any early bitcoin adopter here? What's your opinion about the long bear market?

Muzika

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Quote from: jonathan6655321 on November 03, 2018, 11:17:34 AM

any early bitcoin adopter here? What's your opinion about the long bear market?
I would like to hear an opinion from someone that experience long bear market in the crypto world before.
Where do you think we are heading?

actually we really dont know how the market will react over the months, but people like me looking forward that the market will return soon in the best price like the past all time high in the market. Some says that 2019 will be better for the market of crypto so it is better for now to earn and save.

jseverson

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Quote from: jonathan6655321 on November 03, 2018, 03:50:26 PM

Do you think that because our market became more mature it's less likely to see high volatility movements as we had in the last few years?

Not who you asked, but I'll chime in anyway.

I personally feel like there will definitely be less volatility going forward. Bitcoin has gotten much larger, which means it'll take much more amounts moving to have a substantial effect on the market. That doesn't mean it won't be volatile anymore though, just that its wildest days are behind it. There are still going to be price spikes, but they won't be as common or as significant.

It also feels a lot more legitimate in a way. There were days when simple negative comments from high profile entities like Jamie Dimon can make its price plummet. Nowadays, not even a tag team of Bill Gates and Warren Buffet can cause a dump. Only the most significant developments in the space can move the market now.

I don't want to say that the market is already mature, but it has come a really long way.

Red-Apple

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Quote from: joeperry on November 04, 2018, 02:31:22 AM

Negative: Probably they buy bitcoin at its peak
Positive: This long bearish on bullish is an opportunity to buy bitcoin at a low price.

these don't make any sense in this context!
if you are talking about traders then there is no peak or low prices as you mention it. the traders buy and sell constantly on each up and down that happen in small periods of time not long ones. for example you buy after the drop from $20k in $17k and sell at $18.5k and make profit. with your definition it is "buying at the peak" but in reality this was a good trade which had a lot of profit in it.

joeperry

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We're still on the bull on early 2016 bitcoin is just $300 for what I've remember (please correct me if i'm wrong) but in 2017 the bitcoin reached it's peka and now the bitcoins price return to its stable phase all we need to do is to wait for the bullish market this long bearish market we've experience is just part of the overall bullish market of bitcoin.

There are 2 insights for this 1 is negative and 1 is postive

Negative: Probably they buy bitcoin at its peak
Positive: This long bearish on bullish is an opportunity to buy bitcoin at a low price.

speem28

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Yes we call the current price of bitcoin bearish, but considering the fact that its price went up a notch these past years proves that it is bullish in a way. We just dont see it that way because we always want it to go up so that we can have stable profits from it.

We are stuck in this price range but let's not all be negative about it. Sooner or later it will continue to rise again.

franky1

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Quote from: jonathan6655321 on November 03, 2018, 03:50:26 PM

great answer.

Do you think that because our market became more mature it's less likely to see high volatility movements as we had in the last few years?

volatility is every day. people think anything more than 1%($63) change is volatile. we see it alot, movements of 1-5%. but true long term bitcoiners call the volatility 'normal'. over the years we become less emotional/immune to caring about the volatility

i believe what you are asking is about velocity. (rare big spikes over 100%) rather than volatile(lots of little waves 1-10%)

Woolles890

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Learning bitcoin well and looking at graphics can give you a little analysis and from now on you can learn more so that you can add knowledge and results later. Many early users of bitcoin may leave but many are still monitoring this development, they have sharp acumen with every situation.

pooya87

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you don't have to be an early adopter to know these things. you could have started this very day and still have more information than others IF you only take a look at charts and spend some time analyzing them. all the information you want about the market is already stored on the charts and there is no way to change that. for example regarding "bear market" you can see we have had many of them throughout these past 10 years. they aren't rare, and the length of them depends on the maturity of the market, the bubble they are correcting and a couple of other factors but nonetheless they are one of many phases that market goes through.

DooMAD

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It depends how "early" we're talking. I got in during the 2013 spike, so not that early. But I'd assume people who adopted Bitcoin right at the start probably don't think of this as a bear market because they paid <$1.00 for their large tranche of coins.

If you were fortunate enough to be in on the ground floor, there are only varying velocities of bull-run.

jonathan6655321

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Quote from: bitbunnny on November 03, 2018, 02:38:45 PM

I'm not exactly first early adopter but I can say that I'm involved with Bitcoin for a long time now, since 2013.
This bear market that we are having now it's nothing unsual to my opinion and we've seen similar situations before. There is no rule how often will appear.and for how long will stay like this, that depends on many factors.
But there is nothing to worry about market will change and sooner or later will enter into bull phase, you just have to be patient long enough but it's also useful to know how to get the best out of bear market too. And.that comes with experience.

great answer.

