Just how bad is the bear demand right now - page 2.

Reatim

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Quote from: Rasa nanas on May 25, 2023, 08:09:29 PM

since playing crypto I have felt 2x bullish and 2x bearish, the first in 2017 and the second in 2021. but for me last year's bearish was much better than in 2018, why is that? bitcoin low price in bearish last year was around $17k and low bitcoin price in bearish 2018 was around $3500 (i kinda forgot).
besides that last year's market conditions also recovered slightly faster than in 2018.

Lol , you cannot compare about the price because the value is far different and the ath and atl are also different, but in my perspectives? What we can achieve in 2024-2025 will be far from what we have in those 2 mentioned bull runs.
And also that 17k ? What we can see is the coming increase and that is 100k .

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Quote from: Kadal Ijo on June 01, 2023, 11:59:49 PM

Current market conditions of course make us always curious, when the price is below $ 20k, and there is a large volume of transactions of course it makes us believe that users are waiting for cheap prices, and now the price is around $ 26k and I think it is a good time to buy, the best strategy when we want to profit in crypto is to buy on spot exchanges then set the price we have calculated profit.

If the price you are referring to is Bitcoin, it means that for now the price is back at around $27K. You can immediately see the market today if you still want to buy a certain amount, which you say that buying at this time is the best strategy by setting the profit target you want, because it's been almost a month the price of Bitcoin is still spinning at the same number without past $30K.

Quote from: GelatikKembar on June 02, 2023, 04:14:14 AM

The demand in the bear market is still very good, this indicates that $ 20k support is still very strong,
especially if you look at the market cap then you know that the current market cap is still above the market cap in 2018 and early 2021 before the new ATH bullrun,
so I think we are still given a chance to be in this bear market to accumulate cryptocurrency.

If you look at the strength of support for the Bitcoin price in the second quarter of this year, it is clear that it is still quite strong above $25K although it still looks difficult to break through $30K. But as long as the demand and supply are large enough under the current conditions, it is possible for Bitcoin buyers and holders to expect better returns in the third quarter of this year.

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Quote from: Rasa nanas on May 25, 2023, 08:09:29 PM

since playing crypto I have felt 2x bullish and 2x bearish, the first in 2017 and the second in 2021. but for me last year's bearish was much better than in 2018, why is that? bitcoin low price in bearish last year was around $17k and low bitcoin price in bearish 2018 was around $3500 (i kinda forgot).
besides that last year's market conditions also recovered slightly faster than in 2018.

You can't compare like that, we have ATH in bull season 2018 is only $20k but ATH in bull season 2021 is $68k. So you can't say that 2018 was worse than the bear season 2021, although you are correct that 2018 was actually worse than this year's bear season. Moreover, it is considered worse because 2018 was the first bear season for many people, and they were shocked when they first saw that sharp decline. As for this year's bear season, those who have experienced the previous bear season have prepared, so they feel quite light. I even feel that bear season is desirable because, after profit taking, we need to buy bitcoin at a lower price, and the bear season is that golden time.

Yaunfitda

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Quote from: adaseb on May 29, 2023, 01:03:37 AM

The crypto market now is highly illiquid. Hard to say if we are still in a bear market, we are either in bull or neutral. However after Ftx and all those market makers going bust there is low liquidity.

You don’t need to be a whale anymore to move the market pretty much. Look at the M5 charts and look at all the crazy wicks we are getting. They also differ depending on what exchange you are looking at.

Technically though we are still in the bear market, although since the OP had this thread in January, it's the start of what we call a recovery because in that month alone, the price goes up to 40% or more.

But I do agree that the influence of at least whales can simply move the market as what they have been doing years ago, maybe prior to 2017 bull run. The market now is very big and open that it will take whales to collude with each other to either move the price to either direction.

GelatikKembar

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Quote from: Kadal Ijo on June 01, 2023, 11:59:49 PM

Current market conditions of course make us always curious, when the price is below $ 20k, and there is a large volume of transactions of course it makes us believe that users are waiting for cheap prices, and now the price is around $ 26k and I think it is a good time to buy, the best strategy when we want to profit in crypto is to buy on spot exchanges then set the price we have calculated profit.

The demand in the bear market is still very good, this indicates that $ 20k support is still very strong,
especially if you look at the market cap then you know that the current market cap is still above the market cap in 2018 and early 2021 before the new ATH bullrun,
so I think we are still given a chance to be in this bear market to accumulate cryptocurrency.

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Quote from: traderethereum on May 31, 2023, 05:13:29 AM

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?

