Topic: Could this correction lead to a bear market for Bitcoin? - page 4. (Read 921 times)
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
This was my first biggish dip so I hope that next time this happens I will be able to remain more level headed. I did forget a few things that I need to try to remember to remind myself for the future:
The governments are constantly printing more money.
The institutional investors are aware of this fact and are just starting to see Bitcoin as a sensible way of counteracting it.
There's a strong possibility of a global economic crash on the way and Bitcoin is a good way to protect ourselves.
Bitcoin is only just getting started, it's market cap is only 7% of the market cap of gold, a figure that is likely to grow substantially in the future.
Bitcoin has just had a big healthy correction suggesting that now is probably an ideal time to buy.
With these things considered I can't see any reason why big investors would be shying away from investing in Bitcoin right now. Any dips will surely just be bought up to prevent catastrophe and continue an epic bull run.
Guess I'm back on the bull train now
The governments are constantly printing more money.
The institutional investors are aware of this fact and are just starting to see Bitcoin as a sensible way of counteracting it.
There's a strong possibility of a global economic crash on the way and Bitcoin is a good way to protect ourselves.
Bitcoin is only just getting started, it's market cap is only 7% of the market cap of gold, a figure that is likely to grow substantially in the future.
Bitcoin has just had a big healthy correction suggesting that now is probably an ideal time to buy.
With these things considered I can't see any reason why big investors would be shying away from investing in Bitcoin right now. Any dips will surely just be bought up to prevent catastrophe and continue an epic bull run.
Guess I'm back on the bull train now
i think the correction has two kinds , small and big .big correction can be consider as a bear too in other words like what happened before but there are also times that correction starts small then gradually it transform into mid to big or it happens slowly not instantly big .
often the cause for this is people are panicking and they sell thinking that price can go down for more but if they are only playing it calm and just go with the flow ( buying for more at dips ) the price can surely recover and all can return in track again .
often the cause for this is people are panicking and they sell thinking that price can go down for more but if they are only playing it calm and just go with the flow ( buying for more at dips ) the price can surely recover and all can return in track again .
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?
25% corrections in a btc bull market are normal. nothing to worry. this is such a weak correction, there isnt even some proper FUD coming with it. in january 2017, for example, we were getting out of the first 3 year bear market. it was not clear if bitcoin would be able to ever get back to those $1k levels. when it finally did in january 2017, China banned bitcoin. for real. price went down from $1100 area to 700 area. it was scary.
If the pump extend beyond $45k that would have been scary but this price set a pace for the unprecedented parabolic into trillion of dollars and bitcoin over $100k by the end of the year. We expect the same size of pump in altcoins or possibly larger pump that should reduce the dominance of bitcoin, the btc pair with altcoins should bring in more fund in the next few weeks
I don't think the correction indicates a bearish trend season, in fact, a correction is very common here, another bullish run may begin, the good thing about reaching a new ATH is that many negotiations have been with very high amounts, and Those investors will defend their investment at any cost.
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.
First the bear market is not yet to happen but people seems to be extremely surprising whenever the market dump in price whereas it only open windows of new profit opportunities and also make the market healthier. I will say this expensive truth if the market didnt experience this current dump we ought to be expecting a worse corrections.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 expect this to happen before now and I dont expect a quick recovery.
If the correction lead to bear is fine since the crypto market is volatility in nature and I think we need to be bothered every time the market went dip cause we supposed to ride it and find any way to profit from what the market presented cause every market trend have it own advantage.
There has to be a good reason before the bear market starts taking over. The previous bear started when google and facebook announced to ban crypto ads on their adnetwork and then all of a sudden the crashing of prices. For now, the bull market hasn't yet started considering the prices of the old tokens haven't lift off. EOS during the last bullrun hit $20+, not it barely can't break $5.
Thanks, I wasn't aware of this to be honest. I can't really see any good reason for a bear market to start now to be fair, I just got a bit spooked and wanted a bit of reassurance. Like most here I'm very optimistic about Bitcoins future so gonna just hodl my way through.
during 2018 and 2019 bitcoin was already in a bear market and the price was on a down trend.
during 2020, 2017, 2016 and most of 2015 bitcoin was in a bull market and it had many drops like this while rising up.
you should get your facts straight...
during 2020, 2017, 2016 and most of 2015 bitcoin was in a bull market and it had many drops like this while rising up.
you should get your facts straight...
I never said that a bear market happens every time there's a big dip to be fair, just that it has happened in the past, you seem to have misinterpreted what I was saying but that's OK.
Quote
Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
Quote
no, you should sell your bitcoin immediately because you have failed to do the first thing required before investing in something which was research into its history.
