We entered a bear market earlier than expected - page 3.

wahyu wida

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Quote from: Mauser on May 18, 2021, 01:46:45 AM

Quote from: Trixoempire on May 17, 2021, 01:50:56 AM

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.

Unfortunately the party stopped much sooner than we all expected. Elon Musk got probably sad that not many people bought Teslas with their bitcoins so he had to ruin the party for all of us. It's unbelievable how big the influence of Elon Musk is on the crypto market. For all of us long term investors the only thing we can do is wait for the dump to end.

By waiting for the dump to end we can start again to invest long term, thus getting a cheap price. With the release of musk, it did have an impact on the development of cryptocurrency, but I don't think it will last long

Mauser

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Quote from: Trixoempire on May 17, 2021, 01:50:56 AM

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.

Unfortunately the party stopped much sooner than we all expected. Elon Musk got probably sad that not many people bought Teslas with their bitcoins so he had to ruin the party for all of us. It's unbelievable how big the influence of Elon Musk is on the crypto market. For all of us long term investors the only thing we can do is wait for the dump to end.

bitbollo

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I don't see a bear market if there is a correction after another ATH. price can't go up indefinitely, and in a couple of weeks/moths price are likewise the same.
plus, a lot of altcoins (some related to DeFi) are gaining value in a silent but constant way.

Wexnident

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Well, it is influenced by someone, and not really Bitcoin doing its own thing ngl. Elon has quite an influence on some of the investors in Bitcoin, so him talking bad about it inevitably made them pull out of the market. Still, it wouldn't make that much of a difference in the long term imo, temporary damage so to speak. Not to mention that we're still above the $40k mark. Honestly think that a drop below it would actually signal the bear market instead of this one that was man-made by musk.

awik p

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Quote from: Twinkledoe on May 17, 2021, 02:53:35 PM

Quote from: dimonstration on May 17, 2021, 02:46:01 PM

Quote from: Twentyonepaylots on May 17, 2021, 08:40:40 AM

Doesn't really matter if we entered it earlier than expected or if it was dragged out for too long. The fact here that most of the cryptocurrencies in the market upped by a few hundred percent in just a span of 6 months is a successful venture in and of itself. We should just lay-low for now and hope for the best since this might take a long time yet again, but the possibility of us reaching a new ATH is very possible.

A good run from the start of the year, the price may go dip but many aims for t to happen to be able to buy, many regrets they didn't buy before the bullish market happens, now is their chance to wait and buy. If we wanted to buy in we must be updated from this time on because we never know how to dip and how fast it may bounce back once whales or companies enter. This year's dump can be a different story from 2018 as it's more manipulated by companies or more on tweets.

But do you think those people that are wishing that they should have bought before will now buy? I believe, they are scared to what may happen to the market, thinking that it may go down more. But it is their loss of opportunity if they will pass again. The crypto market is indeed different as compared to couple of years ago. There are so many financial institutions and big companies that are also in play here. So I believe, the price can easily bounce back. If we will go up again to 50k, will the OP consider it as bear market? Tongue

When musk announces that it is avoiding bitcoin, of course there will be a lot of price declines, because the effect of the news greatly affects the market, but I think with the decline, many agencies and companies will buy at this low price and eventually the price increase will naturally occur again

snipie

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Quote from: Trixoempire on May 17, 2021, 01:50:56 AM

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.

Any event can push the price down or up. I recall the price dropped after China took down bitcoin exchanges and restricted BTC. I don't recall how many times the price fluctuated with US govs selling seized bitcoins, halving events, famous services closing and scamming people, PayPal joining the race...long list..
Today it is Musk? Tomorrow there will be another event. No need to make things look bigger than what really are. 1 BTC = 1 BTC at the end.

Twinkledoe

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Quote from: dimonstration on May 17, 2021, 02:46:01 PM

Quote from: Twentyonepaylots on May 17, 2021, 08:40:40 AM

Doesn't really matter if we entered it earlier than expected or if it was dragged out for too long. The fact here that most of the cryptocurrencies in the market upped by a few hundred percent in just a span of 6 months is a successful venture in and of itself. We should just lay-low for now and hope for the best since this might take a long time yet again, but the possibility of us reaching a new ATH is very possible.

A good run from the start of the year, the price may go dip but many aims for t to happen to be able to buy, many regrets they didn't buy before the bullish market happens, now is their chance to wait and buy. If we wanted to buy in we must be updated from this time on because we never know how to dip and how fast it may bounce back once whales or companies enter. This year's dump can be a different story from 2018 as it's more manipulated by companies or more on tweets.

But do you think those people that are wishing that they should have bought before will now buy? I believe, they are scared to what may happen to the market, thinking that it may go down more. But it is their loss of opportunity if they will pass again. The crypto market is indeed different as compared to couple of years ago. There are so many financial institutions and big companies that are also in play here. So I believe, the price can easily bounce back. If we will go up again to 50k, will the OP consider it as bear market? Tongue

dimonstration

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Quote from: Twentyonepaylots on May 17, 2021, 08:40:40 AM

Doesn't really matter if we entered it earlier than expected or if it was dragged out for too long. The fact here that most of the cryptocurrencies in the market upped by a few hundred percent in just a span of 6 months is a successful venture in and of itself. We should just lay-low for now and hope for the best since this might take a long time yet again, but the possibility of us reaching a new ATH is very possible.

A good run from the start of the year, the price may go dip but many aims for t to happen to be able to buy, many regrets they didn't buy before the bullish market happens, now is their chance to wait and buy. If we wanted to buy in we must be updated from this time on because we never know how to dip and how fast it may bounce back once whales or companies enter. This year's dump can be a different story from 2018 as it's more manipulated by companies or more on tweets.

