It's the year 2018 over again - page 2.

kesmex

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Quote from: Google+ on May 12, 2022, 03:04:15 AM

Quote from: raidarksword on May 11, 2022, 11:56:13 PM

Yes definelty this year fealt like 2018 over again that market is going a bear mode. People who used this scenario will not fully affected on this, I am not sure to those people who were new to crypto. This will make them a big lesson to them and hopefully they can get it through the hard times and make them more a aware on how crypto works.

I think people who are new to crypto will never stay in crypto at this time because they still haven't trained themselves not to panic and be afraid of market fluctuations that can occur suddenly without some people realizing it. So those who persist will always get what they want in crypto by continuing to understand and learn how crypto works.

High volatility, that's one of the characteristics of cryptocurrencies, and I really like it, especially when the market is bearish,
of course we can get profit faster than we think, but we have to remember that high volatility is a high risk too,
so be wise in managing your capital

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Quote from: raidarksword on May 11, 2022, 11:56:13 PM

Yes definelty this year fealt like 2018 over again that market is going a bear mode. People who used this scenario will not fully affected on this, I am not sure to those people who were new to crypto. This will make them a big lesson to them and hopefully they can get it through the hard times and make them more a aware on how crypto works.

I think people who are new to crypto will never stay in crypto at this time because they still haven't trained themselves not to panic and be afraid of market fluctuations that can occur suddenly without some people realizing it. So those who persist will always get what they want in crypto by continuing to understand and learn how crypto works.

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Quote from: Tytanowy Janusz on May 01, 2022, 04:15:33 AM

30k is possible, 20k is possible, even 10k is possible as much as 50k and 100k in the next few months. All of those who tries to estimate what is bitcoin going to do next are fortune-telling type of guys. One is certain. Its not 2018-2019 and we should not explect symilar price action.

If 10k is possible that will cause alot of death of crypto coins and human beings too. Not everyone who is in crypto knows how to cope with loss. We are likely going to hear of suicide cases of those who can not take loss. The market is beating up everyone and there is confusion everywhere. Most trusted coins are crashing. BNB is very down and the fear of further dump is there. Bitcoin has lost alot of strength.

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Quote from: S3300 on May 01, 2022, 02:33:54 AM

It seems we are already in a bear market but how far can this go? A year or two just like 2018-2019? Or this is a short term bear market? MMCrypto on youtube said that 30,000$ BTC is possible, if this do happens altcoins will bleed more than ever and this will unlock the beginning of the downfall of many altcoins.

Many people believe the bear market we are facing this time is a short bear market, if 2018 we have to wait more than two years to see the bull market recover, this time it might be just a year or even less. In fact, in my opinion, project developers seem normal with the bear market this time, they are still focused on developing their projects ignoring market conditions, but will look for opportunities to get hype in various conditions.

raidarksword

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Yes definelty this year fealt like 2018 over again that market is going a bear mode. People who used this scenario will not fully affected on this, I am not sure to those people who were new to crypto. This will make them a big lesson to them and hopefully they can get it through the hard times and make them more a aware on how crypto works.

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Quote from: Pejoh Asu on May 10, 2022, 09:54:24 AM

About 4 days the price of bitcoin drops more than 18% and this makes me worry that the moment in 2018 will be repeated, almost the same as 2018 that I still remember is the price of dropping under $ 8000 in May and I sell all the bitcoin that I once bought At the price of around $ 14K, but I am optimistic that in 2022 it is different because there are already many real adoption that will make Bitcoin can survive.

I don't think the price will fall down that much because nowadays we already have lots of people and big companies invested in bitcoins and when we see the price fall in the market these days, we might assume that it will be fell to the lowest price for about $20k+ something and it won't get lower than that before recovering and gaining momentum again.

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Quote from: Pejoh Asu on May 10, 2022, 09:54:24 AM

About 4 days the price of bitcoin drops more than 18% and this makes me worry that the moment in 2018 will be repeated, almost the same as 2018 that I still remember is the price of dropping under $ 8000 in May and I sell all the bitcoin that I once bought At the price of around $ 14K, but I am optimistic that in 2022 it is different because there are already many real adoption that will make Bitcoin can survive.

Bitcoin has dropped below $30k and I think 2018 history will go back yesterday saw Luna historic crash drag the whole market down.
Top altcoins are down 20% to 30% with Near as an example, almost down more than 35% yesterday.
Although today's market is different from 2018 because of the participation of many large countries and institutions, there is no guarantee that they will support the market when prices plummet.

