What a bear market actually looks like

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Quote from: Mozzart on May 12, 2022, 05:21:19 PM

Quote from: Tervelatuk on May 11, 2022, 05:49:13 PM

Quote from: prosperoustop on May 11, 2022, 05:24:39 PM

I think it manipulations from big wheels, they want to be much bigger, so such behaviour could ends very sad for us, who believe in crypto currency!

i do believe the same thing, manipulation that done by whales make another investors panic and they sold all cryptocurrency asset they have. this is condition many times happen , the bottom looks like still not in.

This is not the first time that this story has been repeated. If a person does not have all the savings in the crypt, then I see no reason to panic at all, but yes, the story is extremely depressing.

I don't know if it's a bearish market, but it sounds like a strong correction to me, because when the markets are bearish, for me it means that a bullish and Distribution trend stage has been completed, so far I don't see anything that can say that it corresponds to this, however I think that the correction is strong, and it could be called bearish for me if and only if I see it from a short or medium term time frame, but when looking at other models and seeing the trend it is not bearish for me, and no is that I am very optimistic, but all this is very normal in speculative markets.

Sayeds56

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Quote from: TheUltraElite on May 17, 2022, 05:02:53 AM

Quote from: Balmain on May 10, 2022, 01:10:44 PM

I'm a little skeptical if this bear market could be in a similar situation to the last bear market. This is because corporate companies and some governments are buying bitcoin from their own bonds as the bitcoin price drops. I think this time the bear season may be a little shorter or there will not be very deep falls.

The current bear market seems to be correcting back to 30k usd while still facing some degree of selling pressure. I guess there is a buying trend starting. Even then this bear market will be prolonged of the tables turn and more selling starts by some big players.

We can only wait and see while placing orders on both sides to take advantage of the situation. Buy if the price goes below 25k and sell if the price crosses the all time high of 69k.

It is a game of patience at this point.

it is good that last week candle closed above 30k which is a good sign and a Relief rally is expected soon which might take Bitcoin to 37K but Fear and Greed Index is around 8% which is very low and rarely seen such a weak market sentiment. The devastating crash of Luna has sent shock waves across crypto community globally and its impact is clearly visible on declining marketcap, it will need much time before market confidence is restored.

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Quote from: Balmain on May 10, 2022, 01:10:44 PM

I'm a little skeptical if this bear market could be in a similar situation to the last bear market. This is because corporate companies and some governments are buying bitcoin from their own bonds as the bitcoin price drops. I think this time the bear season may be a little shorter or there will not be very deep falls.

The current bear market seems to be correcting back to 30k usd while still facing some degree of selling pressure. I guess there is a buying trend starting. Even then this bear market will be prolonged if the tables turn and more selling starts by some big players.

We can only wait and see while placing orders on both sides to take advantage of the situation. Buy if the price goes below 25k and sell if the price crosses the all time high of 69k.

It is a game of patience at this point.

Mozzart

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Quote from: Tervelatuk on May 11, 2022, 05:49:13 PM

Quote from: prosperoustop on May 11, 2022, 05:24:39 PM

I think it manipulations from big wheels, they want to be much bigger, so such behaviour could ends very sad for us, who believe in crypto currency!

i do believe the same thing, manipulation that done by whales make another investors panic and they sold all cryptocurrency asset they have. this is condition many times happen , the bottom looks like still not in.

This is not the first time that this story has been repeated. If a person does not have all the savings in the crypt, then I see no reason to panic at all, but yes, the story is extremely depressing.

tygeade

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Quote from: Trx3 on May 11, 2022, 05:52:59 AM

Quote from: Kimonoe on May 11, 2022, 04:54:48 AM

bear market is a natural selection for altcoins, whether they survive or not, let alone meme coins and new projects. as if this bear season will rid cryptocurrencies of incompetent altcoins, or simply scams and rid themselves of the hype. therefore choosing a top coin for now will make us safe in facing the bearish season, let alone choosing bitcoin for investment at this time

Then buy Luna, ....thats a good example that anything can happen to crypto market at any time, top coin or not you need to control your greed in such a present market first, if you know how to read charts you will see that nothing is certain anymore, rebounds or more dips we are lost right now.

I actually did this, but with a tiny amount of 100 dollars. It may not be tiny for everyone but in the grand scheme of things I believe that to be quite low amount.

If it goes back up then I will have 500+ or so I am guessing with all the leverage I have and the way it's low right now, I do not believe that Luna will get back though, I bought LUNAUST so that when it's pegged close to 1 dollar again then I will profit a lot. That is the thing, if I lose, then it's just 100 bucks and I won't care too much about it, sure I would be upset about being wrong, but not the 100 bucks. When you see these type of chances appear, you take it, with a small amount and if you are wrong then you will not be upset.

