Just how bad is the bear demand right now

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

Quote from: Kemarit on July 09, 2023, 05:13:32 PM

Just looking back though, the OP created this thread at the beginning of the year. Of course last November 2022 we have the lowest low, the bottom price at $15,500. So maybe the OP is just ranting or that's what the prevalent sentiments that time. Although at the end of January we have a upswing of like 40%++ so that is huge already that time.

But we continue, hard and grind and very painful and slow uptrend in the next six months or so. But after that look at where we at today, we've double what's the bottom price of this bear market. And we can say that the bear market is not that bad after all as it has given us time to accumulate and at the same time the experience specially for newbies could be eye opening. But at least with just another six months or more, we are going to survived it as we have the block halving and then the eventual bull run. So for everyone? just hang on tight.

What we do expect? People would be always having to say on the time that they are experiencing specially on a dumping market which it isnt really that shocking nor surprising because its a normal reaction on a market something like this on which it is really that truly that unpredictable. Bear market is really that a common cycle on a market on which it would really be just that normal that we would really be having that kind of condition since a market couldnt really be just uprising forever. There's always a correction or crashes on which its never something that new into this crypto space.

Instead on freaking out, it would be much more wise if you would really be having that kind of step on which you would be accumulating those coins while they are still cheap.
People do only make out such decision on the time that the market is already recovering which it would really be leaving out that kind of regret which is really that common.

Kemarit

legendary

Activity: 3080

Merit: 1353

Just looking back though, the OP created this thread at the beginning of the year. Of course last November 2022 we have the lowest low, the bottom price at $15,500. So maybe the OP is just ranting or that's what the prevalent sentiments that time. Although at the end of January we have a upswing of like 40%++ so that is huge already that time.

But we continue, hard and grind and very painful and slow uptrend in the next six months or so. But after that look at where we at today, we've double what's the bottom price of this bear market. And we can say that the bear market is not that bad after all as it has given us time to accumulate and at the same time the experience specially for newbies could be eye opening. But at least with just another six months or more, we are going to survived it as we have the block halving and then the eventual bull run. So for everyone? just hang on tight.

Ojima-ojo

hero member

Activity: 826

Merit: 481

Quote from: Paul Pogba on June 02, 2023, 09:04:17 AM

If we pay attention to bitcoin daily trading it continues to decline, especially since the presence of a stable coin which makes trading pairs for bitcoin increasingly less popular, people prefer a definite profit so they park their money in stable coins, and this is also what I usually do when the market has the opportunity to drop.

What do you have to say at this point and with the current Bitcoin price and how it intends to changeon a constant basis due to that instability bitcoin prices tend to go up and down regularly and when this thread was created, bitcoin was facing a major market crisis with FTX and the rest of it.

But even at that Bitcoin was able to make a price recovery to the current price there have been a lot of recoveries in the current price of above 30k.

MFahad

hero member

Activity: 2506

Merit: 645

Eloncoin.org - Mars, here we come!

Quote from: gunhell16 on March 05, 2023, 09:52:19 AM

It is really difficult to predict the exact value of bitcoin or any other cryptocurrency. And many are waiting for the bull run to return to bitcoin as well. Maybe when the bull run returns, more bitcoin holders are waiting for the bull run.

I have already missed two bull run seasons where I didn't even save or hide bitcoin and other cryptocurrencies, so this time I am making sure that I no longer have a zero balance because somehow I already have holdings of bitcoin and other cryptocurrencies too.

Individuals always learn from their past and so realize that in previous Bull season you did not get anything so surely you will get maximum amount of profit during coming Bull season and we all are waiting just for halving because the price will be more profitable than current one. All those individuals who used some amount in Bitcoin or other asset will definitely get benefit because every other coin is related with bitcoin so what will happen with bitcoin will definitely have same impact on other coins.

You have to just uses amount of money in Bitcoin and its does not matter that how much you utilize, its lower or higher does not matter because you will put that amount which you can. This is true that larger sum will have greater benefits but if you don't have large sum to put in bitcoin then less sum is enough because everyone cannot afford larger sum for investment.

rhodelmabanal

full member

Activity: 1140

Merit: 103

Buzz App - Spin wheel, farm rewards

Bear market is not new to use sometimes it is very bad and sometimes it is good,it is good because we can have an opportunity to have more coins in a very los price we can hold more good coin in a very small capital,it is sometimes bad because if we already by coins it can be down and it only depends on our patience if we dont have patience we will surely loss but if we have patience we will earn.