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Quote from: S3300 on May 01, 2022, 02:33:54 AM

It seems we are already in a bear market but how far can this go? A year or two just like 2018-2019? Or this is a short term bear market? MMCrypto on youtube said that 30,000$ BTC is possible, if this do happens altcoins will bleed more than ever and this will unlock the beginning of the downfall of many altcoins.

The current condition of the exchange is not good because many coin prices have collapsed in price, when you have an asset in the form of cryptocurrency then you have to be patient and keep holding on until the price goes up again, but when you have money capital then you can take advantage of this moment to buy coins as much as you can because the price is still cheap so you have to make the best use of it.

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What happened in 2018 was a huge ~84% drop that caused Bitcoin went from near $20,000 down to near $2,000.
Right now if that scenario will happen again, we must see Bitcoin go down from ~$69,000 to at least near the $10,000 price level.

Will it happen? Anything is possible still but the chances of it to happen are low though it is increasing because of what is happening right now globally. Like many are saying, profits are being made mostly in a bear market so if you have spare cash to use to invest then don't hesitate to use it right now. Now is an opportunity for us to buy coins at a discounted price. It happened many times already that Bitcoin and the crypto market goes up after a huge downfall. Just look at the 2018 "year of hell" where Bitcoin went down from $20,000 to $2,000 and then rebounded and the March Pandemic in 2020 where Bitcoin went from $8,000 to $4,000 and then rebounded months after.

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I think the bitcoin accumulation area of $29000 has been breached. so do not be surprised if bitcoin in these weeks will continue to decline to the area around $ 27000. and if area 27 is still penetrated then say welcome back to $ 20000. but I hope there will be a bounce from the current area. DCA is the best strategy for now. and even then for long-term investment.

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Quote from: Ibrahim60 on May 10, 2022, 01:01:07 PM

Today or tomorrow, people will realize the value of digital currency like Bitcoin. It is not the end of crypto and market will pump again. I think it is a good time for us to buy more in this bear market. People will adopt digital currency very soon even still now people are getting benefits of crypto.

Couldn't agree more with you, mate. People seem to be missing what makes crypto better than Fiat. It's not about the market price, but rather its utility as a censorship-resistant kind of money no one can stop. Bears may've brought crypto prices down, but blockchain networks are as alive and healthy as ever. If you value things directly in crypto instead of Fiat, you'll see what I'm talking about. Remember, 1 Bitcoin = 1 Bitcoin no matter what. The same principle applies to altcoins.

I'd advise anyone to take advantage of the current situation to buy as much alts as possible. Who knows if you end up doubling or tripling your money within the next bull market run? Just my opinion

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Quote from: Wildwest on May 10, 2022, 05:27:35 AM

The current decline in the price of bitcoin and altcoins is not completely the same as in 2018 and currently the value of bitcoin is still reaching 31k $ although there are currently problems with negative news spread but I believe this will not last long, but we will see the development in the future hopefully the value of bitcoin will increase again and can pass the value last year, Never panic to sell when experiencing losses because this is indeed common in the crypto world.

The price could be different, but the drop is similar and that is what people are talking about right now. The clear difference is we are a lot higher these days and I agree with that, there is no doubt that we would be having some differences because the price is 10x more than what it used to be.

Last time we dropped to around 3k levels and this time we dropped to 30k levels and that is 10x difference in the price and that is awesome if you are a long term holder like me. But at the same time, we nearly reached 70k at peak, and dropped to 30k so a lot of people are unhappy about the drop and I do understand that as well, that is not really a shock to me neither.

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Quote from: S3300 on May 01, 2022, 02:33:54 AM

It seems we are already in a bear market but how far can this go? A year or two just like 2018-2019? Or this is a short term bear market?

Yes, we are in the bearish market but we don't know if it will be like in 2018-2019 or not. The bearish season may be different from previously, crypto market is always unpredictable. I only think that it is clearly not a short team bearish, because there are some signs indicating a long bearish period. If you are aware, the prices of crypto coins always drop gradually. Most investors have stated that they are preparing their money for the bearish season, they are no longer expect for a green market. Because they realize BTC price drops drastically, it isn't a sign of a green market.

