Is it bearish season yet? - page 6. | Bitcointalksearch.org

rodskee

full member

Activity: 2520

Merit: 204

Quote from: Jaered on March 06, 2021, 05:45:57 PM

Hello guys, the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?

How can you called that Suddenly when the price still stays at 45,000-50,000$? and look at it now , 54,000 value ? lol You must be glad that we are almost closing to 1st quarter yet the price is on this high?

Quote from: Maslate on March 08, 2021, 04:59:35 PM

There's no massive correction yet, bitcoin is still bouncing back although not as bullish as before.

Let's just carefully observe the market, but as for me, I would not ride yet until bitcoin makes a new ATH as most likely bitcoin will just dump if it will not break the bigger resistance.. once we are at $59k, then maybe the FOMO will start again as investors would think of bitcoin breaking out to $60k.

Watch closely!

Yes that is correct , the price has small lows because of those who are waiting for this chance to profit had already sold their coins and now they are bitter because the price climbs up again as they thought of buying again once the value fell low to 30,000 level.

Wilhelm

legendary

Activity: 1652

Merit: 1265

Quote from: Lucius on March 09, 2021, 06:13:13 AM

Quote from: Wilhelm on March 08, 2021, 11:32:35 AM

August because I don't want to be around when transaction get impossible and everything goes parabolic and blows. Remember the $72 transaction fees? The three day wait for confirmations? Trades not going through...
Everyone knows december is evil and is to watch out for, so many will reap before that...

You are talking about the period from the end of 2017, then we did not have SegWit and crypto exchanges did not mainly apply batch transactions. Given how much the price has gone up, the fees haven’t risen so drastically though - although the time of $0.10 for the fee is definitely behind us. The problem of large fees stems mainly from ignorance, because how to explain that at this point someone is paying 400 sat/byte, and for confirmation in the next block 50 sat/byte is enough Huh

Everyone has their own strategy, but I don't think things will go so dramatically that the fee will be $70 + or that a big crash will happen overnight if something as dramatic as a pandemic doesn't happen.

I agree but each cycle we hit new limits. Stress testing Bitcoin and the infrastructure is good...
Let’s hope nothing backs up or explodes :p

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: Wilhelm on March 08, 2021, 11:32:35 AM

August because I don't want to be around when transaction get impossible and everything goes parabolic and blows. Remember the $72 transaction fees? The three day wait for confirmations? Trades not going through...
Everyone knows december is evil and is to watch out for, so many will reap before that...

You are talking about the period from the end of 2017, then we did not have SegWit and crypto exchanges did not mainly apply batch transactions. Given how much the price has gone up, the fees haven’t risen so drastically though - although the time of $0.10 for the fee is definitely behind us. The problem of large fees stems mainly from ignorance, because how to explain that at this point someone is paying 400 sat/byte, and for confirmation in the next block 50 sat/byte is enough Huh

Everyone has their own strategy, but I don't think things will go so dramatically that the fee will be $70 + or that a big crash will happen overnight if something as dramatic as a pandemic doesn't happen.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

People may have some fear that they will lose money, to be quite honest I have been making a profit like I have never made before during this period, some people literally got in with tiny amounts and made enough profit to retire forever, of course it depends on what you invest but if you find the bull run and hype in few coins back to back you could have made insane amount of money, just think about hitting 5x with 5 different coins, 1000 dollars becomes 5000 dollars which turns to 25000 dollars that turns into 125k dollars that turn into 625k coins, of course not that many people did that but there are few that started with 1k and had 100k+ by now.

This is why many people want this to go on, I want this to go on as well, I haven't made that much money, I did barely a 10x so far, and if I can continue a few more months, like just 8 more months, I will have enough money to basically just retire at an early age.

rhodelmabanal

full member

Activity: 1140

Merit: 103

Buzz App - Spin wheel, farm rewards

Quote from: Shasha80 on March 08, 2021, 07:52:26 PM

For those who say Bitcoin will soon enter the bearish season, so do the analysis correctly. Because I don't see any indication in the near future
the bearish season is coming soon. Especially if we see the price of Bitcoin now starting to rise to the price of $ 52k, this is a good sign that Bitcoin
will soon pass the resistance price of $ 55k. If the $ 55k price gets past the Bitcoin price will definitely continue to rise and could return to the ATH
price of $ 58k.

