We exited the bear market earler than expected - page 5.

leea-1334

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Quote from: BigBos on June 02, 2021, 02:38:55 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.

Xinarae*

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We started to go down after the bear market exited the expectation than expected but the reason for falling prices is that the market will correct again. With bitcoin ethereum's prices are rising investors must understand that investing money can always be lost thus in order to consider the features of the selected aspect it is necessary to have deep knowledge about the specifics of the work. Also among the disadvantages of investing in the business it should be noted as unequal profits limited control over the situation.

goldade

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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.

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

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.

Taskford

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Quote from: bryant.coleman on May 31, 2021, 01:27:12 PM

Quote from: Argoo on May 31, 2021, 12:40:19 PM

It is too early to say that we have emerged from a short bear market. The bitcoin price is still jumping a lot. So, when I entered the CoinMarketCap table this morning, the price of bitcoin was $ 34,502, now it is $ 37,030, tomorrow everything can happen again. It is difficult to determine in which direction the bitcoin price will move. It is even possible that at these prices we can get stuck for the whole summer. However, in any case, in the fall, I expect the next period of the bull market with new price records.

This time the correction is going to last a few weeks at least, IMO. Last week also we had the prices jumping from $31,000 to $40,000, only to end up again at $33,000. But I don't understand why experienced users are bothered about these fluctuations. Look at the long term picture and check the YoY prices. If you want to compare the exchange rates for May 2021, then compare it with the prices we had in May 2020 (and not with the prices in April 2021). This is the strategy a lot of intelligent traders use in stock market.

Its normal to get panic if those experience user caught up at high price(ATH) then they are bag holding at the current price. Imagine the level of stress gotten by them so for sure many now are worried since if the price would dump then provably they are losing a huge amount of money at their stash.

Lets just hope that we cannot see more dip from the market at this time.

BigBos

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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.

bryant.coleman

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Quote from: Argoo on May 31, 2021, 12:40:19 PM

It is too early to say that we have emerged from a short bear market. The bitcoin price is still jumping a lot. So, when I entered the CoinMarketCap table this morning, the price of bitcoin was $ 34,502, now it is $ 37,030, tomorrow everything can happen again. It is difficult to determine in which direction the bitcoin price will move. It is even possible that at these prices we can get stuck for the whole summer. However, in any case, in the fall, I expect the next period of the bull market with new price records.

This time the correction is going to last a few weeks at least, IMO. Last week also we had the prices jumping from $31,000 to $40,000, only to end up again at $33,000. But I don't understand why experienced users are bothered about these fluctuations. Look at the long term picture and check the YoY prices. If you want to compare the exchange rates for May 2021, then compare it with the prices we had in May 2020 (and not with the prices in April 2021). This is the strategy a lot of intelligent traders use in stock market.

fullhdpixel

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Quote from: sapnu on May 30, 2021, 10:07:53 AM

The bear market might seem to have ended already but we should not stop just because of that. Bull market will surely commence once again as long as we are doing things right. Take advantage of the current situation and keep on believing that the market will recover once again. Many people already experienced great regrets as they witnessed the bull run that made it to $60k before so do not commit the same mistake again and start hustlin while there's still time.

I guess are we really "out" of the bear market just yet? We are at 35k for bitcoin, that is not really out, this was started when we were at 40k so the topic made sense but we dropped once again so I am not sure if we are out just yet. This is why I think it is not really that complicated, we should not be focusing on anything that could be dangerous in the future, just focus on purely the good parts of it and then when we talk about that all the time then other people will start to talk about that as well. This is what I think will make the biggest change.

So, I am not going to say "we may not be out of bear market just yet" right now, all I am going to say that even though we are at 35k right now that doesn't change the fact that we will always break our ATH in the future, no matter what the price is the day you look at the price of bitcoin, know that 100% guaranteed one day we will break ATH. Even if we reach 100k and then drop to 20k this year, we will break ATH even further in the future.

