Bitcoin Forum

so are we?? I feel uneasy making any trades atm... what you guys think?

Bear market?? We have had an incredible rise in price over the last few months so I am not sure we are in a bear market.

If you mean the dip we had due to China banning ICO, its all part of the normal ups and downs and the overall trend for BTC is UP.

Don't trade if you're not comfortable.  And if you're relying on people here to tell you what to do, you've lost even before you've begun.

Also, we're not in a bear market.  You really should learn the meaning of that term.  What we just had was a pretty low dip, and bitcoin is rebounding nicely.  Whether we're going to resume the bull market remains to be seen.

Haha great question mr newbie, I advise you to check the price charts from the last 12 months before you ask.
Last time we actually were in a bear market was like 14 months ago ;) This doesn't mean you should invest all your money right now. The fact that bulls were dominating for so long can also mean that the trend could change at any time, as it never goes on indefinitely.

We were not in bearish market, how did you say this? We've been in a bullish market for 4 months and we're still in it. It didn't end. It will maintain until the next bitcoin hard fork. Then the trend can turn into reverse.

Yeah, I also don't think you should do trades at the moment if you feel uncomfortable with the market situation. One can only trade well when one is confident. It's absolutely okay to wait on the sidelines from time to time and its absolutely recommended if you're not at the top of your game.

That being sad, if that looks like a bear market to you, you're in for a treat once shit gets real.

Bear market? LOL.

The price of bitcoin doubled in the last 2 months and quadrupled in the last 5 months and you think there's been a bear market?

We've been in a bull market for over 2 years now and it shows no signs of stopping. We had an ATH less than a week ago.

Are you trolling or do you just have an incredibly short attention span?

There is no such thing as we are out of the bear market since dump will happened anytime.

What you must be concerned is, how will you enhance your strategy to ride every trend that will happened. No one knows here what should you do because price is unpredictable. If you know the risk of buying today then just do it. After all we are talking of long term goals here.

Bear market but how are we in the bear if the bull is still running and the bull is not resting. Expect another rise cos we have the media attention right now they CNBC is always updated/reporting on crypto today.

if you don't know the meaning of the "bear market" then just say so. don't make assumptions. or at least take the time to do some research and see what it really means.
just because price went down, it doesn't mean it is a bear market! a healthy market on the rise has these types of "pull back" which we call corrections they last short and are small.

this recent "correction" only lasted 3 days and you are calling that a "bear market"

We are out of the bear market and you should know that bitcoin is currently over $4500. The support and resistance level at $4450 and $4500 has been broken again and we expect to break $5000 before the end of this months and we even expect $6000 and $7000. The beauty about everything is that we are not in the bubble yet, when bitcoin go mainstream that is were we began the bullish market.

Nope, We are not because another waves will come for us, This is just the matter of time until the people bank of china will try to announce the further update about the icos banned which gives a lot of impact to the crypto again and that can be the next big bearish.

Out of the current one, yes.

Currently we are in a nice up trend, which i think will potentially be able to finally take us over $5000. I'm not sure how strong the resistance is going to be though, so we really don't know how long we are able to stay up there for.

We could see another bear trend once we hit the all time high and a correction comes because of profit takers and panic sellers, and that could potentially pop the bubble in my opinion. Be rational when trading and just remember that the price is quite high right now, may not be the best time to get in.

for bitcoin ,there is no bear market . for long term  ,bitcoin is always in bull market ,so all we need to do is holding. otherwise ,you will miss the train .

i agree the bitcoin are slightly dip because ot the ICO issue china banned, but the bitcoin movement as of now it that normal price value sometime goes down sometimes goes up, i  don't know if they another affect in bitcoin about i heard a new news broadcast by arerang news from korean also ICO banned by the government.

We are experiencing some resistance at the $4500, and the price is just floating around there.

But otherwise i think that we have recovered to at least 90% the bull market that was there before, if not fully. Once we break this $4500 barrier i can definitely see bitcoin going up to at least $5000 (potentially more if under the right conditions).

However i do think that after all the hype dies out we may see another bear market that is going to be quite prolonged.

If you feel uneasy buying or selling, then just take a break. Trading right now is difficult as things are extremely unpredictable.

Trading is always unpredictable for me, that's why I only trade when I think that coin is too long before it increase and Know that the coin is already in progress ,i mean it's project ia already working. I prefer holding on to the coins that are into development since they might increase once it's done.

The price is not falling right now I think maybe what you mean is after bitcoin reaches $5,000 it suddenly goes down around $4,000 again, I think it is because trading bots are triggered so sell with that and some whales go with the flow.

Always trust your instinct though, if you will that it is not the right time then don't. But bitcoin will always soar high it is just a corrections in price that is why it goes down and I think it is normal for every market.

We've been out of the bear market for over a year. Zoom out on a price tracker graph & look which way the price has been going for a long time.

Bear market ;D

That bullish run may lead to see some hark fork also in certain times. Hence bitcoin price also may decrease accordingly. Always bitcoin holding is best option to find the profit easily without any risks. If you miss also you can find the right investment to get the bitcoin in that way.

If you mean that we are out of the price correction after the Chinese declaring banning bitcoin, then I would say Yes, because the price has already recovered and trading in a average of $4600-$4700 already. However, if you are not comfortable in this times then do trading but just hodl on your coins. If you are new in trading, then you have a lot of lessons to learned in my opinion. Actually the price volatility what makes bitcoin attracting to most of the traders. So I advise if you are not comfortable because of the current price, then take a step back and just observe the price movement.

What makes you feel uncomfortable? Is that a big deal that's worth the trouble? Or is it just an opinion coming from your personal?

The correction has only just begun, the initial indicator that we are bound for a correction was the drop from 5000$. We had our little bounce back up, but this is the best time to go short on btc as I see no reason why anyone would be inclined to take a long position.

I just notice that more people right now are slowly buying bitcoins and there are still other people are confused to buy bitcoin we are not in bear market when people are encouraging to sell their bitcoin it is just afraid when the price was decrease from the news we heard about ICOs..
So its a normal that we can see large price dump happen with bitcoin but we can not change the future of bitcoin and i think bitcoin can be more valuable more than gold in the future..

I have the same feeling try to understand recent market situation.
Is it bullish or keep bearish because of the bubble? Pretty confusing for me personally.
So i just watching and put a little amount of money only to trade because of the doubts i got hmmm i thought it was just me.

There is no bear market considered the state of bitcoin in 2017, these minor inconveniences hardly can be called bear market.
I can't promise anything but after thorough analysis of trends and market prediction it is  safe to assume that bitcoin price target to $7,500 before then end of the year.

Heck it might be even higher, just see that we are far above estimated price predictions for 2017 - https://www.cnbc.com/2017/05/08/bitcoin-price-hits-record-high-and-4000-is-ahead-investor-says.html (https://www.cnbc.com/2017/05/08/bitcoin-price-hits-record-high-and-4000-is-ahead-investor-says.html)

If Bitcoin is up by 4000 USD and OP thinks we're still in a bear market then how does a bull market look like? Please OP answer this.
Is a rise by another $1000 going to satisfy you, or do we need to go straight to $10000 for the bear market to end? :D:D

If you want short margin with Bitcoin, you should consider carefully, the fearing missing out of newbie or speculators very terrible. In past time, I just keep my opinion when the price of Bitcoin breakout $3,000 will correction of price soon make me take big loss with event Bitcoin increases fast to $4,000.