Topic: Could this correction lead to a bear market for Bitcoin? - page 3. (Read 921 times)
Price is slowing down and the more moderate the correction the less likely it would seem to lead to a bigger correction. It could be a completely boring declie of 40% from the peak but thats not the big negative most would fear, could be far less then that or some would say a slow small pullback suggests we go higher with no overall bear effect at all. Indication at the moment is slowing fairly steady market, but we haven't received any bump or negative sentiment sell off from main markets so it remains untested imo
I don't want to get overly dramatic about what's happened today, especially considering that the $32k level that we're at now was a new ATH just a week ago but when Bitcoin has dipped this much in previous years it has led to a prolonged bear market.
Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
The correction was necessary because the market was growing simply too fast, I understand that people get scared when the price goes down so quickly but it seems that the market is back to normal and I think we are going to see another attempt by the bulls to try to breach the 40k level once and for all and remain above it, however there is something that worries me, the bitcoin dominance has been going down, and while some may see this is a good thing because it may be an indication of an altcoin season I do not like this at all.Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
Your worried because it may cause the dump? Well don't be worried about those situation since if you see the bitcoin dominance go down it means the wealth of the traders has been shared to various altcoin and we can see now that the altcoin market is much good since many of them are pumping so good which many people tells that it's start of altcoin season. I believe this events cannot effect bitcoins so expect after this thing or even this season come up we can still see bitcoin climb back to $40k.
I don't want to get overly dramatic about what's happened today, especially considering that the $32k level that we're at now was a new ATH just a week ago but when Bitcoin has dipped this much in previous years it has led to a prolonged bear market.
Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
The correction was necessary because the market was growing simply too fast, I understand that people get scared when the price goes down so quickly but it seems that the market is back to normal and I think we are going to see another attempt by the bulls to try to breach the 40k level once and for all and remain above it, however there is something that worries me, the bitcoin dominance has been going down, and while some may see this is a good thing because it may be an indication of an altcoin season I do not like this at all.Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
Nothing wrong with altcoins getting some time in the sun. Panic selling retail investors are selling bitcoin and buying alts so we get a little altcoin season. Meanwhile institutions are buying heavy into Bitcoin. It's only a matter of time until Bitcoin heads back over $40k and continues on upwards, at which time the scared retail investors will pile back into Bitcoin as well.
I don't want to get overly dramatic about what's happened today, especially considering that the $32k level that we're at now was a new ATH just a week ago but when Bitcoin has dipped this much in previous years it has led to a prolonged bear market.
Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
The correction was necessary because the market was growing simply too fast, I understand that people get scared when the price goes down so quickly but it seems that the market is back to normal and I think we are going to see another attempt by the bulls to try to breach the 40k level once and for all and remain above it, however there is something that worries me, the bitcoin dominance has been going down, and while some may see this is a good thing because it may be an indication of an altcoin season I do not like this at all. Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
I don't want to get overly dramatic about what's happened today, especially considering that the $32k level that we're at now was a new ATH just a week ago but when Bitcoin has dipped this much in previous years it has led to a prolonged bear market.
Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
Having correction doesn't mean we are about to enter the bear market. Honestly, it can bounce back and I think that is what exactly happening right now. I also don't think institutions are done accumulating so perhaps there's a chance that the rally would last more longer. Furthermore, corrections are healthy for the market so don't fear them in fact you can turn it on your side like you could buy as well. The bear market will only enter if whales and institutions reach their target price to dump all of their holdings. Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
I don't want to get overly dramatic about what's happened today, especially considering that the $32k level that we're at now was a new ATH just a week ago but when Bitcoin has dipped this much in previous years it has led to a prolonged bear market.
Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
A lot have happened after your post so far Bitcoin price is doing good and keeps setting new record and hopefully it will continue to perform better for the whole first quarter, there are no indication if the correction will lead to a bear market, there are no bad news that can affect investor's trust in the market, the motivation to buy is still there.
