Topic: We entered a bear market earlier than expected (Read 802 times)

While the bear market has not come yet I am getting worried about the possible implications of what we are seeing now, what I mean is that I thought that sooner or later altcoins will begin to outperform bitcoin but I thought its growth will be more limited and yet we are seeing a huge growth, this tells me that whenever the bear market comes it is going to be huge and you better be prepared to hold your coins for years in that case.

People who have not followed previous bull run of bitcoin markets might get panic when they see some corrections happening in bitcoin markets. I am sure even some people had followed previous bull run, they might have forgot most of the fluctuations but remembering only the final ATH of previous bull run; this is the reason they do get panic when seeing any slight or moderate corrections.

Bitcoin also had continuous6 months of bull run without giving any room for bear market on month basis which might be the another reason when April month candle was not a green one which might have made some people to assume about beginning of bear markets.

Wondering how people feels right now when they see something like this happening in the market recently for sure they will be panic again for seeing another market crash. So we shouldn't expect any false alarm like this since seems we cannot see the bear market strikes right now. Maybe in next year we can experience that since we can possibly see the table turns at that time.

False alarm by OP, there's no bear market yet, I thought there was but every time bitcoin recovers, it tells me that it's just a correction to give way for altcoins to rise more. Let's look at the dominance of bitcoin now, it dropped already and it's a good sign that altcoins are growing.

Bear season might come soon, so let's also prepare for that, but for now, we are still in bullish season.

do you feel now going to enter a bearish market? I think Cryoto for now is not as simple as 2017, where after BTC reached ATH then crypto plunged. In 2020, crypto technology is increasingly famous and many large institutions / companies will back up if there is a Dump incident. and they are always actively booming Cryptocurrency in the community

It may fall but not beyond the strong support levels of $52k levels which must be the good thing we can have right now. Last week days we are seeing market is struggling to breach $59k levels which is still holding as a stronger resistance hence I agree we may need another pull back which may test this time $54k levels before trying to break the $60k barriers. As of now, most traders are too busy with dogecoins which might be a reason why we are not seeing bitcoin to trading in full swing.

I am also in favor of recovering toward the ATH but market is too stagnant than usual which makes me little worried as not sure how many investors could hold their nerves before deciding to book profits.

I think that we have not yet entered the bearish market, in fact, the market shows a recovery trend and possibly bearish, since the 4th of this month, it had a fall, but yesterday and today it has recovered from 0.2 % up to 2% today, I think it is hasty to say that we are already in bearish trend, this article gives a small opinion about it:


Source: https://u.today/btc-eth-bnb-and-1inch-price-analysis-for-may-6

In the same way, any scenario is possible and perhaps the price of BTC may fall, but for now the winds of recovery are blowing.

Even during bull markets bitcoin can range in price during a long time, newbies need to learn a lot more before they even invest in this market but this is what happens when a newbie enters the market and then immediately we see a bull market, they think they are some kind of genius that can read the markets and begin to make all kind of claims about what the market will do when they do not really know what it is going on at all especially when bitcoin is so volatile and unpredictable.

Yeah many people do get panic themselves on seeing bitcoin prices falling down and then will spread FUDs to make others. This is what I am seeing when most people are rushing here to open a new topic just with their own assumptions and really not having any valid backing points. Bitcoin recently had a correction due to various reasons but right now trading again stronger near $60k levels.

It means we are not yet into bearish mode but we are into a temporary and usual correction which will be compensated with another ATH in coming week; hence assuming about beginning of bearish market is definitely kind of act to spread FUDs in my view.

People panic when they see price is falling and I think that's normal especially for those who are new to this industry. But later on, they will realize, it is just part of the market movement. Of course, we can't expect that the price will increase forever, where a lot of people want it to behave that way. It is not normal if we only have price increase. At some point, it needs correction, but it doesn't mean, we are already in the bear market.

