We exited the bear market earler than expected

South Park

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Quote from: Wind_FURY on August 22, 2021, 08:15:26 AM

Quote from: South Park on August 19, 2021, 04:39:25 PM

A bear market after a bull market is inevitable and that is just part of how the economic cycles work, and despite the innovation brought by bitcoin it cannot escape this reality as bitcoin is still traded by humans and we have the tendency to repeat the same kind of mistakes in all the markets, however I had no doubts that what we saw so far was not a bear market but a very heavy correction, and the recovery we have been experiencing tells me this is the case and we are yet to experience the real all time high of this cycle.

Shower thought, but what if the “heavy correction” of -50% happened from June to December, the same crash, but a longer time frame. That’s six months. Would you, and others, then start to consider that to be a bear market? Plus Google “bear market definition”. What’s the first result?

Yes, that to me would have been a bear market, a bear market is a long sustained negative trend, what we saw was just a heavy correction that was increased because many people were overleveraged and they got margin calls creating a domino effect, but after the correction the price just remained static and did not go down anymore, so it was a correction, while for some there is no difference in losing 50% of their money in a few days than to do so in a few months the subsequent behavior of the market will be very different depending on the circumstances in which the drop actually happened, which is why this fast recovery does not surprise me at all.

Rexler

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The market crash was supposed to be a good opportunity for everyone but unfortunately many people taught it's a full bear circle which just started and didn't grab this opportunity, the FUD created by the China government and Elon Musk made most people in the crypto world to loose hope on crypto rising again this year, but luckily for us all we are in a bull run season 2 so suddenly, well the brave ones who bought the dip are all in good profit right now.

Chathusand

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Even though the bear market appears to have finished, we need not give up just yet. As long as we continue to execute things correctly, the bull market will resume. Take advantage of the current circumstances and continue to believe in the market's recovery. Many individuals have already had big regrets after witnessing the bull run that reached $65k, so don't make the same mistake again and get hustlin while there's still time.

zanezane

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Quote from: awik p on June 03, 2021, 11:58:16 PM

Quote from: zanezane on June 03, 2021, 06:47:54 AM

~

I think it depends on the plan of the trader himself in taking the risk and rewards. There are people who buy when it's $50k, but they only use part of their capital, and when it's $30k they buy back. he sees that the trend is still bullish, so he buys at every support he believes in, and because this decline is considered only a market correction

It was at the back of my mind but I disregarded it but you're right, they could do that and I think that I would be doing the same thing and hopefully I can make some out of it although my question is what happens if they didn't put all in in 50k and it continues to rally?

tygeade

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Everyone may have their say but the truth is that none of us actually know when it will go up or down. Not just that, we don't know a precise reason why a bull or bear run occurs. The best and only part of this price mystery I know is that the overall movement in the long term will be positive which is what matters for investors.

I have seen guys doing silly things and there were some friends of mine who despite getting warned multiple times, they ended up buying dogecoins at around a dollar. Similarly, there might be people buying bitcoins at the peak but the good news is that bitcoins are precious while doge is worthless. This is where the long-term value saves you despite a bad trade.

SirLancelot

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Quote from: kayiboyu on August 22, 2021, 05:57:45 PM

There were a lot of FUDs back then. And it seemed like there was no way that we were going to be out of the bear market in a short time. I was expecting it to last until the end of the summer at least. But here we are. The market has been on a great run for some time. And it is going on like it won't end soon. I wonder if we will see another bear market in this year. I think we will but it won't last long. We could see just a price correction I think.

For sure, price correction will happen at some point. I actually don't think there will be a bear run at least within the remaining months of this year because we already had a crash just a bit ago.

Maybe the price would settle somewhere around $50k after all the shenanigans. One thing I strongly feel will happen is a small bull run near the end of the year continued to the next year. That's almost inevitable and everyone certainly knows it too. At least those in crypto for years know it for sure.

kayiboyu

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There were a lot of FUDs back then. And it seemed like there was no way that we were going to be out of the bear market in a short time. I was expecting it to last until the end of the summer at least. But here we are. The market has been on a great run for some time. And it is going on like it won't end soon. I wonder if we will see another bear market in this year. I think we will but it won't last long. We could see just a price correction I think.

