Topic: Several Phases of the Bitcoin Bear Market (Read 415 times)

Yes, and for us who have witnessed the bear market in 2018 after enjoying a very great year prior to that, it's really hard to imagine these waves of bear market. But I guess we all have matured during our crypto journey and we are again in a similar cycle.

So personally, I will just have to go with the flow and then accumulate. I will not panic similar to 2018 because I have felt and seen it already. But this time, I've learn that this is the right time to save and buy bitcoin because they are cheap and we just have to wait for the next bull cycle.

That's what I always say, there is a bigger risk in the crypto world but that also means that there is a bigger reward most of the time as well. Yes it could go from 68k to under 20k and that is the risk you are taking when you are facing bear market, but it could go from under 5k to over 65k as well which we had from 2020 to 2021 as well if you check from lowest to highest prices.

This is why we take the risk, we are not really dealing with anything that is serious right now because it's not volatile and it's around 20k a bit lower or higher but it's around there, but when the volatility hits it's going to be 100k and that's when people will realize why we are taking such a big risk.

People repeat what they did in the past and the market psychological cycle is repeated too.

https://medium.com/@KayodeOla/here-are-the-14-stages-of-the-psychology-of-a-market-cycle-from-beginning-to-end-66a832a0aa06

Cycle can be big like four year cycle but it can be small within each rise and fall wave. If you zoom in then zoom out, you can see past cycles from price to psychology. It is harder to predict what will be next, harder than look back past price and say it worked according to market psychological cycle.

Why not take a big risk? Isn't every big profit always balanced with the risk that everyone must understand?
Because without understanding the risks and only thinking about profits, regret can happen to them when market conditions decline and have to wait to get a return through an increase in the market. Especially if you say the crypto market is no different from other markets, which means you also have to read the opportunities by understanding everything that has happened in the market unexpectedly.

the crypto market is no different from other markets, it's just that it has high volatility, so speculators will prefer to invest in the crypto market considering it will be easier to get a lot of profit. when the market is bearish as it is today, don't let us regret in the future for not taking advantage of the opportunity to buy. what are we afraid of when investing in bitcoin, eth or bnb, I don't think it contains a big risk

This is a complete resume of real conditions in the crypto world, moreover related to Bitcoin. We can't deny it. That is why only certain people who already exactly know the value of Bitcoin that can survive due to this condition. Additionally, there are still so many FUDs that will never end.
We cannot blame new people who are coming to crypto and feel failed because their Bitcoin rate to the dollar has dropped during this bearish era. They think that they lost their money. However, in fact, we don't lose money if we don't sell the BTC, because if we are holding the BTC, we can keep them and hold them until the bullish era. We are sure because we beleive that BTC will always rise up in the next bullish and we trust the value of Bitcoin.

Although we actually don't know at what rate the lowest price and the highest rate of Bitcoin in certan times. But at least, if we keep holding the Bitcoin and wait for the Bullrun or a certain rate of the price, we will meet the rate as we expect. The key is patience, of course some other key elements of investment must be also implemented to have clear and promising investment

World economy is tied to bitcoin because both of them are tied to us. If the price of bitcoin goes up then that means we have money to buy it, if the price doesn't go up then it means we are selling since our money situation is bad. This also goes well with stocks or gold or oil or whatever as well. When we have no money to buy something and we need to cash something out, then we do it and the price goes down and same would apply to all markets.

This is why I believe that crypto is not so different from other markets. What its different for that it is decentralized, can't be regulated in a way to change the blockchain codes, and it is in a way free to roam however you want with your investments without SEC worrying you.

the silly thing is..
.. people still stupidly think that the stable, supported value of bitcoin belongs at the top. where they call the corrects a "crash" or a decline.


what people really need to remember is that the few days before the correction is the temporary event thats not sustainable. these unsustainable unstable events are the speculative bubble highs. the jumps before they can walk..

bitcoins price right now is at the great value area. not the premium. its where the price should naturally and slowly progress upwards

its not meant to be thought of huge leaps and stay up high and then cry if it comes down where people are screaming "why did it go down"

its meant to be a slow rise where people see temporary bubble spike and question why the high

its to expect progressive increase . where any large leaps up are the temporary event to take advantage of but expect the correction back to good value

Yes, you are right. Instead of listening to negative talk about Bitcoin, you should listen to people who understand the market better. Every time there was a bear market in bitcoin some people said bitcoin was dead which never actually happened. If one can invest in Bitcoin now and hold it until the market improves, one can profit.But there is no specific time when the market will be good. But I think you will not get such opportunity to invest in Bitcoin. Because Bitcoin is down a lot right now which will go up very soon. So if you want to invest in Bitcoin then this is the right time.

interesting topic,, in 2021 bitcoin experienced a very high price, and now the price has gone down. and that in my opinion is the impact of the sluggish world economy that makes people finally sell their bitcoins, or it can be called, many people take advantage of their investments because the market is bull. and finally the price of bitcoin fell because many were selling. and finally there is a bear market. now the existence of a bear market means opening up good opportunities for those of us who are interested in investing in bitcoin. and will hold it until one day there is a maximum profit.

