Regular people in crypto since the decline at the end of 2017 are definitely waiting for considerable lows before they risk being burned again, or burned like they saw others were.
However, I imagine there is likely a considerable amount of regular cash sitting patiently and waiting to pounce on an opportunity.
Further lows seem imminent - but a quick up surge may follow.
Topic: Why I think we will be in Bear market for long time. (Read 148 times)
No body can predict the future of crypto market in fully accurate, but by to see alot of advantages of crypto and blockchain technology in many industry, i can make prediction in 1 years the market of crypto will be mainstream and many coin will going up multiple times.
I agree that we need more investors, but with the recent situation its hard to convince the new investors to put their money in btc, the price of btc can suddenly go down really quick, but at one point the bear market will be replace by bull market, we have been experienced a long bear market and it is impossible to have bear market all the time, if at that time there is no news about exchange being hacked then we already entering the bull market
1: Bitcoin futures brought power to bear market
2: There are positive news lately to bitcoin, but bitcoin needs new investors, recent bull run in end of 2017 turned away new investors. Every failed attempt to go up makes things even worse.
3: Some people has decided its a lot easier and safer (I think they are also bears with bitcoin futures) to wait until bitcoin go a bit up and then draw it down, then to help pump it up. With so many people scared there is just not enough fresh new blood for bull market.
4: Hodlers are selling. More and more people says fthiss I am going while i still have profit, so we go lower and lower.
Stuff doesnt look good.I cant find any reason for market to recover, new people are to afraid to jump in.
Stuff will change only if there is some big game changer. Like some app on mobile devices that can get easily into hands of everyone. This can take months or year or 2. Until then its bear time.
Bears will be waiting each time for "a few more suckers to get in", price go up, then they will draw it down. And each draw down will be bigger. And with each bigger downtrend some more suckers will thing "okay this is the bottom", then it will be some small correction up, and again down by bear, bigger down again, and again some fresh suckers with "okay this is now really bottom"....and again
And we go like this until some bigger game changer happens, which make take 1 year easily.
So simple you can see that the bitcoind is steadily declining since the bitcoin price hit $ 19800, the knit market in the downtrend period in the long term so the bitcoin price will probably continue to fall deeper . I believe that if the $ 6000 breakout price is going to be about $ 5300, the market is hard to recover as the fear of the rising crowd.2: There are positive news lately to bitcoin, but bitcoin needs new investors, recent bull run in end of 2017 turned away new investors. Every failed attempt to go up makes things even worse.
3: Some people has decided its a lot easier and safer (I think they are also bears with bitcoin futures) to wait until bitcoin go a bit up and then draw it down, then to help pump it up. With so many people scared there is just not enough fresh new blood for bull market.
4: Hodlers are selling. More and more people says fthiss I am going while i still have profit, so we go lower and lower.
Stuff doesnt look good.I cant find any reason for market to recover, new people are to afraid to jump in.
Stuff will change only if there is some big game changer. Like some app on mobile devices that can get easily into hands of everyone. This can take months or year or 2. Until then its bear time.
Bears will be waiting each time for "a few more suckers to get in", price go up, then they will draw it down. And each draw down will be bigger. And with each bigger downtrend some more suckers will thing "okay this is the bottom", then it will be some small correction up, and again down by bear, bigger down again, and again some fresh suckers with "okay this is now really bottom"....and again
And we go like this until some bigger game changer happens, which make take 1 year easily.
I agree with this. $6,000 feels like the breakout price.
People need to accept that the sentiment has changed significantly and the demand as result of that is no longer what it was last year. The futures are an easy aspect to point at, but let's not forget the demand.
People were more willing to hold their coins through for a longer while, and these coins are now floating around in the market waiting to be eaten by stronger hands. The only question is at what price that will happen.
There doesn't always need to be a reason for the price to bottom. First it was China, then South Korea, then social media ad bans, then regulations, then Tether, and now the futures.
The consistent search for reasons will never stop.
People were more willing to hold their coins through for a longer while, and these coins are now floating around in the market waiting to be eaten by stronger hands. The only question is at what price that will happen.
There doesn't always need to be a reason for the price to bottom. First it was China, then South Korea, then social media ad bans, then regulations, then Tether, and now the futures.
The consistent search for reasons will never stop.
1: Bitcoin futures brought power to bear market
2: There are positive news lately to bitcoin, but bitcoin needs new investors, recent bull run in end of 2017 turned away new investors. Every failed attempt to go up makes things even worse.
3: Some people has decided its a lot easier and safer (I think they are also bears with bitcoin futures) to wait until bitcoin go a bit up and then draw it down, then to help pump it up. With so many people scared there is just not enough fresh new blood for bull market.
4: Hodlers are selling. More and more people says fthiss I am going while i still have profit, so we go lower and lower.
Stuff doesnt look good.I cant find any reason for market to recover, new people are to afraid to jump in.
Stuff will change only if there is some big game changer. Like some app on mobile devices that can get easily into hands of everyone. This can take months or year or 2. Until then its bear time.
