Topic: We entered a bear market earlier than expected (Read 412 times)
I don't know if there is a record kept, but this would be the bear market that will affect so many people, after so many bought bitcoin after it kept on breaking it all time high consecutively, with the level bitcoin reached the current price, is a quick contrast to it, and the season change has dawned on the crypto-currency atmosphere, the more experience will square off this new reality professionally, for Newbies, the will bank on the knowledge they have learnt, some will panic, some won't.
I wouldn't say I'm expert but I was expecting the very moment bitcoin was unable to break $63k, not until Elon spoilt the fun of making quick cash from shitcoins.
Some investors don't want to hear this, the bear market is in already and this will take while before we break bitcoin all time.
Earlier today, there was another FUD that China raid Houbi office, I don't know how through this is but the market keep plummeting non stop. It's safer to bag some profit in usdt because of opportunity cost. Don't listen to people who always hold.
Some investors don't want to hear this, the bear market is in already and this will take while before we break bitcoin all time.
Earlier today, there was another FUD that China raid Houbi office, I don't know how through this is but the market keep plummeting non stop. It's safer to bag some profit in usdt because of opportunity cost. Don't listen to people who always hold.
What? He controls the Bitcoin market as well?
Bitcoin came all the way to $36k without his help. That's his entry point and that's when he purchased it. It's just FUD. Buy it. How? Buy more Bitcoin.
Again with the massive thread whenever Bitcoin falls but when it goes up most people will be silent about it while tasting their success.
They just grin in front of their computers without even making an effort to spread the good news.
But when it's bad news, they are all coming back from the dead.
Nobody can say he "controls" the market that is not possible, he definitely does have an impact but having an impact and controlling are two very different things. I personally believe Elon can drop or increase the price with a few tweets and that's true, but when we are in a bear market he doesn't take that risk and that is the proof he just has an impact and not a power.Bitcoin came all the way to $36k without his help. That's his entry point and that's when he purchased it. It's just FUD. Buy it. How? Buy more Bitcoin.
Again with the massive thread whenever Bitcoin falls but when it goes up most people will be silent about it while tasting their success.
They just grin in front of their computers without even making an effort to spread the good news.
But when it's bad news, they are all coming back from the dead.
Let's say when bitcoin bottomed as much as 34k the other day, would he have the talent to tweet about how awesome bitcoin is once again? Say something like " bitcoin miners are dangerous to world but bitcoin itself is the new currency whole world will use in the near future", that way he would have the chance to clear what he said, and clear why he still supports bitcoin itself, and that would have not increased the price at all because it was a bear run day, that is why he stayed away. Once again, he has an "impact" not control it.
No matter how much influence Elon Musk has over the market or in bitcoin particularly, he still doesn't have the capability to control bitcoin completely. Indeed he can manipulate the price through his influence and money but sooner or later, bitcoin will surely recover and those like you who are saying that we have already entered the bear market will regret not choosing to hold or invest in bitcoin. Try looking at the bigger picture and you will notice how much more powerful bitcoin is compared to Elon Musk regardless of having him as a billionaire.
OP, did you actually believe a billionaire-troll in Twitter will start a bear market? Plus if the market truly crashes, then crash the market until Elon Musk cannot sell with profit. Hahaha.
HODL.
HODL.
This is what people believed because every tweet he does makes people do something. If he said he is selling his coins, the orices drops to. Market doesnt look like its crumbling but it just dip.
Its not confirmed that we are yet in the bear market so we will see it when the supports on 42k will breakout, it could make traders panic.
Zoom out to the maximum, and ask yourself, is Bitcoin truly in a bear market? I believe from that context, Bitcoin looks so much like it is in a Super Cycle. Or maybe I’m only being biased because I HODL. Hahaha, but we already knew of Bitcoin’s volatility.
We entered a bear market earlier than expected
The prices won't go up anymore from now. People say Elon control the Dogeocin market. But he controls Bitcoin at the same way.
The prices won't go up anymore from now. People say Elon control the Dogeocin market. But he controls Bitcoin at the same way.
I guess it's all about the perspective! I thought a bear market will come earlier, so in my opinion, we had a very long bull market! I thought we had top at $30k, then we saw $40k and a bit later $50k... I thought that's the new ATH, but no... Bitcoin went over $60k! To be honest I didn't expect that to happen...
And now we are going down, slowly or faster, depends on the day! I guess it's not over, downtrend can last for a while! So get your money ready for buying cheap coins!
