Christmas 🌲 Bear 🐻 Already Started Munching! - page 2.

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Quote from: Lmaooo on December 23, 2020, 08:01:30 PM

All the signs of the Christmas 🌲 bear has been shown.

That very bear has already started clapping down on the market.

Just see it back again those since the few dumps happened is pretty much normal since you need to consider the season but for what I see this morning is bitcoin is doing a solid up again so provably the bear we fear for is not totally damaging since we have great potential coming up next year.

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

Quote from: Fortify on December 24, 2020, 03:49:35 PM

As soon as inflation starts growing and world banks stop printing money, Bitcoin might start dropping in value - that could be a long way off though.

Bitcoin is not inflationary like fiat, if fiat is inflationary and circumstances resulting to inflation, that means bitcoin will have more value which could in one way increase the price of bitcoin. What did you mean by if bank stop printing money? Did you mean when CBDC will start be used for currency purposes? I do not yet understand how this is linked to how bitcoin price will fall because it is not possible for bitcoin price to fall because of inflation or because of when banks stop printing fiat.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: Lmaooo on December 23, 2020, 08:01:30 PM

All the signs of the Christmas 🌲 bear has been shown.

That very bear has already started clapping down on the market.

Has it? I see a 10% dip in BTC, then a sideways recovery. It honestly looks like stair stepping before new highs. On the weekly, it's a spinning top doji, not an obvious reversal candle.

I'd love to be wrong about that. I'm in low risk mode and my longs are tiny these days because we've gone so high without correcting, and because sentiment is so greedy right now. I'm waiting for a big washout like January, March, or June 2017 before buying big on leverage again. Until then, the big crash could be around the corner. Doesn't mean it has to happen now though.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: Lmaooo on December 23, 2020, 08:01:30 PM

All the signs of the Christmas 🌲 bear has been shown.

That very bear has already started clapping down on the market.

Lets see if it would able to hold up and its somewhat anticipated for this thing to happen since we are on a holiday season where people do need to exchange some of their investment
to fiat to celebrate and buy up things that they do like.
You would really be expecting these kind of events yet sentiments like these we're common and also even if theres no holiday then corrections and red market can happen anytime.
This is why it isnt really surprising on seeing red prices in a particular time.Thing here is that you had already secured out your profits and take advantage into those movements.
Buyback when its cheap should be always in consideration.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: Lmaooo on December 23, 2020, 08:01:30 PM

All the signs of the Christmas 🌲 bear has been shown.

That very bear has already started clapping down on the market.

and btc has bounced back over 23,400 from 21,900

eth bounced back from 551 to 607

Most people running around think this is a bull market don know what bull markets are.

they are looking at the 3900 last march and seeing 23400 now and scream bull bull bull.

BTC has reaching correct levels of pricing which should be in the 21-24 range.

Eth is almost at correct price which should be about 750-800 range.

to be bear or talk bear at this point in time is bullshit Grin

If we get over 28k this year we will be in the true bull run territory.

we were 19.9 dec of 2017
we are 23.4 dec of 2020 about 18% over 3 years

the dow was 24.7 dec 1 2017
the dow is 30.1 dec 24 2020 about 22% over 3 years.

These gains are not that much for a true bull run.

So I am not particularly concerned about you bear guesses.

If we zip on by 30k fast maybe we drop hard then.

teosanru

hero member

Activity: 2114

Merit: 619

Quote from: Lmaooo on December 23, 2020, 08:01:30 PM

All the signs of the Christmas 🌲 bear has been shown.

That very bear has already started clapping down on the market.

Oh cmon Bitcoin has pumped more than 100% in just a matter of 3-4 months even 30% dump would look like the correction in such sort of market and when it's hovering around 23-24k you are saying that it's bear signs? Quite strange how quickly people change their perspectives towards the market. Moreover, the pump back in 2017 was much less stagnant than this one this time bitcoin has peaked and stayed in that zone for quite some time now. It's pretty early to say that it has found support here but it seems like a healthy price movement and I feel that there is still enough fuel for another leg up. But obviously, my targets aren't too fancy as people are predicting like 70-80k I think a 30k would be more than enough for this time. But yes you can say a few people withdraw some money out for Christmas so it might see a bit of movement but don't think this is anything serious.

BitcoinPanther

hero member

Activity: 1918

Merit: 564

Quote from: JimboToronto on December 23, 2020, 11:51:52 PM

Quote from: GreatArkansas on December 23, 2020, 10:07:20 PM

It seems what happened last 2017 when Bitcoin topped around $19,000 is happening again this time. Peaked in the month of December is starting to decline again. But this time is different, no abrupt dumps or pumps compare before. I can say this time is more healthy price action.

The total market cap still not showing any bearish sign. Observing the total crypto market cap may also a good idea and way to identify the bull/bear market. So far, so good for me.

What's happening now has absolutely no comparison to December 2017.

It's comparable to what happened in December 2016 and January 2017. The price rose through the autumn until it broke the previous ATH then corrected for a while before the really big rally almost a year later.

The bear market won't happen until late next year or early 2022.

It looks like you took the 4-year cycle as reference. I agree that Bitcoin bear hasn't been awaken yet. This is just a healthy price correction. I also believe that the Bitcoin market will continue to uptrend until the end of 2021.

