Topic: We are not out of the woods yet - page 4. (Read 544 times)

The mini-bull season has brought a lot of hope and confidence to the bitcoin ecosystem. At least some investors have been able to recover losses and others made some profit. But like you said all might not be well now or we are not out of the woods yet. But one thing is sure: bitcoin would survive these trying times and the bull market would soon emerge. But for now it is important to be patient.

True. Bear market will determine who are here to stay and who’s only here when it’s bull run and leave when the market turns bearish. So the survival rate is really intense these days. Those who know the market well will win and become profitable, but for those who’s up for quick profits only, they will eventually quit and leave the market at a loss.

I think on some level bitcoin has come to symbolize concepts like "financial freedom" and "be your own bank". It may have changed the way that people think of and view money. Opened peoples minds as to how economies and financial institutions might be structured differently. To elevate standard of living, granting consumers more options and opportunities in life. As well as boosting perception of what the term financial freedom could mean in the future.

This could represent the evolution of humanity. In terms of our concepts and ideas about what is possible for us and how the world works adapting, progressing and evolving over time. While we might have bitcoin to represent certain ideology and ideas. We may not yet have reached the final form.

If fiat currency is a horse driven wagon. Bitcoin might be the modern automobile. Could that be an accurate analogy?

It is possible that as long as people support and believe in finding better ways to conduct business and better methods to live their lives, there will always be things like bitcoin being developed. It may simply be the natural evolution of things. While it may be discouraged. Stalled. Or perhaps even appear to be wiped out at times. There could always be someone who will find a way to invent a better mousetrap. At which time, people will have to decide whether they want to use the new and better way of doing things. Or revert to using past methods, which are not as good within a regressive trend.

With this bearish market at the moment, those who have experienced it in past has greater advantage compared to these new investors in the market. For sure, a lot would be selling at the current price and might lost their position to be more profitable in the future. But for those who have been in the market for long, they know already that there is more to this, and that bearish market is still far to end, so they end up become wiser in filling their portfolio with cheap bitcoins and only sell them when they are in profits in the future.

Are you thinking that this current Bitcoin uptrend is a bull trap?  I also think that it is early for Bitcoin market to rally and reverse the trend but you know, this is cryptocurrency market, everything is possible, even breaking ATH (though very unlikely) may happen this year.


the thing is can the market sustain the price trend?  If they failed to maintain it, it is like possible that the price will start to correct thus we may see Bitcoin price to fallback.  Aside from that, if this movement is a bull trap, it will take away lots of confidence in the market making or creating a possible sell off that may push the price of Bitcoin down.  So far there is really no good news to make a hype on Bitcoin market.  The latest we had is the CPI, and the explanation of short liquidation which might end any time soon.

What point are you talking about exactly and what data do you use to arrive at this conclusion that we are not out of the bear market yet, are you just speaking based on the last 24 hours' market condition which BTC deline with a 1.24% of it 48 hours market price.

In as much as it is hard or almost impossible to speculate the market, we should not fail to employ every available data to help us arrive at a level conclusion devoid of just speculation but accompanied with facts and variable chat data, this period is far different from 2019 judging from both year chart and available data.

I can tell you very much that, one of the first things I did after reading the OP and seeing uses rank was to look out for the date of  registration. Although that doesn't really say when you got involved in cryptocurrency as OP could have been in the innovation way longer but, speaking of 2019 and bearish market...! I was stunned even more. That's because, I was around in 2019 although much later but, this is definitely my first bear season.

History has it that, 2017 was the year that came with the bears, ravaging the crypto space with investors having to lose faith but experience tells investors to stick around.
Yeah, it's not funny I the bears and looking at the charts now to see some pumps, it's not enough to say we are done with the bears yet. We are still very much in the bears but, we just might have hit the ock bottom for the bearish season already.

I know that it do sucks when you are really that optimistic but turns out to be a hater in the end of the line just because the bear market hits you hard and if it did really blown up your investment wayback then you would really be having this kind of impression and thinking that bear and dumps is really just lurking in the corner.Its not bad to have that kind of doubt and hesitance but these things would really stop you on
getting in on potential opportunities which you might that encounter along the way which means that it wont really be that ideal to stick into that mindset.
Long bearish market could exist but we know that recovery and bull run is still there.

There’s no perfect market, there’s always a pump and dump and yes even the economy can suffer too, what you can do is to be more flexible and equip yourself the right knowledge so you can know when to invest and take advantage of the market. Bear is a good opportunity, only those who are willing to take the risk can make it, that is actually the survival phase where not everyone will stay.

What makes you think this hasn't happened yet. We were supposed to stop at the last ath of 20k, but we went much lower to the 15k, which flushed out most people and made us go back to 2019 prices.
Why do you think long time holders weren't hurt by this? We had a large move of coins held by over 5 years when FTX went bust. The data is available if you look for it.