What? He controls the Bitcoin market as well?
Bitcoin came all the way to $36k without his help. That's his entry point and that's when he purchased it. It's just FUD. Buy it. How? Buy more Bitcoin.
Again with the massive thread whenever Bitcoin falls but when it goes up most people will be silent about it while tasting their success.
They just grin in front of their computers without even making an effort to spread the good news.
But when it's bad news, they are all coming back from the dead.
Bitcoin came all the way to $36k without his help. That's his entry point and that's when he purchased it. It's just FUD. Buy it. How? Buy more Bitcoin.
Again with the massive thread whenever Bitcoin falls but when it goes up most people will be silent about it while tasting their success.
They just grin in front of their computers without even making an effort to spread the good news.
But when it's bad news, they are all coming back from the dead.
If this is the bear market then we should probably just hodl our bitcoin or accumulate more until it goes back up again this is nothing compared to the 2018 price dump so I wouldn't worry too much about it, the bull will always appear and when that time comes, I want to have a lot of bitcoins to sell.
Better not to eat your words about hodling because it will probably take 3 to 4 years before we can safely say that bitcoin has recovered. A lot of people give up hodling along the way and I hope that you won't be one of them. Regarding the entrance to bear market, I don't think that we got in early, we might be a bit late if you ask me.
I don't think this is already a bear market. Recent dump was because a lot of fud has been spreading lately and many people are affected by it that they start to panic selling. This is a big opportunity for many people to buy at the current price of bitcoin and altcoins and I'm sure many whales who didn't got to the previous rally are waiting for this moment. Plus I don't think we will go below $30k at this point. Once market goes up again, 20% gain would be very achievable.
Let just say that this is a bear market but most probably this dip is because of what Elon Musk doing, this time is the best time to buy more bitcoin and keep holding it, we have now a good chance to buy in dip, most probably bitcoin will recover within this month or next month, so let us just not waste the opportunity to buy more, the dip is just the effect of Elon Musk's keep on pushing Dogecoin to the moon, we now see a red in the market because of him, so basically a one-person manipulating the market will not last for too long.
Depending on what level of the exchange rate price is considered a recovery and depending on what level of price the market will have to recover from 
I am not sure that bitcoin will recover during this month to the level of $ 60,000 and would be happy if the price fluctuated around 40-45,000 over the next few months, and did not go lower in the corridor to $ 30,000. I sincerely hope that this is not yet a bear market in the coming summer months, we will be in a sideways position, not much rising, but not much falling. I think that the main growth events will begin starting from September.
my friend, start earning extra coin by short trading just for a few days. he take from bitcoin itself and other coin, but it can make a good profit.
my point, some people will hold theirs until the price blow up, and the other start earn by other way without taking big risk.
never worry about this state, because people already face it before
my point, some people will hold theirs until the price blow up, and the other start earn by other way without taking big risk.
never worry about this state, because people already face it before
This shows how much influence Elon musk has on crytocurrency with just one tweet bitcoin lost almost fifty-percent of it's value.However I don't think we are into bear market just yet because as some are dumping others are buying the dip It will just take for prices to recover from the correction.
Bitcoin is not really at its dip price so i cannot tell that we are already in a bear season. What we have right now is more of a healthy correction that will enable new investors to enter into market and buy potential coins definitely bitcoin.The bear season is gonna happen for sure as the market will continue to dump but let's face it together without worries because in the real sense, bearish season is a great opportunity to start filling our bags again with potential and affordable coins.
This shows how much influence Elon musk has on crytocurrency with just one tweet bitcoin lost almost fifty-percent of it's value.However I don't think we are into bear market just yet because as some are dumping others are buying the dip It will just take for prices to recover from the correction.
We entered a bear market earlier than expected
The prices won't go up anymore from now. People say Elon control the Dogeocin market. But he controls Bitcoin at the same way.
We can't predict the Billionaire minds. They'll play any way to make money. As there are Whales in the market their holdings have the ability to make changes in the market. This is what happening at the moment. As you've said, in the way of taking control of dogecoin he is keeping the bitcoin under control. This is just an outlook we've got over the prevailing market. In reality he might be playing a big game unknown to the entire community.The prices won't go up anymore from now. People say Elon control the Dogeocin market. But he controls Bitcoin at the same way.
Absolutely I agree. this is much more than bear or bull. The pandemic we are in and the accompanying economic instability have caused these quarterbacks to enter to blockchain.