Bitstar_coin

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Quote from: Trixoempire on May 17, 2021, 01:50:56 AM

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.

Yeah when people like you give him power to control the market then he will, it is surprising how people react to a common tweet someone who just show interest on btc nor quite long ago, Elon is not a veteran in crypto so why does his tweets hold so much power still beats my imagination, if people ignore all his ridiculous tweets and don't sell btc price will be okey, but no, many people waiting for Elon next tweet to know what to do, how ironic.
Elon making jest of the crypto community.

Princejebs

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Quote from: Trixoempire on May 17, 2021, 01:50:56 AM

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 market is going down and no one knows exactly the messiah of the market right now as Elon is misbehaving recently.
The bottom will soon be in but then I think Elon will become unreasonable and he followers wouldn't take him seriously except for Tesla investors.
Buy the dip, not a financial advice though.

Ararbermas

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Quote from: Trixoempire on May 17, 2021, 01:50:56 AM

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.

yup he already controlled dogecoin and seems he's owning it now.. but not bitcoin wherein he just play with it to make it lower than what we're expecting, wherein for sure despite i do believe that he still have an interest on bitcoin. Because when it comes to him there's always a reason in such things and i know he had a plan to manipulate the pirce of bitcoin after this hard situation in my own opinion.. Remember elon musk is a brilliant guy so don't be fooled..

Altcoinsintel

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Earlier than expected by whom? I expected the bear market to begin right about now. Maybe it could have been 100k, but since trillions of dollars didn't flow in as some were hoping, this was the best we could do.
It is over for the time being, already the spammers from Wall Street sold and their paid accounts in social media are dissappearing.

DarkDays

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Quote from: Trixoempire on May 17, 2021, 01:50:56 AM

We entered a bear market earlier than expected

Is is really sooner than expected? We have had a good run I think with a few good months of bulls. Now, I believe we are beyond the correction line and fors sure the bulls are showing but let this be an opportunity for those that have the guts to buy in.

Quote

The prices won't go up anymore from now. People say Elon control the Dogeocin market. But he controls Bitcoin at the same way.

It is hard to tell. Nobody has a crystal ball and can predict anything about any market. We don't know that prices won't go up. There will be a time when it will but as I say we can't be sure when that'll be. In the meantime, it is best to keep enriching our minds with the limitless info so that we can position ourselves better in the the future.

The Cryptovator

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Your thought is wrong about the price. We can't ignore the volatility of Bitcoin price why it's become the most popular cryptocurrency. I will not call bear exactly as long Bitcoin hold resistance above $40K as I said before. I will call it a pullback because whales just pumped it earlier than expected. As a result, we have to encounter a dump earlier than expected. That's the reason I like the natural growth of Bitcoin. But sadly market can't stand against big whales. We are hopeless here, once whales make positive comments Bitcoin starts the pump. Once make negative comments Bitcoin starts a hard dump. You can't say Bitcoin price won't rise anymore. It would recover at any time that we aren't aware of. Who knows when other whales say positive and start the pump again?

bosede1

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We have up to 5 threads that have treated this same issue because it is the latest topic for discussions and many people have said their plight including my very own self, whatsoever outcome this effect has I will keep holding.

MFahad

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Quote from: Trixoempire on May 17, 2021, 01:50:56 AM

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.

No one can control the bitcoin or the dogecoin (unless Elon Musk bought more than 50% of the dogecoin) Market and bitcoin prices will also go up. This is just a temporary phase which will fade away with time. If you sell in this fud and fear time, you will regret a lot in the future.

StonerStanley

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Quote from: Trixoempire on May 17, 2021, 01:50:56 AM

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.

It doesn't look earlier at all.
And Elon Musk probably doesn't controls Bitcoin, some people are just too stupid to make their own choices.

ethereumhunter

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Quote from: Trixoempire on May 17, 2021, 01:50:56 AM

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.

I do not think that Elon controls the Dogecoin market or Bitcoin market because the crypto market will not depend on him. Maybe this time, the market is making adjustments to the price and we see a red candle happen to the market. I think it is normal to see the red candle because we already see many big green candles coming to the market. If you are ready with the current situation, you will not worry and you will have money to buy back any coins because those coins will be at a low price.

Viscore

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Quote from: Trixoempire on May 17, 2021, 01:50:56 AM

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.

Neither to say that as in the first place, no one is expecting a dump but people are thinking of a long bullish season. And besides, we can't tell now that we are already in the bear season. Maybe we can tell that if Bitcoin price will drop below $20k but fortunately, we are still above $40k, and still high if we compared last bear season's. I could say that we are still far to say that we are totally in a bear season. But of course, we can't really predict what gonna happen a few days from now.

xonar2

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Quote from: Review Master on May 17, 2021, 09:04:13 AM

Quote from: Trixoempire on May 17, 2021, 01:50:56 AM

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.

I would like to say that all those panic users are left this market and nothing else. Market needs mature users who can hodl even in 30-50% correction and panic users are the reason for these type of corrections and it's best to not have them in the next bullish rally. Just look into the chart, bitcoin is making bullish divergence just like the first correction of this year.

Lol, only panic users will think that bitcoin market is controlled by Elon or someone else. Bitcoin is here in this market from the beginning and many people comes and left behind. But Bitcoin isn't stopped yet. So, panic users should keep dreaming that bitcoin is controlled by someone. Wink

It's still up by 450% since last May. Can someone here on the forum point to established old Fortune 500 stocks that have risen 450% in the last year?
Hype stocks like Tesla don't count.

Maybe people have the memory of a goldfish and don't remember in May 2020, a bitcoin was $9000-$10000.
For there to be a true "crash" the price would have to go down to $6000, $5000 and lower.

I am betting the panicking people are gamblers who have bought into BTC in the last few weeks or months and have no idea what is going on.

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