We entered a bear market earlier than expected - page 2.

justdimin

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Quote from: Twinscoin2017 on April 24, 2021, 07:53:48 AM

as long as bitcoin never go down below 30k$ i still believe that it will rise again up to 50k$ or more so we don't need to worry about it hold strong for big profit.

You are referring to something impossible as a strong support level; with recent correction bitcoin market did not go below $47k levels and sharply increased from there toward $56k levels. So, we can assume that we have not entered into bearish market yet; that was just another market fluctuation.

Bitcoin is trading now below $53k levels around its support levels and this current trend of falling down may persist until $51k levels. Still we can term this also another usual market fluctuation and nothing more.

Bagaji

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Quote from: Trixoempire on April 18, 2021, 05:28:13 AM

Bitcoin 15%- the major cypto -25% and tomorrow will be 30%- massive hit comming. You will see at 6 am when you wake up.
We enter a bear market now. I expected it to last longer but this is the end,

This the beauity of crypto is unpredictable. I am in 15k I don't sell anything and don't feel anything.

Good to know that you were in when Bitcoin market value was $15k and you are still holding, though I don't know how many units of Bitcoin you were able to buy when its value was that low.

magneto

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What are you babbling about?

The rebound at $50k just shows how strong the support still is at that level and there seems to be no signs of the market sentiment declining any time soon. In fact, I'd expect the FOMO to get even bigger given that people have now seen first hand how strong the institutional bagholders are and will be.

Definitely not in a bear market and probably won't be for another half-year at the very least.

Quidat

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Quote from: Luqman on April 28, 2021, 05:57:09 PM

Quote from: Trixoempire on April 18, 2021, 05:28:13 AM

We enter a bear market now. I expected it to last longer but this is the end,

Why you are so confident claiming that we are starting the bearish season? It is not a bearish season yet, the current drop in crypto prices is just a correction. You must do more research before you claim or decide something. I think you are too frustrated to see your crypto values dropping the values. Don't worry bro, the price of crypto coins already increase again.

Some people do really have these kind of reactions anytime they do saw some correction and then try to claim that we are already a on bear season as we do look at on the current
market then no doubt that we arent still on a bear season since its recovering or even reaching new ATH's specially into some Alts which does indicates that we arent into that
situation yet.Why people are really in a hurry to see a bear season?

Lets wait because we would eventually be there but hope that it wont really be that as bad just like into those 2018 where prices is almost in the floor.

Luqman

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Quote from: Trixoempire on April 18, 2021, 05:28:13 AM

We enter a bear market now. I expected it to last longer but this is the end,

Why you are so confident claiming that we are starting the bearish season? It is not a bearish season yet, the current drop in crypto prices is just a correction. You must do more research before you claim or decide something. I think you are too frustrated to see your crypto values dropping the values. Don't worry bro, the price of crypto coins already increase again.

Rengga Jati

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It is still on a bullish trend and the market is still ongoing. We know that several days ago was a hard time because Bitcoin fell so drastically that influenced the price of altcoins also falling down so a dip. Most cryptos dropped so much so that they need more time to be back again.
but bitcoin is now going back to the top again, breaking the resistance and flying to more than 50kagain.
I personally believe that bearish is not ongoing, that is a market correction, but yeah it is deeper than we thought. However, now is still a bullish period, let;s see what will Bitcoin bring for the bullish time later.

wiss19

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Quote from: South Park on April 27, 2021, 02:23:15 PM

I also noticed that, the road we went through 2017 was more bumpy so it gave people the time to adapt to the way bitcoin moves, but this bull run has been very smooth which is why many people seem to be surprised by the sudden movements we saw lately

Yeah, there are lots of differences between 2017's bull run from the current one; but when you are having enough trust on bitcoin and its future then you never need to worry on any correction on even on crash. I agree bull market must be a primary thing for adoption happening and I guess that will not be affected due to various pace of bull run. Still I need to mention here what I do see always veteran people do say: what is rising fast will fall faster. So, this type of corrections are essential so that bitcoin will slowly rise up.

South Park

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Quote from: Rikafip on April 23, 2021, 03:40:47 PM

Quote from: South Park on April 23, 2021, 11:16:12 AM

What happens is that while people like you and me that have been in the market for a long time what we are seeing is nothing special, for the people that have been part of this market since the pandemic started this is completely new, they have been spoiled by bitcoin as it seemed it will always go up and now they are worried because it is becoming obvious to them this is not always the case, anyway let people complain as that is the only way in which they can actually learn.

True, they way we look a corrections like this is just a matter of experience, and it can indeed be frightening for someone who thinks hat he lost 20-30% of his portfolio after months of constant growth where it looked like you can't make a wrong move.