We will see together by living what awaits us.
I really didn't expected this to happen but I got in very early so I am not bothered about the drop as of right now, it can drop another 50% before I would be worried about the situation, but I can honestly say that this is definitely looking like a bear run for sure, it is not a "correction" anymore like the previous ones.
Let's be honest with each other there were like nearly 10 times in the past 1 year when the price dropped but then went up higher, it kept going down 20% and then going up 50%+ and that way we went higher and higher, so anytime price dropped people started to not care and keep buying because they believed it was nothing important and since we always got back higher they were right. However this time it looks different, from 64k to 34k is not something that can be called a correction anymore, it is a full on bear run we are in for sure.
Let's be honest with each other there were like nearly 10 times in the past 1 year when the price dropped but then went up higher, it kept going down 20% and then going up 50%+ and that way we went higher and higher, so anytime price dropped people started to not care and keep buying because they believed it was nothing important and since we always got back higher they were right. However this time it looks different, from 64k to 34k is not something that can be called a correction anymore, it is a full on bear run we are in for sure.
As I write this, bitcoin is at $36,810--one hell of a drop in roughly a week, but that doesn't mean we're in a bear market. A bear market is a trend that has to be established, and if you look at bitcoin's price chart there is still an upward trend with this massive dip that just happened. I'd call this a selloff instead, and this time I have to put the blame on Elon Musk and his statements and possibly his sale of bitcoin for it. I can't think of any other reason for a crash of this magnitude.
Let's see where bitcoin is in a month or so before everyone declares a bear market. There's a good chance it'll bounce back if people see this as a great buying opportunity and put their money where their mouth is.
Let's see where bitcoin is in a month or so before everyone declares a bear market. There's a good chance it'll bounce back if people see this as a great buying opportunity and put their money where their mouth is.
I half agree with your opinion that it is generally the decline in prices over a period of time that determines whether the market is bearish or not. However, if every day the market corrects 20-50%, until within 1 week the market does not show any significant changes, can this not be another indicator for a bearish trend?
As I write this, bitcoin is at $36,810--one hell of a drop in roughly a week, but that doesn't mean we're in a bear market. A bear market is a trend that has to be established, and if you look at bitcoin's price chart there is still an upward trend with this massive dip that just happened. I'd call this a selloff instead, and this time I have to put the blame on Elon Musk and his statements and possibly his sale of bitcoin for it. I can't think of any other reason for a crash of this magnitude.
Let's see where bitcoin is in a month or so before everyone declares a bear market. There's a good chance it'll bounce back if people see this as a great buying opportunity and put their money where their mouth is.
Let's see where bitcoin is in a month or so before everyone declares a bear market. There's a good chance it'll bounce back if people see this as a great buying opportunity and put their money where their mouth is.
Nope, I don't think that we have entered earlier, if we were comparing it to 2018, I think that we have overextended our stay in the bull market rather than being early in the bear market.
The problem with Bitcoin is that the users expect the prices to go up forever. They are not prepared for any correction. And as a result when the correction occurs, the vast majority of the users will be unprepared. A lot of people actually believed outlandish claims that Bitcoin would touch $250,000 or $300,000 in a few months time. And some of the users didn't even booked their profits when the prices surged past the 50K level. Now I won't be surprised, if the prices go back to 30K-32K levels.
I'm with you on all this, I took my profits out almost at the top, I would now be quite happy for it to drop again back to sub 30k levels and then we can all start again.
Its a simple game really buy low sell high, who gives a shit what Musk does ? BTC will do what ever the hell it wants its just a matter of buying on the dips.
TT
We entered a bear market earlier than expected
The prices won't go up anymore from now. People say Elon control the Dogeocin market. But he controls Bitcoin at the same way.
So even at this time you still thought that the price was going to keep on growing? How long have you been here? If you have really been here for a long time and followed up with cryptocurrency for a long time from maybe 2013 to 2017, and to now, then you will know that this bull run really lasted long. And moreover you’re not hundred percent that the bull run is over because it can still continue at anytime.The prices won't go up anymore from now. People say Elon control the Dogeocin market. But he controls Bitcoin at the same way.
We have seen a few things that has happened that led to the decrease in the price of Bitcoin, from the Elon Musk tweets that the media has bee trending, to the new Chinese ban that we have been seeing now. But we still hope that the market will get back up again, it’s just a matter of time.
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