New bull market or new bear market ahead?

jaberwock

legendary

Activity: 2660

Merit: 1074

Quote from: traderethereum on August 21, 2023, 06:42:02 AM

I still hope to see another bull run in next year or 2025.
Even though it is still speculation, it is still hope for many people so that they can get big profits again.
But for this year it looks like we still have to see changes in the prices of bitcoin and altcoins and we have to be patient and stay calm.
And right now, we are still in a bear market and we shouldn't panic when a decline will still occur later.

What about this year mate? You don't like? But don't worry because I am sure a bull run is guaranteed next year and on 2025 as so many people are claiming the same thing. Hoping for it alone is useless. We need to make sure first that we are now ready and while waiting we can additionally buy, if we truly wanted to earn huge income.

If it's only about changes, it does happen from time to time. Some times the change is small that is hardly seen but lately the change is a major one (only in the negative direction though) but it must be a good thing for some who want to stock up more coins again or to those who just getting started.

Cadaver20

sr. member

Activity: 1540

Merit: 264

Next Generation Web3 Casino

Quote from: shitpost pioneer on August 19, 2023, 07:17:12 PM

What is your personal expectation?

I definitely expect a new bull market. Bitcoin is unable to cross the $30K resistance. I expect the market to be gradually bullish from the end of this year. Almost every bitcoin halving comes with a bull run in the market. I expect that this time too.

masulum

legendary

Activity: 2254

Merit: 1596

hmph..

Quote from: Joseph-P on August 24, 2023, 06:12:20 AM

While I dont entirely agree with your prediction of a constant decline for the rest of the year, I certainly dont see a bull market happening anytime soon. Just as you said, I think the next bull market will happen right after the bitcoin halving. Perhaps a little more of institutional involvement in crypto would be very helpful too.

Why did he say that currently it is still in the decline phase? Because, so far, BTC is below 50% from latest ATH. Even though BTC and some Altcoins are starting to show recovery, we are still in a bearish phase on a trend basis. So, maybe until the end of this year, BTC still can't reach the minimum price of 40K, to see the bullish potential. Halving is a pattern that often occurs when bullish comes, but this is still limited to predictions and market speculation based on history. Will it be the same as previous years? Nothing is certain yet, because it depends on market sentiment.

|MINER|

sr. member

Activity: 1232

Merit: 451

Vave.com - Crypto Casino

Quote from: shitpost pioneer on August 19, 2023, 07:17:12 PM

Right now, it is looking very bearish for our coins because recently, we had a big loss. Bitcoin and Ethereum almost dropped 10%.
But Bitcoin and Ethereum are still up from previous gains.
It is very difficult if we will have new bull market or new bear market ahead.
What is your personal expectation?

One of the difficult things in the cryptocurrency world is that to say what is going to happening in the future. So I want to say first of all that no one can say with 100% sure how the crypto market situation is going to be in the future. But in my opinion, since bitcoin halving is coming and if you look at the past history, the effect of bull run has been seen in the market every time after halving. So I would say that a bull run could come next after Halving. But before the halving, of course I would say A can be got some bear

fullhdpixel

hero member

Activity: 2828

Merit: 611

Quote from: traderethereum on August 21, 2023, 06:42:02 AM

I still hope to see another bull run in next year or 2025.
Even though it is still speculation, it is still hope for many people so that they can get big profits again.
But for this year it looks like we still have to see changes in the prices of bitcoin and altcoins and we have to be patient and stay calm.
And right now, we are still in a bear market and we shouldn't panic when a decline will still occur later.

We are not in the bear market right now because you can't just judge the market based on that single criterion of its losing value while people are still believing in it. When the market is in the bear run, the prices would not let you take any profit or sell your assets before they match the highlights. Also, you can't call it a bull run when the price goes up just a little bit and then stops right there because the prices keep going up during a bull run.

The market will obviously need to see a lot of changes in the prices of certain cryptocurrencies during this year since the halving event is expected to occur next year and the community is expecting something like the bull run to occur after the halving and not months before it arrives.

Hypnosis00

sr. member

Activity: 2422

Merit: 343

Quote from: shitpost pioneer on August 19, 2023, 07:17:12 PM

Right now, it is looking very bearish for our coins because recently, we had a big loss. Bitcoin and Ethereum almost dropped 10%.
But Bitcoin and Ethereum are still up from previous gains.
It is very difficult if we will have new bull market or new bear market ahead.

What is your personal expectation?

There is a big difference when saying it is looking bearish and being in a bearing situation. But then, I couldn't agree to any of the two because the current situation is far from the state of being bearish. In fact, you can compare the current price today versus the price last year and for sure, you can see something big different from it, and that is a bear season. But what it is happening these days is just a normal event in the market, it dumps hard and it recovers back as well. We can never see the price trend keep on high but instead, you can always see price corrections.