I dont think bearish market will appear this year, because i see that the bitcoin is now start rising, it only down for a moment and rise again so i think there is no room for bearish season this year, i believe that there are still bearish season but i think it will not occur this year, because bitcoin is now mooning it slowly rise and now it is near to 55k$.

Shasha80

sr. member

Activity: 1876

Merit: 318

For those who say Bitcoin will soon enter the bearish season, so do the analysis correctly. Because I don't see any indication in the near future
the bearish season is coming soon. Especially if we see the price of Bitcoin now starting to rise to the price of $ 52k, this is a good sign that Bitcoin
will soon pass the resistance price of $ 55k. If the $ 55k price gets past the Bitcoin price will definitely continue to rise and could return to the ATH
price of $ 58k.

STT

legendary

Activity: 4102

Merit: 1454

A true bearish season might take a year or more to arrive yet, people are possibly jumping the gun. We will pullback if we are to remain healthy though, it can still be bullish after and during that.

Heres a quick trend I'm watching on the daily:

Its quite messy on any lesser time frame, there is some question and doubt in this area as we cross back and forth in this price action range. The dollar index DXY is rising and is above 92 now which gives me some pause to consider possible pullbacks inline with the general market but so far price remains elevated for some time.
Breaking trend on a time frame returns us to wider action like the 50 day average below in lower 40k area, I think thats a reasonable scenario also. The OP question on an entire season of bullish action is not yet in prospect, we have no trend down.

Stedsm

legendary

Activity: 3052

Merit: 1273

If ever you'll see the start of a bearish season, remember, you won't see less than a 50% retracement happening on the charts of BTC alone. Chinese New Year, Elon Musk's negative tweets about BTC price, whales wanting to buy lower and also taking profits, no liquidity in the markets on weekends so easy to manipulate, blood bath on Mondays, etc. List is big but still BTC hodling above $51k, you need anything else?

Maslate

hero member

Activity: 2954

Merit: 672

Message @Hhampuz if you are looking for a CM!

There's no massive correction yet, bitcoin is still bouncing back although not as bullish as before.

Let's just carefully observe the market, but as for me, I would not ride yet until bitcoin makes a new ATH as most likely bitcoin will just dump if it will not break the bigger resistance.. once we are at $59k, then maybe the FOMO will start again as investors would think of bitcoin breaking out to $60k.

Watch closely!

lienfaye

hero member

Activity: 3010

Merit: 629

Its just a correction. Currently the market is bouncing back again and it seems a bullish status is not yet over. Im also waiting for huge dip to buy back of the coins that I already sell to take profit.

Quote from: arwin100 on March 08, 2021, 04:38:53 PM

Before we don't know on what's going on since the market is build by pure hype only that's why many got scared when dump has occured and that's the reason why we see such huge dump happened way back 2018, I myself uninstall my blockfolio,trading view and other price tracker app before since it's really depressing to see how huge I lost before when market drop so bad.

Well, its really depressing to see our assets losing their value but patience is the key to be able to bear those times. I also forget the market for a while during that time (2018) to not get tempted to sell. But now I think the situation is different from the past because the reason for bullish market is due to adoption of huge companies and not because of manipulation.

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Quote from: dimonstration on March 08, 2021, 12:23:27 PM

Quote from: slaman29 on March 07, 2021, 09:12:36 AM

Dude if red candles like these on a single stretch of week is giving you heartburn then you better really seriously make an assessment if crypto is the right place for you. I mean. This is crypto, buddy. 90% moves so possible as with every defi rug pull can show that even in 30 minutes almost everything can be gone in seconds.