The bear market this time may be almost over because it's almost time for bitcoin to get a halving.
And with halvings that will happen, hopefully, this year will be the last year for a bear market so at the end of the year or the beginning of the year, we will see a bull market occur.
If that's true, we will be able to get big profits again like before because there are lots of potential coins that have the opportunity to increase greatly.
So we all don't need to worry about the current bear market and it's better just to prepare the coins so we can sell them at the peak price later when the bull market comes.

If that's true, how can we get big profits while we don't hold bitcoin in hand? I mean, people who are scared of the bear market won't invest and don't buy any bitcoins. So how will they get profit? On the contrary, if someone is happy and excited to live in a bear market because they have more time to accumulate bitcoin, then those people are the ones who really make big profits.
Instead of always questioning when the bear market will end, we should take advantage of it to collect as many bitcoins as possible. And let's ask another question, how many bitcoins will we have when the bulls come because our profit is from the bitcoins we hold?

Kadal Ijo

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Current market conditions of course make us always curious, when the price is below $ 20k, and there is a large volume of transactions of course it makes us believe that users are waiting for cheap prices, and now the price is around $ 26k and I think it is a good time to buy, the best strategy when we want to profit in crypto is to buy on spot exchanges then set the price we have calculated profit.

traderethereum

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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?

The bear market this time may be almost over because it's almost time for bitcoin to get a halving.
And with halvings that will happen, hopefully, this year will be the last year for a bear market so at the end of the year or the beginning of the year, we will see a bull market occur.
If that's true, we will be able to get big profits again like before because there are lots of potential coins that have the opportunity to increase greatly.
So we all don't need to worry about the current bear market and it's better just to prepare the coins so we can sell them at the peak price later when the bull market comes.

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Quote from: STT on May 27, 2023, 05:30:17 PM

I'd class it as about as extreme a sell as seen previously, we dipped below the 200 week average for quite a while which doesn't normally happen in a pullback. So it was a sell off not normally seen in most years that BTC trades, definitely qualifies as a reset. I thought we could go back to the 2019 prices but it didn't quite go that far, close enough really to qualify as in that area.

I think the sell off is caused by the people missing a rise like this because it's been so long since we are able to rise consistently. Other reason are the said economic problems like recession. People might be in a tight budget now or struggling a bit in terms of finances so they call a help temporarily in their investments which includes cryptos. There is no bear right now but the market is already in recovery phase this year. That is the reason why the demand is not that high as the real bear market which occurred last year.

Most of the demand right now is only coming from those late investors or newbies who feel confident to invest when they see a green market. Their numbers are not that big compared to those experienced investors who only invest in the proper time which is at the bear.

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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?

naikturun

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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.

adaseb

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The crypto market now is highly illiquid. Hard to say if we are still in a bear market, we are either in bull or neutral. However after Ftx and all those market makers going bust there is low liquidity.

You don’t need to be a whale anymore to move the market pretty much. Look at the M5 charts and look at all the crazy wicks we are getting. They also differ depending on what exchange you are looking at.

GeorgeJohn

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Quote from: Lida93 on February 01, 2023, 06:02:11 AM

There's what is called market behavior in economics and it's only those that understands the behavior of every market that can have the astute sight to see opportunity in bad moments of a market, so it all depends on how you view the market. It might be a bad one for you but to others there are opportunities to cash out from the situation.

In a normal circumstances its when the market is bad when a lot of people take advantages of it, I believe that bitcoin investment its during the bearish time when we have a better opportunity to invest in bitcoin, and likewise other manual businesses, during the bad time of the market when some utilities opportunity of making profits because the product might be scarce in the market, so relating it to cryptocurrency, investors like to purchase more cryptocurrency especially bitcoin when the market is against, so that when the market returns they make a surplus profit

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Quote from: JoyMarsha on May 28, 2023, 06:02:13 PM

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?

A beginner in the crypto industry can claim that the current bitcoin market is bad because he has observed how the price of bitcoin has fluctuated between highs and lows without going above a particular price point between $26k and $28k within some days or weeks. To them, that's how they see and understand the volatility of the crypto market. However, others who are familiar with the crypto market would argue that it is currently in a correcting phase and the DCA approach will be perfectly acceptable to use at this time or even start accumulating more bitcoin at a low price

Exactly, those who have a better experienced with how the market move will take this as an opportunity.

While for newcomer who only looking for quick benefits can conclude that the market is in a bad shape, there are pressures that may
really affect newbies to continue holding their assets.

