Guess we're not out of this bear cycle yet, huh? - page 2.

Nhebu

member

Activity: 616

Merit: 10

Quote from: BillCoin on February 23, 2018, 08:26:25 AM

The trend is still down as panic sells are triggered, but soon the bitcoin will find his price and he will stabilize, its going to boost him further as the panic sells will stop.
The whole market is very new and that's the reasons that the price changes are so aggressive, we need to find a price floor and start from that.

As a long term believer I don't really care about short-term price changes, and if you are a true believer in bitcoin you shouldn't care as well, hold until we get into massive adoption, the previous network upgrades including Segwit bech32 addresses are going to decrease the fees significantly and I believe that's the trigger that is going to push the price forward.

That's right! If you are in a long term investment, you don't care in bearish cycle of cryptocurrency.
Panic sellers are triggered to sell because a lot of speculations in bitcoin that they followed. As a keen observer, they might notice how does the manipulation of bitcoin affects its price, not by the speculations they gathered.
P.S. bitcoin is not a human, please refer it as a thing. Use the proper pronouns. Thank you!

BillCoin

sr. member

Activity: 476

Merit: 259

The trend is still down as panic sells are triggered, but soon the bitcoin will find his price and he will stabilize, its going to boost him further as the panic sells will stop.
The whole market is very new and that's the reasons that the price changes are so aggressive, we need to find a price floor and start from that.

As a long term believer I don't really care about short-term price changes, and if you are a true believer in bitcoin you shouldn't care as well, hold until we get into massive adoption, the previous network upgrades including Segwit bech32 addresses are going to decrease the fees significantly and I believe that's the trigger that is going to push the price forward.

Beefcake

full member

Activity: 279

Merit: 132

Beefcake!!!

It is hard to say, this market is different than before. I am 100% sure that it is being heavily manipulated by wallstreet, who just got in recently. I was watching GDAX the last few days, and I have seen obvious spoofing and order stuffing.

There was suspicious timing: futures contracts came out, at a price of 20k right after bitcoin hits an all time high of 19k. Then mysteriously there has been nothing but bad news since. Also stuff like VISA-Coinbase shenanigans. Its b.s.! I get a credit card number stolen once in a while. After a single $3 transaction they shut that crap down! So you cant say that the cc's were ignorant to crypto purchases. So why now all of a sudden?

There are lots of things like that. To me the manipulation is so obvious that if the people running the world economy weren't the ones doing the manipulation, then there would be an outcry and people would go to jail. As it is these are the people who pull the strings so they can do whatever they want.

So it is hard to say what will happen. I feel like this 'bear cycle' is the result of heavy manipulation. However bitcoin is a freight train running downhill without breaks. There is no stopping it. But that doesn't mean the price can't be clobbered in the short term.

Martinkuhn

jr. member

Activity: 161

Merit: 1

0xf54CA5618b90810722B0e833DC150a97743A40B4

I believe that history has a knack for proving itself and that I think the crypto market will come alive after March or maybe in April/May...like last year.

This period will test the nerves of many and I am already seeing a few investors losing their nerves and cutting losses.

The weak hands will cut loss during this few months.. and in May, we will see fervent buying by everyone once again.

Hold on tight, we will get a chance to say "i told you so" very soon.

maianh09

full member

Activity: 672

Merit: 100

Quote from: lopez cryptomania on February 22, 2018, 09:45:45 PM

So when in the world will we break out of this bear cycle? When do you think it will end? This is a good opportunity for those who do not already own, but I don't know about you but I want it to go beyond $20k already. I guess we'll let more people in now so we can go up to that next level of a bull run... Cryptoverse only knows.

I have many ideas that it will continue to go down in the next few days, when it comes to the new week it will come back, and a blue will come back. Try to buy the Altcoin you like when the market goes down because I think this is the last chance you can own it at such a low price. Get it before the pump market returns. Good luck.

Synash0619

newbie

Activity: 28

Merit: 0

Quote from: lopez cryptomania on February 22, 2018, 09:45:45 PM

So when in the world will we break out of this bear cycle? When do you think it will end? This is a good opportunity for those who do not already own, but I don't know about you but I want it to go beyond $20k already. I guess we'll let more people in now so we can go up to that next level of a bull run... Cryptoverse only knows.

Please people you have to understand the market cycle. You can look this as a good sign because the price of BTC didn’t when up rapidly. This kind of pattern shown that BTC is not a merely bubble coin. The technical explanation of this are the Resistance line was already reach by that’s why it will go back to Support line.

I hope that we are on the sideways trend because if not it go back to 6,500 USD support line. Or worst break the Support Line 1 and go for Support Line 2 which is 5,500 USD

jtipt

hero member

Activity: 1050

Merit: 529

Quote from: aardvark15 on February 22, 2018, 10:05:50 PM

Quote from: lopez cryptomania on February 22, 2018, 09:45:45 PM

So when in the world will we break out of this bear cycle? When do you think it will end? This is a good opportunity for those who do not already own, but I don't know about you but I want it to go beyond $20k already. I guess we'll let more people in now so we can go up to that next level of a bull run... Cryptoverse only knows.

Crashes and corrections can take months to years to recover. I hope it doesn’t take years, but it would not surprise me at all if it took the rest of the year to get back to around $20,000 per Bitcoin.

Would agree with this. When BTC reached its ATH it was excessively over valued at that time, it was all pure hype that powered it. One time investors mostly, that maybe cashed out made some profit and aren't looking back at btc now.
Now I am going to assume we see more gradual rise, like it always happens along with the corrections and drops after every few thousand dollars.

mrcash02

hero member

Activity: 1190

Merit: 525

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The resistance point is strong to be overcomed. It seemed we were near to exit this cycle, but BTC started dumping again.
Maybe people are fearing to invest now because regulations are appearing on their countries and they don't know what will be allowed and what won't be. When the governments set the new rules for Crypto-Currency people might start investing more. But there isn't a accurated prediction about when it will happen anyway.

aardvark15

hero member

Activity: 1008

Merit: 510

Quote from: lopez cryptomania on February 22, 2018, 09:45:45 PM

So when in the world will we break out of this bear cycle? When do you think it will end? This is a good opportunity for those who do not already own, but I don't know about you but I want it to go beyond $20k already. I guess we'll let more people in now so we can go up to that next level of a bull run... Cryptoverse only knows.

Crashes and corrections can take months to years to recover. I hope it doesn’t take years, but it would not surprise me at all if it took the rest of the year to get back to around $20,000 per Bitcoin.

Just be patient and wait it out and we’ll see huge gains again at some point. Just buy as much as you can while the price is low and hold for the big gains later.

balintong15

newbie

Activity: 126

Merit: 0

yes. we are not yet on the bear cycle because bear cycle is just going back to the old one. i guess it is possible to go back to the old times, just like our dresses, years and decades passed but we are always bringing that fashion out. but in the business, we should not bring the old and past one.

lopez cryptomania

jr. member

Activity: 112

Merit: 1

So when in the world will we break out of this bear cycle? When do you think it will end? This is a good opportunity for those who do not already own, but I don't know about you but I want it to go beyond $20k already. I guess we'll let more people in now so we can go up to that next level of a bull run... Cryptoverse only knows.

Topic: Guess we're not out of this bear cycle yet, huh? - page 2. (Read 325 times)