Bears will be waiting each time for "a few more suckers to get in", price go up, then they will draw it down. And each draw down will be bigger. And with each bigger downtrend some more suckers will thing "okay this is the bottom", then it will be some small correction up, and again down by bear, bigger down again, and again some fresh suckers with "okay this is now really bottom"....and again
And we go like this until some bigger game changer happens, which make take 1 year easily.
So simple you can see that the bitcoind is steadily declining since the bitcoin price hit $ 19800, the knit market in the downtrend period in the long term so the bitcoin price will probably continue to fall deeper . I believe that if the $ 6000 breakout price is going to be about $ 5300, the market is hard to recover as the fear of the rising crowd. 2: There are positive news lately to bitcoin, but bitcoin needs new investors, recent bull run in end of 2017 turned away new investors. Every failed attempt to go up makes things even worse.
3: Some people has decided its a lot easier and safer (I think they are also bears with bitcoin futures) to wait until bitcoin go a bit up and then draw it down, then to help pump it up. With so many people scared there is just not enough fresh new blood for bull market.
4: Hodlers are selling. More and more people says fthiss I am going while i still have profit, so we go lower and lower.
Stuff doesnt look good.I cant find any reason for market to recover, new people are to afraid to jump in.
Stuff will change only if there is some big game changer. Like some app on mobile devices that can get easily into hands of everyone. This can take months or year or 2. Until then its bear time.
Bears will be waiting each time for "a few more suckers to get in", price go up, then they will draw it down. And each draw down will be bigger. And with each bigger downtrend some more suckers will thing "okay this is the bottom", then it will be some small correction up, and again down by bear, bigger down again, and again some fresh suckers with "okay this is now really bottom"....and again
And we go like this until some bigger game changer happens, which make take 1 year easily.
Futures traders don't participate in the market as they don't trade BTC, they only bet on it.
They only bet on it but futures is a contract to buy or sell a bitcoin at the price they bet at a said time. For this reason, IMO futures traders affect bitcoin market as well.Stuff will change only if there is some big game changer. Like some app on mobile devices that can get easily into hands of everyone. This can take months or year or 2. Until then its bear time.
A big game changer wouldn't just be some app or mobile device(or anything) that everyone can easily access because it won't be enough IMO. It might be some news(like bitcoin scaling) that will make bitcoin more convenient to use.
There are some flaws in your thinking.
You forgot about adoption. Bitcoin is not only the market, it's also the whole economy built around it and this economy will keep pushing it forward regardless of what the futures players will do. Futures traders don't participate in the market as they don't trade BTC, they only bet on it.
Also, there's your opinion that holders are selling. It's completely made up. We don't know what they're doing! I'm a holder since 2014 and I didn't sell. I bet there's more people like me.
You forgot about adoption. Bitcoin is not only the market, it's also the whole economy built around it and this economy will keep pushing it forward regardless of what the futures players will do. Futures traders don't participate in the market as they don't trade BTC, they only bet on it.
Also, there's your opinion that holders are selling. It's completely made up. We don't know what they're doing! I'm a holder since 2014 and I didn't sell. I bet there's more people like me.
1: Bitcoin futures brought power to bear market
2: There are positive news lately to bitcoin, but bitcoin needs new investors, recent bull run in end of 2017 turned away new investors. Every failed attempt to go up makes things even worse.
3: Some people has decided its a lot easier and safer (I think they are also bears with bitcoin futures) to wait until bitcoin go a bit up and then draw it down, then to help pump it up. With so many people scared there is just not enough fresh new blood for bull market.
4: Hodlers are selling. More and more people says fthiss I am going while i still have profit, so we go lower and lower.
Stuff doesnt look good.I cant find any reason for market to recover, new people are to afraid to jump in.
Stuff will change only if there is some big game changer. Like some app on mobile devices that can get easily into hands of everyone. This can take months or year or 2. Until then its bear time.
Bears will be waiting each time for "a few more suckers to get in", price go up, then they will draw it down. And each draw down will be bigger. And with each bigger downtrend some more suckers will thing "okay this is the bottom", then it will be some small correction up, and again down by bear, bigger down again, and again some fresh suckers with "okay this is now really bottom"....and again
And we go like this until some bigger game changer happens, which make take 1 year easily.
2: There are positive news lately to bitcoin, but bitcoin needs new investors, recent bull run in end of 2017 turned away new investors. Every failed attempt to go up makes things even worse.
3: Some people has decided its a lot easier and safer (I think they are also bears with bitcoin futures) to wait until bitcoin go a bit up and then draw it down, then to help pump it up. With so many people scared there is just not enough fresh new blood for bull market.
4: Hodlers are selling. More and more people says fthiss I am going while i still have profit, so we go lower and lower.
Stuff doesnt look good.I cant find any reason for market to recover, new people are to afraid to jump in.
Stuff will change only if there is some big game changer. Like some app on mobile devices that can get easily into hands of everyone. This can take months or year or 2. Until then its bear time.
Bears will be waiting each time for "a few more suckers to get in", price go up, then they will draw it down. And each draw down will be bigger. And with each bigger downtrend some more suckers will thing "okay this is the bottom", then it will be some small correction up, and again down by bear, bigger down again, and again some fresh suckers with "okay this is now really bottom"....and again
And we go like this until some bigger game changer happens, which make take 1 year easily.
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