Topic: Sweet sweet cry baby tears! Bitcoins long overdue bear market has begun! (Read 176 times)
May 17, 2021, 08:45:28 AM
facing summer, it doesn't seem as sweet as summer a few decades ago. in quite a crazy time, Bitcoin has given a new assumption that it is time to take a break. Regardless of the impact causing the current downturn, we realize that things will grow as Bitcoin returns with some strength but not to wait for Elon tweet. To be honest, he had been playing with prices at will.
May 17, 2021, 08:44:02 AM
It doesn't need to be a bear market for the price to fall down sharply, just as it doesn't need to be a stock market crash for a single stock to drop 20% in a couple days.
All it takes is a few institutional investors dumping a large portion of their holdings onto the market, which will naturally drive the price lower.
It doesn't mean the fundamentals of the investment vehicle have changed in any way.
Large investors can push the price all the way down below 10k if they really, desperately want to get rid of their bitcoin, even if it isn't profitable for miners to sell at this level.
After the investors are done dumping, the price naturally corrects to a level where miners get to pay off their electricity bills and ASIC investments.
If you are into Bitcoin for the long haul, why bother looking at daily fluctuations?
_______________________________________________________________________________ _______________________________________________________________________________ ________
Signature: Not here to beg with casino links. Only here to discuss the Bitcoin blockchain.
All it takes is a few institutional investors dumping a large portion of their holdings onto the market, which will naturally drive the price lower.
It doesn't mean the fundamentals of the investment vehicle have changed in any way.
Large investors can push the price all the way down below 10k if they really, desperately want to get rid of their bitcoin, even if it isn't profitable for miners to sell at this level.
After the investors are done dumping, the price naturally corrects to a level where miners get to pay off their electricity bills and ASIC investments.
If you are into Bitcoin for the long haul, why bother looking at daily fluctuations?
_______________________________________________________________________________ _______________________________________________________________________________ ________
Signature: Not here to beg with casino links. Only here to discuss the Bitcoin blockchain.
May 17, 2021, 08:37:02 AM
Thank baby jesus... a bear market. It's been so long, I've almost forgot what to do with myself.
If you want some good giggle... go check out the people crying on Twatter and Reddit.
Maybe Jack Dorsey or Mark Cuban will buy some "cheap" coins at $50,000 a pop... lulz.
It wasn't long ago Mark Cuban would rather have bananas than bitcoins. Gl investing with that twat sandwich.
If you want some good giggle... go check out the people crying on Twatter and Reddit.
Maybe Jack Dorsey or Mark Cuban will buy some "cheap" coins at $50,000 a pop... lulz.
It wasn't long ago Mark Cuban would rather have bananas than bitcoins. Gl investing with that twat sandwich.
Exactly, all the noobies that said this year BTC will be at 100K please go and cry, Bitcoin was already crashing when it reached 42K, if it's not for Elon Musk right now Bitcoin price would be between 10K and 20K, Bitcoin is not the future, other cryptocurrency's yes.
I don't think that the Bitcoin price rally is just because of Elon Musk's tweet" for me that was a very shallow notion, the bitcoin price increases are mostly triggered by institutional investors that pour a fresh capital into the market and not just because of Elon Musk tweets. But I agree that Elon's popularity can be used as a weapon to manipulate the price of a certain cryptocurrency like Doge because during that time it was so cheap, But Bitcoin is very different it was already a super expensive coin that's why it is not easy to manipulate its price. without costing millions or billions of dollars.
May 17, 2021, 07:53:59 AM
Can you tell us why you think BTC will reach $100k by the end of the year? Besides the leaked intel of such price at that time frame? What if the tides were turned around and BTC reached $10k - $20k by the end of the year? Then what?
Bitcoin still has plenty of room for exponential growth (with a few corrections along the way), before finally hitting $ 100k.If BTC drops to 10k - 20k, what you do is buy more at a lower price. Do you think if the price of bitcoin goes down, it won't go up? Bitcoin has been around for a decade and it keeps getting up all the time.
May 17, 2021, 12:47:21 AM
What if the tides were turned around and BTC reached $10k - $20k by the end of the year? Then what?
Then nothing, it's ironic that after 12 years of Bitcoin's existence and the quite explosive increase in price and adoption, people still come to focus in when the price dips or slips into a bear market. At the beginning of the 4th quarter of last year Bitcoin was less than $10k and it is currently above $40k, if you hold some you can use this opportunity to buy some more at a discount, if you do not hold some, you shouldn't take interest in the market movements as the holders understand its risk and potential (except of course you wish to buy).If you want some good giggle... go check out the people crying on Twatter and Reddit.
There is always panic anytime the price dips, especially by more than 10-20%, this does not indicate a bear market, and if it does a lot of holders are not bothered. May 17, 2021, 12:23:11 AM
to be honest I'm not yet sure that the bear market has arrived. in mid-2017, bitcoin experienced a very drastic decline until it finally jumped back at the end of the year and created a new ATH. I think that drama like that will repeat itself and that $ 100K will be made by the end of the year.
I also don't think there is a crypto bear market. The cryptocurrency market has been growing for almost six months with periods of small corrections. During this period, tokens such as Dogecoin have grown, which have no practical utility and actually pollute the market. Therefore, the market needs a good cleaning and it will be generally good for it.Now let's see how deep and long this correction will be, which, under certain circumstances, can nevertheless turn into a bear market at least until the fall. In the fall, in any case, I expect a second wave of cryptocurrency price growth.
May 16, 2021, 11:02:14 PM
Thank baby jesus... a bear market. It's been so long, I've almost forgot what to do with myself.
If you want some good giggle... go check out the people crying on Twatter and Reddit.
