Just how bad is the bear market right now?

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Quote from: Yamifoud on January 12, 2023, 04:33:28 PM

Quote from: Wakate on January 11, 2023, 05:17:58 PM

Quote from: upcomingdao on December 13, 2022, 11:49:12 PM

Just how bad is the bear market right now?
Historically low prices have endured for a longer period of time in the present bear market cycle than in any other.

That was how the bull market also lasted for a longer time when investors were very happy to hold random projects that made some random persons a real crypto millionaires and billionaires. When should not be too pessimistic about the current market now because everything has different time to happen. This bear market had not even lasted for 2 complete years and some persons had been very confused when the bear wood ever end or not. There are so many fud in the market now and I still don't know why many investors had been so depressed about it.

In the previous bear season, it takes almost 3 years before it recovers, maybe that still happens again in this cycle. We are still in the first month of this year 2023 and I expect a lot of changing will happen someday whether it will be a pump or a dump. But for me, I was expecting the bear season to stay the whole year of 2023. So I think we need to extend our patience and keep ourselves calm, we don't let our emotions burst out because this will also help the market to dump more instead of helping out to move high.

Bitcoin has surged to $23k, and many believe that bear season is over and bitcoin is on a rebound in search of a bull season this year. But I still believe that history will repeat itself, bear season will last 2 to 3 years before it really ends. As you said, we need to be patient and not get too excited when we see a bitcoin rally, things can reverse at any time. Honestly, I still can't believe we've bottomed or the bear season is really over, I'm still thinking about another crash in the future.

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Quote from: TheUltraElite on January 27, 2023, 06:02:28 AM

Quote from: bitcampaign on January 11, 2023, 05:34:45 PM

the current bearish market is no worse than the previous bearish market so it is still relatively safe, especially now that all crypto prices are gradually recovering, so buy a lot when the market is bearish, not sell cheap crypto that we have bought at high prices before

Currently it is recovering and now we can see prices in the 20k range once again. This was a prolonged bear market and those who have been mentally determined enough to stand through such times will emerge with profits in the next bill run.

It is important to note that bear market is the time to buy and keep the patience. The bull market is the time to sell. If you don't have the patience to keep up through these times, you will falter and lose money.

Going with the get rich quick mindset, you would lose.

I wouldn't call this prolonged bear market though, it is expected that even this year, it will still be technically called a bear market although we have seen the price going above $23k for bitcoin.

But I do agree that we should still continue with buying and holding at this point.

The market is still in bear market, prices way below from our previous all time high. And that the time to make a sell is during the bull market and not just to get a quick profit because of the recent spike in the price.

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Quote from: bitcampaign on January 11, 2023, 05:34:45 PM

the current bearish market is no worse than the previous bearish market so it is still relatively safe, especially now that all crypto prices are gradually recovering, so buy a lot when the market is bearish, not sell cheap crypto that we have bought at high prices before

Currently it is recovering and now we can see prices in the 20k range once again. This was a prolonged bear market and those who have been mentally determined enough to stand through such times will emerge with profits in the next bill run.

It is important to note that bear market is the time to buy and keep the patience. The bull market is the time to sell. If you don't have the patience to keep up through these times, you will falter and lose money.

Going with the get rich quick mindset, you would lose.

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Quote from: Wakate on January 11, 2023, 05:17:58 PM

Quote from: upcomingdao on December 13, 2022, 11:49:12 PM

Just how bad is the bear market right now?
Historically low prices have endured for a longer period of time in the present bear market cycle than in any other.

That was how the bull market also lasted for a longer time when investors were very happy to hold random projects that made some random persons a real crypto millionaires and billionaires. When should not be too pessimistic about the current market now because everything has different time to happen. This bear market had not even lasted for 2 complete years and some persons had been very confused when the bear wood ever end or not. There are so many fud in the market now and I still don't know why many investors had been so depressed about it.

In the previous bear season, it takes almost 3 years before it recovers, maybe that still happens again in this cycle. We are still in the first month of this year 2023 and I expect a lot of changing will happen someday whether it will be a pump or a dump. But for me, I was expecting the bear season to stay the whole year of 2023. So I think we need to extend our patience and keep ourselves calm, we don't let our emotions burst out because this will also help the market to dump more instead of helping out to move high.

