We exited the bear market earler than expected - page 4.

Wind_FURY

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Quote from: perfect999 on June 06, 2021, 01:22:52 PM

Quote from: Wind_FURY on May 24, 2021, 07:31:25 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.

Well I can’t tell you for sure whether we entered the bear market or not. There are still lots of people these days who don’t want to believe that we are in the bearish market times, some of them are still making predictions that we are going to get to a price that is above hundred thousand dollars and some are still predicting higher prices than that.

I do know that it is quite possible, especially when whales gets involved, because they are able to pump in huge amounts of money that will make the price to start increasing again. Anyone who has invested and lost money, it’s best to keep on with the Hodl and wait for the price to increase.

Because that “bear market” came very fast, you question if it truly came! Hahaha. To tell you the truth I was half-joking when I started the topic, BUT if the price fell slowly from $60,000 to $30,000 in more than 1 year instead of a mere 3 to4 weeks, everyone would surely be saying it’s a bear market. It’s a matter of perspective. Zoom out and look at Bitcoin’s trajectory for 10 years. Is that a “bull” or “bear” market?

perfect999

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Quote from: Wind_FURY on May 24, 2021, 07:31:25 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.

Well I can’t tell you for sure whether we entered the bear market or not. There are still lots of people these days who don’t want to believe that we are in the bearish market times, some of them are still making predictions that we are going to get to a price that is above hundred thousand dollars and some are still predicting higher prices than that.

I do know that it is quite possible, especially when whales gets involved, because they are able to pump in huge amounts of money that will make the price to start increasing again. Anyone who has invested and lost money, it’s best to keep on with the Hodl and wait for the price to increase.

nurilham

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Is this sure that now is the starting of the bear season? But, I am pretty sure that this is not the end of the bullish season. There may be still a chance for this year to have the bullrun like in Q4. Well, let's see.

And you are right. So many FUD is spreading around the world about cryptocurrency. Moreover about BTC. Bad news comes from big countries like the US and also China that make the Bitcoin price dropped very drastic a few weeks ago. Ad additionally tweets by Elon that always make the crypto market not clear enough.

kpierce77

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Quote from: SacriFries11 on June 05, 2021, 10:24:55 AM

Quote from: Gozie51 on May 24, 2021, 11:36:31 AM

We may not have even entered the bear . Remember it was not natural that price deeped. Elon musk was really in the busines and that was a major reason for the dive down and if not that, maybe price could still be around above $55k. So maybe we can say correction and the bear isn't triggered yet or may not even trigger anything below.

I think we need this deep in order for the price to bounce back even greater. It’s like preparing for the next bullish market that will break the all-time highs. Altcoins will surely follow that trend and create the next altcoin season. I think it’s a short bear market due to some bad news and unwanted regulations that affects the price of the cryptocurrency. As you can see now, we’re in the track going back to $55k and I’m sure it takes time before we reach another all-time high.

I believe that if bitcoin is able to survive the $30k price level, then bitcoin will again find its way to bounce back to higher price levels. regardless of what Elon has done the last few weeks, I believe the bullishness this time is quite different, and maybe the market cycle has started by now

Silberman

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Quote from: leea-1334 on June 03, 2021, 11:41:57 AM

Quote from: Silberman on June 02, 2021, 03:43:20 PM

I agree, people jump to conclusions too quickly these days, how can we be out of a bear market when we are not even out of the bull market to begin with? And even if the months that follow prove that we are not in a bull market anymore this is not going to prove that we are in a bear market already as we could be in one of the many moments in which the price of bitcoin just stagnates and does not do anything for months or even years until the next bull market comes.

Right? When prices are still almost 2x ATH for BTC and more than 2x ATH for ETH,,, how can we say we are in a bear market. New defi pools popping up every day, new IDOs launching left and right.

This is so much similar to 2017 that we cannot ignore it. Bear market coming yes,,, but it is NOT here yet:)

Most likely the ones that are saying that are complete newbies that until now probably never faced any adversity in this market, bitcoin has the tendency to spoil people and even if it may seem as if the price will always go up we know this is impossible and that is when a correction happens, however this is not only a great opportunity for those that know what is up to buy cheaper coins, this will also improve our chances for the bull market to continue as weak hands are leaving the market and selling their coins to strong hands.

todiefor17

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The bull market has been going on for months and we've only seen the market stops growing for a few weeks. It is difficult to conclude what phase the market is in. As long as Bitcoin remains in the $30k to $40k range, there is still a question mark for traders and holders. I hope the end of the bull market doesn't come so soon.