Definitely everyone will want to take good advantage of buying at low in kther to sell high at later but we must not forget that it's never balanced in the sense that as one looses same is the potentials for having the tendencies to gain and this will be on how effective we understand the market strategies, many people have been here over years but no significant influence they came out with from the bitcoin rise and fall yet the rate of their losses is still more bigger than their profits realisation, why is because they don't understand the season to the moves on bitcoin price speculation.

I have personally experienced 3 bear markets now.
- 2020 Covid Crash
- 2021 Crash
- This current market

I can say that when there is no hope in the market, that's the time you start buying.
I am already half invested however I still think there is a little hope around, so I am DCAing a small amount of money.

Let's see how this one goes.

I was here in 2018 already so I have experienced that bear market and I would say seeing in the first time, I was really shock and I don't know what to do then. But we all survived our first and then added that experience on our shoulder. And yes, bear market is the perfect time to accumulate and increased our bitcoin holding. And as the cycle repeats itself again, then we should take advantage of it and not bitch around and complain that bear market is very bad. And please, don't listen to those who will tell that it's the end of bitcoin, because it's not.

Bottom price will be somewhere from $11,000 to $15,000 in my opinion and price under $18,000 a few days ago is a good discount enough to start accumulating Bitcoin.

If one investor believes in Bitcoin and believe it will reclaim and make a new all time high in next bull run, buying in a price range from $11,000 to under $20,000 is not much different. It would be a very good discount entry and in next bull run, many new Bitcoin 'investors' will hope that they can time-traveling to buy it in this bear market.

By believing, I mean truly believing based on comprehensive knowledge in Bitcoin and good experience with the market.

I would say that what differentiates previous cycles from this one is not so much the bear market as the bull market, at least for the time being. With the institutional investors that have come in, the price has only made a high of 3.5 times the previous ath, and all predictions fell short, including very sophisticated models like S2F.

If we have bottomed out in terms of price, this is not going to be one of the worst bear market cycles, but it is another matter if for some event we drop sharply downwards and break down the lows again.

 

And this is why we keep saying "Only invest as much as you can afford to loose", The only reason why anybody who invested in Bitcoin or any other crypto coin would panic upon a price decline is because they invest above what they can comfortably do away with, there are several people that invest all that they have hoping for a quick profit, and when this doesn't happen due to the price of Bitcoin going down, they begin to panic, and from there, they are forced to panic sell at a loss which is what we term as "Buying high, selling low".
I've been there before so i totally understand all this things  .
So to conclude, if only investors can learn to only invest as much as they can afford to look away from for a long time, there wouldn't be a lot of panic and panic selling anytime there is a retrace in the price of Bitcoin or any other crypto asset.

Thanks for sharing
the history has to be some indictaion

While not many people have been around to witness the 2011 or 2013 situations, I think most remember the 2018 fall and that it laster long with temporary successes. I just thought that maybe Bitcoin is mature enough to lose, say, 50% of its value, but not more than that. Apparently, it's not. The lows are of course getting higher after each ATH, but the percentage loss is still way too high. It just keeps falling down, and while sometimes a movement like this can be followed by a big jump towards recovery, I'm not sure it's happening soon. It doesn't seem like the bottom was reached because the price just keeps falling. And I really don't see any good reason for what's going on. But, well, we'll survive through this.

But the fact is nowadays, especially for beginners, they sell more and it's better to lose temporarily than having to wait This is a fact that is quite sad but indeed this is also understandable because sometimes many people find it difficult to learn this properly.

Talking about buying I am now paying off little by little and this is quite good in my opinion especially in the past few days but indeed I am also still waiting for something big to happen because I still feel that this fallout will happen for some time to come.

I agree to the last point in your paragraph because indeed this is not the time to Panic, on the other hand this is a pretty good thing to add to the load (if you still have spare funds) because this is another big discount coming but on the other hand it really isn't there is nothing wrong with becoming hodlers if indeed we are at a point where we experience losses there and never try to sell in this case, especially if you don't do research and can't do that, it's better to become hodlers, at least it's still very worth it it's to wait.

Expecting that some people are starting to get scared about buying during the cheap prices of Bitcoin. To be honest, if I only have a lot of extra funds, this level is my buying zone.
It's become a practice and cycle for me, even how dip the market will be and how the bear market will go or stay, we still can't guarantee it. Maybe some people are afraid because of very long waiting for their ROI which for me is normal if you are into Bitcoin, but the wait is worth it.