Argoo

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It is too early to say that we have emerged from a short bear market. The bitcoin price is still jumping a lot. So, when I entered the CoinMarketCap table this morning, the price of bitcoin was $ 34,502, now it is $ 37,030, tomorrow everything can happen again. It is difficult to determine in which direction the bitcoin price will move. It is even possible that at these prices we can get stuck for the whole summer. However, in any case, in the fall, I expect the next period of the bull market with new price records.

Silberman

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Quote from: pixie85 on May 27, 2021, 04:31:28 PM

Quote from: Wind_FURY on May 27, 2021, 05:49:06 AM

The bear market happened so very fast that you question if it has truly happened, or saying if it existed recently, would question if it was a lie. Haha.

I’ll post this again. Fudsters and trolls say the market is in “fear” and/or “capitulation”. From this point of view, we are returning to the mean. Cool

You're joking, right?

Do you think we were in despair in those 2 weeks of red?
Despair comes after months of decline when price goes close to the last ATH or to the 300 day MA. We are like half way there at the moment.

What about bitcoin cycles where bear market takes a year or more?

If we go to 25000 from here we're in a bear market.
If we go to 50000 it means this was only a correction in bull market.

It's this simple!

For newbies without a doubt the despair is real but for people like us that survived the crypto winter that came after the crash at the end of 2017 this is nothing, if bitcoin crashing is a price above 35k then this is not enough to make me even blink, the crash of 2017 was many times worse and the price will need to get to 10k just to resemble it in terms of proportions and since we are so far away from that level there is nothing to worry about it at the moment.

SquallLeonhart

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Quote from: Renampun on May 29, 2021, 06:32:48 AM

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

fud is no longer effective at destroying crypto...

day by day more and more people are getting into crypto especially now that defi is increasingly interested even by ordinary people. Crypto is getting stronger and stronger but fud is just an old, outdated trick.

I agree that this latest drop to 34k from the 40k is not a FUD neither, it is just healthy market movement that will always happen and it's expected. However what is not expected is the fact that DeFi was loved by everyone. It is not like defi was created today, it was there since December 2018 as far as I know and I am 100% sure it was there on 2019 summer because I participated in it, but then what happened? Well in 2020, it went up more and more and more for some reason, no idea why it got that famous.

I suppose the technological improvements was insane and it really got super famous because of how great it is. It means we are talking about something that would be amazing for the regular people but not all the time they would understand it, there are tons of other stuff that would be great but people rarely invest into it, so it was great when it happened this time.

tvplus006

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It is still too early to sum up the results, and while BTC is in the range of 30-40 thousand dollars, it is impossible to accurately predict its further movement. But everyone is positive after the BTC price bounced several times from the 30-31k level and hopes for a further continuation of the bullish run.

sapnu

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The bear market might seem to have ended already but we should not stop just because of that. Bull market will surely commence once again as long as we are doing things right. Take advantage of the current situation and keep on believing that the market will recover once again. Many people already experienced great regrets as they witnessed the bull run that made it to $60k before so do not commit the same mistake again and start hustlin while there's still time.

Oasisman

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Quote from: jaysabi on May 29, 2021, 09:51:31 AM

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

You called this way too early, as the price continues to bounce around well in bear territory. First responder to your post called it a dead cat bounce and that's exactly what this has proven to be so far, as the tick up was immediately answered with a tick back down, despite some people's efforts to proclaim the bear market over. It's not.

As much as I want to call this a bear market, but at the same time I doubt it's still not unless Btc falls at the $20,000 level or worse.
Let's see and wait what a bear market looks like when whales are dumping, and Elon or MicroStrategy announces that they will sell some of their holdings.
I somehow believe the market is consolidating and won't take long before It bounces back.

jaysabi

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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.

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

You called this way too early, as the price continues to bounce around well in bear territory. First responder to your post called it a dead cat bounce and that's exactly what this has proven to be so far, as the tick up was immediately answered with a tick back down, despite some people's efforts to proclaim the bear market over. It's not.

Renampun

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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.

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

fud is no longer effective at destroying crypto...

day by day more and more people are getting into crypto especially now that defi is increasingly interested even by ordinary people. Crypto is getting stronger and stronger but fud is just an old, outdated trick.