SacriFries11

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Quote from: Gozie51 on May 24, 2021, 11:36:31 AM

We may not have even entered the bear . Remember it was not natural that price deeped. Elon musk was really in the busines and that was a major reason for the dive down and if not that, maybe price could still be around above $55k. So maybe we can say correction and the bear isn't triggered yet or may not even trigger anything below.

I think we need this deep in order for the price to bounce back even greater. It’s like preparing for the next bullish market that will break the all-time highs. Altcoins will surely follow that trend and create the next altcoin season. I think it’s a short bear market due to some bad news and unwanted regulations that affects the price of the cryptocurrency. As you can see now, we’re in the track going back to $55k and I’m sure it takes time before we reach another all-time high.

Wind_FURY

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Quote from: titular on June 02, 2021, 03:43:53 PM

Quote from: Wind_FURY on May 24, 2021, 07:31:25 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

This is a bit premature

It might be, but from an investing standpoint, we should be considering the crash as a gift! How many of you said you wished you could buy Bitcoin priced at $30,000 while it was priced at $60,000? Raise your hands. Cool

awik p

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Quote from: zanezane on June 03, 2021, 05:47:54 AM

Quote from: sportclub2010 on June 02, 2021, 03:12:04 PM

I can't say for sure whether we got out of the bear market or not, but I can say with certainty that people believe that Bitcoin will grow. Otherwise, they would not buy it now and the price would fall further.

I would give about a week of stable and green prices in the market before saying that we have got out of bear market but that is pretty subjective because there are people who bought in 50k and they will think that we are still on the bear market compared to a guy who bought when the prices dipped to 30k.

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

jaberwock

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Quote from: AicecreaME on June 03, 2021, 03:15:43 AM

I think we haven't entered the bear market yet. What happened a few weeks ago was just a normal scenario in the cryptocurrency world. It has a volatile nature that's why we should expect a sudden value hike or decline every time. The prices bounce back anyway after several days or weeks. You just need to have long patience to minimize your losses. After all, it is just a paper loss not until you already sold it at a lower price than how much you bought it.

If ever we'll enter the bearish market soon, it will be a great opportunity to buy those coins that show potential to have a price surge when the market recovers and enters the bullish market. You see, the majority are smart during the bull market because it is the pumping season. However, only the real geniuses come out when bearish market season enters.

I do not think that it was "normal" market moves, it dropped over 50%, how could you say that it is normal to drop over 50%+ I mean that is a huge drop that is only acceptable as a huge crash and nothing more.

We do not have to make it seem normal neither, just buy more and wait, market does drop and crash which is understandable but it is not normal, what is normal is about 5% or at most 10% changes a day, those are totally expected but anything more than that is a very volatile day and when you have something as much as 50% drop that is a huge crash, it is definitely a bear market without a doubt and we are still in it even with the increases because we were over 50k and now we are barely trying to go over 40k and stay there, that is a huge drop that haven't been recovered. There were times during the past year where we dropped and then recovered but this is not one of those days.

leea-1334

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Temporary forum vacation

Quote from: Silberman on June 02, 2021, 03:43:20 PM

I agree, people jump to conclusions too quickly these days, how can we be out of a bear market when we are not even out of the bull market to begin with? And even if the months that follow prove that we are not in a bull market anymore this is not going to prove that we are in a bear market already as we could be in one of the many moments in which the price of bitcoin just stagnates and does not do anything for months or even years until the next bull market comes.

Right? When prices are still almost 2x ATH for BTC and more than 2x ATH for ETH,,, how can we say we are in a bear market. New defi pools popping up every day, new IDOs launching left and right.

This is so much similar to 2017 that we cannot ignore it. Bear market coming yes,,, but it is NOT here yet:)

zanezane

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★Bitvest.io★ Play Plinko or Invest!

Quote from: sportclub2010 on June 02, 2021, 03:12:04 PM

I can't say for sure whether we got out of the bear market or not, but I can say with certainty that people believe that Bitcoin will grow. Otherwise, they would not buy it now and the price would fall further.

I would give about a week of stable and green prices in the market before saying that we have got out of bear market but that is pretty subjective because there are people who bought in 50k and they will think that we are still on the bear market compared to a guy who bought when the prices dipped to 30k.

