Topic: Anyone here that experience a long bear market besides this one? (Read 732 times)

After a bubble pop like we saw in 2017, the only direction to expect was downwards. Only new investors who hadn't experienced these market cycles before thought otherwise.

The market cap isn't "supposed to be" any number. The correct price is what the market currently says it is. If you want to be a good trader or investor, you can't project your expectations on the market. If you're wrong, you need to cut your losses (quickly!) and move on.

I think this is the only bear market that most of us are affected.
In the past even there are some bears, it's not that big in terms of effect since we have not past over $100 billion marketcap that time.
Now is different, we are supposed to be going into a trillion dollar cap but we've been sinking in the past months.

This is my first time also with the bearish long season, I'm not getting on focus with price everyday cause its always be the same. I'm enlighten when btc price pump into $4k back but it turns again into $3.5k and it's still not moving again.  We're not be sure when it soar again but I believe it will be having an inclining trend this year.

been around since 2001. seen a few longish bear markets.

my suggestion.. just sit back, dont check the price everyday. maybe every few weeks. and enjoy the ride.

I started joining Crypto in 2017, which is when the price of bitcoin and other coins experienced very high prices. so I just experienced a decline like this, but I don't think this is the first time this has happened, we also know that when bitcoin appears and is famous the price is cheaper than now.

In some abstract sense, I agree with you. The problem is, this kind of valuation really boils down to a wild guess. What we think Bitcoin should be worth vs. what the market says it's worth are two very different things. There's a lot that can happen between now and the hypothetical point when Bitcoin reaches mass adoption that might throw it off course. I definitely don't think mass adoption or reserve currency status or anything like that is guaranteed.

I value cryptocurrencies in a different way,
The value of all of the world's coins and banknotes are roughly 8 trillions. People use these papers to buy goods, to save them in banks (and hope they'll be able to withdraw them without capital controls), to move inside a wallet which can be stolen, to send them overseas with high fees and with least a day's wait (if it's not a weekend or a holiday). People give these papers money allowing those with the printing machines to decide everyone's wealth and buying power.
If such a paper has a market cap of 8,000,000,000,000$, then how much should BTC have? On it's early stages, I'd say 1%, which is 80 billions. We've gone through this as expected but we reached 300 billions in a very short time, that was too soon too fast, but falling down to 60 billions instead of moving up to 2% of USD's market cap is "undervalued" in my eyes.

Then similar things can be said for different coins... for example compare the volume of XRP with the volume of WesternUnion and MoneyGram (I haven't done that though).
Or compare the amount of money that is spent in mobile games' microtransactiosn to the ETH transferred within DAPP games (I haven't done that either!).


I like to keep everything in perspective and compare things which are as similar as possible, that way I believe I can find where the price stands.
I also have made a thread about that: https://bitcointalksearch.org/topic/m.48265856
If you believe that in a 100 years BTC can be as big as USD (which is at most 1/5 of the world's money), then BTC should increase by 80 billions every year on average.

Dump just because people need currency fast or no trust again. Bad news is just prediction, in this method only whales playing not us. We don't know when the right time end this red market but I think you should see again your strategy, if you are not sure will survive cut loss is the realistic option. Right now not you get stress but some people already fail in big number, trust me.

For information, this year is a bad year for crypto, but I'm sure this won't last forever, sooner or later the market will crawl up. keep your faith my friend.

No one can give you the right answer, we have difficult choice about this condition. Sell all and leave the market, second choice is keep stay and become bankrupt if fails. I think you should analyze by your self and accept the result. Don't think again just execute your decisions.

Yes I did. This kind of behavior has happened many times since 2013 where Bitcoin went from $1k all the way down to $200 - $300. Sure, I didn't pay attention to Bitcoin by then, because I've thought that it will go down to zero. Yet, in 2015 I've decided to go full into Bitcoin for long term investment. Comparing 2015's prices to today's prices, Bitcoin is still a lot more valuable than it ever was before. In terms of how long will a bear market last, it's impossible to predict. But, paying close attention to crypto news everyday, will give you an idea when the bear market will end.

Previous bear markets, have lasted for a long time, so it's important to have patience when trading Bitcoin or any other cryptocurrency.  

I don't see how Bitcoin or crypto in general can ever be undervalued. Most of the demand comes from people speculating about the price to increase, and when they exit the market, the demand exits as well.

In other words, Bitcoin goes down and will be valued to a point where there is enough demand to keep its price above certain levels. People have to accept the cycles we're going through.

People buying in right now hoping for a quick recovery to the $20,000 mark are delusional. Bitcoin currently looks cheap based on its 2017 high, but you can discard that high because of the hype madness we don't have right now....

2014 to 2015 is the longest bearish trend that the bitcoin prices have faced until now and the current is not much longer than the old one but in terms of price its just same as the longest bearish trend but in short time period which means the cycle gets thinner and thinner so the prices may boom up on the next phase but no one can say when it will end exactly.

Let's not confuse the bear trend with a consolidation phase or accumulation period.
I won't talk about the s***show we're experiencing right now, going from an overvalued BTC to an undervalued one, but in the 2013-2016 period this is what the chart shows...

Nov. 2013 - Jan. 2015 (about 14 months) the price fell quickly

Until Dec. 2016 there was a consolidation, though the exact dates can't be pinpointed.
Sure the price was steadily increasing but it was slowly going up while people were moving some money every month or so into BTC.
But we wouldn't call this a bull-run if we compare it to other runs.

This bear market is too long and many crypto loss to much value compared previous one. No body can predict when this bearish market ended, but it's will be ended soon or later because this is cyrcle of crypto  since tradeable, and next bull market can be bigger one than previous one.

2013 to 2016 is 3 years bear market i can say this is the longest bear market in the history now the present market condition is near to one year bear market

I don't think people know when the bear market ended even with the person who can make a good analysis or prediction because the market now hard to predict where it goes. Back in the middle of 2014 - beginning of 2015, and I was there but only search and play with faucet only

In 2014, I saw the price is at $200-$300 which I don't think it could increase more than $1k in December 2016, and then it starts to increase more and more until I see the price finally reach $19666 at December 2017 and it was the highest price I knew. I believe that the history will repeat and we only need to wait for it's happening and be patient. And from 2014 to 2017, it was a long time for the bear market before the bull market happen although it's only for a moment.

I think if this bearish market continues until the end of the year, this might be the very first time in the history of cryptocurrency that has long a bearish trend and a first time to all of us. I think we should just stop worrying too much since we are still in the first quarter of the year.

Besides, bakkt and ETF is not yet on the done, we shouldn't pressure ourselves too much.

All of falls have not been the same and will not be until Bitcoin is not like other traditional assets. Market cap should increase more times and crypto market should move with one track. Maybe Bitcoin will come to an end if it continues and such a magnificent asset will be worthless. But if the market cap increases, we will see less volatility and therefore more useful analyzes.

It has become commonplace that in a state of long decline the news keeps popping up because of despair. Nobody knows how long this will continue, but I'm sure we all want the market to increase soon.