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Topic: How long do you think this BEAR MARKET will LAST? - page 14. (Read 14962 times)

legendary
Activity: 3514
Merit: 1280
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But from a HODLING standpoint, wouldn't you believe that it is the right time to start accumulating while the price is low?
We should firmly face the truth, no matter what

As the majority of holders have become such because they were just unlucky and kept on holding when they should have sold. In this way, there is no "HODLING standpoint". Simply put, it is an invention of lost souls (aka bagholders) to justify their mistake somehow and try to rationalize it

How is "hodling" an invention of "lost souls" to justify bag hodling? I hodl, not because of my average buying price, which is lower than its price now I might add. I hodl, because I believe in Bitcoin for idealogical reasons, and as an investment in sound money

Are you sure that you wouldn't sell your stash at 20k if given a (second) chance?

But it doesn't really matter even if you personally would not, as most people (bagholders or otherwise) would not think twice if given such an opportunity. So much for the "idealogical reasons" and "investment in sound money", huh. As the saying goes, charity begins at home and when money talks bullshit walks. If you accept this as being generally true, which you should if you are an honest person, then you have to agree with my point (about bagholders rationalizing their holding in the way described). So are you an honest person or what?

Ok I misunderstood your point. I define "market" as every aspect of Bitcoin changing hands, including exchanges. The more people hodl Bitcoin, the more scarce it will be

But it doesn't necessarily make it more valuable (let alone more useful)
legendary
Activity: 2898
Merit: 1823
But from a HODLING standpoint, wouldn't you believe that it is the right time to start accumulating while the price is low?

We should firmly face the truth, no matter what

As the majority of holders have become such because they were just unlucky and kept on holding when they should have sold. In this way, there is no "HODLING standpoint". Simply put, it is an invention of lost souls (aka bagholders) to justify their mistake somehow and try to rationalize it


How is "hodling" an invention of "lost souls" to justify bag hodling? I hodl, not because of my average buying price, which is lower than its price now I might add. I hodl, because I believe in Bitcoin for idealogical reasons, and as an investment in sound money.

Quote
Bitcoin supply is neither scarce not capped as far as the law of supply and demand is actually concerned (read, it can increase and decrease in pretty wide limits). If it were otherwise, price crashes like 6 times (and surges of equal scale, for that matter) wouldn't be possible. This is what real understanding is about

I'm confused. Bitcoin supply is not capped, and not provably scarce? How?


Bitcoin itself is capped, of course, but its market supply is definitely not. Market supply here means coins that actually get traded. Indeed, it can't exceed 21M bitcoins (or how many coins have been mined to date) but if only a small ratio is actually traded, the market supply is pretty much uncapped. In other words, if all potentially available coins enter the market all of a sudden, the market itself will get destroyed


Ok I misunderstood your point. I define "market" as every aspect of Bitcoin changing hands, including exchanges. The more people hodl Bitcoin, the more scarce it will be.
member
Activity: 476
Merit: 10
CAT.EX Exchange
It should be a good starting market forever, but this is very unlikely to see market sentiment that has never happened for a long time, so this could be a momentary effect, it might be a breath of fresh air for price increases, which certainly will never long time ago, so let's take advantage of this momentum.
member
Activity: 462
Merit: 10
In 2016 and 2017 is 2 years periode for bull market, so can be for bear market also will take in 2 years. But because all crypto already oversold so can be in this year the price just side away and in the end of this year bull market will start again.  Keep patient waiting for bull market is key to make huge profit because that for sure will be coming.
legendary
Activity: 1092
Merit: 1001
I very much hope that this bear market will end in March-April 2019. There are some prerequisites for this. Bitcoin has stabilized around $ 3,500 and will be here for at least a month. But I do not expect much growth,I think that bitcoin will grow to 5000-6000 dollars.
We can't predict that exact price for bitcoins but we can atleast hope a higher price than now. Bear markets will end soon and will bring a new start to the bull markets. Graphs will rapidly go up with the uprising demand for the markets and it would gain back the importance towards cryptos.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
But from a HODLING standpoint, wouldn't you believe that it is the right time to start accumulating while the price is low?

We should firmly face the truth, no matter what

As the majority of holders have become such because they were just unlucky and kept on holding when they should have sold. In this way, there is no "HODLING standpoint". Simply put, it is an invention of lost souls (aka bagholders) to justify their mistake somehow and try to rationalize it

Quote
Bitcoin supply is neither scarce not capped as far as the law of supply and demand is actually concerned (read, it can increase and decrease in pretty wide limits). If it were otherwise, price crashes like 6 times (and surges of equal scale, for that matter) wouldn't be possible. This is what real understanding is about

I'm confused. Bitcoin supply is not capped, and not provably scarce? How?

