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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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..

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.

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.

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.

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.

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.

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.

Fuds are normal as other want to see more dip so that they can accumulate at more cheaper price and looks lik3 fud spreading is not done yet as the the market is so bloody today, let see how it go today since if the price countinuously drop we might see the price hit at 30k$ price level.

It looks like a bear market is in sight. I have since expected this retracement in price but its retracement levels will determine  whether or not we have seen the bear market season. I have decided to look towards my instincts as we have seen by the price actions within the last 24 hours.

LOL. Hilarious how new accounts push FUD every time we have a drop.

I predicted this. You guys ain't listen .

Well it is an opportunity to buy, not an opportunity to panic, people.
Regardless just hodl, everyone.
Don't let whales take your money just because you think the market doesn't go into your favor.

A glaring example of a shitty poster. Not only does he open one stupid topic with a trashy statement but no real argument, but he then opens another stupid topic with almost identical content.
If we enter a bear market how long it will last?

And it was so close that we'll never see him again...


Well, turds on a man who doesn't keep his promises. 

These kinds of posts are quite funny.  Normally made by brand new accounts and our spouting out some sort of "sounding the alarm" type post, when in actuality they have no clue what's really going to happen moving forward.  You provide no numbers/no proof , no nothing behind your claim.  How are you so lucky that you know all this info and others dont?

When you are just new into this market then you would easily freak out when you do see drops of -10% to -15% a day or a short span of time.Also, if you do try to look into the prices again
then its already starting to cling up once again which a usual thing that do happen from time to time.Corrections then Recovery and as a trader or investor then you should
really be wise on making out your positions for you to make profits or income out of these movements or volatility.This is what of the most common reason
on why people do really love to deal with it.

The truth is that about 10,000 Bitcoins were taken out of exchanges during the Bitcoin price drop. Today I saw a rebound in Bitcoin along with other altcoins in the market.
This is good when this price drop is similar to the previous one, Bitcoin's price drop is an opportunity to bottom out. As long as Bitcoin is scarce on exchanges, its value still has a chance to increase.

This has been going on for ages here at the crypto community, it's not like this is the end of the world for us because we all are confident that we'd get more of this in the future, quite possibly along with ATHs as well. So don't FUD, rest your feet on something comfortable, probably crack open a cold one with the boys, because this bear market will not be the end of bitcoin. Neither will the future bear markets be its demise.

We all hope that the market will recover but well that is BTC for you, today it is surging, tomorrow it is dumping but one thing I know a Bull trend has its hiccup namely higher low, that is when Bitcoin take a break from its surge and take some correction before surging again.  Who knows maybe next time when the BTC market records it another higher high it is to break the $65k barrier.  All we know it fell short last time @ $64,805.00 on Apr 14, 2021.

is it likely to go up again bro? So after the bulls continue to circulate rumors for people to buy the price dip? if the probability goes up I will buy some more bitcoins

the issue of fud from a big country is very influential in crypto, I am annoyed when I wake up to see the red market and my pnl is also a lot minus

its not as if there wont be a dip, and most times it dosent come in an expected way. moreso we are still in bullish season and you wont expect market to go in one way. the way you want it to go up some people also want it to come down. thats the beauty of the market. this is not bear yet.

People panic and one way to release that panic is to say something like this. If we compare it with the last decade of bitcoin, are you going to say the price today is in the correction stage? I don't think so. Common, we are now back to 55k level. Do you think it is in the bear season comparing it to previous years? Why people can't appreciate of what bitcoin accomplished. As you said, this is only a correction that should happen in a normal market. People should not make this a big deal as if bitcoin goes back to 10k level.

Seriously, do we need a new "we entered bear market" topic every time that we see 10-15% correction? I thought by now people won't even twitch at these price movements (I know I didn't) and these kind of corrections as we have seen those so many times before.

In short, nothing out of extraordinary happened. Some people took out the profit and we will see attack on the new all time high soon. As simple as that.

Bear market is likely to come early but this is not the beginning of a bear market. Its a money game and technical analysis may not be enough to determine the position we are in the cycle except for comparison with previous. A lot of shorting had happen in the past few weeks with the aim of longing into the end of the year, Have not seen any remarkable price movement of Ethereum to produce a good ATH from the previous and many coins especially the bitcoin hardfork are still far from ATH as coin on the top 100 on coinmarketcap.

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.

I hodl. But not btc.

I have bnb, ada, eth, theta, ltc

don't panic, don't cut losses....bear market correction is a natural thing, like a wave that sometimes ebbs and up.  If you panic and sell your coin, there will be lots of smart people out there buying it.  

don't be afraid be strong hand, you are not alone....Let's Hodl together.

Is unpredictable Is just what I think that will happen.
I''m sometimes wrong I'm just often right.

People HODL and relax. Even if BTC goes down to $30K I'm more relaxed than ever because I know how much it will go up. You have to see the whole picture, don't get driven by temporary feelings.

Can I borrow your crystal ball? I want to know when I should buy my bag of bitcoin.

Seriously dude, the year is still long. The last time we see a bull run a 10% dip is a normal occurrence. The support still looks strong. Well, congrats on predicting the bear market, hopefully you made some money.

The bitcoin fairy tale is full of holes and continues to be driven by nothing more than emotional traders and pretty charts. With those charts not looking so pretty anymore, bitcoin's fundamental flaws will rise to the forefront and worsen its young bear market.

Bitcoin goes up and then pulls back. It's been this way for years. People say it's volatile. Only if you are a day trader trying to makes plays on swings. HODLERS are always getting richer when compared to fiat, but who's comparing to that tired government-banking cartel dinosaur?

Whether the market is in a bear market or not, you're missing a bigger picture. Just zoom out a bit.
I'm actually relieved that we're getting a break.

Lol, a newbie predicting that we are in a bear market, Last January and February we saw bitcoin lost 23%-26%, so even if we go to 30%, which I don't see happening, could really be just a dip.

As you have said this crypto is unpredictable and yet you are saying that we are in a bear market. You totally contradict yourself.

I don't know whether we are in a bear market from now on but there has been a huge downfall in the market its's for sure. For example, in only one night, Bitcoin price dropped down to 52.8k dollars. It's really huge. I wonder whether we will see it continuing. The price is between 54-55k now.

It's just source-less rumors that launched a bearish swing although I don't think it's sustainable. Even if true, whatever those institutions have done through crypto is exactly what all the other institutions are currently doing in fiat. Yet, one of them endangers the fiat system while the other doesn't.

I don't think we're going down much, unless more negative news come up.

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.