2020/2021 BULL RUN, COULD IT BE ENDING?

TravelMug

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Quote from: Shasha80 on February 25, 2021, 07:58:49 PM

Don't panic seeing the price of Bitcoin and altcoins falling in price, this is only a temporary correction after previously experiencing an increase.

Right, but we can't discount the fact that there are still a lot of traders who really panic and gets nervous when they see their portfolio going down, so they sell, others hedge it to USDT as sort of protection.

Quote from: Shasha80 on February 25, 2021, 07:58:49 PM

So I don't agree that this is the end of the bull run, because for the crypto price to go even higher, the current correction is necessary. Just HODL
the coins we have, and if we have extra money we can buy more. Here our patience is tested as investors, don't regret selling Bitcoin and altcoins now. Because soon the crypto price will rise again.

Yes, this is just a minor and healthy dip and won't definitely end this bull run. For me who have seen the bull run in 2017, I'm not that emotional even if I saw my wallet's value going down. I still prefer the old and effective way of making money here, HODL.

Saisher

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Quote from: Miaallen on February 23, 2021, 03:02:16 AM

Now that Bitcoin and the major altcoins are losing price at the same time, can we say the bull run is already ending?

This poses that the Cryptocurrency traders and new entrants into cryptocurrency world has to thread with caution to avoid or minimise losing of funds to the amount they can conveniently afford to lose.

The market is not crashing it's just a correction, it's still too early for the market to crash or bull run to set in, we have three or four years of bear trend, I'm hoping that we have a long bull run just like we've had a long bear trend, and besides we have a good trend on Cryptocurrency, the bull run will still continue until 2021.

Shasha80

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Don't panic seeing the price of Bitcoin and altcoins falling in price, this is only a temporary correction after previously experiencing an increase.
So I don't agree that this is the end of the bull run, because for the crypto price to go even higher, the current correction is necessary. Just HODL
the coins we have, and if we have extra money we can buy more. Here our patience is tested as investors, don't regret selling Bitcoin and altcoins now. Because soon the crypto price will rise again.

ultrloa

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Quote from: coin-investor on February 25, 2021, 06:52:51 PM

Quote from: forexandcryptoauditor on February 25, 2021, 06:48:12 PM

From my point of view, since there was an increasing trend since the last couple of weeks consistently, the market is in the mood for correction which is obvious. We need to see where it stops so that another all-time high can be achieved in near future.

Those corrections should not be considered the end of a bull run, people are in a hurry to panic because of their previous experiences withiut analyzing the market condition and the overall mindset of investors, we are still in a bull run so far no bad news flowing and as long as are not receiving any we are still ok and can go on investing and picking coins to invest.

Yes be sure everytime it happens and also we don't need to get afraid of it since actually it's good opportunity for us to buy again. It's a perfect time to gain a profits although we cannot erase the trauma brought by the year 2018 when price suddenly drop off badly but we are now having a great adoption and I don't really think that we can see those fast drop happen again the same from the past.

makishart

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Quote from: forexandcryptoauditor on February 25, 2021, 06:48:12 PM

From my point of view, since there was an increasing trend since the last couple of weeks consistently, the market is in the mood for correction which is obvious. We need to see where it stops so that another all-time high can be achieved in near future.

If the correction can break the support and it could be a disaster but it seems like that the price of bitcoin is quite stable at this moment.
I think that the glitch that happened with some exchange sites have been giving a lot of contribution to make the sell-off by the holders became even worst than before.
This based on my observation after seeing there's an exchange site that has sold it very cheap bitcoin to the its users.

coin-investor

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Quote from: forexandcryptoauditor on February 25, 2021, 06:48:12 PM

From my point of view, since there was an increasing trend since the last couple of weeks consistently, the market is in the mood for correction which is obvious. We need to see where it stops so that another all-time high can be achieved in near future.

Those corrections should not be considered the end of a bull run, people are in a hurry to panic because of their previous experiences withiut analyzing the market condition and the overall mindset of investors, we are still in a bull run so far no bad news flowing and as long as are not receiving any we are still ok and can go on investing and picking coins to invest.

forexandcryptoauditor

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From my point of view, since there was an increasing trend since the last couple of weeks consistently, the market is in the mood for correction which is obvious. We need to see where it stops so that another all-time high can be achieved in near future.

