Bitcoin Forum

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Probably that the bear market is still real and maybe it's time to stop looking at it for a while...there has been soooo much over-exuberance from novice investors in this market over the past 5 months...

So much:

"The bear market is over!"

"Crypto market about to boom again!"

I still can't believe all the new youtubers who came out of nowhere in late 2017 who make these rediculous thumbnail videos shilling their coins, or mis-leading people saying the market will start to go up again on a certain month.

From my experience (4 years in crypto) the summer months are pretty bearish, it may take a long time for the crypto market to start going up again.

When I got into crypto in 2014 we had a 2 year straight bear market...I wouldn't be surprised if we see another one.

why do you ask again? the conclusion is that the market is decreasing and reducing its market cap by 42 billion dollars  ;D
hopefully this correction will end soon and the market can move again and grow.

US government involvement put Bitcoin and other currencies in deep pressure for market cap vanished until we hear positive news we cant expect new price hike

I think this is not a correction but it seems more likely a dump of the whales. Hopefully the crypto market would rise again and will be back to normal because everything on the market cap was red. And this market that you were talking about it was all an individual and not as a company and this makes me wonder how do the market response to this loss?

if we follow the chart of crypto is currently a difficult year for the world of crypto, many observers are predicting for next year is a bright year for crypto, we'll see

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It is the same conclusion whichever time you choose to look at cryptocurrency markets,,,

1, Bitcoin determines everything. If Bitcoin rises, so does market cap since every altcoin, no exceptions, follows Bitcoin trend over medium and long term.
2, crypto is volatile. You can see 43 billion losses in 3 days and you will see 43 billion gains in 3 days. Even you should expect more, crypto is extremely volatile. Market gains should also not affect you, tokens are created and listed and this pumps market value for 0 reason.
3, tokens always struggle no matter what, they need a long period of adjustment because they are only being traded, not used.

Newbie investors would probably have these kind of lines and most people who do ask on speculation and economics thread we would see lots of them asking and saying the same thing all over again when they do saw declining prices of crypto or even on decreasing of overall cap. If you been here for years you would really able to point out and observe on how these trends goes into a particular time frame of the year. Not always we do have bear market, sooner or later we would see greens once again.

No we don't have to conclude till we have some proof that show it. We can't use the physical to Geodge the inner.

I think it's still a normal thing, no need to fear let alone panic sell. Rise down prices follow sentiment info but it will return to normal. I personally believe the price of crypto will rise again