Bitcoin itself is capped, of course, but its market supply is definitely not. Market supply here means coins that actually get traded. Indeed, it can't exceed 21M bitcoins (or how many coins have been mined to date) but if only a small ratio is actually traded, the market supply is pretty much uncapped. In other words, if all potentially available coins enter the market all of a sudden, the market itself will get destroyed
legendary
Activity: 2898
Merit: 1823
Too confident tho,
Yes people said next halving is another hope for the bull run but its still too long to reach from now.

Then take it as an opportunity of having a longer time-frame to accumulate. Cool

Bitcoin is provably scarce. I can't be "too confident" enough that it will reach a 6 digit valuation within 10 years. If you cannot wait, then it's your loss

That's a very common misconception

The supply of coins didn't increase too much in 2018 (I guess it is in the range of a couple percent) but the price crashed 6 times.


Because you haven't zoomed out far enough to smooth out the volatility. What is a year in Bitcoin? But of course I said that with the assumption that everyone understands the law supply and demand. Demand comes and goes, Bitcoin's supply is provably scarce, and capped. Cool

Plus I am not trading, I'm HODLING. There's a difference.

Do you believe that it would be stupid to think that Bitcoin will be on its way to a 6 digit valuation within 10 years? Because a lot of people made the mistake that it was stupid to think it would reach a 5 digit valuation

It may not be stupid to think so

But it will be stupid to act based on that assumption when everything is crashing down. Well, today it may not look like that at all but we don't know if the surge we are experiencing now is not a game to make an exit. Regarding zooming out, I don't think you can zoom out enough to hide the crash of this size. Actually, I think you are in fact kidding


But from a HODLING standpoint, wouldn't you believe that it is the right time to start accumulating while the price is low?

Quote

Bitcoin supply is neither scarce not capped as far as the law of supply and demand is actually concerned (read, it can increase and decrease in pretty wide limits). If it were otherwise, price crashes like 6 times (and surges of equal scale, for that matter) wouldn't be possible. This is what real understanding is about


I'm confused. Bitcoin supply is not capped, and not provably scarce? How?
sr. member
Activity: 784
Merit: 255
I very much hope that this bear market will end in March-April 2019. There are some prerequisites for this. Bitcoin has stabilized around $ 3,500 and will be here for at least a month. But I do not expect much growth,I think that bitcoin will grow to 5000-6000 dollars.
hero member
Activity: 2870
Merit: 594
Can last as long as the whales want it to. The fate of the market is no longer in the hard of regular traders.
Just buy low and sell high Instead of waiting for a bull run,


Whales can't manipulate the market anymore and their influence is not that strong on the current market. And besides, cryptopia that made an exit scam will be followed by other small exchanges because of the long bear market.

Maybe it's not the whales, but speculators who uses trading bot to their advantage. You can just set it to sell when the price reaches a certain point, and I believed that this is what's happening right now. Lots of speculators are shorting bitcoin, that's why when we're about to make a rally, the price will suddenly slid back because of shorting.

So with that said, I'm not expecting a bull run this quarter and it will continue to trade at sideways with no clear indication as to where the market price will go.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
I think this is not bear market anymore, rather it is being the real price of every coin. Because I don't think the bear market can last 1 year, as the bull market can't stay for two months! When will you say that this is a bull market?
Still in the bear market, there is no definite time when it will last, whether it's a bear or bull market, that depends always on the current
situation and maybe our own opinion. As of now, I believe we are still in the bear market and hopefully this will not consume another 1 year.

If the BTC price goes to 10K USD? Now I think we should adapt to this market.
The fact that you are here, you have already adopt but we cannot dictate what price it should, we have to follow the fundamentals.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
Can last as long as the whales want it to. The fate of the market is no longer in the hard of regular traders.
Just buy low and sell high Instead of waiting for a bull run,


Whales can't manipulate the market anymore and their influence is not that strong on the current market. And besides, cryptopia that made an exit scam will be followed by other small exchanges because of the long bear market.