But for people who are trusting the system, taking this current value as accumulating period can give them benefits in the long run
still good for investors and traders who understand the current situation.

JoyMarsha

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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?

A beginner in the crypto industry can claim that the current bitcoin market is bad because he has observed how the price of bitcoin has fluctuated between highs and lows without going above a particular price point between $26k and $28k within some days or weeks. To them, that's how they see and understand the volatility of the crypto market. However, others who are familiar with the crypto market would argue that it is currently in a correcting phase and the DCA approach will be perfectly acceptable to use at this time or even start accumulating more bitcoin at a low price

STT

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I'd class it as about as extreme a sell as seen previously, we dipped below the 200 week average for quite a while which doesn't normally happen in a pullback. So it was a sell off not normally seen in most years that BTC trades, definitely qualifies as a reset. I thought we could go back to the 2019 prices but it didn't quite go that far, close enough really to qualify as in that area.

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Quote from: doomloop on May 27, 2023, 05:51:23 AM

I don't see how the bear or the crash of 2021 was better than the one in 2018, you can't just see the bottom price of when the crash happened and determine which one was better or more severe. You need to see from what price it started crashing and where it reached at the end, if you look at it that way, you will know that the recent crash was more severe since it crashed from $69k to $16k.

And, we can still see the effects of the recent crash, we are yet to recover from it. The initial months of this year were pretty good in terms of market recovery, but then, it stopped again in the middle, and the price is declining again.

Actually, that's what it is, looking at the price at which it fell and eventually stopped at the bottom.
$69k-$16k seems very bad indeed, it's more than a 70% drop, but the 2021 drop is still not categorized as an extreme drop.

We are currently in a crypto market that is not good, there are many pros and cons as well as government involvement in influencing the price of Bitcoin.
The recent crash was a result of some policies on interest rate hikes and other issues.

To be able to recover from the current situation requires great strength so that bitcoin can rise.
It takes a lot of support from the community and some government roles so that crypto does not sink.

Price fluctuations are common, but price manipulation will have an effect.
Those who have money and power are able to do all the manipulation they want.

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Quote from: Z390 on May 26, 2023, 09:44:16 AM

This is exactly the same way that all new crypto investors feels when the market is in a bear situation, they always believe that the bear market is bad generally but they fail to understand that every bear market is a big opportunity.

those are the people that does not truly understand this market instead what they only wanted to see is the continues growth things that brings them to losing and crying the next day.

Quote

I believe that the opportunity we have today might not be available tomorrow, if more people start understanding crypto and get him into crypto the less the opportunities will be for investor like us so it is better to use this opportunity to your own advantage right now that is still available.

Dumping or bear market must be treated as opportunity to buy more instead of disappointment .
only losers see this in bad manner.

Quote

In few more years things can change drastically, the opportunities we see today might get so tinny tomorrow, remember that Bitcoin was once 1000$, those who failed to buy Bitcoin for 1000$ each must have thought that it's too costly.

actually we are only waiting for 1 year and things will change.

after the halving next year , good things will come to those who wait.

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Quote from: Rasa nanas on May 25, 2023, 08:09:29 PM

since playing crypto I have felt 2x bullish and 2x bearish, the first in 2017 and the second in 2021. but for me last year's bearish was much better than in 2018, why is that? bitcoin low price in bearish last year was around $17k and low bitcoin price in bearish 2018 was around $3500 (i kinda forgot).
besides that last year's market conditions also recovered slightly faster than in 2018.

I don't see how the bear or the crash of 2021 was better than the one in 2018, you can't just see the bottom price of when the crash happened and determine which one was better or more severe. You need to see from what price it started crashing and where it reached at the end, if you look at it that way, you will know that the recent crash was more severe since it crashed from $69k to $16k.

And, we can still see the effects of the recent crash, we are yet to recover from it. The initial months of this year were pretty good in terms of market recovery, but then, it stopped again in the middle, and the price is declining again.

Z390

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This is exactly the same way that all new crypto investors feels when the market is in a bear situation, they always believe that the bear market is bad generally but they fail to understand that every bear market is a big opportunity.

I believe that the opportunity we have today might not be available tomorrow, if more people start understanding crypto and get him into crypto the less the opportunities will be for investor like us so it is better to use this opportunity to your own advantage right now that is still available.

In few more years things can change drastically, the opportunities we see today might get so tinny tomorrow, remember that Bitcoin was once 1000$, those who failed to buy Bitcoin for 1000$ each must have thought that it's too costly.

Topic: Just how bad is the bear demand right now - page 2. (Read 816 times)