IMO this took place at least twice in 2022. The first big wave was when we broke below 30k because of Luna. You can see that the volume back then was the highest since the time when we fell to 30k for the first time in May 2021. Each time there's big volume of sales you know there was a capitulation event taking place.


You remind me of the people who were calling for 1k Bitcoin from the beginning of the 2018 bear market and they were so sure that this 1k will come that they never bought bitcoin.
We don't know what's going to happen but you're saying this like you're sure that bitcoin will go below 15k when you cannot possibly be sure of something like that.
If you're sure, why don't you short bitcoin right now? It should be an easy trade for someone as confident as you.

It's a bit confusing you're just now talking about a bear market when Bitcoin is facing the largest rally for the last 3 months. Who knows which way it will go, but people who bought at 16k are almost 25% up on their investment if they were to cash out now, it's hard to find that sort of return in such a short time frame. It just depends if it holds steady, but we're generally seeing what might turn out to be a softer landing than expected for the economy and maybe it'll rebound faster than the so-called experts predicted. Bitcoin did very well in periods where borrowing costs were low, so if it can sustain while inflation drops back down and borrowing costs reduce then we might see another rally again.

People are free to think what they like, even the great crypto analysts like PlanB can sometimes be wrong. And the funny thing about people in crypto is that, when the price is up, they as why, when it goes down they still ask why.
So when you see some people claiming to give up on crypto doesn't mean they actually give up lol.
Bear market brings buying opportunities if you don't know.

This is what most of those skeptical about of Bitcoin growth's reaction. They would surely tell that Bitcoin is a bubble or dead but if you look at all on the chart this is so typical for them to react that way as if they really expect that Bitcoin would die and end up as scam as what the other people been thinking but never know a damn thing about Bitcoin.

This sudden small pump isn't enough to tell we are out of the bearish trend yet, there's always that someone would set a trap to remove weak-hands that can't hodl their coins for a long time because they think they are at complete loss if they don't sell their investment. A typical newbies reaction that are too afraid to lose investment in Bitcoin, so they have to sell after seeing the price dump.

If it is like 2019, I think it will be a great season and it will help a ton. I am not saying that its going to be just smooth sailing from here on out or anything like that, but its not going to be that much of a trouble neither. All in all, its obvious that we are going to end up with a good result when the year ends, I bet that its going to be a 20k+ year and that's for sure, but I am not saying that its going to be an easy year, its going to definitely hurt a bit but then we are going to be profitable if we bought now, the middle period will be the trouble but it will definitely finish as strong as possible.

I'm expecting one as well, but as with all the past "super crashes", it will be deep, it will be severe... but it will also be swiftly followed by a rebound that sets the floor and foundation for recovery into the next post-halving rally.

Terra and FTX were scapegoats, for sure, and almost none of my circle (albeit small and not personal, I see as significant) was affected.

When we've got forum friends and people we know impacted by an event, that'll be it.

Pretty sure folks that bought a few weeks ago would have already sold some of their stash in hopes that this recent climb to $21k would go back down sub $20k again. Also, I think most of the people who have been in the bitcoin game for years know that a few thousand increase in price in such a short span of time isn't something really worth celebrating. It is something, yes, but we have seen this countless of times before, and those who didn't learn from the previous runs will surely have a lot of things going for them.

The storm isn’t clear just yet and almost every experience investor know this. The bear market this days ain’t that painful like the years before 2020 because almost every investor have plans forehand to survive in the bear markets this days.

Although I expect another bearish period before the 2024 halving which is predicted to be a cause for a bull run, your prediction of bitcoin hitting All time low is never going to happen. Because that is like saying bitcoin is go down to at least $10 worth. No matter any saga coming up I don’t think we will get to see that.

I don't know what you are talking about. For people that came in 2019 this is the first real bear market season. IMHO this is merely an accumulation phase and could be that there will be heavy volatility ahead where the bears and bulls fight.

To me it seems we are at the point what would need an unseen devastating blow to make markets suffer more then they already have. And at this point only crash of the Binance, fatal flaw in ETH code, or rebirth of Satoshi could do it.

It's very telling that market crash after FTX wasn't anything compared to mayhem that UST crash caused. It was just chosen to be the scapegoat for the whole bear market. It didn't seem to matter that when it happened we were already near the bottom.

There is always this most painful season in crypto space that hurts even the strongest of crypto holders out there where they will almost give up, I don't believe that this bear market will be different, if you are here in 2019 you knew what I am talking about.

It will get to a point where many will start losing hope on crypto, a more painful bottom will occur and holders will lose faith, the bear market will look like it will be here forever.

We are not at this point yet so do not get too confidence that a new all times low is no more possible, no one saw COV-19 coming in 2020 and anything can still happen between 2023- 2024.