Fortify

legendary

Activity: 2688

Merit: 1192

Much like gold, I get the feeling that Bitcoin will lose some of its attraction when Covid starts to disappear and the world economy starts heading back to normal. It certainly has a place in a balanced portfolio, but it looks more like an asset people run to when the stock market gets the jitters. As soon as inflation starts growing and world banks stop printing money, Bitcoin might start dropping in value - that could be a long way off though.

cheezcarls

hero member

Activity: 2282

Merit: 659

Looking for gigs

Quote from: Lmaooo on December 23, 2020, 08:01:30 PM

All the signs of the Christmas 🌲 bear has been shown.

That very bear has already started clapping down on the market.

Because it's definitely holidays and a lot of people are cashing out their money to buy Christmas presents whether physically or virtually. I think this is very common like in the past few years. I just hope that in the following year, it won't repeat like what we have experienced in 2018, because I believe the market has matured unlike in 2017.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

I think We are still in a Bull Run because $23,312.19 USD is still considerably increasing in my opinion, Maybe this time it will go to the moon but apparently, this kind of movement Bitcoin does will come in a correction, Maybe after the Holiday or another year had come we can expect a correction after this, but let's just enjoy what Bitcoin is giving us right now.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Noobs gonna noob!

We are at the beginning of the biggest, most powerful bull run in BTC‘s short lifespan. Prepare for price action previously unseen in any new technology. 1BTC will be six figures in $ within 12 months.

eaLiTy

hero member

Activity: 2814

Merit: 911

Have Fun )@@( Stay Safe

Quote from: Lmaooo on December 23, 2020, 08:01:30 PM

All the signs of the Christmas 🌲 bear has been shown.
That very bear has already started clapping down on the market.

I was expecting this in the market a week back and finally the market is showing a correction on back of the SEC verdict against Ripple and the entire market except BTCitcoin went down. I am wondering when there will be a correction in the BTCitcoin market as well and when the institutional investment stops as it will give many the opportunity to purchase again Grin

.

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

I really can't say we are dropping all that much, this is still daily spread levels of drop and I am sure this will not change much for the long term. Think about it this way, bitcoin could go up and down 10% per day, those are understandable volatility of daily movements, anything under that is still fine and not a big deal, and this is more like 5% right now so it will be fine.

Long story short we are not in a situation like 2017, because after that peak we have gone as low as 3.5k a year later, and we didn't stopped anywhere in between neither we just kept on going down and down so do not worry that the same thing will happen again because it won't. I trust crypto this time around that it will be doing fine, and it will definitely be something that won't be really that major neither, not considering 40k+ price neither and nothing under 15k neither, it will be a bit stable.

hugeblack

legendary

Activity: 2702

Merit: 4002

It seems that we have entered the Bear 🐻 market, which may extend for a week or more, after which we may witness wide corrections in the price, but I believe that the news of the stimulus packages that will affect the price of gold and that may lead to more rises.

The wave of rising noise in the decentralized projects will push small investors to more liquidity in the market.

Also, news of stimulus will make many companies try to put part of their capital in cryptocurrencies.

DeathAngel

legendary

Activity: 3304

Merit: 1617

#1 VIP Crypto Casino

Some really misguided people in this thread. The halving wasn’t long ago, we are nowhere near where we were in the cycle in late 2017. That point is late 2021, there is a load more space for growth & price discovery. There is no bear market right now, we are fully in a bull market.

Bitstar_coin

hero member

Activity: 2478

Merit: 695

SecureShift.io | Crypto-Exchange

Lets hope it won't be as deadly as 2017/18, at least back in 2017 before the great bear period shook the whole market, alts experience a lot of price pump along side btc but same thing has not happen this time so i hope bear will not take alts down completely even though they never had the chance to run with btc Cry

sarmrakib

full member

Activity: 1292

Merit: 101

Vave.com

Quote from: Lmaooo on December 23, 2020, 08:01:30 PM

All the signs of the Christmas 🌲 bear has been shown.

That very bear has already started clapping down on the market.

You are informing us a minor downtrend which is the usual behave of the market .Its just fall a bit but starting to recover once again .Its really true that we always face some downfall at the year end on Christmas but market still on good position on uptrend .So guys i really think much right at the moment its going ordinary to me .

tertius993

hero member

Activity: 1029

Merit: 712

If this is a munching bear then it is one with an extremely small appetite!

kentrolla

hero member

Activity: 1652

Merit: 569

Catalog Websites

Exactly it looks like dropping movement has started and alts are already going down daily However BTC is maintaining its reputation and continuing it's bullish trend as investors are loading their fundings in bulk.

Also we are experiencing the drop everytime during Christmas Eve from 2017 as many of them cashout their holdings and even now it may go on the same way.

New_order

member

Activity: 238

Merit: 15

Quote from: Wind_FURY on December 24, 2020, 03:30:10 AM

OP, that should be merely another golden opportunity for everyone to buy the dip, and never to be feared! Zoom out! Where we are heading, there will be no bears. Although there's one Honey Badger. Cool

Honey badger is very small compared to 🐻 bear 🤣🤣, can't crave off many meats from a honey badger lol, this december is very different from December 2017, in December 2017 bitcoin dominance started to lose weight little by little, this one shows no sign of any weakness, it means that the bull market will stay longer than expected by many and altcoin season may not happen in early 2021

Topic: Christmas 🌲 Bear 🐻 Already Started Munching! - page 2. (Read 599 times)