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Quote from: Oilacris on January 11, 2023, 05:09:59 PM

Quote from: Furious 7 on January 11, 2023, 04:10:44 PM

True, as you said, many people are still focused on the short term, although not all but on average are like that, so they are a little panicked about the current conditions, especially those who focus on daily trading. But on the other hand, this is also not the first time that we should be aware that it is with fluctuations like this that bitcoin grows and what we have to do is remain patient and try to hold back so that we don't release the assets we have in our portfolio.

Not all would really be that having the patience and thats why its not surprising that not all would really be going for that long term and this is why they are really that serious and mindful
about on whats happening in the market today which is really that very bearish which it would be normal on creating that doubt and lose of confidence on making up investment.
The thing here is that you should be able to handle yourself well into this market despite on what condition or trend it would be.

When something like this happens it comes back to ourselves. Other people will not be able to control themselves because what comes from other people is just a suggestion and we can accept it or not. When I do panic I think this is a reasonable condition because it is clear that we will lose money when conditions are bearish like this but we also don't have to make panic a reason for us to go because of course we are here, we know the risks that will be obtained, the reason for panic and selling is just a classic excuse because we can make this not happen if we keep our heads up. and I also always tell myself we panic then sell then that means defeat and I don't want to lose in this case.

Quote

It might be looking that bad but we cant really expect that it would really be good always and there are indeed times that it do crashes and instead of freaking out
it would be better to look these things as opportunity for you to get in.

Our thinking should be more in that direction, instead of continuing to panic and keep selling when we are losing money, it is better to maximize this to increase our portfolio if we still have extra money.
Staying DYOR is important, but when you see the conditions for a big discount, there's actually nothing wrong with continuing to add more and more.

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the current bearish market is no worse than the previous bearish market so it is still relatively safe, especially now that all crypto prices are gradually recovering, so buy a lot when the market is bearish, not sell cheap crypto that we have bought at high prices before

ultrloa

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Quote from: Wakate on January 11, 2023, 05:17:58 PM

Quote from: upcomingdao on December 13, 2022, 11:49:12 PM

Just how bad is the bear market right now?
Historically low prices have endured for a longer period of time in the present bear market cycle than in any other.

That was how the bull market also lasted for a longer time when investors were very happy to hold random projects that made some random persons a real crypto millionaires and billionaires. When should not be too pessimistic about the current market now because everything has different time to happen. This bear market had not even lasted for 2 complete years and some persons had been very confused when the bear wood ever end or not. There are so many fud in the market now and I still don't know why many investors had been so depressed about it.

That millionaire word creates wrong expectation on some people because from thinking about that they fall on scams since they bought a wrong token then hold it. Some alts didn't pump back again when bear market occur so choose those potential alts which have good community support since if you bought trash tokens then you will go broke with that.

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Quote from: upcomingdao on December 13, 2022, 11:49:12 PM

Just how bad is the bear market right now?
Historically low prices have endured for a longer period of time in the present bear market cycle than in any other.

That was how the bull market also lasted for a longer time when investors were very happy to hold random projects that made some random persons a real crypto millionaires and billionaires. When should not be too pessimistic about the current market now because everything has different time to happen. This bear market had not even lasted for 2 complete years and some persons had been very confused when the bear wood ever end or not. There are so many fud in the market now and I still don't know why many investors had been so depressed about it.

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Quote from: jaberwock on January 11, 2023, 04:52:00 PM

Quote from: Valeriary on January 10, 2023, 04:11:29 AM

It wasn't too bad either. Spring seems to be a long time away. Maybe this is also an opportunity. Now you can choose the coin you are optimistic about, and 2023 should be no different from 2022. Don't use a year as a unit. You can invest in units of one week. However, everyone has their own investment methods. Find an investment method that suits you. This will save a lot of money and also get considerable profits. Trust the crypto market. The cryptocurrency market is the future.

Spring is not that further away, there is just 1.5 month away and that could be a lot better in the long run. I know that picking a coin would be a troubling thing but I am not entirely sure that's going to work out in the long run. It's much better to stay at something like bitcoin which would be a lot more amazing if you are asking me.