If I remember correctly there 5 similar corrections during 2017 bull run, and so far this year I think that we experienced two or three. So a least few more ahead, if we are basing it on previous bull run, which may be completely different as market is more mature imho.

I also noticed that, the road we went through 2017 was more bumpy so it gave people the time to adapt to the way bitcoin moves, but this bull run has been very smooth which is why many people seem to be surprised by the sudden movements we saw lately, but despite all of that the price of bitcoin is once again back on track and we are probably ready to challenge the 60k price again during the next weeks as bitcoin is once again gathering strength to do so.

Febo

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Quote from: Oasisman on April 24, 2021, 08:50:43 AM

Quote from: Twinscoin2017 on April 24, 2021, 07:53:48 AM

I think we are still in a bullish season, dropping of bitcoin price is a correction or maybe many people sell thier bitcoin that's why it drops, that short dropping of price doesn't mean more to me, i experience year 2017 bullrun and correction is not new to us, so as long as bitcoin never go down below 30k$ i still believe that it will rise again up to 50k$ or more so we don't need to worry about it hold strong for big profit.

I'm not yet to call it bearish, but I'm also not sure that we're still in a bull market after breaking the $50,000 strong support.
Though there are still a lot of bullish news, but It seems like Bitcoin is down this week.
Let's see what kind of price action Bitcoin will show us next week.
If Btc goes below $30,000 then I might say that we're already approacing the bear market.

You will not know if we are in bear market once we will be close to the bottom. Bottom will be 80% down from ATH. So lets say bear market started now. Bottom would be at sub $15k. I dont believe we are in bear market. I will not know if I am right before Bitcoin gets over $65k or before half year pass.

passwordnow

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Quote from: coinits on April 18, 2021, 08:14:14 AM

When BTC tops 100K people will still be calling doom and gloom if it pulls back to $75K.

Exactly. They would still call it out that it's the end of bitcoin and there's more tomorrow on it. We see the same situation as always when bitcoin drops. Even the drop is tolerable, they would assume that it will never ever recover anymore. But in that matter, they've sold already at loss and there's no way for them to retrieve what they've sold because they're too scared of the market. The aim for $100k is likely and that's the next ATH where many would likely to sell.

Oasisman

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Quote from: Twinscoin2017 on April 24, 2021, 07:53:48 AM

I think we are still in a bullish season, dropping of bitcoin price is a correction or maybe many people sell thier bitcoin that's why it drops, that short dropping of price doesn't mean more to me, i experience year 2017 bullrun and correction is not new to us, so as long as bitcoin never go down below 30k$ i still believe that it will rise again up to 50k$ or more so we don't need to worry about it hold strong for big profit.

I'm not yet to call it bearish, but I'm also not sure that we're still in a bull market after breaking the $50,000 strong support.
Though there are still a lot of bullish news, but It seems like Bitcoin is down this week.
Let's see what kind of price action Bitcoin will show us next week.
If Btc goes below $30,000 then I might say that we're already approacing the bear market.

Twinscoin2017

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I think we are still in a bullish season, dropping of bitcoin price is a correction or maybe many people sell thier bitcoin that's why it drops, that short dropping of price doesn't mean more to me, i experience year 2017 bullrun and correction is not new to us, so as long as bitcoin never go down below 30k$ i still believe that it will rise again up to 50k$ or more so we don't need to worry about it hold strong for big profit.

totaleclipseofthebank

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This is a clear sight that we are entering the bear market. Bitcoin has just dropped for another $2000 after its huge bottom. The big sell-off has triggered chain effects, causing thousand of investors run away in FOMO. Many of relatives who are not F1 investors decide to sell their bitcoin without hesitation and accepting the loss.

But I kindly see this drop as a big correction rather than a true bear. We only in a bull for less than a year and there will be another wave for the bull

BuNga_cute

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Quote from: Hippocrypto on April 23, 2021, 05:50:36 PM

Quote from: Trixoempire on April 18, 2021, 05:28:13 AM

Bitcoin 15%- the major cypto -25% and tomorrow will be 30%- massive hit comming. You will see at 6 am when you wake up.
We enter a bear market now. I expected it to last longer but this is the end,

This the beauity of crypto is unpredictable. I am in 15k I don't sell anything and don't feel anything.

I don't think that your expectations would be possible, we aren't at bear market yet because the price still recovers quickly after falling. That's just a minor crash, many traders took their gains for the main time and eventually buy back when they've notice a cheaper price. They wouldn't sell all of their holdings as long as they hit their predicted price, and it's not yet possible to see $15k or below this year, maybe 5 years to go.