Joseph-P

newbie

Activity: 90

Merit: 0

Quote from: Dave1 on August 23, 2023, 01:34:26 PM

Quote from: masulum on August 23, 2023, 12:54:19 PM

Quote from: Wexnident on August 23, 2023, 09:22:34 AM

SpaceX dumped Bitcoin recently so the drop isn't anything unexpected, I reckon we'd have stabilized at the 25, 26k range right now and would once again go on sideways for a few weeks before another move (hopefully up back again). On the bullrun, I'm expecting it to happen a year to a year and a half from now, so still pretty far. I'm at that phase where I'm still steadily accumulating, so the dips every now and then are pretty much good favors for me since I can buy more coins in a low price (since I DCA).

Are you sure about your comment? So far, the news has only speculated about bitcoin crash few days ago conducted by SpaceX. Until there's financial reporting released by SpaceX, we will never know the reality. This might just be an issue created by the media to induce panic selling. However, if you have evidence that yesterday's situation was caused by SpaceX, i will believe it. If not, just wants to remind you, not too believe in media about crypto price, because they are very often spreading a FUD.

Yes, and so we are not sure why everyone is talking about Elon Musk or his SpaceX as the reason of the current dump. In any case, we are still in the bear market technically, and so that will remain for now.

If we are talking about a bull market then it should start right after the bitcoin block halving. So don't be surprised if we see the price continue to decline throughout the year, we are still in the bear market so we need to understand that and hopefully we shouldn't be listening to these FUD are Elon Musk and his supposedly selling out huge amount of bitcoin because this news is like a broken record already.

While I dont entirely agree with your prediction of a constant decline for the rest of the year, I certainly dont see a bull market happening anytime soon. Just as you said, I think the next bull market will happen right after the bitcoin halving. Perhaps a little more of institutional involvement in crypto would be very helpful too.

bluebit25

sr. member

Activity: 1666

Merit: 292

Eloncoin.org - Mars, here we come!

Quote from: bussybuddy on August 23, 2023, 12:50:07 PM

I totally agree with you, indeed this market is highly volatile, and most of our mistakes are lack of knowledge in the beginning and then lose patience and miss possible opportunities earn a profit.

Honestly, compared to the ATH it reached and the longer-term view, I believe bitcoin can one day also surpass the ATH or even speculate that $100000, so trust the research and the standard. Being prepared for things to happen even in a long-term downward price situation is an opportunity for us to accumulate knowledge and wealth.

Yep, lack of knowledge is a big cause of mistakes, and it's like a vicious cycle with experience, as well as the fact that I have some friends who have been exposed to this market quite early but they are still stuck of profit seeking, is influenced by the psychology of investment behavior during the market volatility, which is easy to FOMO according to the released news. And of course the truth is that I am also very optimistic about the future when the market will become bigger, and that journey will also have to go through difficult times for people to gradually accept this market.

justdimin

hero member

Activity: 3122

Merit: 672

www.Crypto.Games: Multiple coins, multiple games

Quote from: Odusko on August 22, 2023, 02:18:54 PM

We are in a dip correction cycle that can neither be called a bull market or a bear market since the price of Bitcoin which is the major market determinant has shaded off some good percentage of its price which forced other coins to follow the same market pattern so waiting for the next market approach, which could be in whichever ways this can possibly be one of the tough time for cryptocurrency investors who don't have the long term approach to their coins holdings and are only speculators for the short term market.

That is true, we can't really call it bear or bull, we can certainly not call it bull looking at the price, but we can definitely not call it bear neither even though it's down. Too many people call it going to be wrong because the reason they call it is because they see it go down but not all the price drops could not be considered bear market, that one is something that takes some time and I think we should be more careful about it for sure.

I get that it's not understandable to have it change anytime now, but it should not be simple neither. I get that it will be tough, but it should be ok to have it and we could be calling it just regular stuff without a trouble and we could make it work the way we want it to be.

Dave1

hero member

Activity: 1414

Merit: 542

Quote from: masulum on August 23, 2023, 12:54:19 PM

Quote from: Wexnident on August 23, 2023, 09:22:34 AM

SpaceX dumped Bitcoin recently so the drop isn't anything unexpected, I reckon we'd have stabilized at the 25, 26k range right now and would once again go on sideways for a few weeks before another move (hopefully up back again). On the bullrun, I'm expecting it to happen a year to a year and a half from now, so still pretty far. I'm at that phase where I'm still steadily accumulating, so the dips every now and then are pretty much good favors for me since I can buy more coins in a low price (since I DCA).