Wind_FURY

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Quote from: South Park on August 19, 2021, 04:39:25 PM

Quote from: nicecrypto on August 17, 2021, 06:25:06 AM

Quote from: Oasisman on May 24, 2021, 10:57:28 AM

IMHO, we're not in a bear market yet. Not unless we go below the 2017 ATH.
There has been so many FUD that's going around the crypto space, but the current Btc price isn't in the bearish run yet. I still considered it as a high price, but at the same time a good price to accumulate more. Considering how Btc has been rising since last year.

I definitely agree with you. I believe that the market did go very high then and that correction was inevitable and the FUD just happened to follow during the same period. I don't think we are in a proper bear market like we witnessed back after the 2017 ATH and lasted for more than 3 years but could still happen after the current market witness a new ATH above the previous $64+

A bear market after a bull market is inevitable and that is just part of how the economic cycles work, and despite the innovation brought by bitcoin it cannot escape this reality as bitcoin is still traded by humans and we have the tendency to repeat the same kind of mistakes in all the markets, however I had no doubts that what we saw so far was not a bear market but a very heavy correction, and the recovery we have been experiencing tells me this is the case and we are yet to experience the real all time high of this cycle.

Shower thought, but what if the “heavy correction” of -50% happened from June to December, the same crash, but a longer time frame. That’s six months. Would you, and others, then start to consider that to be a bear market? Plus Google “bear market definition”. What’s the first result?

South Park

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I am terrible at Fantasy Football!!!

Quote from: nicecrypto on August 17, 2021, 06:25:06 AM

Quote from: Oasisman on May 24, 2021, 10:57:28 AM

IMHO, we're not in a bear market yet. Not unless we go below the 2017 ATH.
There has been so many FUD that's going around the crypto space, but the current Btc price isn't in the bearish run yet. I still considered it as a high price, but at the same time a good price to accumulate more. Considering how Btc has been rising since last year.

I definitely agree with you. I believe that the market did go very high then and that correction was inevitable and the FUD just happened to follow during the same period. I don't think we are in a proper bear market like we witnessed back after the 2017 ATH and lasted for more than 3 years but could still happen after the current market witness a new ATH above the previous $64+

A bear market after a bull market is inevitable and that is just part of how the economic cycles work, and despite the innovation brought by bitcoin it cannot escape this reality as bitcoin is still traded by humans and we have the tendency to repeat the same kind of mistakes in all the markets, however I had no doubts that what we saw so far was not a bear market but a very heavy correction, and the recovery we have been experiencing tells me this is the case and we are yet to experience the real all time high of this cycle.

alviemery96

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I think things have gotten better since the news of the BTC ban from China and maybe we got rid of the bear market, the control and manipulation of countries like China, and by speculation. My guess is there will be another big bull run by the end of the year and BTC price will go back to $60k.

nicecrypto

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Quote from: Oasisman on May 24, 2021, 10:57:28 AM

IMHO, we're not in a bear market yet. Not unless we go below the 2017 ATH.
There has been so many FUD that's going around the crypto space, but the current Btc price isn't in the bearish run yet. I still considered it as a high price, but at the same time a good price to accumulate more. Considering how Btc has been rising since last year.

I definitely agree with you. I believe that the market did go very high then and that correction was inevitable and the FUD just happened to follow during the same period. I don't think we are in a proper bear market like we witnessed back after the 2017 ATH and lasted for more than 3 years but could still happen after the current market witness a new ATH above the previous $64+

Shasha80

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Quote from: blockman on August 15, 2021, 07:17:43 PM

Quote from: Shasha80 on August 14, 2021, 07:35:26 PM

Quote from: blockman on August 14, 2021, 06:25:13 AM

~

Even though Bitcoin is currently only at $47k, we should be grateful for Bitcoin's achievements. When compared to last year, the price of Bitcoin is
now very high. It is likely that the people who are disappointed with the current Bitcoin price are the ones who bought Bitcoin above $50k.
But that's not a big deal, because I believe Bitcoin will soon return to ATH prices. What needs to be done now is to buy more Bitcoin, so that
the Bitcoin we have can continue to grow. So if by the end of this year Bitcoin can reach another ATH according to many people's predictions,
we can enjoy a big profit.