Crypto is for those whose willing to take risk and can watch his money drop. It’s for those whose willing to wait and know that it’s still not a loss as long as they didn’t sell it. I remember before I even uninstalled trading-view and some apps to avoid looking and monitoring the price when the bear season happens way back 2018. Now i guess I'm immune with some drops as long as I already managed to-put some bracket on how much O can sell or when to stop loss.

Before we don't know on what's going on since the market is build by pure hype only that's why many got scared when dump has occured and that's the reason why we see such huge dump happened way back 2018, I myself uninstall my blockfolio,trading view and other price tracker app before since it's really depressing to see how huge I lost before when market drop so bad.

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

Quote from: dimonstration on March 08, 2021, 12:23:27 PM

Quote from: slaman29 on March 07, 2021, 09:12:36 AM

Dude if red candles like these on a single stretch of week is giving you heartburn then you better really seriously make an assessment if crypto is the right place for you. I mean. This is crypto, buddy. 90% moves so possible as with every defi rug pull can show that even in 30 minutes almost everything can be gone in seconds.

Crypto is for those whose willing to take risk and can watch his money drop. It’s for those whose willing to wait and know that it’s still not a loss as long as they didn’t sell it. I remember before I even uninstalled trading-view and some apps to avoid looking and monitoring the price when the bear season happens way back 2018. Now i guess I'm immune with some drops as long as I already managed to-put some bracket on how much O can sell or when to stop loss.

I do have the same behavior back into those years where we are on a bear market where i do really tend not to look any charts or any apps that do show off prices as best as i can due to im bit
not able to control up my emotions when dealing up with things.

Due to experience, you would able to mold up these kind of self control and discipline which would really be helpful when the time comes.Hoping for some bearish market
isnt ideal and its better to cherish out these bullish moment and take profits with it than on minding for some another bear
market.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: dimonstration on March 08, 2021, 12:23:27 PM

Quote from: slaman29 on March 07, 2021, 09:12:36 AM

Dude if red candles like these on a single stretch of week is giving you heartburn then you better really seriously make an assessment if crypto is the right place for you. I mean. This is crypto, buddy. 90% moves so possible as with every defi rug pull can show that even in 30 minutes almost everything can be gone in seconds.

Crypto is for those whose willing to take risk and can watch his money drop. It’s for those whose willing to wait and know that it’s still not a loss as long as they didn’t sell it. I remember before I even uninstalled trading-view and some apps to avoid looking and monitoring the price when the bear season happens way back 2018. Now i guess I'm immune with some drops as long as I already managed to-put some bracket on how much O can sell or when to stop loss.

Your experienced brings that good edge among other traders who are just starting with this market, the nature of this market is very volatile, not knowing what you are doing is not a good practice,. Knowing some good strategy in anticipating what particular market
will bring in the next few days will be a big edge.

Trading is not how people thinks of it, it's not an easy access to richness, it's a process where survival of the fittest is well-practiced.

dimonstration

hero member

Activity: 2716

Merit: 698

Dimon69

Quote from: slaman29 on March 07, 2021, 09:12:36 AM

Dude if red candles like these on a single stretch of week is giving you heartburn then you better really seriously make an assessment if crypto is the right place for you. I mean. This is crypto, buddy. 90% moves so possible as with every defi rug pull can show that even in 30 minutes almost everything can be gone in seconds.

Crypto is for those whose willing to take risk and can watch his money drop. It’s for those whose willing to wait and know that it’s still not a loss as long as they didn’t sell it. I remember before I even uninstalled trading-view and some apps to avoid looking and monitoring the price when the bear season happens way back 2018. Now i guess I'm immune with some drops as long as I already managed to-put some bracket on how much O can sell or when to stop loss.

Wilhelm

legendary

Activity: 1652

Merit: 1265

Quote from: Lucius on March 08, 2021, 11:27:01 AM

Quote from: Wilhelm on March 06, 2021, 05:51:18 PM

Bear market will probably start after August. But that's based on history....

Why after August? It makes no sense if we consider that ATH in the past always came 1 to 1.5 years after halving, and the math in that case is more than clear. It would be more logical if you wrote January 2022, because Q4 has historically been a very profitable month - and this year it has even more bull potential than 2017.