If people want a rally surely new money is required and so too the noobie or new people also to crypto, when theres nobody else really entering the space it will be far less dramatic movements I guess.   So perceptions of the noobs I think is some part of the price action, it explains it large part of a news dump the older participants wont react to as much.   If China comes out again and says we've decided crypto is not to be allowed to continue, it would not be anything new but it'd dump the price because of the reaction by some.    Also if nobody posts negative threads I get a little more scared it would properly sell, if nobody has doubts its ironic in being more dangerous I think.  A price often tested is less likely to fail as easily, like folding steel its part of a process.
   I'm only really properly bullish on BTC or just about any product when its fully open to anyone, I'd call it the drunk test I think on a scale of how many pints of beer can you consume and still have good use of that product.   Thats the wider world of incidental usage its massive and every business for scale of revenue is driven towards the mainstream not the elite usage.  I really dont believe in whales or whatever large money story as primary instigator of a good trend growth, thats not bullish for me not beyond speculative purposes.

Well, I hope OP isn't very excited to think about the bear season in every price correction to happen. I feel such negativity especially when you are not confident of what you do. Because if keep worried and think like that, it will be the reason for your failure as it causes panic selling.
Maybe, it is a need for you to stop looking on the market every day and give some space out from crypto. As the more you were always checking your portfolio, the more drags you to think about the negative.

The problem is they are not locked and deleted.  Or locked and archived.

To be a bear market we would need to drop under 40k and stay under 40k for at least 6 weeks.  And that would mean most likely we are bear.
April just past .

we were 27 days above 50k

and only 3 days below 50k

That is not a bear market.


Here we are in may 2 days above 50 k and 0 days under 50k

that is not a bear market.


Is the thread lock and archived as a lie no.  It sits there with a lie in its title.

Now do I hate the op no

do I think the op is hire to lie and state we entered a bear market.  maybe

in fact it is more than likely he knows exactly wha a bear market is and has chosen to lie so this title show in searches.

All replies should retitles the thread title like I did.


BTW this is factual that we are not in a bear market as the definition of a bear market has not happened.

We entered a bear market?? Really? No, only you and less knowledgeable people claim like that. For me and other people who know about crypto say the opposite. we are still in the bull market. If you think bull market always pump, you are miss understanding, in the bull market also have corrections, but after correction will pump again.

This is the end?? Lol, another funny thread from newbie

I do not have a problem with the movements we are experiencing as what we saw in 2017 was way worst when it came to the volatility of the market, however a person that was expecting to just buy bitcoin and make profits are for a rude awakening as it seems it is going to be harder for bitcoin to grow from now on, but I think that the whales are doing what they can to weaken the bears and once the field is ready the price will grow in an explosive way.

Some people will see anything they want in any pattern you present them,,, this is a known phenomenon for traders;) Instead of looking for data to objectively build a picture, they have a picture already set in their mind and will look for data to back up that picture.

But this is why I find TA a bit misleading. We are all seeing the same charts but some of us believe it is accumulation, others see it as weakening rallies, some see it just as plain sideways.

Fluctuations? that's more of a trading sideways or better yet period of accumulation. And now we are not seeing any bearish trend, the bulls are still in total control of the market. And after the FUD's we have settle down a bit that's why the market is on a sideways pattern. This is a good indication that we are going to have a break out run this May and probably will have a new all time high.

Bitcoin still at the range with a strong support so its not possible to happen, the movement nowadays seems more on fluctuations but still had high trend in my view, perhaps when we saw a long low trend in its graph there's a possibility because that's how it start when before it becomes bearish trend. But seems now still at good conditions despite of some fluctuatios.. And btw your prediction isn't good and that's very obvious that you just trying to play a games with some enthusiast here. Try to give some informative thoughts/prediction sometimes mate..

it looks like bitcoin will fall at the level of 50-54, but it is unlikely. The $ 50k rebound just shows how strong support is still at that level and there doesn't seem to be any sign of market sentiment slowing down anytime soon. In fact, I expected the price to be even greater considering that people have now seen first hand how strong asset holders will be.

You don't really have to cast blame on them as many of them do have this disbelieve that bitcoin on correction is something that won't be reverse again. We have seen things of this nature, for bitcoin to make some good profit from January, 2021 to this day when some drop occurring about 20% shouldn't be a big deal IMO. Even before the bears set in, there were news or rumors about the correction and this should not be something that happened suddenly, there will be bullish again at the end - OP- should just wait.