I won't give that an 'only' for bitcoin. It's seen at $29k and it made back to this price recently so that's really an achievement. Those people that have bought at the top, if they've managed to buy there, they only have to wait or add and buy as much as they can lower than the price that they've bought it before. Also, it's possible that those are the people that have missed buying at the bottom. They feel bad that they didn't follow what was suggested way back when it's lower than $30k.

Not because we missed a purchase when Bitcoin was below $30k, then we felt sorry and didn't do anything. But we can buy Bitcoin at the current
price, actually buying Bitcoin at any price can give us profit. The most important thing is that we can be patient and wait until the price of Bitcoin
rises above the price when we bought it. Due to the movement of the Bitcoin price that continues to rise every year, I think the thing we should do is
just collect as much Bitcoin as possible from now on.

blockman

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Quote from: Shasha80 on August 14, 2021, 07:35:26 PM

Quote from: blockman on August 14, 2021, 06:25:13 AM

Hopefully that it would be by the end of August but the overview that we're seeing to the half of this month, it's truly positive and there's nothing to complain about the move of bitcoin that we're seeing lately. Price becomes stable and support is getting higher, we should reach the ceiling in no time soon. It's not a problem if bitcoin doesn't get to the ATH as long as this price that we're seeing right now is totally maintained, well, what can we ask for with that? it's already a great price since last year despite the pandemic that has ever happened.

Even though Bitcoin is currently only at $47k, we should be grateful for Bitcoin's achievements. When compared to last year, the price of Bitcoin is
now very high. It is likely that the people who are disappointed with the current Bitcoin price are the ones who bought Bitcoin above $50k.
But that's not a big deal, because I believe Bitcoin will soon return to ATH prices. What needs to be done now is to buy more Bitcoin, so that
the Bitcoin we have can continue to grow. So if by the end of this year Bitcoin can reach another ATH according to many people's predictions,
we can enjoy a big profit.

I won't give that an 'only' for bitcoin. It's seen at $29k and it made back to this price recently so that's really an achievement. Those people that have bought at the top, if they've managed to buy there, they only have to wait or add and buy as much as they can lower than the price that they've bought it before. Also, it's possible that those are the people that have missed buying at the bottom. They feel bad that they didn't follow what was suggested way back when it's lower than $30k.

pinggoki

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Most enthusiasts and believers of the coin speculated an upheaval in the middle of this year. So it's not like this comes as a surprise for most people here in this forum. Then again when we put it into perspective, three month's time before a comeback is indeed a small span of duration when you compare it to previous price dumps and recoveries that literally took years. This goes to show that as a growing community, the support we offer to bitcoin and indirectly to the market allows us to recover quite quickly from price dumps, making quick profits in the process.

Quote from: Tahsin Kabir Kollol on August 13, 2021, 01:38:16 PM

It depends entirely on the market situation and there is an upward trend in the market at the present time and for some panic sellers, the market was down for a while. There is a big support in the upward market so that the market is not going down under the pressure of some sellers. But yes the market has recovered very fast which is faster than the expectations of the traders. The market has been slowing down and growing slowly again and this has happened a few times before but the latest growth has been very fast. We expect that cryptocurrency prices will rise all time high again in this way.

An upward trend isn't a good reason for the market to bounce back, at least that's how I think about it. If you come to think of it, graphs are representation of the data collected and aren't the data themselves. So there has to be an ulterior reason as to why this happened, and if the upward trend of the market were ever to be the reason for this pump, I would assume it would only be miniscule.