Are you sure about your comment? So far, the news has only speculated about bitcoin crash few days ago conducted by SpaceX. Until there's financial reporting released by SpaceX, we will never know the reality. This might just be an issue created by the media to induce panic selling. However, if you have evidence that yesterday's situation was caused by SpaceX, i will believe it. If not, just wants to remind you, not too believe in media about crypto price, because they are very often spreading a FUD.

Yes, and so we are not sure why everyone is talking about Elon Musk or his SpaceX as the reason of the current dump. In any case, we are still in the bear market technically, and so that will remain for now.

If we are talking about a bull market then it should start right after the bitcoin block halving. So don't be surprised if we see the price continue to decline throughout the year, we are still in the bear market so we need to understand that and hopefully we shouldn't be listening to these FUD are Elon Musk and his supposedly selling out huge amount of bitcoin because this news is like a broken record already.

masulum

legendary

Activity: 2254

Merit: 1596

hmph..

Quote from: Wexnident on August 23, 2023, 09:22:34 AM

SpaceX dumped Bitcoin recently so the drop isn't anything unexpected, I reckon we'd have stabilized at the 25, 26k range right now and would once again go on sideways for a few weeks before another move (hopefully up back again). On the bullrun, I'm expecting it to happen a year to a year and a half from now, so still pretty far. I'm at that phase where I'm still steadily accumulating, so the dips every now and then are pretty much good favors for me since I can buy more coins in a low price (since I DCA).

Are you sure about your comment? So far, the news has only speculated about bitcoin crash few days ago conducted by SpaceX. Until there's financial reporting released by SpaceX, we will never know the reality. This might just be an issue created by the media to induce panic selling. However, if you have evidence that yesterday's situation was caused by SpaceX, i will believe it. If not, just wants to remind you, not too believe in media about crypto price, because they are very often spreading a FUD.

bussybuddy

full member

Activity: 1190

Merit: 105

Enterapp Pre-Sale Live

Quote from: bluebit25 on August 21, 2023, 05:07:55 AM

Quote from: shitpost pioneer on August 19, 2023, 07:17:12 PM

Right now, it is looking very bearish for our coins because recently, we had a big loss. Bitcoin and Ethereum almost dropped 10%.
But Bitcoin and Ethereum are still up from previous gains.
It is very difficult if we will have new bull market or new bear market ahead.

What is your personal expectation?

We all understand the volatility of this market, anyway if we look back a bit we've had a pretty exciting time around the beginning of 2023, I think there will be a decrease and a correction around the mark $20000 or even deeper. However, in terms of long term and looking for profit opportunities, I think people in this market need a capital management strategy to maintain their investment in a long term way, a familiar fact here nothing goes up forever, nothing goes down forever .

I totally agree with you, indeed this market is highly volatile, and most of our mistakes are lack of knowledge in the beginning and then lose patience and miss possible opportunities earn a profit.

Honestly, compared to the ATH it reached and the longer-term view, I believe bitcoin can one day also surpass the ATH or even speculate that $100000, so trust the research and the standard. Being prepared for things to happen even in a long-term downward price situation is an opportunity for us to accumulate knowledge and wealth.

martinex

full member

Activity: 392

Merit: 130

PredX - AI-Powered Prediction Market

Quote from: tsaroz on August 23, 2023, 09:30:54 AM

Quote from: shitpost pioneer on August 19, 2023, 07:17:12 PM

Right now, it is looking very bearish for our coins because recently, we had a big loss. Bitcoin and Ethereum almost dropped 10%.
But Bitcoin and Ethereum are still up from previous gains.
It is very difficult if we will have new bull market or new bear market ahead.

What is your personal expectation?

This is a sideways market. Bitcoin has been moving between 20k to 30K for over a year now. Anything below 25K should be utilized as buy points.
After a bear and sideways movement around the low, it's no brainer to predict an upcoming bull. But no one is sure enough when would it arrive and whether we would get many other opportunities to buy bitcoin. A prediction is once we hit 41200 on bitcoin, we would move into a bull run. Till than it's wise to keep investing a part of your savings into crypto.

True, the movement of BTC so far can only be predicted. So, when it comes to rising or falling prices, it's always a surprise. Yes. what you just said is true, as a user and what is certain at this time is to continue to buy as long as the market is in conditions like this according to our respective abilities and prepare for all eventualities. if flying would be more fun.

tsaroz

legendary

Activity: 2982

Merit: 1069

Quote from: shitpost pioneer on August 19, 2023, 07:17:12 PM

Right now, it is looking very bearish for our coins because recently, we had a big loss. Bitcoin and Ethereum almost dropped 10%.
But Bitcoin and Ethereum are still up from previous gains.
It is very difficult if we will have new bull market or new bear market ahead.

What is your personal expectation?

This is a sideways market. Bitcoin has been moving between 20k to 30K for over a year now. Anything below 25K should be utilized as buy points.
After a bear and sideways movement around the low, it's no brainer to predict an upcoming bull. But no one is sure enough when would it arrive and whether we would get many other opportunities to buy bitcoin. A prediction is once we hit 41200 on bitcoin, we would move into a bull run. Till than it's wise to keep investing a part of your savings into crypto.

Wexnident

hero member

Activity: 2576

Merit: 666

I don't take loans, ask for sig if I ever do.

Quote from: shitpost pioneer on August 19, 2023, 07:17:12 PM

Right now, it is looking very bearish for our coins because recently, we had a big loss. Bitcoin and Ethereum almost dropped 10%.
But Bitcoin and Ethereum are still up from previous gains.
It is very difficult if we will have new bull market or new bear market ahead.

What is your personal expectation?

SpaceX dumped Bitcoin recently so the drop isn't anything unexpected, I reckon we'd have stabilized at the 25, 26k range right now and would once again go on sideways for a few weeks before another move (hopefully up back again). On the bullrun, I'm expecting it to happen a year to a year and a half from now, so still pretty far. I'm at that phase where I'm still steadily accumulating, so the dips every now and then are pretty much good favors for me since I can buy more coins in a low price (since I DCA).

Blitzboy

hero member

Activity: 1316

Merit: 561

Leading Crypto Sports Betting & Casino Platform

Like great societies, cryptocurrencies are based on trust. The current declines in Bitcoin and Ethereum are only a little blip in the big tale when trust weakens. Are you worried about a 10% drop? These are minor, short-term events.

How should you proceed? Wise folks HODL. Yes, hold on tight. But dont wait. Travel, learn, and change. The crypto industry changes quickly, so be patient and stay current. Think a "bear market" is coming? Maybe, but the ready, who learn and evolve constantly, will ride the next wave wherever it goes.

To address your query about my personal anticipation, look at the big picture instead than short-term confirmation. People who are patient, persistent, and accepting of turmoil make digital asset history. HODL, learn, and prepare. Dawn comes before a storm. The night before dawn is always darkest.

Questat

hero member

Activity: 2954

Merit: 605

Quote from: ultrloa on August 23, 2023, 05:41:31 AM

Normally it should be bear when you accumulate then sell it if bull market happens, but its hard to determine if we are in bear or bullish situation since there are times that we think that this is the final dip but turns out there will be more to come and we get trap with it.
Also there are scenarios that we expect the bull run came but it stabilize on certain price level so for this situation we need to be more updated on any situation so that we can do some good decision if the market is not going on the direction where we like to go.

Now, the situation is uncertain but for me, I don't see it going to again, no more $20k at this time as we are done already with it.
Till now, we don't have any assurance for the price to recover shortly but I know we are going that moment, yet it will take time to arrive.

What we gonna do for now is to keep calm and strong. I do not often check the market price because I don't want to think negatively about the current situation, so adjust and wait. As long as I'd never sell my Bitcoin, I'd never lose any.

ultrloa

legendary

Activity: 2758

Merit: 1228

Normally it should be bear when you accumulate then sell it if bull market happens, but its hard to determine if we are in bear or bullish situation since there are times that we think that this is the final dip but turns out there will be more to come and we get trap with it.
Also there are scenarios that we expect the bull run came but it stabilize on certain price level so for this situation we need to be more updated on any situation so that we can do some good decision if the market is not going on the direction where we like to go.

BitcoinWalker

full member

Activity: 127

Merit: 100

$Gangnam works hard, so you don't have to.

Bull then bear and then bull again - that's how market cycles work. The thing is nobody knows when a new cycle begins and how long the current one will last. Most successful people possess two qualities: they are patient and they know how to diversify their portfolios. These two things are easier said than done, however.

danherbias07

legendary

Activity: 3248

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

SEC is also not stopping so don't expect too much right now. While they are attacking a lot of cryptocurrencies like Binance and XRP, there will always be doubts in many investors' minds. So demand might not that be high but it is showing a good opportunity as an entry point for new buyers. This is a good chance to accumulate some Bitcoin while it's getting cheaper.
The bull, on the other hand, might be a slow and steady fight. Bitcoin ETF. Do check the news about that because it might be the spark that will make a wave of demand as time flies by and then most altcoins will be dragged by the upward motion of Bitcoin. Blackrock and Fidelity had made their moves and very soon many investment firms will be opening that fund.

Topic: New bull market or new bear market ahead? (Read 276 times)