Maybe Jack Dorsey or Mark Cuban will buy some "cheap" coins at $50,000 a pop... lulz.
It wasn't long ago Mark Cuban would rather have bananas than bitcoins. Gl investing with that twat sandwich.
If you want some good giggle... go check out the people crying on Twatter and Reddit.
Maybe Jack Dorsey or Mark Cuban will buy some "cheap" coins at $50,000 a pop... lulz.
It wasn't long ago Mark Cuban would rather have bananas than bitcoins. Gl investing with that twat sandwich.
Exactly, all the noobies that said this year BTC will be at 100K please go and cry, Bitcoin was already crashing when it reached 42K, if it's not for Elon Musk right now Bitcoin price would be between 10K and 20K, Bitcoin is not the future, other cryptocurrency's yes.
Spot on! I couldn't agree more. However, I have to disagree with the part of BTC not being the future there
to be honest I'm not yet sure that the bear market has arrived. in mid-2017, bitcoin experienced a very drastic decline until it finally jumped back at the end of the year and created a new ATH. I think that drama like that will repeat itself and that $ 100K will be made by the end of the year.
Can you tell us why you think BTC will reach $100k by the end of the year? Besides the leaked intel of such price at that time frame? What if the tides were turned around and BTC reached $10k - $20k by the end of the year? Then what?
May 16, 2021, 10:48:02 PM
Not sure that I'd say we're in a bear market already, but I'd be fine with it if it were the case. I feel like I'm 5x more productive in bear markets lol.
At the same time, gotta filter out the weak hands one way or another I guess. So much DOGE and shitcoin investors flooding in lately that we need some spring cleaning.
Let's weak hands sell in May and go away. It is not a bear market that will last for years. The bearish time if we have been in, is only time of corrections. Corrections can last a few months but if they are in bull market, I don't call a few months of corrections are bearish time.At the same time, gotta filter out the weak hands one way or another I guess. So much DOGE and shitcoin investors flooding in lately that we need some spring cleaning.
Shitcoin like Dogecoin and other newest meme tokens that exploit the avatars and names of dog should be killed. To clean the market, to help newbies understand how the crypto market works. It is for a general healthy market.
May 16, 2021, 10:26:10 PM
Not sure that I'd say we're in a bear market already, but I'd be fine with it if it were the case. I feel like I'm 5x more productive in bear markets lol.
At the same time, gotta filter out the weak hands one way or another I guess. So much DOGE and shitcoin investors flooding in lately that we need some spring cleaning.
At the same time, gotta filter out the weak hands one way or another I guess. So much DOGE and shitcoin investors flooding in lately that we need some spring cleaning.
May 16, 2021, 10:02:20 PM
to be honest I'm not yet sure that the bear market has arrived. in mid-2017, bitcoin experienced a very drastic decline until it finally jumped back at the end of the year and created a new ATH. I think that drama like that will repeat itself and that $ 100K will be made by the end of the year.
May 16, 2021, 08:34:05 PM
Thank baby jesus... a bear market. It's been so long, I've almost forgot what to do with myself.
If you want some good giggle... go check out the people crying on Twatter and Reddit.
Maybe Jack Dorsey or Mark Cuban will buy some "cheap" coins at $50,000 a pop... lulz.
It wasn't long ago Mark Cuban would rather have bananas than bitcoins. Gl investing with that twat sandwich.
If you want some good giggle... go check out the people crying on Twatter and Reddit.
Maybe Jack Dorsey or Mark Cuban will buy some "cheap" coins at $50,000 a pop... lulz.
It wasn't long ago Mark Cuban would rather have bananas than bitcoins. Gl investing with that twat sandwich.
Exactly, all the noobies that said this year BTC will be at 100K please go and cry, Bitcoin was already crashing when it reached 42K, if it's not for Elon Musk right now Bitcoin price would be between 10K and 20K, Bitcoin is not the future, other cryptocurrency's yes.
May 16, 2021, 08:20:34 PM
Thank baby jesus... a bear market. It's been so long, I've almost forgot what to do with myself.
If you want some good giggle... go check out the people crying on Twatter and Reddit.
Maybe Jack Dorsey or Mark Cuban will buy some "cheap" coins at $50,000 a pop... lulz.
It wasn't long ago Mark Cuban would rather have bananas than bitcoins. Gl investing with that twat sandwich.
It matters for all those fiat wealthy people but it does not matter for bitcoin maximalists. It's always 1 : 1. If you want some good giggle... go check out the people crying on Twatter and Reddit.
Maybe Jack Dorsey or Mark Cuban will buy some "cheap" coins at $50,000 a pop... lulz.
It wasn't long ago Mark Cuban would rather have bananas than bitcoins. Gl investing with that twat sandwich.
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Hold your coin. When bull hits sell a portion that you need for the next few years for your living cost. Rest are still in hold. Bear market hits but you have enough cash to survive the next 5 years. Bull comes and again you sell a portion if needed or just hold! Bitcoin is not going anywhere.
May 16, 2021, 07:00:16 PM
Thank baby jesus... a bear market. It's been so long, I've almost forgot what to do with myself.
If you want some good giggle... go check out the people crying on Twatter and Reddit.
Maybe Jack Dorsey or Mark Cuban will buy some "cheap" coins at $50,000 a pop... lulz.
It wasn't long ago Mark Cuban would rather have bananas than bitcoins. Gl investing with that twat sandwich.
If you want some good giggle... go check out the people crying on Twatter and Reddit.
Maybe Jack Dorsey or Mark Cuban will buy some "cheap" coins at $50,000 a pop... lulz.
It wasn't long ago Mark Cuban would rather have bananas than bitcoins. Gl investing with that twat sandwich.
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