South Park

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Quote from: Fortify on August 11, 2021, 03:54:17 PM

Quote from: Wind_FURY on May 24, 2021, 08:31:25 AM

We exited the bear market earlier than everyone expected.

The prices might only start to surge from here. Many people said that the Korea FUD, the Elon FUD, and the China FUD will kill Bitcoin. But what it actually did was speed up a 3 year bear market into a 3 week bear market. Cool

There does seem to be a lot of media activity around Bitcoin right now, with more companies getting involved and accepting it (for free publicity). That was the general trend that happened as it rallied up to the all time high of $65k~. Lots of people with big bank accounts and cheap money is certainly fueling every type of asset out there, so investment bank funds are snapping it up right now. That being said, as we've seen previously even the slightest hint of action by the US government against cryptocurrency can have a devastating effect on the price and it seems like the infrastructure bill is having some crypto currency related laws snuck in as part of a package.

It was to be expected, this market is too big to ignore and governments want a piece of it however I think they are going to find out that it is not as easy as they may expect, even if we are slowly going mainstream the majority of those that have adopted bitcoin so far prefer to keep a low profile and to not reveal how much bitcoin they have so they are going to have a lot of problems taxing those people, and I think their expectations about how much money they can get out of this market are out of place.

Shasha80

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Quote from: blockman on August 14, 2021, 06:25:13 AM

Quote from: Shasha80 on August 13, 2021, 06:43:14 PM

Quote from: blockman on August 13, 2021, 06:18:53 PM

But we're already in August. Tongue

Bitcoin to reach another ATH has to surpass the past ATH that we've got. And I agree with you that holding is always effective as it is. You just have to accumulate as many bitcoins as you can or if not a whole bitcoin since it's becoming expensive. Try to catch in decimals until you see your holding grow overtime.

That means maybe at the end of August Bitcoin will return to the ATH price, but expecting Bitcoin to rise above $60k in late August this might take
good news, which is able to trigger the price of Bitcoin to rise even faster. If not Bitcoin may be at the end of August will only reach the price of $50k.
But for me if Bitcoin fails to return to the ATH price at the end of August this will not be a problem, because so far Bitcoin has moved up, and we must
be grateful that Bitcoin is back on the right track. I agree that now we need to collect as much Bitcoin as possible and hold it until the price target
we want is reached.

Hopefully that it would be by the end of August but the overview that we're seeing to the half of this month, it's truly positive and there's nothing to complain about the move of bitcoin that we're seeing lately. Price becomes stable and support is getting higher, we should reach the ceiling in no time soon. It's not a problem if bitcoin doesn't get to the ATH as long as this price that we're seeing right now is totally maintained, well, what can we ask for with that? it's already a great price since last year despite the pandemic that has ever happened.

Even though Bitcoin is currently only at $47k, we should be grateful for Bitcoin's achievements. When compared to last year, the price of Bitcoin is
now very high. It is likely that the people who are disappointed with the current Bitcoin price are the ones who bought Bitcoin above $50k.
But that's not a big deal, because I believe Bitcoin will soon return to ATH prices. What needs to be done now is to buy more Bitcoin, so that
the Bitcoin we have can continue to grow. So if by the end of this year Bitcoin can reach another ATH according to many people's predictions,
we can enjoy a big profit.

SquallLeonhart

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Quote from: Distinctin on August 13, 2021, 05:39:22 AM

I think what we had in 2017 is quite different from this year because i don't see we actually entered into a clear bearish season. Altcoins may have experienced the dips but when we talk about bitcoin, the price is still high when compared last 2017. I think its all because bigger institutions have already backed up bitcoin so when it falls, the price won't really drop drastically.

However, the price becomes even more optimistic today and if i'm not mistaken, we will enter a bullish season early this year. Bitcoin and ethereum are definitely on top and hopefully other altcoins will come up surging too so we can witness the whole crypto market becomes green again.

