Time to buy! Bearish trend seem over. - page 2.

rickadone

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Quote from: hulla on November 11, 2018, 10:52:54 PM

Quote from: omonuyak on November 11, 2018, 02:20:56 PM

I have been following the trend for the pass three months as bitcoin hoving within $6700 and $6200. It seems the bear has no momentum to pull bitcoin down further and the bull are waiting for reasons that bitcoin should go up. The bottom is here and if you want to be among the next bitcoin's billionaires now is the right time to make that investment decision.

Youre somehow right because the market seems to be resisting the dump in price act but that does not proof that the bull run market will happen at anything giving moment and it does not proof we have reached the bottom price either because youre going the reach the bottom price when it December holiday.

Even though sideways market are like the toughest to ever predict on as the market could still end up moving either ways in the long run when the market eventually finds a clear direction, that is when we will really know if the bottom has been reached or not.

Although from all indications so far, it is still looking pretty good at least for now and for those who may want to be accumulating long. Not a bad idea as we have seen the support held several times for some reasons best known and with good bounces and volume, the bears look like they do not even have much strength anymore, so let's just hope and believe we are out of the bearish trend already.

flametoken

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"Time in the market is better than timing the market", as the old adage goes. For the average Joe, who doesn't have time to watch the markets all day, this is still true. So it's better to set you price points when you want to buy and buy then, so you don't miss the chance to buy in a bear market.

clrpod

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I am worried about the current level of optimism around here and elsewhere regarding the end of the bear market. If we pay attention to the old guidance of buying when people are most fearful and selling when they're greedy then it seems that we should be selling right now. Hopefully it's just because we are a smaller subset and are more clued up than others but I'm not so certain that is the case.

bitbunnny

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I'm not so sure that bearish trend is over. To my opinion there are not enough indicators on the market but still so far I have learned that Bitcoin can always surprise us.
No matter to that I think it's good time for buying because this phase will not last forever. It also looks like some big players are accumulating funds.
Also the new year is comming, who knows what might bring to Bitcoin so we have to be ready.

Pursuer

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Quote from: jimbo2000 on November 12, 2018, 04:39:21 PM

Quote from: omonuyak on November 11, 2018, 02:20:56 PM

I have been following the trend for the pass three months as bitcoin hoving within $6700 and $6200. It seems the bear has no momentum to pull bitcoin down further and the bull are waiting for reasons that bitcoin should go up. The bottom is here and if you want to be among the next bitcoin's billionaires now is the right time to make that investment decision.

Just because the bears can't pull the market further, doesn't mean we have to go up. The price has been steady for a while, so neither the bears or bulls have control. Eventually one will take over, there's no definitive reason it can't be the bears.

yeah but the difference is that the bears had their time for a many months this year and they pulled the price down nearly 70% and made their profit that way. there is no more room left for them to pull it any lower than this so it is time for the bulls to take over again. not to mention that bitcoin is always on a bull run even if it takes some steps back temporarily.

ethereumhunter

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I already buy many coins in the past few weeks and month, and I think right now, the price starts to increase because I see that my buying price is less than the price now. But I don't want to sell right now because I don't make a big profit Grin

I will sell when the price can increase double or so, and I think the time will come soon. But we don't know when the bearish trend will over because of the market still on up and down of the price, and maybe it will stay like that until the next month.

xIIImaL

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Quote from: candra raditya on November 12, 2018, 02:06:26 PM

Right now I just choose to hold on, patiently waiting for the market to increase so that I can save my assets from this decline.

The cryptocurrencies are depends on supply and demand of coins so many already buy some coins and hold our investment in silently. It is directly affect the crypto market because all the investors are simply hold the cryptocurrency and this will not move to forward in future so rotation is need for all the time. So this is the right time to invest in Bitcoin and altcoin if you have more money buy in this bearish market.

jimbo2000

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Quote from: omonuyak on November 11, 2018, 02:20:56 PM

I have been following the trend for the pass three months as bitcoin hoving within $6700 and $6200. It seems the bear has no momentum to pull bitcoin down further and the bull are waiting for reasons that bitcoin should go up. The bottom is here and if you want to be among the next bitcoin's billionaires now is the right time to make that investment decision.

Just because the bears can't pull the market further, doesn't mean we have to go up. The price has been steady for a while, so neither the bears or bulls have control. Eventually one will take over, there's no definitive reason it can't be the bears.

BitHodler

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Quote from: audaciousbeing on November 12, 2018, 02:20:10 PM

The point is, anyone that can afford it should go for it as every period comes with its own opportunity and not because there is no going down again or not.

As long as people dollar cost average their entry points, it doesn't matter at what price they buy.

Even if you bought near the all time high levels last year, if you bought the market down to where we are today, your break-even point is probably around $10,000 now, and will continue to drop as you accumulate below $7000.

I get it that people might not have all that much confidence in the market right now, but I would do everything I can to not make myself wait for the price to reach +$18,000 again to break-even. It's called torture.