That could happen because traders will hold the coins or withdraw the coin and moves to the big market so they could still trade. I think with the bear market, and we can see how many of the exchanges that still operate in this day and if they can survive, then it proves that they are one of the best exchanges and I am sure they will grow in the future. We cannot predict when the bear market will end because there is no sign we can see, but it will end soon.
full member
Activity: 434
Merit: 100
Can last as long as the whales want it to. The fate of the market is no longer in the hard of regular traders.
Just buy low and sell high Instead of waiting for a bull run,


Whales can't manipulate the market anymore and their influence is not that strong on the current market. And besides, cryptopia that made an exit scam will be followed by other small exchanges because of the long bear market.
member
Activity: 504
Merit: 10
For sure bear market gonna end up soon as possible because in this days lot of altcoins get pumping out last time i check on coinmarketcap.
Ucy
sr. member
Activity: 2674
Merit: 403
Compare rates on different exchanges & swap.
Can last as long as the whales want it to. The fate of the market is no longer in the hard of regular traders.
Just buy low and sell high Instead of waiting for a bull run,
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
Can last as long as the whales want it to. The fate of the market is no longer in the hard of regular traders.
Just buy low and sell high Instead of waiting for a bull run

For regular bros that's not simple

Not everyone can easily ride volatility as this is what your advice basically comes down to, especially if we haven't recently seen a lot of volatility anyway (apart from the last couple of days, obviously). In most cases wannabe traders will end up buying high while selling low and not in a constructive way, i.e. when you sell low to buy even lower. And I'm not speaking of using shorts
full member
Activity: 529
Merit: 101
I think this is not bear market anymore, rather it is being the real price of every coin. Because I don't think the bear market can last 1 year, as the bull market can't stay for two months! When will you say that this is a bull market? If the BTC price goes to 10K USD? Now I think we should adapt to this market.
Ucy
sr. member
Activity: 2674
Merit: 403
Compare rates on different exchanges & swap.
Can last as long as the whales want it to. The fate of the market is no longer in the hand of the community and regular traders.

You should just buy low and sell high Instead of waiting for a bull run which may never come.
member
Activity: 630
Merit: 20
I just wished this bear status of the market will immediately come to an end. My investments were at hodl for a few months now. Hope that trader who wrote an article precisely predict the market which currently I am in doubt because predictions are just a prognosis.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
Too confident tho,
Yes people said next halving is another hope for the bull run but its still too long to reach from now.

Then take it as an opportunity of having a longer time-frame to accumulate. Cool

Bitcoin is provably scarce. I can't be "too confident" enough that it will reach a 6 digit valuation within 10 years. If you cannot wait, then it's your loss

That's a very common misconception

The supply of coins didn't increase too much in 2018 (I guess it is in the range of a couple percent) but the price crashed 6 times.


Because you haven't zoomed out far enough to smooth out the volatility. What is a year in Bitcoin? But of course I said that with the assumption that everyone understands the law supply and demand. Demand comes and goes, Bitcoin's supply is provably scarce, and capped. Cool

Plus I am not trading, I'm HODLING. There's a difference.

Do you believe that it would be stupid to think that Bitcoin will be on its way to a 6 digit valuation within 10 years? Because a lot of people made the mistake that it was stupid to think it would reach a 5 digit valuation

It may not be stupid to think so

But it will be stupid to act based on that assumption when everything is crashing down. Well, today it may not look like that at all but we don't know if the surge we are experiencing now is not a game to make an exit. Regarding zooming out, I don't think you can zoom out enough to hide the crash of this size. Actually, I think you are in fact kidding

Bitcoin supply is neither scarce not capped as far as the law of supply and demand is actually concerned (read, it can increase and decrease in pretty wide limits). If it were otherwise, price crashes like 6 times (and surges of equal scale, for that matter) wouldn't be possible. This is what real understanding is about
full member
Activity: 1750
Merit: 118
From my point of view, we will see the bottom in the second half of 2019. Here are some reasons for that: previous bearish period lasted 1 year and 2 months, during the second half of 2019 Bakkt will be released and Bitcoin ETF will be approved (I hope it will happen)
I am not confident any longer that ETF and Bakkt can still create hype to uplift the market. Approval of ETF was postponed once again, this definitely affect us because hopes of people are just wasted thus resulting to loss of interest from them. Bakkt in the other hand, was involved in a $50 M scam. The official Bakkt is not the responsibility for this, what happened is that the fraudsters used their name in order to deceive investors. But still, this news will greatly affect its launch and probably got lesser prospective customers due to this incident.


i recently read a post of some user . they say that etf had already been approved and this is the reason  why the price of btc and other cryptos are now starting to uplift again  . too bad that bakkt are now facing a big problem  . lets just hope that they can resolve this issue because bakkt can also help the price to improve more evenly aside from etf  .
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