Topic: We entered a bear market earlier than expected - page 4. (Read 802 times)

I do not think that this is a full-fledged reversal, but rather a correction against the backdrop of rumors that ultimately turned out to be unreliable. It's easy to double-check and we already know about it. I am sure that soon when traders and the market as a whole figure out what was the matter, the losses will be won back and perhaps we will still break through the level of 65 thousand dollars and go higher. But if all the same it will be a long-term bearish trend - no one will say how deep we dive and where the bottom will be. Time will tell, but don't panic yet!

We are not in a bear market, we were simply caught in trap. Some people say that the market was pumped before Coinbase IPO or oversaturated with money. Now, when the hamster has bought at high COIN, it was time to make a major drop. It does not look like a correction either, because loosing 9% in a single day is a lot. If I'm not mistaken, since February, today market felt the biggest drop so far.

Haha if your idea of a bear market is that it will come in just a couple of days after a 6-month long bull market you really need to get your basics right. The market isn't a game where numbers move it's actually the money and emotions of the people in the play. If you see the crash in 2019 again. The market gave everyone more than 2-3 chances to exit at a good point around 10% below the all-time high. Bitcoin didn't come down to 3k in a week. It took BTC almost 70-80 weeks to get back down again from where it jumped really nicely. So chill and relax a bit everyone who took trades at around $40-50k will book their profits as the market touched almost 64k. Now new people will enter at this point and market will again try to break its earlier resistances. If it succeeds in doing that. We are good but if it fails to do that then there is a hint of bear run and it will be said to have been started after this cycle happens at least 2-3 times.

Have a look at this image for your reference. The market bounced back after falling so many times:



This indicates that how the market doesn't fall in a straight line. It will fall after there is a lower low followed by a lower high and this series continues for some time. Try to buy something in this discount as BTC could retrace itself back.

Do you carryout your TA at all before talking about the next dip to be 30%?, there is always a resistance in the market which the current market hold and nothing to be afraid.

We all know that there are rumors around the internet but i don't personally see how long these rumors will hold the dip. Sometimes these institutions do these things to ensure many drop out from this journey, recently we saw a dip around 10% and the market recovers so, this won't be a different type IMO. Also, the market has done well in the couple of days and we were awaiting the bears to fight back, and here we are with the bears fighting currently but there's already a strong resistance IMO.

If bitcoin will continue to dump in the next days, i must say this might be the start of its bear season. There's no need to worry actually because we know the potentials of bitcoin and expect that it will soon rise again with a new heights. Btc are dumping. This will give us opportunities especially for newly investors to start buying them while the price is cheap.

There are many factors that will affect this downfall, if more weak holders follows this trend then we will be able to see more dumped to come

as it really hurt the market if there are more sell pressures than those who'll buy and hold.


Very possible that there are institutional investors who are now keeping their assets, people who knows the value of this market, they are willing

and ready to wait to whatever this trend will bring them.

What is funny, is Doge price is holding steady while all of the others are dropping.

Wonder if everyone else is selling , so that they can buy Doge instead.

https://coinmarketcap.com/currencies/dogecoin/

To conclude a bear market after two days of decline is unreasonable. We see the market going up steadily for several months, so it is normal to adjust the price for a few weeks.
Today, a lot of bitcoins are exported from exchanges. This also means that people's demand for bitcoin has yet to decrease. I believe that bitcoin will soon return to growth in May and June.

Three days of negative prices do not make a bear market, the drop of 15% without a doubt is important but we are still above 50k and the bears were unable to break that barrier, we will have to wait and see what happens from now on, could this be the beginning of a bear market? Yes but it is too son to tell that with any degree of certainty, also it is going to be difficult to break the positive trend that we have so I do not see the bear market appearing that soon.

Just because the market is in dip doesn't mean it's already in a bearish trend you are making a thread without a baseless discussion. Of course, Bitcoin price is moving up and down but suddenly Bitcoin did try to break a new resistance level and it did test the $64k that almost break &65k.

It's just normal to assume that the is suffering only the slight correction effect when it's suddenly broke the $64k resistance level and as you can see, weak hands now are suddenly dumping their holdings but obviously Bitcoin is up to the test again so it's their lost if they gained profit from dumping too early.

A bear market is a sustained 20% decline. Fact.

Lot's of big players got involved in the last few months BTC went parabolic, bound to be that same big players would take their profits, as this is what big players do. Only fools HODL

Personally I agree that if you mine, then HODL, keep it forever; but if your paying real cash for btc, then by all means take your profit while you can.