It might take a few more years before the price breaks through its previous high, and when that happens you haven't achieved anything. If you buy now you'll be able to profit by the time, isn't that a solid deal?

audaciousbeing

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Quote from: omonuyak on November 11, 2018, 02:20:56 PM

I have been following the trend for the pass three months as bitcoin hoving within $6700 and $6200. It seems the bear has no momentum to pull bitcoin down further and the bull are waiting for reasons that bitcoin should go up. The bottom is here and if you want to be among the next bitcoin's billionaires now is the right time to make that investment decision.

To conclude that the bear does not have at momentum to pull price down would be an overreaching assumption because as at few weeks ago, the price was gradually going beyond the $6,500 and everyone thinks there bear was truly over and would have thought the same way before another pulling down happened resulting in $6,300 which price is currently recovering from and the hope is for it to be sustained. The point is, anyone that can afford it should go for it as every period comes with its own opportunity and not because there is no going down again or not.

candra raditya

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Right now I just choose to hold on, patiently waiting for the market to increase so that I can save my assets from this decline.

rickadone

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Quote from: omonuyak on November 11, 2018, 02:20:56 PM

I have been following the trend for the pass three months as bitcoin hoving within $6700 and $6200. It seems the bear has no momentum to pull bitcoin down further and the bull are waiting for reasons that bitcoin should go up. The bottom is here and if you want to be among the next bitcoin's billionaires now is the right time to make that investment decision.

Bearish trend hasn't been around for the past 5 months, it is not a new news to us, there hasn't been a significant fall in the price since June and we are still here talking about when the price will go up. Maybe it won't go up too much or even if it does maybe it will go up 10 months from now, no one really knows what will happen to bitcoin right now, we know it won't go down too much but maybe it may stay like this for a long long time, that is the risk people are afraid of taking.

Some people are already over with bitcoin because they got in when the price was too high and when they saw the price go down this much they decided not to follow it anymore and sold their standings and got out. I still keep my investments in bitcoin as much as I can but I do not know when it will go up too.

LFC_Bitcoin

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I’ve been HODLING since 2014, I haven’t bought any more since 2015 but this seems like a great opportunity. We’ve been going sideways for a good while now, I also think the bear market is over. This is the accumulation phase & for the first time in 3 years I’m going to start buying again today.

Pursuer

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Where is my ring of blades...

Quote from: hatshepsut93 on November 11, 2018, 04:34:45 PM

The end of bear market can be declared with certainty only when we'll have a bullish trend for a longer period of time, like a few months.

of course it is always easier to talk about price, trends and speculation when we are looking at the history! for example it is easy to call $200 in 2015 the bottom and end of bear market now that you are looking at the charts of all the time that has passed!
but doing it later is not worth anything. it is worth something if you could call it a bottom and a "good time to buy" at the time when price was at $220. like calling it now that price is $6200+

Wind_FURY

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OP, ssshhhhh be careful, the whale-cumulators might hear you. They hate you, the ordinary pleb, to be ahead of them, the manipulators of the market.

Plus when everyone believes that the "bearish trend is over", it is evidence that it's not over. We can never be ahead of "them".

Or maybe you are one of "them" trying to trick us again. Cool

pooya87

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the "bearish trend" has been over for a couple of months now!
you see changing between trends is always a transitional phase, it is never like flipping a switch to go from bull to bear and vice versa. and during this transition we always have some traders that remain in denial which means there is fluctuations. for instance when bear market was over there were still those who continued shorting and losing money while price never went lower than the bottom ~$6k. and now we are transitioning into a bull market with an accumulation phase.

hulla

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Quote from: omonuyak on November 11, 2018, 02:20:56 PM

I have been following the trend for the pass three months as bitcoin hoving within $6700 and $6200. It seems the bear has no momentum to pull bitcoin down further and the bull are waiting for reasons that bitcoin should go up. The bottom is here and if you want to be among the next bitcoin's billionaires now is the right time to make that investment decision.

Youre somehow right because the market seems to be resisting the dump in price act but that does not proof that the bull run market will happen at anything giving moment and it does not proof we have reached the bottom price either because youre going the reach the bottom price when it December holiday.

Yaunfitda

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Quote from: imapessimist on November 11, 2018, 05:48:15 PM

I cant see anybody buying at the moment. Far too uncertain. But if you had loads of money to dump and you fancied a gamble and can afford to lose well then maybe. But for any kind of investment then no way.

They are not buying because partly they are waiting for some sign of a bullish trend, but so far we haven't seen anything so I doubt that we will see the end of a bearish trend this year.

On the other hand, smart investors will look at it sideway trend as time to accumulate more. That is if more casual investors will see this, they might push the market a bit. But majority are very reluctant because most of them have been burned already.

gentlemand

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Quote from: hatshepsut93 on November 11, 2018, 04:34:45 PM

The end of bear market can be declared with certainty only when we'll have a bullish trend for a longer period of time, like a few months.

Does a bull market need to start for a bear market to end? There's often a yawning gap between the end of one and the start of the other which is why it's so hard to declare the end of a bear market. While it does nothing forever, people keep expecting it to fall. I certainly remember feeling that way in 2015 until it started showing some signs of life.

I dunno if this is a great time to buy. I am a bit more certain it's not a really terrible one.

imapessimist

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I cant see anybody buying at the moment. Far too uncertain. But if you had loads of money to dump and you fancied a gamble and can afford to lose well then maybe. But for any kind of investment then no way.

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