We did see a 50% drop in bitcoin and almost all other coins as well. That is a huge bearish run if I have ever seen one, I understand that it happened all at once and not throughout a whole period, but that also doesn't mean that we should not call it a bear season, from 60k+ prices to nearly 30k prices for two months, that is a bear run. And we have exited that a lot earlier that expected so people are not considering it a bear season I get that, but that doesn't mean that we should totally forget about it and focus on the price right now alone.

What we had was a classic bear run and that is it, nothing that you can excuse could make it not a bear, everyone saw that it was a bear run and everyone talked about how it was a bear run while we were in it. Just because we got out and now trying to push for 50k doesn't give anyone the right to call it not a bear run.

istiak2277

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Quote from: Wind_FURY on May 24, 2021, 08:31:25 AM

We exited the bear market earlier than everyone expected.

Or the actual bear market didn't start yet. We just saw a major correction in the market after a long bull market. If you checked the previous bear market then you will see it remains that way for several years.

Quote from: Wind_FURY on May 24, 2021, 08:31:25 AM

The prices might only start to surge from here. Many people said that the Korea FUD, the Elon FUD, and the China FUD will kill Bitcoin. But what it actually did was speed up a 3 year bear market into a 3 week bear market. Cool

As I said it was a major correction created by a whale to dry up retails and short-term investors before a bigger bull run. Market still very positive which we can see in massive pump in alts.

blockman

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Quote from: Shasha80 on August 13, 2021, 06:43:14 PM

Quote from: blockman on August 13, 2021, 06:18:53 PM

But we're already in August. Tongue

Bitcoin to reach another ATH has to surpass the past ATH that we've got. And I agree with you that holding is always effective as it is. You just have to accumulate as many bitcoins as you can or if not a whole bitcoin since it's becoming expensive. Try to catch in decimals until you see your holding grow overtime.

That means maybe at the end of August Bitcoin will return to the ATH price, but expecting Bitcoin to rise above $60k in late August this might take
good news, which is able to trigger the price of Bitcoin to rise even faster. If not Bitcoin may be at the end of August will only reach the price of $50k.
But for me if Bitcoin fails to return to the ATH price at the end of August this will not be a problem, because so far Bitcoin has moved up, and we must
be grateful that Bitcoin is back on the right track. I agree that now we need to collect as much Bitcoin as possible and hold it until the price target
we want is reached.

Hopefully that it would be by the end of August but the overview that we're seeing to the half of this month, it's truly positive and there's nothing to complain about the move of bitcoin that we're seeing lately. Price becomes stable and support is getting higher, we should reach the ceiling in no time soon. It's not a problem if bitcoin doesn't get to the ATH as long as this price that we're seeing right now is totally maintained, well, what can we ask for with that? it's already a great price since last year despite the pandemic that has ever happened.

Mahanton

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Quote from: blockman on August 13, 2021, 06:18:53 PM

Quote from: Semar Mesem on August 13, 2021, 09:06:11 AM

What is happening with bitcoin right now makes us worth hoping for a lot, an increase of more than 15% in a week makes a bull run happen soon, I believe in august the price can reach ATH so holding on is the most profitable option.

But we're already in August. Tongue

Bitcoin to reach another ATH has to surpass the past ATH that we've got. And I agree with you that holding is always effective as it is. You just have to accumulate as many bitcoins as you can or if not a whole bitcoin since it's becoming expensive. Try to catch in decimals until you see your holding grow overtime.

For those people who had entered or bought when the price had dipped down on $28k are the ones who do see their portfolio is making some significant gains which i can say that it its really worth of the
risk that they had done earlier where everybody was hesitant to buy on that point due to those rumors that the price might go back to 20k point but it didnt really happen but instead it did past that 40k
resistance and been trying to reach out that 50k resistance once again and now we are moving sideways again and might trying to make some good positioning before it could hit up again that previous ATH.
Who knows on what would happen next because its always been unpredictable.

Topic: We exited the bear market earler than expected (Read 1075 times)