Bitcoin Forum

Do you think this huge 2-year long bull market is over? Is it bear time now? Your thoughts?

https://s29.postimg.org/77a6vbt3b/bearahead.png

We'd have to break the long term upward trend line first. We're not close to that yet.

No. Can't see a single evidence of that for now.

2 year bull market?!
then what do you call the period starting from 2016/2 (or even start from 2015/12) to end of 2016/5 when price was struggling hard at the $400ish range.

I'm talking about the bigger picture, not any small time fluctuation.

No.

Yes, it is bear time now. it's overbought and it needs to adjust the price.
it will be down for long term. it's the same as the chart of 3 year before. No hurry to buy now.

and what makes you an expert on this?

It will be like roller coaster ride , many ups and downs. Fibonacci retracement is possible with simultaneous growth of BTC/usd value.
lets ee , i wish to see 2000$ this year.

No.  Minor correction.

Sometimes I think this forum is full of psychotics. China goes on some massive spending spree on fears of cap controls so BTC jumps from $800 to $1150 in ~2-3 weeks. On these events 49% think BTC is going to $10k and is jubilant, and then it corrects (partially) and the other 49% thinks the world is over. 1% are in both of those camps, and 1% is standing back trading the psychosis of the 99%. It's insanity.

In other news: China doesn't mind transferring their wealth to others via BTC. Horrible traders I must say... lol

This is all markets always?  lol.  Humans are crazy.

I think the party is just starting  ::)

A lot of people will think that the past is going to repeat itself, and will sell, which is exactly what is needed for price to continue up.

So dumping will make the price rise? That's weird  :o

The long term price will be up.

If this is bear time now we shouldn't see price sitting at the current price today.

Still part of a normal flow of what bitcoin price movement is. Others just take profit and that is good since we are waiting for the dip as others are not comfortable to buy at the price of $1,100 range. If bears will make a push then we are going back to below $800 or much worst.

Bear market is fake. They want bitcoin holders to get panicked and sell out.
It will return back the price of 1,000$ or more . Keep calm and make a right decision.

Seriously, is there ANY reason to cash out your BTC to invest in fiat? LOL

It's a bull market when we see threads like this absolutely reeking of desperation. Too bad to the sons of bitches who didn't get in heavy whilst we were in the 200-300 dollar range.

Despite the loss, I believe Bitcoin values will return back up... Don't ever think the size in circulation is going down, almost all coins have been mined nowadays.

Tremendous potential to b short term losses, with a returning peak. Don't ever forget about saving in other valuable investments to corner losses.

Nope. We are just experiencing a normal correction, that's really it. I don't really know how you think we might have a bear market ahead of us. Look at the price, we're over the $1000 level still!! This thread would have made some sense if it was posted at the time the price was slowly going down to $600's... Right now is definitely not an appropriate time.

Oh fuck yeah!
I haven't been active for months and when I come back I see THAT! It's over 1000$ guys! Well it's no longer above but still! For god sake it was at 450$ last time I bought and sold some xD
I think I understand a bit (just a tiny bit) the pioneers who had tons of bitcoins and then left and came back months or years after and saw the btc worth 50 or even 100$! It's really cool to come back one day because you have some time again and see that the price doubled during that time xD
Anyway BTC has never been bear in fact. The trend has always been up but just a slight long and painful up.
Very low chance that it suddenly becomes bear... It wouldn't make much sense for me. We can see the price going back to 550 and it would still be considered as a high price compared to not so old prices ^^

Of course we will not have a bear market. Except for 2014 the bitcoin price has increased every year.
Yesterday's major correction is exactly what we needed in order to continue the uptrend.

People are so fearful, just normal ups and downs of this bull run.

How zoomed in do you have that graph? What is that, the past two days? Meanwhile the past two years have been nothing but slow and healthy growth, lol.

So you guys still believe it's going to the moon this year?

Consider this: If Bitcoin can go down $200 in 1 hour, it can go up $200 in 1 hour. In order for Bitcoin to reach a high valuation such as $10000, how do you think we will get there? Slow growth over 20 years or volatile ups and downs over 2? Which seems more likely? What we are seeing now is nothing compared to what is to come...

I think no,the bull market can not be going down at any cost for so many years so there is a very low chances of bear market ahead because  bull market is a financial market of a group of securities in which prices are rising or are expected to rise. It is a "stock market" but it can be applied on anything that can be traded & trading now a days playing a vital role in the online market & everyone wants to digitalize themselves or their currency as that currency is most secure and safe......thats why it is very difficult to have a bear market ahead!!!!

How many of you are actually buying? Look at how weak volume has been on non-Chinese exchanges during the entire run up. We need lots of buyers to push far past the old ATH and my guess is most of us aren't buying much because we already have coins from lower prices. Which means we need an influx of new bagholders money in order to keep the price climbing where the earlier adopters have stopped buying and started selling. To me there doesn't seem to be quite enough euphoria plus we are still waiting for the block size issue to be solved definitively - how are these millions of new users going to use their coins if we immediately max out the transaction limit, something we are already very close to? I suppose the sudden pressure might expedite a fix of course...

So while a continued bull run shouldn't be ruled out, seems to me that most of the people saying moon do so mostly because they want it.

Still bullish, even with the correction.

https://s30.postimg.org/rbfehjhcx/Untitled_2.jpg

The recent crash was something to be expected, given the fact that the Bitcoin price was rising very fast. I think that after this bear market, Bitcoin will be able to rise more strongly in the market, it could probably reach values higher than what we have seen recently.

There is no enough reason to cash out your bitcoin to invest in fiat since there are no real world good investments which would give the same amount of profit like the bitcoin market and with the regulations all over the world people tend to find bitcoin as a source of investment and i do not think a bear market is not a possibility at this juncture.

If you can run a good business then that is enough reason to cash out and invest by fiat.

Anyway It seems it's still correcting itself, it's up $913 as of the moment.

Depends.  There's a lot of things you can't buy with bitcoin.

Bear market?  Maybe.  We've been in a pretty good bull market for about a year or so now, right?  Year and a half, maybe.  I don't know.  It's so hard to predict which way bitcoin is going to move.  It's only a $12 billion market, and it's still a strange digital currency with an air of mystery to a lot of people.  If the Wall Street people come pouring in, watch out.  But the price is going to have to skyrocket in order to have enough to go around.

I think long bull market is ahead.