As you said Bitcoin price started to recover quickly, so there's no need to worry or panic. And as long as Bitcoin is still back at its current $ 50k price,
it is not quite right to say it is entering a bear market. I also believe some investors are starting to buy back, because the price is now the right time
to buy back Bitcoin. I also sold my partially Bitcoin for $ 61k, now planning to buy back Bitcoin. Because I believe that in the near future Bitcoin will
quickly return to above the price of $ 60k again.

Xinarae*

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After the onset of the epidemic the price of coins fell sharply due to the impact of whales in the market but at the current rate at which bulls are running there is nothing to panic about if we go ahead and think so confidently and positively about the market there will be something good in the market. But if the market corrects upwards if you buy the currencies you will fall into loss if the price goes down even if the bull market continues it is better to keep it down if the price goes down.

Hippocrypto

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Quote from: Trixoempire on April 18, 2021, 05:28:13 AM

Bitcoin 15%- the major cypto -25% and tomorrow will be 30%- massive hit comming. You will see at 6 am when you wake up.
We enter a bear market now. I expected it to last longer but this is the end,

This the beauity of crypto is unpredictable. I am in 15k I don't sell anything and don't feel anything.

I don't think that your expectations would be possible, we aren't at bear market yet because the price still recovers quickly after falling. That's just a minor crash, many traders took their gains for the main time and eventually buy back when they've notice a cheaper price. They wouldn't sell all of their holdings as long as they hit their predicted price, and it's not yet possible to see $15k or below this year, maybe 5 years to go.

CaVO32

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Quote from: fullhdpixel on April 23, 2021, 11:42:10 AM

Quote from: thecodebear on April 23, 2021, 11:26:29 AM

This is just another step in the long term bull market. Market is starting to look very healthy for continued upward movement in the coming months, far healthier than it looks a couple months ago.

I agree, nothing to worry about at this point. Even it is more than 20% correction, market is still showing good volume across all exchanges. I like your way of being optimistic because even I am too confident about continuation of bull run from here, honestly I could not express that like you. I know how bitcoin market do behave but that is only up to my intuition level because when someone doubting about future of bitcoins, mostly I go wordless or simply do suggest to make use of dips and nothing more.

I believe those who are in panic mode today are those newcomers who bought bitcoin at a much higher price. They thought it will continuously increase, but this kind of correction is also needed to have a healthy market. We can't expect to have upward movement all the time, so expect there will be drop along the way. For those long timers, this is just another part of the up and down movement in the market. Nothing much to be afraid of. Those who will panic and sell at a loss will be the loser in this market. Let us see..

Rikafip

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Quote from: South Park on April 23, 2021, 11:16:12 AM

What happens is that while people like you and me that have been in the market for a long time what we are seeing is nothing special, for the people that have been part of this market since the pandemic started this is completely new, they have been spoiled by bitcoin as it seemed it will always go up and now they are worried because it is becoming obvious to them this is not always the case, anyway let people complain as that is the only way in which they can actually learn.

True, they way we look a corrections like this is just a matter of experience, and it can indeed be frightening for someone who thinks hat he lost 20-30% of his portfolio after months of constant growth where it looked like you can't make a wrong move.

If I remember correctly there 5 similar corrections during 2017 bull run, and so far this year I think that we experienced two or three. So a least few more ahead, if we are basing it on previous bull run, which may be completely different as market is more mature imho.

STT

legendary

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Wider market has been pulling back, not sure its more serious then that. Bear market can be called for any move more then 20% from the top but that happens really often with crypto so I dont know that idea especially carries over.
Bottom prices now are in line with an initial trend downwards, that is we have slowed previously the rate of descent while continuing down. Now the market has decided not to resume that harsher rate of sell its some slight bullish sign and if we hold that buying may accumulate some.

Just this moment its trading above a 12hr average, try 50500 for an area to hold as a low and price action may be positively developing.

mrjoy15

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Quote from: thecodebear on April 23, 2021, 11:26:29 AM

Quote from: Trixoempire on April 18, 2021, 05:28:13 AM

Bitcoin 15%- the major cypto -25% and tomorrow will be 30%- massive hit comming. You will see at 6 am when you wake up.
We enter a bear market now. I expected it to last longer but this is the end,

This the beauity of crypto is unpredictable. I am in 15k I don't sell anything and don't feel anything.

lol you think this is a bear market? Must've not been around here long. This is just another step in the long term bull market. Market is starting to look very healthy for continued upward movement in the coming months, far healthier than it looks a couple months ago.

Absolutely, it's true also some people will never learn on previous history. It's really sad that mostly newbies get caught in these traps. Market is still technically in a consolidation, and will surge up shortly. I'm still holding my portfolio, will make a visit once everything turning green. That's my tactic.

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