I have to say that it's going to be important to stay at bitcoin, and ethereum which would be good but then you are going to end up with a lot higher prices and profits at which point you could end up with a lot better results if you could focus your profits into smaller things to turn your profits into even bigger profits with a little bit of risk.

btc has proven time that it is one of the reliable cryptocurrencies to hold onto. we know that if anything happens, btc won't disappear just like many other alts. it may go down from time to time, but it will stay. and if there will be good news, expect that it will slowly climb up its price. just like what we are seeing right now. it finally surpasses the 17k mark and it seems improving again. it may be slow but at least we are seeing the market to be green.

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Quote from: Furious 7 on January 11, 2023, 04:10:44 PM

Quote from: freedomgo on January 11, 2023, 12:42:40 PM

Quote from: DeathAngel on January 10, 2023, 09:55:43 AM

Many people think the bottom could be in now, I am hopeful but not convinced. We are experiencing a bit of a relief rally currently. Bitcoin is back over $17,000 & some alts have risen as much as 25%.

I think stay vigilant, keep some cash spare because there is every chance we could still go lower. It’s still so difficult to tell where we are in the market & if the bottom is in. We won’t know for a while.

The thing is, people are just too focus on the market's situation right now and has forgot the fact that this is not the first time it happened, and surely, it won't be the last either. It's just a cycle that has been around since it was created, it may be the longest declination in the history of bitcoin but we're still blessed to have this kind opportunity to accumulate more before the market recovers because it will always recover.

True, as you said, many people are still focused on the short term, although not all but on average are like that, so they are a little panicked about the current conditions, especially those who focus on daily trading. But on the other hand, this is also not the first time that we should be aware that it is with fluctuations like this that bitcoin grows and what we have to do is remain patient and try to hold back so that we don't release the assets we have in our portfolio.

Not all would really be that having the patience and thats why its not surprising that not all would really be going for that long term and this is why they are really that serious and mindful
about on whats happening in the market today which is really that very bearish which it would be normal on creating that doubt and lose of confidence on making up investment.
The thing here is that you should be able to handle yourself well into this market despite on what condition or trend it would be.

It might be looking that bad but we cant really expect that it would really be good always and there are indeed times that it do crashes and instead of freaking out
it would be better to look these things as opportunity for you to get in.

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Quote from: Valeriary on January 10, 2023, 04:11:29 AM

It wasn't too bad either. Spring seems to be a long time away. Maybe this is also an opportunity. Now you can choose the coin you are optimistic about, and 2023 should be no different from 2022. Don't use a year as a unit. You can invest in units of one week. However, everyone has their own investment methods. Find an investment method that suits you. This will save a lot of money and also get considerable profits. Trust the crypto market. The cryptocurrency market is the future.

Spring is not that further away, there is just 1.5 month away and that could be a lot better in the long run. I know that picking a coin would be a troubling thing but I am not entirely sure that's going to work out in the long run. It's much better to stay at something like bitcoin which would be a lot more amazing if you are asking me.

I have to say that it's going to be important to stay at bitcoin, and ethereum which would be good but then you are going to end up with a lot higher prices and profits at which point you could end up with a lot better results if you could focus your profits into smaller things to turn your profits into even bigger profits with a little bit of risk.

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Quote from: freedomgo on January 11, 2023, 12:42:40 PM

Quote from: DeathAngel on January 10, 2023, 09:55:43 AM

Many people think the bottom could be in now, I am hopeful but not convinced. We are experiencing a bit of a relief rally currently. Bitcoin is back over $17,000 & some alts have risen as much as 25%.

I think stay vigilant, keep some cash spare because there is every chance we could still go lower. It’s still so difficult to tell where we are in the market & if the bottom is in. We won’t know for a while.

The thing is, people are just too focus on the market's situation right now and has forgot the fact that this is not the first time it happened, and surely, it won't be the last either. It's just a cycle that has been around since it was created, it may be the longest declination in the history of bitcoin but we're still blessed to have this kind opportunity to accumulate more before the market recovers because it will always recover.

True, as you said, many people are still focused on the short term, although not all but on average are like that, so they are a little panicked about the current conditions, especially those who focus on daily trading. But on the other hand, this is also not the first time that we should be aware that it is with fluctuations like this that bitcoin grows and what we have to do is remain patient and try to hold back so that we don't release the assets we have in our portfolio.