OK mate, no worries, is everything OK?
There has to be a good reason before the bear market starts taking over. The previous bear started when google and facebook announced to ban crypto ads on their adnetwork and then all of a sudden the crashing of prices. For now, the bull market hasn't yet started considering the prices of the old tokens haven't lift off. EOS during the last bullrun hit $20+, not it barely can't break $5.
Don't panic too much, isn't this a common thing, when bitcoin increases in a short time, the consequence is that in a short time there will also be a sharp decline, doesn't this look healthier and more interesting than continuing to see bitcoin rise but it doesn't have a strong foundation. we are still on the right track.
It is what we must do if we see the market is dropping. If we are not panic, we will see a chance to buy back and sell in a limited time, and that will be difficult to see if we panic. I hope this time, the price will not go down to another downtrend because people are waiting for the next increases. But if suddenly, the price goes down for more, we can not do anything, but we should prepare to buy at a low price. 
Of course some can predict the price though it's all pure speculation but to be honest it's too complicated and difficult when is the time to buy and to sell unless you decide to do a plan especially when you're trading it.
When to buy is really that difficult thing all of us go through because bitcoin is highly volatile and likely to defy every prediction. To buy bitcoin during bull is not very nice because it always have a phase of correction, except you are sure correction has happened and the price now has balance.
I hope that it will really be different because the same pattern will only mean that anyone can simply predict the prices.
Of course some can predict the price though it's all pure speculation but to be honest it's too complicated and difficult when is the time to buy and to sell unless you decide to do a plan especially when you're trading it. A lot of people already claimed that the bear market already started even we just saw 3 days' red candles for Bitcoin.
Even major media company, CNN already claimed it: Bitcoin plunges more than 20% in three days. It's now in a bear market.
20% dumps within three days are kinda huge for this price of Bitcoin, but if you are in the market for previous market, these kind of dump percentages are common which I am sure that it will make you don't get panic easily.
Even major media company, CNN already claimed it: Bitcoin plunges more than 20% in three days. It's now in a bear market.
20% dumps within three days are kinda huge for this price of Bitcoin, but if you are in the market for previous market, these kind of dump percentages are common which I am sure that it will make you don't get panic easily.
For a big media company, they are too early to conclude that bitcoin has entered the bear market although it just a normal correction considering bitcoin price rebound to $36k immediately afterwards. People have predicted that bitcoin may encounter a correction of 30% - 40% after such an increase of more than 100% in less than a month, it really drops 27% though. Nonetheless, the support level at $30k still holds firm, and the demand for bitcoin in the market ensures bitcoin goes up in a short time.
when Bitcoin has dipped this much in previous years it has led to a prolonged bear market.
during 2018 and 2019 bitcoin was already in a bear market and the price was on a down trend.during 2020, 2017, 2016 and most of 2015 bitcoin was in a bull market and it had many drops like this while rising up.
you should get your facts straight...
Quote
Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
no, you should sell your bitcoin immediately because you have failed to do the first thing required before investing in something which was research into its history.
Thanks for all the advice. I was admittedly getting a bit nervous and half the reason for posting this was hoping that people could talk me out of being a weak hand and cashing some out as friends and family have been trying to convince me to do. You've done the job. I bought in at the start of November so it'd have to be quite a severe crash to lose all my profits anyway which is a nice little comfort blanket. I AM HODLING! 
Cheers!
Cheers!
Don't panic too much, isn't this a common thing, when bitcoin increases in a short time, the consequence is that in a short time there will also be a sharp decline, doesn't this look healthier and more interesting than continuing to see bitcoin rise but it doesn't have a strong foundation. we are still on the right track.
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?
We might go back to the highs right now.
Alternatively, this might be a bull trap to the 0.618 - 0.705 retracement area (high $30Ks) like June 2017, before there is ultimately another leg down. If that scenario plays out, then $25-$28K is a realistic bottom range.
Either way, this bull run still has a long way to go before it burns out. The longer the market consolidates below $42K, the more powerful the next leg up will be. Be patient and keep those hands strong. Six figures USD this year, in my opinion.
I don't want to get overly dramatic about what's happened today, especially considering that the $32k level that we're at now was a new ATH just a week ago but when Bitcoin has dipped this much in previous years it has led to a prolonged bear market.
Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
Price even Fell down to 30,000$ level mate ,Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
But I'm Not having regret since i sold out my Bitcoin at 38k because yesterday i come to Buy at 30k level that brings me now a more than 18% already seeing the value is climbing up Near 37,000$ as of this moment .
and Literally ? this correction will not going to Bear market as the proof is showing already now.
Jump to: