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Topic: Too blind to see (Read 575 times)

hero member
Activity: 2478
Merit: 512
Leading Crypto Sports Betting & Casino Platform
June 13, 2021, 02:40:03 PM
#72
You cannot be called right or wrong. Because we all know crypto is a market and no one can say what happens in this market. I think if there is any good news today then your comment will be proved wrong. Again, if the market continues as it is now, your comments will prove to be correct. So nothing can be said in advance
And if the market suddenly experiences another spike in the near future, then who will be blamed and justified in this? because basically there is nothing to blame personally and nothing to be justified in general for market terms.
hero member
Activity: 2128
Merit: 530
PredX - AI-Powered Prediction Market
June 13, 2021, 02:03:42 PM
#71
I don't think we are heading for bear market, this is a major correction and the market is overdue for this, 65% drop is huge and most people new to the space may misunderstand this and think we are heading for a bear market, just look at the huge amount of funds that has been raised last month and this month, you can't raise huge fund like this in a bear market. This is the time to research and hold good projects you believed in
sr. member
Activity: 1610
Merit: 264
June 13, 2021, 11:41:37 PM
#66
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Too soon to tell. I read news in Facebook that some even speculate that it could still go around by 200k-ish when the bull run starts again.
Bull's exhausted right now so give it a break for now and take the opportunity to buy more Bitcoin. Moreee Bitcoin.
hero member
Activity: 1778
Merit: 746
June 13, 2021, 11:30:10 PM
#65
well, we are indeed in a bear market, if we see a fairly high ATH. however, currently the bitcoin price is still stable in the range of $35k to $39k, and we still don't know if the price will drop further, or rise again. Personally, I'm aware that the bitcoin price is still in a bear market, and I hope the price will soon exceed the $40k range.
full member
Activity: 798
Merit: 104
June 13, 2021, 08:28:54 PM
#64
We are slowing going into bear market and many still don't realize this because of those 10% gains which makes the market looks bullish again but looking at the big picture it's clear that bear are slowly taking over, am I wrong?


IMO If its slow and keep recover, it wasnt a bear then right? I just think this phase happens because of many fuds come to us while the bull not end yet, so enjoy another accumulating phase.
I guess that is true the bull is not yet over and we still have to enjoy more surprising price increase for this month. Thus, one reason that makes the market gain a lot of speculation that pushes the crypto world  more interesting is the adoption of bitcoin in el salvador as a legal tender.
full member
Activity: 546
Merit: 105
June 13, 2021, 06:35:14 PM
#63
We are slowing going into bear market and many still don't realize this because of those 10% gains which makes the market looks bullish again but looking at the big picture it's clear that bear are slowly taking over, am I wrong?

IMO If its slow and keep recover, it wasnt a bear then right? I just think this phase happens because of many fuds come to us while the bull not end yet, so enjoy another accumulating phase.
hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
June 13, 2021, 04:26:29 PM
#62
As far as I can see,  bearish sentiment persist in Cryptocurrency so far!  It has been happening since end of April and this should not be a news.  When will there be a reversal?  may be very soon as market has not fully get to it's price potential!  Bitcoin could still be $100k and ether could be $10k this year!
Yes, hopefully that can be achieved in the near future, because if Bitcoin can penetrate $100K for onen  unit and  Ethereum can be at $10K in one unit, I'm sure there will be many people who are profitable and some will always praise Bitcoin and Ethereum for that time.
Bitcoin and ethereum will surely go hand in hand so if bitcoin reaches new ATH, the other coin has all its possibility to reach new ATH too. I think most of the coins will do the same once bitcoin is in a peak.

The present market condition is definitely in a bearish season but even if we see prices in dips, there's no need to worry because if we closely think of it, bearish season will always be a perfect time to add potential coins in our portfolio. People may worry when they see their investments falling this time but didn't realize that after this, huge profits are waiting if we just grab this chance to accumulate more cheap bitcoin and hold them for years.
hero member
Activity: 1386
Merit: 731
Leading Crypto Sports Betting & Casino Platform
June 13, 2021, 03:49:27 PM
#61
As far as I can see,  bearish sentiment persist in Cryptocurrency so far!  It has been happening since end of April and this should not be a news.  When will there be a reversal?  may be very soon as market has not fully get to it's price potential!  Bitcoin could still be $100k and ether could be $10k this year!
Yes, hopefully that can be achieved in the near future, because if Bitcoin can penetrate $100K for one unit and Ethereum can be at $10K in one unit, I'm sure there will be many people who are profitable and some will always praise Bitcoin and Ethereum for that time.
legendary
Activity: 3010
Merit: 1280
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June 13, 2021, 03:07:52 PM
#60
I still read some analysis that BTC hasn't peaked yet and it could happen in 2022. Most people predicted that the bullrun would end by the end of 2021 but it looks like BTC pumped prematurely which is why we're seeing this consolidation period. Let's wait how the chars play out by third quarter.

Following the 4 year cycle of Bitcoin, the peak must happen this year and not 2022, Bitcoin market could have entered the bear season at that time so it is highly possible that BTC won't get its new ATH in that year, 2022.  Anyway, the Bitcoin market is unpredictable, setting aside the 4-year cycle pattern, Bitcoin can crash or peak anytime but I still believe that the market isn't entering the bear season yet, I think it will record another ATH before going to that bear direction.
sr. member
Activity: 1722
Merit: 269
June 13, 2021, 03:01:34 PM
#59
We are slowing going into bear market and many still don't realize this because of those 10% gains which makes the market looks bullish again but looking at the big picture it's clear that bear are slowly taking over, am I wrong?

Well the overall trend of the last 6 weeks or so was pretty bearish overall. So a 5% increase in price during a day does of course not mean that we are officially in a bull market now again. The thing is though that most bull or bear markets don't really come with a big introduction, they just suddenly happen. Therefore, at least in my opinion, you can not say now that we are going into a long bear market just because the last 6 weeks were bearish but you also can't say, that the bear is over and we are going into a bull market again. As longs as you are a normal user without inside information you can just guess and follow your feeling.
sr. member
Activity: 938
Merit: 255
SmartFi - EARN, LEND & TRADE
June 13, 2021, 01:36:50 PM
#58
The truth is, many atimes, predicting this market is tough. I could remember when Bitcoin was $20k and what most people said and before you know it, it reached a new ATH, many were still asking if we are in bull run and Bitcoin took everyone by surprise and now we are in bear market and many might still not believe; they could be right as well as wrong, moreover the crypto space is unpredictable.
However, looking at the news so far, both from adoption, legalization and so on about Bitcoin, you can begin to wonder if actually we are in full bear season because all these news could set Bitcoin on another bull run. The only thing one should do is to be careful of the market, know what to hold and what to trade just in case things turns around for good, so that you won't miss out on the good coins.
full member
Activity: 523
Merit: 100
June 13, 2021, 01:25:44 PM
#57
Just because the current market condition continues to decline does not mean that a long bear will soon come, but currently the market is in a sideways condition and is still waiting for the next sharp decline or increase and is determined by market technicals and fundamentals such as fomo and fud from various fields.
The current market situation will always go as we get announcements or crypto news. Long bear time passed 6 months ago, we can be sure that it will not come again yet. Another dump chances are very high in a month because the last time recovered. Like BTC dropped to 4k for a week last year. There could be a little problem if the market doesn't move in a month.
sr. member
Activity: 1204
Merit: 253
Undeads.com - P2E Runner Game
June 13, 2021, 11:12:54 AM
#56
Just because the current market condition continues to decline does not mean that a long bear will soon come, but currently the market is in a sideways condition and is still waiting for the next sharp decline or increase and is determined by market technicals and fundamentals such as fomo and fud from various fields.
legendary
Activity: 2492
Merit: 1145
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June 13, 2021, 10:29:16 AM
#55
You are wrong, I don't think we are in bearish market. This is only correction. We will see soon bullish market again. There is still no any indicator which day now bearish market has started. So you shouldn't say that market is bearish.
The speculation you see is depending on the way you see the market. Even the most followed people have their different say about the market, Some say it's going to be bearish and some tell it's just a correction and their speculations have some basis which is their found patterns, Historical data, and other needed data to back their speculation. I myself is really confused about where will the market will land. The only thing we can do today is to earn and earn more profit to get ready for what the market awaits us.
member
Activity: 280
Merit: 11
June 13, 2021, 10:15:47 AM
#54
You are wrong, I don't think we are in bearish market. This is only correction. We will see soon bullish market again. There is still no any indicator which day now bearish market has started. So you shouldn't say that market is bearish.
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
June 13, 2021, 03:25:48 AM
#53
That's just your speculation that we're in bearish market, even we are already far above 2018's bitcoin price but people already saying that we are in bearish market
people already realize the 10% gain is just part of a bigger picture that's why in every corner people making analyzation toward bitcoin price chart. It's not like people
are too fixated in a price gain anyway, it's already a normal practice for people who analyze to see the price movement at a bigger time frame, they are not blind and maybe they
are the one who understanding and bitcoin market usually rather unpredictable.
sr. member
Activity: 574
Merit: 250
June 12, 2021, 05:49:20 PM
#52
We are slowing going into bear market and many still don't realize this because of those 10% gains which makes the market looks bullish again but looking at the big picture it's clear that bear are slowly taking over, am I wrong?
You weren't wrong to see the current situation of cryptocurrency even though you are a newbie. Yes, bear market time is going to end soon, but there could be more months needed. 29k USD is a very huge dip since the last pump was 64k USD. Even the total market capitalization is also doing the same. Actually none of us are too blind to see, we need some satisfactory news from others. We already have got the results of the 2 year bear market. We will see a good pump after this correction.
hero member
Activity: 2086
Merit: 761
To boldly go where no rabbit has gone before...
June 12, 2021, 04:32:51 PM
#51
We are slowing going into bear market and many still don't realize this because of those 10% gains which makes the market looks bullish again but looking at the big picture it's clear that bear are slowly taking over, am I wrong?