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Quote from: CapGelatik on January 11, 2023, 05:42:22 AM

Quote from: rozak on January 11, 2023, 03:18:33 AM

Quote from: Valeriary on January 11, 2023, 03:13:48 AM

Don't be pessimistic.

bear market this time is quite long. those who now think pessimistically are of course beginners. but those who are experienced, see opportunities of course. but that's not enough. because those who are patient and believe in market potential are the winners. long bear markets of course frustrate a fair number of new investors. try to come out with a loss and switch their investment to another plan with different assets.

When a bear market lasts a long time, of course beginners tend to worry about market conditions like that and that for me is normal,
their experience is still little so that's what happened,
they need to learn and try to take advantage of this bear market to make a profit.

For beginners of this kind of bear market will be a very valuable lesson for their future in the world of cryptocurrencies like this. Yes, this way they will definitely realize that the market sometimes moves downwards and doesn't always make you smile with higher price movements. This can be their experience to be more careful when entering the market.
Their worries are natural, it is very true because they don't have much experience with bear markets. But when they face the next bear market they can make more appropriate moves to take advantage of the bear market that occurs.

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Quote from: DeathAngel on January 10, 2023, 09:55:43 AM

Many people think the bottom could be in now, I am hopeful but not convinced. We are experiencing a bit of a relief rally currently. Bitcoin is back over $17,000 & some alts have risen as much as 25%.

I think stay vigilant, keep some cash spare because there is every chance we could still go lower. It’s still so difficult to tell where we are in the market & if the bottom is in. We won’t know for a while.

The thing is, people are just too focus on the market's situation right now and has forgot the fact that this is not the first time it happened, and surely, it won't be the last either. It's just a cycle that has been around since it was created, it may be the longest declination in the history of bitcoin but we're still blessed to have this kind opportunity to accumulate more before the market recovers because it will always recover.

Pierre 2

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I think we are very close to the end of bear market. Whenever I enter bitcointalk or twitter all I see is hopelessness. I think its a proof to end. People always quote "buy when there is blood on street", and its very accurate quote. Crypto markets are in very bad shape now. Year ago I had many friends trying to buy altcoins. Now no one left asking a single question about crypto. Consider this as investment opportunity. I think next year february we will see Ethereum in far better position. This is my take about alts.

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Quote from: rozak on January 11, 2023, 03:18:33 AM

Quote from: Valeriary on January 11, 2023, 03:13:48 AM

Don't be pessimistic.

bear market this time is quite long. those who now think pessimistically are of course beginners. but those who are experienced, see opportunities of course. but that's not enough. because those who are patient and believe in market potential are the winners. long bear markets of course frustrate a fair number of new investors. try to come out with a loss and switch their investment to another plan with different assets.

When a bear market lasts a long time, of course beginners tend to worry about market conditions like that and that for me is normal,
their experience is still little so that's what happened,
they need to learn and try to take advantage of this bear market to make a profit.

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Quote from: Valeriary on January 11, 2023, 03:13:48 AM

Don't be pessimistic.

bear market this time is quite long. those who now think pessimistically are of course beginners. but those who are experienced, see opportunities of course. but that's not enough. because those who are patient and believe in market potential are the winners. long bear markets of course frustrate a fair number of new investors. try to come out with a loss and switch their investment to another plan with different assets.

Valeriary

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Don't be pessimistic. Maybe now is also an opportunity. A lot of people pay attention to the crypto market because a few things get magnified and affect the price of coins. However, the coin price will rise after the cycle passes. Many who miss this opportunity will regret it. Many people who leave the crypto market will come back again. All people can do is to stop losses in time, and any decision they make will also be considered.

DeathAngel

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Many people think the bottom could be in now, I am hopeful but not convinced. We are experiencing a bit of a relief rally currently. Bitcoin is back over $17,000 & some alts have risen as much as 25%.

I think stay vigilant, keep some cash spare because there is every chance we could still go lower. It’s still so difficult to tell where we are in the market & if the bottom is in. We won’t know for a while.

Valeriary

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It wasn't too bad either. Spring seems to be a long time away. Maybe this is also an opportunity. Now you can choose the coin you are optimistic about, and 2023 should be no different from 2022. Don't use a year as a unit. You can invest in units of one week. However, everyone has their own investment methods. Find an investment method that suits you. This will save a lot of money and also get considerable profits. Trust the crypto market. The cryptocurrency market is the future.

Topic: Just how bad is the bear market right now? (Read 1050 times)