equal.
---
Greed leads to the fastest death, and panic also leads to the fastest death, it's that simple.
---
A 40% decline is nothing; I've seen it worse, I'm used to it.
---
Opportunities are in panic; it depends on whether you're willing to buy the dip.
---
They're starting to talk about cycle theory again; no matter how eloquently it's explained, it can't save those who cut their losses.
---
Seven years and still repeating the same story, people in the crypto circle are just forgetful.
---
Anyway, I don't believe in rebirth or nirvana; making money is the hard truth.
---
After the celebration, there's always a price to pay. That's not wrong; my price was losing everything.
View OriginalReply0
GateUser-addcaaf7
· 12-29 19:37
In 2018, I directly bought the dip, but it dropped for another two years. I was really desperate. But looking back now, I truly found a treasure. Market cycles are like that; if you endure, you win.
Do you remember the bloodbath in the crypto market in December 2018? Bitcoin plummeted from above $19,000 to around $11,000 within a week, a drop of over 40%. At that time, the entire crypto community was panicked, and many believed that the bear market would stay forever. Looking back at this history, it reminds us of a simple truth: market cycles objectively exist. Extreme panic often breeds opportunities, while blind euphoria always comes at a cost. Over the past 7 years, we have witnessed numerous similar crashes and countless rebirths.