Bitcoin2009

member

Activity: 1050

Merit: 10

The market has continued to decline since the last 5 days, this of course makes us worried that the market will fall again below $ 20k, many people are too afraid to invest in crypto because there are so many FUDs spread on the internet, even a lot of FUDs are organized and seem to be funded haters.

Joshapat

sr. member

Activity: 1526

Merit: 255

The market is now making us often confused because when the price looks going up but what happens is the price decreases, at first I like to make Bitcoin for daily trading, unfortunately the current conditions are very difficult and I'm more focused on long -term hold, we are waiting for halving day and me Sure prices will increase 2 or 3 times than the current price.

Marykeller

hero member

Activity: 1064

Merit: 501

Quote from: Susano on January 23, 2023, 01:02:52 PM

Just how bad is the bear market right currently?

Is the Current Bitcoin Bear Market That Bad?

The current bear market situation in the second quarter of this year is not that bad when compared to the price of bitcoin last year. At least the price of bitcoin is presently bouncing between $26k and $30k, which is beneficial and provides an opportunity for investors who want to add additional bitcoin to their portfolio in anticipation of the bull run season or who want to temporarily adopt the DCA method.

Ngemmeng

full member

Activity: 1134

Merit: 100

SOL.BIOKRIPT.COM

Quote from: Desscount on June 04, 2023, 03:56:57 AM

demand in the 2021-2023 bear market is still not bad,
because the market cap of cryptocurrencies is also not relatively low compared to the 2017-2020 bear market,
indeed the price of altcoins is currently bad, but a lot of good news is starting to come making altcoin recoveries.

bad altcoin prices? which altcoins? I see that the price of ETH BNB and other major altcoins is still in normal condition, and the percentage increase or decrease in price is not far from bitcoin. I don't think we can say all altcoin prices are bad just because some altcoin prices have plummeted.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: Paul Pogba on June 06, 2023, 10:29:28 AM

The global economic conditions which are in recession are likely to be the cause of the decreased demand for bitcoins, but we must be optimistic that the beginning of 2024 will be a halving day which will increase demand so that prices can set new ATH records again, I'm sure the end of the year will be the start of a bull run.

I think we’re more likely to see a run up to the halving event and then a correction after as investors take profits. Usually takes a while before the big bull kicks off.

As for the thread topic, I’m shocked how much bullish demand there is at the moment with all things considered. I’m surprised we’re back above $27K again already.

GeorgeJohn

hero member

Activity: 1498

Merit: 711

"Play Poker on Telegram"

From my own understanding and observation in Bitcoin price I believe that bitcoin will not go higher than forty thousand [40k] this year in price and the falling of Bitcoin will not go below twenty thousand [20k] if we are expecting the price to go higher that should be in Year 2024 that will experience another bullish market in cryptocurrency so I believe that this is when we can have a bullish market but this is the actual periods whoever that is a good investor should we invest their money by buying bitcoin now and keep against the next bullish market off Bitcoin

Paul Pogba

member

Activity: 1232

Merit: 12

The global economic conditions which are in recession are likely to be the cause of the decreased demand for bitcoins, but we must be optimistic that the beginning of 2024 will be a halving day which will increase demand so that prices can set new ATH records again, I'm sure the end of the year will be the start of a bull run.

EarnOnVictor

hero member

Activity: 826

Merit: 641

Leading Crypto Sports Betting & Casino Platform

Quote from: pooya87 on June 04, 2023, 10:12:37 AM

All things considered looking back at the past 6 months I'd say the market has proven to be hugely resilient to all the sell pressure, manipulation or real. It is still the global economy that is creating a big part of that sell pressure and lack of buyers.

Talking about resilience, I will give Bitcoin this, because I never expected it to hold its ground this much during a bear market when the whole sentiment became obviously bearish. This is as the higher chart patterns and economic data that are so much pressuring the risk-on assets suppose to pressure it as well. Yet, Bitcoin has been dusting them off, which is very good proof of its stability.