I have never sold crypto, for the simple fact that I don't want the 'record', and the same goes for buying. But there are clearly tons of people trading crypto on trading-exchanges, and of course we are well aware that some +80% lose their money 100% in a few months, on average, so for those people sure by all means HODL

Long term for BTC is clearly zero in terms of value, as certainly in the coming years btc will be 100% hacked; The 'ownership' never really goes away, just trades hands; losers & winners, and people who staked with real cash will be losers, those that switch from mining to 'searching for lost coin' will be the new HODL'ers until somebody else 'finds' their coin; Certainly only a child would continue this game, or repeat in the case definition of insanity.

When the majority get burned, and find their btc gone, e.g. zero on their account, eventually the word will get out, that yes you might know some 'magic numbers', but it can never be converted into FIAT, or gold for that matter. So what would be the point of continuing to play with magic numbers?

Somebody will come out with a alt ( feces-coin ) that is a bit-coin killer, I would suspect 2^1024 bit strength EC, and sha1024 hashing, whether they can map the old-school btc to the new super-secure btc is anyones guess, I think that btc-core will die of its current death, one of the clones will continue to improve; Eventually the coin that doesn't get hacked is the real winner.

Probably the only real advice today is "take your profit", and if you believe in crypto, then diversify, nobody knows which will be top in the future, and it certainly will not be  btc, it was first, but like Lotus-123 first, doesn't mean anything 10+ years in the future.

BTC has lots of problems, speed, transaction rate, fee-rates, easy to hack; Some clever group will get it together, and market it correctly, and create btc 2.0 who that be is anybodys guess, but wealth makes people soft, my personal bias is that neither BTC or ETH will be at the in 5+ years.

The founding fathers of Core&Ether are simply going to get fat&lazy, some young hungry people will address the short-comings of btc, and one morning the elders will wake up and btc will be worth nothing, which is another reason clever people take their profits while they can.

You can't really proclaim a bear market based on a single day dip. It could be it, but it could also be just a correction. There are no technical indicators that suggest that we are in bear market already - like the famous "death cross" pattern when 99d MA and 7d MA cross each other.

It's true that any dip could be the beginning of bear market, but it only becomes clear after at least a few weeks.

I dont dare to say that now is a bear market with a decline in bitcoin now because if we remember the past few months bitcoin has also decreased even to approximately 26% but what happened after that bitcoin rose to new ath. so for now maybe it's just normal not a bearish market even though there are losers but calm down there will definitely be gains again a few days or weeks after this.

Lol, he doesn't even know what a bear market means. According to Investopedia: "A bear market is when a market experiences prolonged price declines."

If we keep like this for a while we can start saying that we are in a bear market but not now.

Why are people so surprised seeing Bitcoin price plummet with just a little percentage.  Bitcoin had been known as highly volatile market so this kind of price swing is normal.  Besides, it is too early to say that we are entering a bearish market, I believe this is more likely a higher low, get gear for another higher high or possibly another new ATH.

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

Chicken Little Token is in development. SkyIsFalling.com

I don't know if we have started the bear market yet?. But I see the adjust market is normal, with up and down. That is called the market.don't panic

Another prophet, I think we need more analysis than prophet, the market is down and it sparked mourning from crypto-currency users especially newbies.

I have been getting increasing text from -newbies- I talked to about bitcoin, as a result of the price drop, it's bad market drops scares people, if you have done research about BITCOIN before hand, it shouldn't scare anyone, they might be more dip coming, also more panic sells, to getting into panic buy when the market faces upward, which is foolishness.

This is not the first time that we have seen such movement because of some FUD.

If we see a crash just like the covid-19 news last year, then maybe we are in a bear market. But we have seen that we are in a super fast rally, followed by corrections and then continue. This pattern has been going on months after months. On the contrary, instead of panicking, why don't we take this opportunity to buy more? This is another golden opportunity, grab and take advantage.

I think it's a little early to declare the bear market. Bitcoin is currently only 10% down over a 7-day-period, and that can be a minor fluctuation. If you look at the chart, similar fluctuations already happened during the current bull run a few times. Here, I've marked them with a red pen:

I'm not saying that it's not the beginning of the bear market, but I believe that some more time has to pass before we'd be able to see the general tendency. For now, from the way the price chart looks, it seems to me that there's still an upward general trend, and what we're seeing now is only natural after such a high price.