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Quote from: prosperoustop on May 11, 2022, 05:24:39 PM

I think it manipulations from big wheels, they want to be much bigger, so such behaviour could ends very sad for us, who believe in crypto currency!

i do believe the same thing, manipulation that done by whales make another investors panic and they sold all cryptocurrency asset they have. this is condition many times happen , the bottom looks like still not in.

prosperoustop

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I think it manipulations from big wheels, they want to be much bigger, so such behaviour could ends very sad for us, who believe in crypto currency!

caddywampus2001

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Quote from: Imran232 on May 11, 2022, 05:10:15 PM

Honestly speaking, if you are in crypto and you can't be able to face the bear market, then it is really sad to say that you are not compatible for crypto profit too. I survived the 2018 bear and now I am still in crypto because I am used to it. But you mention one more thing, which is about meme coins and shitcoin. You mention that this type of bear market destroys the shitcoin and meme coin, which is really a sad reality because it shows the projects' exact power. But, in my opinion, meme coin and shit coin are just short-term trading coins that are not compatible with altcoins. That's all there is to it; don't invest in meme coin or shitcoin for the long term because the bear market will destroy you. my opinion. Thank you.

You are right. Bear market is only for utility coins that have real demand. So, bitcoin is store of value and then i focus on privacy coins as they are being used. The thing with monero is that there is already a lot of speculation and greed into monero so it might tank. Zcash is dead already. That is why I got into a new privacy coin that might be a monero killer. There was an asian guy on this forum announced a new privacy coin totally new that is impossible to trace. Once it gets exposure real demand will follow and required by a lot of folks who need it.

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Quote from: Daodex on May 10, 2022, 09:59:34 AM

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Honestly speaking, if you are in crypto and you can't be able to face the bear market, then it is really sad to say that you are not compatible for crypto profit too. I survived the 2018 bear and now I am still in crypto because I am used to it. But you mention one more thing, which is about meme coins and shitcoin. You mention that this type of bear market destroys the shitcoin and meme coin, which is really a sad reality because it shows the projects' exact power. But, in my opinion, meme coin and shit coin are just short-term trading coins that are not compatible with altcoins. That's all there is to it; don't invest in meme coin or shitcoin for the long term because the bear market will destroy you. my opinion. Thank you.

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Quote from: cdog on May 11, 2022, 11:18:19 AM

Quote from: andyou1234 on May 11, 2022, 10:42:06 AM

yes you are absolutely right, beginners are very prone to panic when they find out the crypto market is declining like it is now, and in my opinion that should not happen to everyone, because investing in crypto has a very big risk of course we must be prepared to bear that risk, actually if you look at the bear market that occurred in 2018 then I think the current decline is nothing, because at that time crypto prices fell very deeply compared to now.

We can't conclude that the bear market is over but the recent downturn in the market has been drastic, we've seen how Luna hit an all-time low of $0.6 in just a few days but I'm concerned if the top coin market also results in the same decline in future.

we never imagine luna price could dump till below $1 only in few days, so far i know this is biggest dump in crypto market that i seen. luna and ust be main trigger why in few days ago bitcoin pric could crash sharply and as if there is no brake to stop it.

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Quote from: andyou1234 on May 11, 2022, 10:42:06 AM

yes you are absolutely right, beginners are very prone to panic when they find out the crypto market is declining like it is now, and in my opinion that should not happen to everyone, because investing in crypto has a very big risk of course we must be prepared to bear that risk, actually if you look at the bear market that occurred in 2018 then I think the current decline is nothing, because at that time crypto prices fell very deeply compared to now.

We can't conclude that the bear market is over but the recent downturn in the market has been drastic, we've seen how Luna hit an all-time low of $0.6 in just a few days but I'm concerned if the top coin market also results in the same decline in future.

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Quote from: GelatikKembar on May 11, 2022, 09:25:47 AM

Quote from: diminizio on May 11, 2022, 09:00:14 AM

conditions were dire to those who were beginners, and seemed normal to those who had experienced them. Since I experienced that in 2018, the bear market is not scary for me anymore. What's more for this year cryptocurrencies are very developed, even though the bear market is crashing but they haven't made a solid reason for bitcoin to collapse, so I would never worry about it.

2018 repeats itself!, absolutely unavoidable now!, past mistakes keep repeating,
I've been in the crypto world since 2017 and I'm following the bears, the result is that my capital is -80% in 2018-2019,
but in 2020-2021 i got high profit and the result now i am really very frustrated to see all those profits disappear in 2022

That's on you bro, why don't you take profits after waiting for a long time and you finally made it? Isn't that a good example of pure greediness? I guess that's the case isn't it? What goes up must come down.

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Quote from: diminizio on May 11, 2022, 09:00:14 AM

conditions were dire to those who were beginners, and seemed normal to those who had experienced them. Since I experienced that in 2018, the bear market is not scary for me anymore. What's more for this year cryptocurrencies are very developed, even though the bear market is crashing but they haven't made a solid reason for bitcoin to collapse, so I would never worry about it.

yes you are absolutely right, beginners are very prone to panic when they find out the crypto market is declining like it is now, and in my opinion that should not happen to everyone, because investing in crypto has a very big risk of course we must be prepared to bear that risk, actually if you look at the bear market that occurred in 2018 then I think the current decline is nothing, because at that time crypto prices fell very deeply compared to now.

