Topic: New bear market? (Read 1682 times)

That's the problem, the long-term bulls in bitcoin don't care about charts, TA, or anything like that... they think Bitcoin can only go up in the long run no matter what.  As somebody else said in another thread earlier, the big trading whales are:

• Trying to manipulate a quick buck out of the market
• Waiting for a chance to get out

With the last bubble many everyday people got in that weren't in the previous ones, so you can hardly look at the past performance and say it's bound to happen again.  We have a lot of bagholders from 1k+, and as soon as we go up any decent amount some investors are going to want off the ride.

I think in the end we'll bounce up and down in this range for quite a while, still volitile as hell but not a long-term market like we've been used to in the past.  The faithful Bitcoiners will be the ones that stick with it at the end of the day, moving the price on whatever drama may be going on within our little world...

I believe that Bitcoin is about more than just money, but about testing out something new... seeing what happens when you have an economy without any control over the money itself.  That said, it seems simply ridiculous to think that banks will become obsolete by this and we'll take over the world.

Can we use the technology and Bitcoin itself to do some amazing things?  Absolutely, but that doesn't mean the market is only going to go up forever... we simply offer an alternative to what's out there now, and whether people choose to use that alternative is what drives the price.

/preach

I see broken bull trends everywhere  

My challenge to you; Find one trend line that has more than 2 touches that reaches back to the beginning and has the price above it now

Daily trend is down.

Spot is well below daily 30 MA.

Only on weekly can the case be made that we are still in upward trend.....but that is showing signs of correcting down as well.


As I already stated, I believe we still have way higher than $500 BTC to go.......but BTC will feel the fear prior to anymore upside.

No way we are already going back into bear market mode.. The bull market has hardly started and the trend is still upwards.

Graphs are really nice and always show what the poster wants to. How about you make a graph from the start to now and see what kind of trend bitcoin is making..

That pump was a test of the market reaction for what is coming. The market manipulators will feed off the emotion of a halving frenzy. There is no ceiling on where it will go.

As with any other commodity, what is generally the lowest price that Bitcoin can go to, before it is no longer worth the producers (miners) while bringing the product to market? I believe with BTC, the big mining farms can knock out 1 BTC for an average price of around $200 +/- $50.

BTC has spent a whole year oscilliating around this price point. How many stories/reports you heard of "I used to mine BTC; but after the price sank below $400, it just wasn't worth it, so I sold my mining gear"?

The big Chinese Miners, have driven Bitcoin into the dirt and held it there, whilst all the 'weak hands' in the mining game have folded their hands, as have plenty holders of BTC. It is patently obvious to most people interested in BTC, that the market is totally dominated from China. So 'they' have control of the market, and with the BTC halving event 6 months on the horizon, and for arguments sake, the average cost of producing 1 BTC is going to rise from $200 to $400, what must by definition happen to the price?

Naturally, 'they' are going to want as few of the trading public buying into BTC down near the bottom of the pole as possible, cos 'they' want the public to be charging in at $600+ and this might be one of the reasons why it is certainly going to seem to many as though Bitcoin is in a bear, and why it is a near surefire certainty that $352 will be punched right through soon enough......that will cause a lot of panic, doom n gloom for sure, question is, at what point down below will 'they' be scooping up all the panic dumped BTC?

BTC has become a cash cow to Chinese Bitcoin Cowboys and a great means of getting wealth out of CNY and into USD. They have hijacked it, they are the controlling faction, it is in their interests to keep the whole racket afloat and they will keep it afloat, fleecing dumb western traders and Joe Public every step of the way with their totally manufactured market manouevres, designed to ensure the majority, always does the wrong thing. This is another reason why I think we can safely disclude any new ATHs from being hit anytime in the near future. BTC isn't being run as a one off massive pump n dump scheme, but a pump n dump farming operation, up, down, up, down, up down, as we are already seeing, she shall be sure to go...........I reckon it will tag $1000 later this year......after that point, we will be back in a 'bear market'.

as long as i get to buy more sub 350$ bitcoins; by all means, let the bears enjoy...
we'll see what'll happen, with the price, once the hardfork blocksize issue is resolved and halving approaches. 

i'm calling this too, either that or accumulation phase, which already occured with those two mini pump sub 400, now stagnation until the next pump

Aw,  man. I wish someone had told me that. I would've enjoyed it more. So this year's yet another washout. Ho hum.

depends a lot if we break 350.

People will get depressions again if this happens. Next Bear cycle would be very likely then.

bitcoin chaos when no halving pump comes.......... 

how many times have i read about the halving pump.... holy hell

NEWS FLASH, THE HALVING PUMP HAPPENED 2 MONTHS AGO.... GET OVER IT

Bear trap before halving pump in a few months.

Do we even need the duck thing to write anything? Surely its very existence is confirmation enough. As long as it breathes we all know where this thing is going.

lol

Does anyone have any info about the bomb threats being called in malls, schools, etc populated areas globally?

But I suppose we'll have to wait until his research team gets back from lunch. 

Personally, I'd be just fine with bitcoin staying at this level for a while or even going lower.  But I would prefer it not drop back below $200, because that would sour a lot of folks on bitcoin and it'd be somewhat demoralizing.  It's resilient, though, so likely we'd bounce back.

Then again if it shot to the moon right now I would not complain.

Correct, because the run up could have been a bull trap in the first place.

Another thread full of shill posters and people who are mad they didn't buy at $200 before the price went up.  Only reason the price is going down is due to potential hard fork.  Once the fork is resolved one way or the other, then I'll be buying back in.  Until then, I guess the price will go down, but it will instantly go back up after it's resolved.  Nobody holds coins through a potential contested fork.

Let it drop. All those new Antminer S7 buyers are going to pay with their blood. Noobs are going to find out the truth one way or another. There's no 1k bitcoins, EVER. There's no 1m bitcoins, EVER and EVER. There's the whales and there's the bag-holders, which one are you going to be? Answer is CLEAR, if you're not a whale by now, you will always be a bag-holder.

Yes if  bitcoin will break support level,than we can go  even to 280$   together with small panic.I think that debate  about  block scale creating confusion