BuNga_cute

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Quote from: bryant.coleman on May 28, 2021, 01:35:46 AM

Quote from: pixie85 on May 27, 2021, 04:31:28 PM

You're joking, right?

Do you think we were in despair in those 2 weeks of red?
Despair comes after months of decline when price goes close to the last ATH or to the 300 day MA. We are like half way there at the moment.

Experienced users won't be in despair even if the prices remain suppressed for two or three years. But he is talking about the majority of the cryptocurrency users, who entered the market after 2019. These people invested in Bitcoin (and other cryptocurrencies) as a result of FOMO, and are always vary about fluctuations. When they see the prices going down by 40% or 50% in a week, the decision is made to dump all the holdings and make the exit. The second group may hold on for a month or two, but if the correction extends beyond that, then they will also make their exit. And for the pre-2013 users like me, this present a great opportunity to accumulate coins at cheap rates.

I also believe that experienced investors may not be discouraged by market prices falling for a relatively long time, because they are used to
facing market conditions in any condition and can always be patient to be able to wait until the market rises again. Inexperienced investors will
indeed panic and sell their Bitcoin if the price suddenly drops in a week. Or some are even able to hold for a few months, after which they will also
exit the market. For early adopters like you who have been investing since 2013, definitely have experienced and will not panic seeing
the market conditions that have been down for several years. Even experienced investors when the price of Bitcoin dumped in 2018,
can survive by holding the Bitcoin they have until now. Therefore, if they see prices drop, what is on the mind of experienced investors is
the opportunity to buy coins at low prices.

shadow123

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Yes mate... I thought BTC never come again around 35k before reach it 100k. So i think this will be rise again soon . Most probably in this year end. So better to hold your funds without panic.

lixer

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Quote from: mamahdedeh on May 27, 2021, 09:13:33 AM

Quote from: Wind_FURY on May 27, 2021, 05:49:06 AM

The bear market happened so very fast that you question if it has truly happened, or saying if it existed recently, would question if it was a lie. Haha.

I’ll post this again. Fudsters and trolls say the market is in “fear” and/or “capitulation”. From this point of view, we are returning to the mean. Cool

From the image you include, you can see the general market scenario. but in the cryptocurrency market the whales also play an important role, and such a scheme may be broken, because as we can see the market always seems to form new peaks, even though like in the previous year the price of bitcoin fell to $ 3500, until now.

I 100% agree because in regular markets those type of deals happen and it is a very long process but here we could have Elon musk type of very famous rich person coming out and saying they will buy 2 billion dollars worth of bitcoin for investment tomorrow and we will see 60k once again in a day. That is how easy it is to increase the price of bitcoin that quickly, however that is not really a solution is it? We should not expect that kind of change in crypto that quickly.

This is why I think we are talking about whales selling as well to balance it off, because just like how Elon did, they can be the cause of going up but they can be cause of going down as well. This is the type of situation we are in right now, bitcoin whales could make it go up or down but at the end of the day the "reason" why it goes up and down could be different but the trajectory is the same.

Lorence.xD

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We can't be that sure yet, this might be just another temporary pumps that will keep the hopes up of the market, I will only believe that we exited the bear market if the growth in prices are steady as it can be.

bryant.coleman

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Quote from: pixie85 on May 27, 2021, 04:31:28 PM

You're joking, right?

Do you think we were in despair in those 2 weeks of red?
Despair comes after months of decline when price goes close to the last ATH or to the 300 day MA. We are like half way there at the moment.

Experienced users won't be in despair even if the prices remain suppressed for two or three years. But he is talking about the majority of the cryptocurrency users, who entered the market after 2019. These people invested in Bitcoin (and other cryptocurrencies) as a result of FOMO, and are always vary about fluctuations. When they see the prices going down by 40% or 50% in a week, the decision is made to dump all the holdings and make the exit. The second group may hold on for a month or two, but if the correction extends beyond that, then they will also make their exit. And for the pre-2013 users like me, this present a great opportunity to accumulate coins at cheap rates.

Topic: We exited the bear market earler than expected - page 5. (Read 1075 times)