Adding up this link for some further read up
https://decrypt.co/91138/5-biggest-bitcoin-crashes-how-this-one-compares

Now we do have this current situation/condition on where we are almost on the floor in speaking with percentage drop.
Its not something new but there are still people who do really freaking out whenever they do see these declines and instead on seeing it as an
opportunity they do instead panic sell which is a dumb decision to be made.

These few days or even these few months it is certain that many bitcoin lovers have their hearts beating fast considering that the decline is always happening and the Bear Market is still being felt so many people who don't like bitcoin talk more than ever and people who are starting out in Crypto feel that their choice to be here was a big mistake.
This is indeed very reasonable because the decline continues to occur which automatically makes our Portopolio decrease in terms of Fiat but actually this is not a real decrease in bitcoin, only the value has changed which makes a lot of people panic now.
Early 2022 actually a lot of people hoped that bitcoin would become something very viable even many people speculated from the end of 2021 bitcoin will break through the $100k price but in this case everything seems to have to wait because indeed speculation can be right and not and now Bitcoin is corrected quite deeply because there are several reasons that exist in various parts of the world such as Fud, war, inflation etc. which makes bitcoin affected and continues to experience corrections there so that a lot of people, especially beginners, are willing to sell their assets out of panic even though it is certain that they have suffered losses.
But actually if we look at the history in bitcoin's decade of journey, this has indeed happened several times and if we think rationally, selling panic at the current price is definitely not the right choice because so many people say "Hodler is a Winner" It is true.
Noted several times bitcoin also experienced corrections like this even if compared to more severe than now but they bounced again and again which made many people especially long-time holders realize that this coin is more than Expectations.

Apart from today, I will summarize some of the events that previously happened related to Bearish so that many people realize that Bearish is not the end of everything.

1. 2011
If talking about Percentage maybe this is one of bitcoin's most severe drops because indeed this year bitcoin which originally cost $31-32 they shot down only $0.01 on the MtGox exchange with bitcoin trading around $ 2 in the previous few months which means they fell drastically of 99% which is certain this is a large percentage.

2. 2013
This year I saw several sources who said that bitcoin fell 2 times and could be called severe in its decline and indeed this happened when there were indeed many investors who were attracting crowds and this is also still happening in Mt.Gox which at that time bitcoin had to down 83%.
On the other hand, in the same year China began to act by banning its banks from handling transactions involving the virtual currency Bitcoin.
this decision arose because at that time Alan Greenspan, former chairman of the US Federal Reserve said that bitcoin's rise was too fast and this was like a bubble which worried them because bitcoin was not supported by any state or authority.
Even though this only applies to banks and individuals, they can still trade bitcoins by being aware of the risks, but clearly with prohibitions and regulations like this, bitcoin has decreased by approximately 50% there.

3. 2017
For 2011 and 2013 maybe not many people experienced this but for the year 2017-2018 it is clear that in this case it is certain that many have felt this downfall and here they did achieve ATH at that time but because there were so many people who reaped the benefits there which made them corrected back quite large and long enough that indeed a lot of people here have shared their memories here in several threads which makes this a worthwhile experience.

4.2021
This year bitcoin has become one of the most discussed topics, it seems because there has been a lot of talk from 2020 even because there are indeed many people who have been affected by Covid who have had to lose their jobs and livelihoods and have to stay at home due to a prolonged lockdown but on the other hand had to be demanded to get money so that their needs were fulfilled and bitcoin became one of the choices at that time so it did make bitcoin reach ATH only at that time, but after that happened not long ago a lot of FUD appeared like a frying pan. Environmental impact because there are many people who said bitcoin was not environmentally friendly and some FUD and Chinese news at that time made them plummet again and this is the first time I have felt such a tremendous downfall because indeed I have been in bitcoin since 2020 so I just felt like this.
From all the things that I have written, of course, we come to know that bitcoin is not something that is safe because there are indeed a lot of certain obstacles that have occurred that make their volatility cannot be called a safe investment material here, but on the other hand, when you already know such risks and we have seen some falls now of course we are aware that this kind of thing is bound to happen because every time there is a bull there must be a bearish and we are aware of that. So, indeed, for those who have bought at a high price, there is no harm in becoming Hodlers, if they do not know how to take advantage of opportunities and are still confused about reading the situation and doing research, then there is no need to panic and sell because Hodlers are not something to be despised.

As for those who still want to be here and who can take advantage of opportunities and have their own research, this also has an advantage because indeed this is another big discount and of course this must be used as best as possible so that we can taste something sweet at the end because of course investing is not There is an instant and current economic concept is to buy at the lowest possible price and sell at the highest possible price. isn't it like that?