We all know that crypto is volatile. The decline when bitcoin is at its peak is commonplace, so don’t make that up because of the decline in bitcoin you become discouraged. The decline that is happening now is an opportunity to buy back bitcoin at a cheap price, and it’s an opportunity to make a big profit again, having sold at the current height of bitcoin bullrun. But in reality bitcoin does not lower its price to very low. We can see the price of bitcoin today is $37k.
I don't want to get overly dramatic about what's happened today, especially considering that the $32k level that we're at now was a new ATH just a week ago but when Bitcoin has dipped this much in previous years it has led to a prolonged bear market.
Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
Unfortunately, you are being overdramatic.
If you just roughly gauge the market sentiment you'll quickly realise that people are still extremely bullish. And looking back at longer term historical trends, they have very good reason to.
This is a classic post-halving pump that occurs every four years or so, and generally lasts 1-2 years before a major bear market takes over again.
With such strong fundamentals this time round and a very fragile fiat global economy, it is seriously a perfect storm. These corrections along the way are not only expected, but probably healthy to flush out the weak hands in the short term.
Yes there is a sign, you can see the weekly time frame the previous candle has been closed by the red candle (this week candle). Although the current candle is still run for 4 days left I don't think it can be closed in the green candle, other than that I see in the fundamental factor some countries started giving a vaccine for their people. Which can make their economy run normally, at least there is no worry to stop their activities. A good information from all countries in this world will make bitcoin fall because some investors will take the money and save in their bank account again.
On contrary the good information from the nations do not make crypto fall, for example if you checked the summer and what happened, the first wave was over and everyone went back to work and companies started to make a ton of profit, stock markets rise incredibly, people were back to their regular lives, summer passed like that, what happened? Bitcoin increased a lot. Economy not being good is a lot more important for bitcoin and it allows it to go up, but more people have more they end up using it to buy bitcoin as well so that helps bitcoin too.
Bitcoin doesn't go up or down depending on how the economy is doing, it goes up and down according to what people want to invest into and if people like to invest into bitcoin the price goes up, this could be at any moment, doesn't need to be good or bad, as long as they want in, we will go up with all the money going into bitcoin.
Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
Could it? Of course it could have, but it looks like it is not going that direction at all. I personally think there is really nothing to worry about as of right now, as you can see things are doing great and price recovered a lot anyway, so we are doing quite well.However we are still not sure about how good we will go and how long it will go on neither, maybe it will be great for now, maybe it will be good for a while, maybe it will do another round of correction, we really don't know what is going to happen and when it will happen. This is why I suggest everyone to stay away from going all in, there is no reason why people should go in, it is smarter to put in a bit of money now, a bit of money later, wait a bit to see what is going on, that way you would be a lot better in the end, and that is what I think should every investor do during these type of movements.
Yes there is a sign, you can see the weekly time frame the previous candle has been closed by the red candle (this week candle). Although the current candle is still run for 4 days left I don't think it can be closed in the green candle, other than that I see in the fundamental factor some countries started giving a vaccine for their people. Which can make their economy run normally, at least there is no worry to stop their activities. A good information from all countries in this world will make bitcoin fall because some investors will take the money and save in their bank account again.
I don’t see this one as a real correction and I think this is just a pullback and after this, we will aim to reach a new peak again so let’s not lose our faith to Bitcoin. Well, this is just my speculation and we should still see the market as a whole, see the price actions and the volume of the trade maybe we’re near to end the bull trend, hopefully not.
We are slowly going up again but we don't know how long we can go back to the 40k level again. But seems that the market has a stronghold with 30k, which is actually great. We only saw this level this year and it seems it is holding strong. That means, the foundation is getting solid for bitcoin. I don't know if we can call it already as bear market, as it is not. Just compare the price last year.
It has corrected from 40k and has being for now couple of days with this price range near 33k, so seems it is finding resistance near this level. If it can still hold at this price for next couple of days then might not be a too much fall, I do look at it. Infact then it is a time to buy because with some buying it can shoot up again and be near that 40k price. So profits just might be on cards from here.
Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
Honestly, it's hard to answer this, ride with it? No, yeah, it's a no for me, bitcoin already hit a new ATH, and I think it will dump for sometime before it will start rising again, and seeing bitcoin still at over $30k, I think we can still see more correction to come.
I don't want to get overly dramatic about what's happened today, especially considering that the $32k level that we're at now was a new ATH just a week ago but when Bitcoin has dipped this much in previous years it has led to a prolonged bear market.
Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
Looking at how the market was moving lately, It seems that this is just a normal correction, and It also seems like the market is consolidating and will make another run that'll reach beyond $42,000. Anything can happen though, but I guess we're still not going to experience a sharp drop that will lead to another bear season as we have still a lot of good news in cryptospace for Bitcoin to continue the surge.
I guess we already see the effect of good news, probably it has made bitcoin overvalued as it increased significantly in just a short period of time, hence, a a correction is necessary to make this market stronger in the long run and I'm really expecting that.
As of this moment, I'm not bullish anymore until the next 6 months.
Hopefully I'm wrong.
I don't want to get overly dramatic about what's happened today, especially considering that the $32k level that we're at now was a new ATH just a week ago but when Bitcoin has dipped this much in previous years it has led to a prolonged bear market.
Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
Looking at how the market was moving lately, It seems that this is just a normal correction, and It also seems like the market is consolidating and will make another run that'll reach beyond $42,000. Anything can happen though, but I guess we're still not going to experience a sharp drop that will lead to another bear season as we have still a lot of good news in cryptospace for Bitcoin to continue the surge.
I don’t see this one as a real correction and I think this is just a pullback and after this, we will aim to reach a new peak again so let’s not lose our faith to Bitcoin. Well, this is just my speculation and we should still see the market as a whole, see the price actions and the volume of the trade maybe we’re near to end the bull trend, hopefully not.
We are slowly going up again but we don't know how long we can go back to the 40k level again. But seems that the market has a stronghold with 30k, which is actually great. We only saw this level this year and it seems it is holding strong. That means, the foundation is getting solid for bitcoin. I don't know if we can call it already as bear market, as it is not. Just compare the price last year.
I don’t see this one as a real correction and I think this is just a pullback and after this, we will aim to reach a new peak again so let’s not lose our faith to Bitcoin. Well, this is just my speculation and we should still see the market as a whole, see the price actions and the volume of the trade maybe we’re near to end the bull trend, hopefully not.
As long as the pandemic continues, we gonna say that Bitcoin prices remain at a high value. These corrections, the high and low scenarios will keep that trend forever. May huge correction can't be avoided as well but that gonna be of different scenario this time while Covid-19 still exists and I think that we hit back to the hard dipped again as the market still showing high demand for Bitcoin.
I think personally and if you look at history that have happened like this, this is not heading towards a bear market.
Bitcoin will be a real bullrun. After this there will be a slow increase, after yesterday’s rapid rise. Perhaps this is
a trap to make panic sell for those weak hands. So whales will buy in the depths of the price. But because many of
the institutes hold bitcoin nowday. This correction will not continue.
Bitcoin will be a real bullrun. After this there will be a slow increase, after yesterday’s rapid rise. Perhaps this is
a trap to make panic sell for those weak hands. So whales will buy in the depths of the price. But because many of
the institutes hold bitcoin nowday. This correction will not continue.
A variety of indicators support the current uptrend. This decline is just a small correction compare to the powerful momentum. Correction is needed so that bitcoin can go even further. We want to see bitcoin at $50000 or even $100000 if our force is strong enough. I know that some of you have rise your awareness after 2017 when most of the people lose their money. But this is just the beginning. So dont worry
Many people are worried that the same scenario will happen just like 2017.
But I believe our situation now is different. This pandemic crisis gives a strong support why we need crypto.
Payment sector has been looking into crypto as a viable option during this crisis.
This is the reason why its use case is going stronger, not just for investments.
Definitely, there will be up and down movement, but this time, I believe it will not drop down hard as what happened in 2018.
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