Also, some experts, including myself speculate that it might reach around $20,000 before it would be greeted with a powerful Bullrun. I believe this should happen if it continues to hold below $31,000 between now and the first months of next year.

savetheFORUM

full member

Activity: 1134

Merit: 140

Quote from: CapGelatik on May 30, 2023, 12:33:08 PM

Quote from: naikturun on May 29, 2023, 10:53:26 AM

the current bear market I think is just as bad but what's more impactful this year, as it is accompanied by global world news that throws things out of control.
but anything else is getting crypto back up, just waiting for the good news to come out.

yes the bear market this time is the same as 2018-2020,
2021 is the beginning of the bear market and until 2023 and there is still no sign that the bear market has finished,
I don't know I'm still waiting for bullish, I heard the news that 2024 will start, is that true?

We are basically not in the bear market anymore since the price jumped from almost $18k to $31k after 2023 started, we might be in a correction at the moment and it might even get deeper but we can't really call it a bear market. There is actually not much buying pressure to support the market to go up and that is the reason why it has been so stable.

Speculations say that 2024 might be the year when the market will get into the actual bull market because of the events that will occur in it, especially the halving, and there will be large buybacks before the halving which will obviously push the market up.

pooya87

legendary

Activity: 3472

Merit: 10611

All things considered looking back at the past 6 months I'd say the market has proven to be hugely resilient to all the sell pressure, manipulation or real. It is still the global economy that is creating a big part of that sell pressure and lack of buyers. More specifically the recession that has been going on. The recession is also going to get worse ever since US decided to increase the debt ceiling, print more money while increasing the interest rate to manage the rising inflation!

Desscount

full member

Activity: 1386

Merit: 101

ComboLabs

demand in the 2021-2023 bear market is still not bad,
because the market cap of cryptocurrencies is also not relatively low compared to the 2017-2020 bear market,
indeed the price of altcoins is currently bad, but a lot of good news is starting to come making altcoin recoveries.

Wong Gendheng

sr. member

Activity: 1428

Merit: 252

Many people think that the market today often makes us drop, but we must be optimistic that the market will immediately rise again, don't say regret someday because the price skyrocketed and we do not buy when the price is cheap as it is today.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: Paul Pogba on June 02, 2023, 09:04:17 AM

If we pay attention to bitcoin daily trading it continues to decline, especially since the presence of a stable coin which makes trading pairs for bitcoin increasingly less popular, people prefer a definite profit so they park their money in stable coins, and this is also what I usually do when the market has the opportunity to drop.

I don't know what you mean by this? stable coins has it's purpose though, maybe we hedge our bitcoin on it to stop the bleeding. But as far as it's effect on the market? There is none, it's a good strategy to hedge but sooner or later you have to bring it out from stable coins and make some money.

Right now, the market seems to be on a good mood at it leapfrog above $27,000 again.

When we thought that June might be a slow month, who knows, maybe we can reach $29,000 as the top price. So let's see, the bear market is still going to last till next year, we should be patience and strategize and make a plan.

Republikcoin.com

legendary

Activity: 2716

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: Paul Pogba on June 02, 2023, 09:04:17 AM

If we pay attention to bitcoin daily trading it continues to decline, especially since the presence of a stable coin which makes trading pairs for bitcoin increasingly less popular, people prefer a definite profit so they park their money in stable coins, and this is also what I usually do when the market has the opportunity to drop.

If you usually do that when you are trading, why do you even think that other people are also doing the same thing as you are doing it? Because I never thought that other people would also do the same thing as you do when trading with Bitcoin assets even though the goal is to make a profit. And for those who park their assets into stablecoins, it is a very common thing to do before they start buying back other assets or the same asset, namely Bitcoin.

Because stablecoins are cryptocurrencies that are suitable for storing the value and profit we get so there is nothing wrong with using them when trading, but what you need to know is that stablecoins are not used for profit because their value tends to settle and the increase is not significant at all . So there's nothing wrong with decreasing the price of Bitcoin because Bitcoin already has many pairs on many exchanges and stablecoins have also been present in the market for a long time for pairs of many existing cryptocurrencies.

Paul Pogba

member

Activity: 1232

Merit: 12

If we pay attention to bitcoin daily trading it continues to decline, especially since the presence of a stable coin which makes trading pairs for bitcoin increasingly less popular, people prefer a definite profit so they park their money in stable coins, and this is also what I usually do when the market has the opportunity to drop.

Topic: Just how bad is the bear demand right now (Read 816 times)