The problem with OP and those who can not wait for the correction and bear market is that they definitely live in the wrong year - 2020 -> 2021 is by no means what it was 2017 -> 2018.

August because I don't want to be around when transaction get impossible and everything goes parabolic and blows. Remember the $72 transaction fees? The three day wait for confirmations? Trades not going through...
Everyone knows december is evil and is to watch out for, so many will reap before that...

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: Wilhelm on March 06, 2021, 05:51:18 PM

Bear market will probably start after August. But that's based on history....

Why after August? It makes no sense if we consider that ATH in the past always came 1 to 1.5 years after halving, and the math in that case is more than clear. It would be more logical if you wrote January 2022, because Q4 has historically been a very profitable month - and this year it has even more bull potential than 2017.

The problem with OP and those who can not wait for the correction and bear market is that they definitely live in the wrong year - 2020 -> 2021 is by no means what it was 2017 -> 2018.

ice18

hero member

Activity: 2492

Merit: 542

The crypto market from bitcoin to altcoins right now is too bullish to become bearish and I dont think the bull already ended its too aggressive at this time, a healthy market needs correction even in 50% or 40% still its part of a market no need to worry when all people are entering crypto this is not like 2017 this is really different.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Quote from: Oceat on March 07, 2021, 01:27:06 PM

Quote from: slaman29 on March 07, 2021, 09:12:36 AM

Dude if red candles like these on a single stretch of week is giving you heartburn then you better really seriously make an assessment if crypto is the right place for you. I mean. This is crypto, buddy. 90% moves so possible as with every defi rug pull can show that even in 30 minutes almost everything can be gone in seconds.

Nah, I think have the right to ask if he's not used to the market because maybe he already suffered from the losses in 2017. You know how things went sideways in 2017, right? After the bull run of hitting $20k ATH it suddenly dropped faster than anything plus the correction kicks in then the whole market is in total red.

But this year, this bull market it's quite different from the last one that we had since there's little fud now compared in the past which is people can easily be drawn by the sudden fud then after that the whole market would be in bloodbath already.

I don't know yet when will the bloodbath going to occur that would lead the bear to follow but let's take this moment to gather and earn our desired profit until the bear market comes. That would be the best time to reinvest again if you have the money for the next season of bull market.

Oh I know how it went in 2017, but like I said, if 2017 and even any events in the years after that including March 2020 which was arguably even worse for most people, doesn't teach you about crypto, and if you're not prepared to see red candles like this even during a bull run, then really, crypto may not be the right place for you.

I think people come in and expect things to only go crazy up. But crazy down is just as, if not more possible;)

tygeade

legendary

Activity: 2086

Merit: 1058

Quote from: Jaered on March 06, 2021, 05:45:57 PM

the cryptocurrency world have witnessed an rise in fortune in the last one month or so, turning a market cap of 2 trillion USD. Now suddenly we are witnessing red candles. What's going on? Is it a massive correction or are the dreaded bears coming upon us?

We have reached the lowest point, there is no more dropping anymore and we are not going to get another drop, do not feel fear about what is going on because we are doing fine so far and we will keep doing fine in the future as well, there are a ton of people who feel fear because we dropped a bit but I do not get it, this is finance, obviously we are going to have some sort of drops and that is normal but the reality is that we do not have to have any sort of fear because of a drop, since the movements are always in cycles so it will go up and it will go down and it will go up and it will.. basically it will always continue like that.

What you need to realize is that even if there are drops, in the long run, bitcoin always goes higher, it may take a day or it may take a year but it will make you a profit no matter where you buy it at, even if you buy at ATH you will profit from it eventually.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

Correction or we could say it's taking profits.
There will always be individuals and groups who want to hoard more cryptocurrencies.
So the one way to do that is sell high, buy low instead of spending more fiat just to add more in their balance.
It might be a risky move but that's a good way to save money by using the price movements.

Topic: Is it bearish season yet? - page 6. (Read 1290 times)