Do you think that because our market became more mature it's less likely to see high volatility movements as we had in the last few years?

bitbunnny

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I'm not exactly first early adopter but I can say that I'm involved with Bitcoin for a long time now, since 2013.
This bear market that we are having now it's nothing unsual to my opinion and we've seen similar situations before. There is no rule how often will appear.and for how long will stay like this, that depends on many factors.
But there is nothing to worry about market will change and sooner or later will enter into bull phase, you just have to be patient long enough but it's also useful to know how to get the best out of bear market too. And.that comes with experience.

coolcoinz

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A 2015 investor here. I bought in the previous bear market and survived a deeper drop months later. That's what you get when you think it's over and the market develops a whole new set of red candlesticks.
It can be bearish for years. Time is not a good indicator, the volume is. When you get steadily decreasing volume it shows that the market is getting closer to being depleted. Unfortunately, 2015 buyers had this idea but didn't account for the fundamentals. Fundamental flaws can change the result of any TA.

131tc01n

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I am not an initial user here, I also entered the market when the situation was bullish, but I at that time had the belief that bitcoin has a much better potential, compared to its growth from year to year, isn't that increasing

franky1

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Quote from: pixie85 on November 03, 2018, 12:12:09 PM

Bear markets should be measured from the first crash after ATH to the moment of breakout from the bottom. You marked November 2013 which was in a bull market right before ATH in December.
We had longer bear markets but it doesn't mean anything. Every situation is different and you can't predict the future bear markets by watching the previous ones. Especially when there weren't many of them.

the 2013 ATH was not a sustainable rise. its was just price drama. the cause ASIC's changing cost of mining. which then OVER escalated into speculation

the 2017 ATH was not a sustainable rise. its was just price drama. the cause VC btc purchase to then hand btc to certain investment contractual obligations. which then OVER escalated into speculation

the bitcoiners as a whole were not all active and online and able to actually be part of those events as they were temporary.
EG a volcano in hawaii looks emotional to watch but the main population were not actually on the island to experieince and feel it.
so dont worry/concentrate/care about ATH
however every day everyone gets to handle and be part of and experience and feel the benefits of the prices above the baseline/low tide/ground level.

so again dont measure history based on ATH but based on the differences of the ATL... it will switch your mindset to a positive mindset of glass half empty and still room to grow. instead of glass half full and not much left to go.

pixie85

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Quote from: mk4 on November 03, 2018, 11:33:07 AM

Not an early adopter(became interested in Bitcoin on late 2016). But simply by just taking a look at the past charts, you can see that bitcoin has had longer bear markets in the past(November 2013 - January 2015).

Bear markets should be measured from the first crash after ATH to the moment of breakout from the bottom. You marked November 2013 which was in a bull market right before ATH in December.
We had longer bear markets but it doesn't mean anything. Every situation is different and you can't predict the future bear markets by watching the previous ones. Especially when there weren't many of them.

bittraffic

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I'm not an early adopter but I have been watching btc since 2015 which its price was less than $1K. If you compare it to how it is now, you'd say its price if higher. Although it would have been much better if it went beyond 20k as it had been there last year. A lot of us are expecting to continue to grow but I guess we're just so new to the market.

Marshall14

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The market isn't definitely at its best,neither is it at its worst though....

Other years prior to this year have seen far lower prices,even less than a thousand USD, forget about the 20000USD bubble period..

So definitely if the bitcoin finishes above the 5000usd mark,then I do not see it as a bad year at all for the currency
And as for where we're heading,you and I know no one knows that for sure, but every year has been better than the previous,so it's definitely gonna keep up that way

franky1

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bitcoin is on a bull market
2016 >$300
2017 >$900
2018 >$5800

the temporary drama is not bull or bear.. but infact calve(small aged bull) cub(small aged bear)

hourly/daily/monthly movements are not bull or bear. its just wild animal play of calves and cubs.

those not into animal financial analogies?
bitcoin is on a rising tide climate change. the temporary changes are just waves and tsunamis.. get used to it

what if i told you that if you cut away the temporary cub/calve drama of speculation

2013 >$10
2014 >$300

the only year that id consider was bear would be 2015,
but from 2012-18 was predominately long term BULL

mk4

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Not an early adopter(became interested in Bitcoin on late 2016). But simply by just taking a look at the past charts, you can see that bitcoin has had longer bear markets in the past(November 2013 - January 2015).

Screenshot source: https://coinmarketcap.com/currencies/bitcoin/

Where are we heading price wise? No one knows, and I'm pretty sure the early adopters don't know either. One thing's for sure: If you're passionate and really are positive and confident on bitcoin, then simply hold.

jonathan6655321

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any early bitcoin adopter here? What's your opinion about the long bear market?
I would like to hear an opinion from someone that experience long bear market in the crypto world before.
Where do you think we are heading?

Topic: any early bitcoin adopter here? What's your opinion about the long bear market? (Read 327 times)