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Quote from: Pejoh Asu on May 10, 2022, 09:54:24 AM

About 4 days the price of bitcoin drops more than 18% and this makes me worry that the moment in 2018 will be repeated, almost the same as 2018 that I still remember is the price of dropping under $ 8000 in May and I sell all the bitcoin that I once bought At the price of around $ 14K, but I am optimistic that in 2022 it is different because there are already many real adoption that will make Bitcoin can survive.

as for now the price of bitcoin is in the area of accumulation where tesla bought bitcoin at a price of around $ 30,000 at that time. so that the support in this area still holds and looks strong because it is an accumulation area. it was proven from yesterday that a slight bounce continued to occur even though panic selling was still visible. but if the price of $ 30,000 is broken then be prepared in the worst possible area of 27,000 - $ 22,000. I hope this doesn't happen.

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I dont think, I think this year is the sunset of crypto, because millions people joining to it! A lot of influencers are PRing it!

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Quote from: alisonwonder on May 10, 2022, 11:53:26 AM

Quote from: Uang_kartal on May 10, 2022, 10:36:10 AM

regarding Bitcoin legal in several countries and more and more people will accept it I hope it's good news that can make bitcoin last, let's see the scenario. either day, week or month ahead we will go through with analysis

One of the most awaited is positive news to move the market in the previous stream, the market really needs a lot of support due to the impact of the decline in the crypto market. I predict a positive scenario in the future because before the bull market there will be a drastic correction. At least that's the old scenario that happened repeatedly until the current market conditions.

The condition of bitcoin has been corrected for a long time since 2021 until now, there are no bullish signs for the next quarter, the recovery that occurs is only temporary, and even then it has not reached the best price, in the near future I doubt that bitcoin will recover quickly, but in the long term I'm sure bitcoin will return to the right track, because Bitcoin has a different rate from other coins, so the opportunity to strengthen is much greater

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Quote from: Godday on May 10, 2022, 12:52:42 PM

Quote from: primexbte on May 10, 2022, 12:10:08 PM

We often say that ups and downs are the nature of crypto market. The market is now in a position where have the possibility to make a big dump

I think what caused bitcoin and altcoins to crash down and be in a bear market situation is because of the Fed's policy of raising interest rates and the global fear that people all over the world prefer to keep their assets in fiat currencies. . Because I see not only the crypto market but also the stock market experiencing the same thing.

Today or tomorrow, people will realize the value of digital currency like Bitcoin. It is not the end of crypto and market will pump again. I think it is a good time for us to buy more in this bear market. People will adopt digital currency very soon even still now people are getting benefits of crypto.

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Quote from: primexbte on May 10, 2022, 12:10:08 PM

We often say that ups and downs are the nature of crypto market. The market is now in a position where have the possibility to make a big dump

I think what caused bitcoin and altcoins to crash down and be in a bear market situation is because of the Fed's policy of raising interest rates and the global fear that people all over the world prefer to keep their assets in fiat currencies. . Because I see not only the crypto market but also the stock market experiencing the same thing.

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Quote from: Pejoh Asu on May 10, 2022, 09:54:24 AM

About 4 days the price of bitcoin drops more than 18% and this makes me worry that the moment in 2018 will be repeated, almost the same as 2018 that I still remember is the price of dropping under $ 8000 in May and I sell all the bitcoin that I once bought At the price of around $ 14K, but I am optimistic that in 2022 it is different because there are already many real adoption that will make Bitcoin can survive.

It's normal for bitcoin to get correction in the market, adoption this year is very different at that time, indeed everyone will feel tremendous panic when bitcoin is corrected for so long, especially for those who buy above the current price, but what we need to understand is Bitcoin now it has developed and I am very optimistic that in the future bitcoin will return to a green market

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Quote from: Grim149x on May 08, 2022, 10:00:49 PM

Quote from: S3300 on May 01, 2022, 02:33:54 AM

It seems we are already in a bear market but how far can this go? A year or two just like 2018-2019? Or this is a short term bear market? MMCrypto on youtube said that 30,000$ BTC is possible, if this do happens altcoins will bleed more than ever and this will unlock the beginning of the downfall of many altcoins.

idont know . May be yes or maybe not. But in my opinion if this year is a bearmarket maybe this is a short bearmarket. So many people investors know about crypto now ihope this is not a bearmarket its only a long correction and it will be bounce on the last support

I do agree that there is a good case to be made about the short bear market situation. When things crash this hard, it is rarely common for it to stay that way, I am guessing that the best case right now would be to make it go away as quickly as possible and ignore all these FUD callers. Just hold on, and wait for it and biggest possibility right now is the price getting super high.

I am not saying that it will happen 100% for sure, but that has been what we have seen from crypto for the longest time. I can't guarantee anything right now, but I can say that if future of the market follows the past, these crashes often end up being a super hyped increase eventually.

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