AicecreaME

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I think we haven't entered the bear market yet. What happened a few weeks ago was just a normal scenario in the cryptocurrency world. It has a volatile nature that's why we should expect a sudden value hike or decline every time. The prices bounce back anyway after several days or weeks. You just need to have long patience to minimize your losses. After all, it is just a paper loss not until you already sold it at a lower price than how much you bought it.

If ever we'll enter the bearish market soon, it will be a great opportunity to buy those coins that show potential to have a price surge when the market recovers and enters the bullish market. You see, the majority are smart during the bull market because it is the pumping season. However, only the real geniuses come out when bearish market season enters.

titular

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"Stop using proprietary software."

Quote from: Wind_FURY on May 24, 2021, 07:31:25 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

This is a bit premature

Silberman

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Quote from: leea-1334 on June 02, 2021, 10:13:02 AM

Quote from: BigBos on June 02, 2021, 01:38:55 AM

today we are going to take a look at some people saying whether they will actually buy crypto assets or not, because when a lot of cryptos hit new ATH, many people wrote “if only I bought at a low price”, “wow, this could make me rich if I buy at a low price yesterday". and well, now the prices are back on discount, and those guys are getting their chance again. I'm just wondering, when prices go up again, whether they have taken advantage of the current decline or not.

First of all,,, I do not think we have exited the bear market (because we did not actually enter it at all. The crash of the past few weeks equalized the sudden rally that was brought on by Elon Musk. We are still not yet out of the bull market guys.

So yes, plenty of people will look back with regret but there is still time to get in.

I agree, people jump to conclusions too quickly these days, how can we be out of a bear market when we are not even out of the bull market to begin with? And even if the months that follow prove that we are not in a bull market anymore this is not going to prove that we are in a bear market already as we could be in one of the many moments in which the price of bitcoin just stagnates and does not do anything for months or even years until the next bull market comes.

sportclub2010

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I can't say for sure whether we got out of the bear market or not, but I can say with certainty that people believe that Bitcoin will grow. Otherwise, they would not buy it now and the price would fall further.

mindrust

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What makes you think that we exited the bear market? There is absolutely no sign of that happening imo. Bitcoin can still crash another 50% from here and nobody would be surprised. Don't listen to the OP and make big purchases right anyway. It is a big gamble to buy right now. Remember the earlier bear markets, bitcoin always crashes around 80% from its ATH. I wouldn't get in before a mega crash like that happens.

SquallLeonhart

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Quote from: goldade on June 02, 2021, 06:27:25 AM

I wouldn't call the drop in the price of bitcoin a bear market. I would call it a correction. Over the past few weeks before the correction, there have been tremendous surge in the price of bitcoin. Bitcoin making and breaking new ATHs even within the space of a week. So it's only normal that there's correction such as this.
If we didn't enter the bear market, we definitely didn't exit it. Maybe the correction is over and the price of bitcoin is back on its way up. You, should, however know that no one can accurately predict what will happen.

A correction would be about 20%, even a 30% could be a good correction if it was decently recovered afterwards. However we moved from the peak of 64k to eventually at a 30k price which is definitely not something that I would be willing to call a correction, that is more than a 50% drop, that is about 55% drop and that is called a bear market in my mind.

I understand that we went up a bit but it is not enough, we need to be over 40k+ and then stay there for a while as well for it to be a correction. However there is really nothing wrong with being in the bear market neither it is fine and I understand how good it can be for people who would be willing to buy during this period because it would allow you to make a x2 easier this way and that is why I think bear market is not as bad as people make it out to be. We do not have to deny existence of bear market, we need to embrace it.

Karartma1

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I'd wait a bit more to call the bear market finished, also because if Doge pumps so hard amid coinbase listing there's still some crazyness around.
Talking bitcoin, which is hovering below 40K I guess it's really about time to see what's next but I expect a slow summer, no more than 45K for a top.

Vatimins

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Blue0x.com

We cannot be sure yet because even with the price trading at $38,000 as of this moment, there is a huge chance of it retracing back to lower prices if it doesn't overcome the $40,000 resistance. If this happens, we can go back $34,000ish support and if this doesn't hold we can potentially go back to as low as $29,000-$30,000. Although I cannot be entirely sure about this, this is what I can understand while I watch the candles. So, everyone must still exercise great caution in buying Bitcoin, more so, in buying alternative coins. Good luck everyone!

Topic: We exited the bear market earler than expected - page 4. (Read 1094 times)