You are wrong. There's more indicators saying it's not yet bear market, then there are one saying we're going in it.
IMO, we'll see few more weeks of sideways action, then one big push upwards, and then we go into bear mode. Approx by the end of the year
legendary
Activity: 2534
Merit: 1338
June 12, 2021, 02:18:49 PM
#50
We are slowing going into bear market and many still don't realize this because of those 10% gains which makes the market looks bullish again but looking at the big picture it's clear that bear are slowly taking over, am I wrong?
If that is what you are seeing in the market then you need to act accordingly, personally this is not what I see, what I am seeing is that this is a slowdown of the market and that it will reignite itself at the end of the year, this is similar to what we saw in 2017, also another reason of why I think we have not reached the top is that the behavior that we saw this time around is completely different that what we have seen in the past as the price remained close to the top for weeks which is a strange behavior in this market.
sr. member
Activity: 2422
Merit: 267
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June 12, 2021, 12:28:32 PM
#49
We are slowing going into bear market and many still don't realize this because of those 10% gains which makes the market looks bullish again but looking at the big picture it's clear that bear are slowly taking over, am I wrong?
Going bearish is best for investors and whales also as they want to accumulate more at this time.Investing at dips is the only strategy that works 100% in bitcoin and you can gain in the long term that's for sure.Even if we see any further corrections than it will not be problematic situation but panic selling is the main problem for market.Before we hit bullish trend and support is provided for further rise have patience and stay calm.This will work for you.
Of course, with a fairly high price on bitcoin, it's possible for people with large funds to make purchases even though prices are going down, but those who don't have capital may only be able to look at potential altcoins, which are all down. That's right, buying when it's currently down is very important, we know the correction due to bad news has made prices unstoppable plus panic is carried out without analysis.
but all can be sure someday will come back again to increase and will earn income from the difference purchased.

but very confident that the bulls will still be there and waiting for the right time for the bad news to subside with the good news starting to develop. hopefully the good news will beat the bad news so the price can bounce back like the goal from the beginning which will happen at the end of the year fantastic prices for all coins.
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