BChydro

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Quote from: Miaallen on February 23, 2021, 03:02:16 AM

Now that Bitcoin and the major altcoins are losing price at the same time, can we say the bull run is already ending?

This poses that the Cryptocurrency traders and new entrants into cryptocurrency world has to thread with caution to avoid or minimise losing of funds to the amount they can conveniently afford to lose.

There was a major correction in the entire market but the price has recovered from that slum, it is hard to predict how the market will play out but it looks like some booked their profit and yet again invested when the price went down. If you are new to the market it is always necessary to trade with caution as you never know when the market will reverse.

AbsentMinded

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In my opinion bull run is not over what is happening right now is a correction, majority of people that have a lot of crypto is not selling it all, some are but most are not.

coinporch

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Quote from: DeathAngel on February 25, 2021, 04:57:58 PM

We’re just in a cooling off phase at the moment. The bull run is not even close to ending, we still have probably 10 months until we hit the top of the bitcoin cycle. Alts usually are slightly delayed (following bitcoin) so there are likely 9-10 months left in this bull cycle, at least.

hopefully you were right about your tought
because after janet yellen talk about bitcoin, seems a sideways come to bitcoin and altcoins now,
i hope the price will break up and continue the rally

serjent05

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I think the bull run is yet to end. The current red is just another higher low, a possible correction and preparation for the next market surge. Following the 4-year cycle of BTC, it should be the first quarter of 2022 for the transition of bull market to bear market for BTC and altcoin should start surging by that time. So, I think it isn't time yet for Bears to dominate the crypto market.

JNR

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the market trends will not always going up or down mate
wich mean the bull in this season will be over, but i believe not now buddy,
because the current dump is only a corrections

livingfree

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You see the drop of $7000 for a few days but ignores the fact that bitcoin was lower than the possible support than it is today just a few months ago.

I don't see this bull run ending soon.

There are more months to come that it will continue and if we're comparing the drops and gains, we're still at gain if you've bought under $40k for bitcoin and $1k for Eth.

DeathAngel

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We’re just in a cooling off phase at the moment. The bull run is not even close to ending, we still have probably 10 months until we hit the top of the bitcoin cycle. Alts usually are slightly delayed (following bitcoin) so there are likely 9-10 months left in this bull cycle, at least.

krisnajsadrak

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Quote from: Stanlo on February 23, 2021, 04:35:31 AM

Further price surge without correction is impossible, whatever we are experiencing right now is nothing but correction, the bullish market is just not done yet, I've been waiting for this correction for days now cos I knew there won't be more pump without few corrections

indeed, people need to take their profit especially for a big whales, then they will buy back again in cheaper price
for sure when this corrections over, the green will come back to crypto market again

illnino

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The crypto market turned red, digital currencies went into correction mode. But this was quite expected, for several days the market had been actively growing and a correction was inevitable anyway.

Of course, this situation made few people happy, much better to enjoy the price increase. As soon as Bitcoin started to approach $60K, many analysts started talking about a correction. Chagrin is a normal reaction, but now we can know for sure which coins have gained enough strength to survive the correction. The most important thing is not to panic.

Stanlo

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Further price surge without correction is impossible, whatever we are experiencing right now is nothing but correction, the bullish market is just not done yet, I've been waiting for this correction for days now cos I knew there won't be more pump without few corrections

semobo

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Same happened earlier this year when bitcoin fell down from 40K to 28K but soon it managed to broke its new ATH in few weeks and went all the way to 58K with 1 trillion market cap. This might be another correction required like what happened in 40K.

ashmodeus

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i disagree , its even the first correction on this year, its will make high bounce , remember bitcoin has adopted by many many big player. Hashrate bitcoin also still stable . Of course when u see bloodbath like this its seems frustated, i even have long position for some coins, but well, what gonna to say xD.

JeffBrad12

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Quote from: ?? on ??

I don't think the bull run has come to an end, what is happening right now in the price of bitcoin dropping can be linked to price correction and in no time the market will pick again.

It's too early to say like that consider when we are seeing the past history and bitcoin was getting dumped from 37k to the 29k and the same thing is happening right now. It looks like the whales started to liquidating their token for profit but i don't think this will become the end for the bullrun. If there will be no bump on the bitcoin price and that means the disaster will come to the crypto as we will be facing the bearish market soon.
It's very difficult to predict in a short time period.

Topic: 2020/2021 BULL RUN, COULD IT BE ENDING? (Read 197 times)