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Quote from: GelatikKembar on May 11, 2022, 09:25:47 AM

Quote from: diminizio on May 11, 2022, 09:00:14 AM

conditions were dire to those who were beginners, and seemed normal to those who had experienced them. Since I experienced that in 2018, the bear market is not scary for me anymore. What's more for this year cryptocurrencies are very developed, even though the bear market is crashing but they haven't made a solid reason for bitcoin to collapse, so I would never worry about it.

2018 repeats itself!, absolutely unavoidable now!, past mistakes keep repeating,
I've been in the crypto world since 2017 and I'm following the bears, the result is that my capital is -80% in 2018-2019,
but in 2020-2021 i got high profit and the result now i am really very frustrated to see all those profits disappear in 2022

Experience wise, you should learn from your past mistakes already. Same as in my case, the bear market in 2018 is really hard to bear but I just sucked it up and keep it under my belt as experience. So the same thing is happening again, so we should be prepared for the worst and let it grind. For sure together we will get past this bear market, just patience is needed so that we can survived again.

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Quote from: GelatikKembar on May 11, 2022, 09:25:47 AM

2018 repeats itself!, absolutely unavoidable now!, past mistakes keep repeating,
I've been in the crypto world since 2017 and I'm following the bears, the result is that my capital is -80% in 2018-2019,
but in 2020-2021 i got high profit and the result now i am really very frustrated to see all those profits disappear in 2022

That's why experienced traders recommend using money that is ready to lose for trading activities because the market is unpredictable, there are always worst conditions without us knowing and making us have to be patient for years to return the capital. You are still lucky to have profited from your patience even though you did not get an unexpected profit in the following year.

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Quote from: diminizio on May 11, 2022, 09:00:14 AM

conditions were dire to those who were beginners, and seemed normal to those who had experienced them. Since I experienced that in 2018, the bear market is not scary for me anymore. What's more for this year cryptocurrencies are very developed, even though the bear market is crashing but they haven't made a solid reason for bitcoin to collapse, so I would never worry about it.

2018 repeats itself!, absolutely unavoidable now!, past mistakes keep repeating,
I've been in the crypto world since 2017 and I'm following the bears, the result is that my capital is -80% in 2018-2019,
but in 2020-2021 i got high profit and the result now i am really very frustrated to see all those profits disappear in 2022

Smack That Ace

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Quote from: Kimonoe on May 11, 2022, 04:54:48 AM

bear market is a natural selection for altcoins, whether they survive or not, let alone meme coins and new projects. as if this bear season will rid cryptocurrencies of incompetent altcoins, or simply scams and rid themselves of the hype. therefore choosing a top coin for now will make us safe in facing the bearish season, let alone choosing bitcoin for investment at this time

The bear market is not only a challenge for weak-handed investors, eliminating profiteering speculators but also has a strong impact on projects. Weak projects, projects without utilities with only hype will be completely removed from the market. The market will get cleaner with each bear season. Only really good projects, serious projects with consistency with real goal ideas can live and go through the harsh bear season.

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Quote from: Daodex on May 10, 2022, 09:59:34 AM

Bear market haven't even started yet, if you know how ugly a bear market gets you won't be buying altcoins right now, how many altcoins have died so far due to bear market? None right? Well let me tell you, a bear market is a death bringer for altcoins, all those meme coins and shitcoins that you are eyeing won't live to see the end of the bear market, its always so painful for altcoins to stay alive at such season.
You Ain't Seen Nothing Yet.

Nobody can really know if we are already at the bottom or if we are having maybe another 1 or 2 years of bear market ahead of us. Also i don't think that the death of altcoins is a process that is going so fast that you can actually witness it. Maybe now the whole events around Terra could be one of those rare cases where a pretty big project could die literally within a few days because of that whole UST crash in the last few days. Terra is now at 0,85$ while it was still at above 100$ like a week ago that is absolutely crazy.
Overall i would say the death of all those useless meme-coins has already begun a few months ago because the hype is over and they are now slowly but surely dying. A hefty bear market speeds up this process of course.

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conditions were dire to those who were beginners, and seemed normal to those who had experienced them. Since I experienced that in 2018, the bear market is not scary for me anymore. What's more for this year cryptocurrencies are very developed, even though the bear market is crashing but they haven't made a solid reason for bitcoin to collapse, so I would never worry about it.

kaya11

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Quote from: Daodex on May 10, 2022, 09:59:34 AM

Bear market haven't even started yet, if you know how ugly a bear market gets you won't be buying altcoins right now, how many altcoins have died so far due to bear market? None right? Well let me tell you, a bear market is a death bringer for altcoins, all those meme coins and shitcoins that you are eyeing won't live to see the end of the bear market, its always so painful for altcoins to stay alive at such season.

You Ain't Seen Nothing Yet.

This is true, I remembered back in the days when most of the coins began to boom and got their ATH. Then here comes the bear that finished them off for good, even eth that time goes down below 40 dollars each from more than 2 thousand dollars. It was also the time I regretted buying it again, what a waste. There are also tons of dead coins left on my old ether wallet, seeing them brings back memories.

Topic: What a bear market actually looks like (Read 369 times)