Bitcoin Forum

I joined bitcoin trading and investment in 2016 and ever since then things has been moving smoothly . The high surge in Bitcoin price late last year  created lots of attention and drove in different calibres of investors into the market in which majority  of them doesnt really understand how cryptocurrencies works .This eventually created a very huge BUBBLE that burst late last year. The weak hands has left the market and we have begin experiencing organic growth and hopefully there would be another Sunshine .
There is one question that always comes to my my mind which i will like to hear the views of people .

Has it ever occured in the history of Cryptocurrency market since the inception of bitcoin in 2009  to expirience almost 12 month Calendar  bear market ?

2016: always above $300
2017: always above $600
2018: always above $5800

12 month bear market? what are you talking about.
you mean the cub(small bear) and calves(small bull) constantly playing back and forth throughout the year. in a 10 year bull market

12 months bear market is nothing. We have gone through 24 months bear market before. I think, price will recover after 2020 block halving.

I believe in this last quarter of the year 2018 bitcoin Price is going to recover greatly to the point of rising above $20k before the end of this year 2018

Anticipations have been made before now, as to the growth of cryptocurrency. It was said by many that the market would recover from its bearish state, within some said months - which has actually come and gone; the market was analyzed based on past occurrences, which did not still conform. With all of these, i think no one can actually tell what the future holds.

recover?
um sorry. bitcoin price was never a sustained $20k.
the correction was the recovery not the other way round

dont stand at the top of a mountain that only 2 people got to stand on. stop looking down at a price from up high
stand at the bottom and look up

its not just th right way to look at a market. its also healthier for your head and emotions

That is only temporary.

In fact, the people who have no patience will regret. Bitcoin faced worse hardships before reaching the level where it is now. When it was really new and the rumors of it disappearing were a lot more convincing for people than it is right now.

If you have any doubts, i invite you to check the Bitcoin Obituaries:
https://99bitcoins.com/bitcoinobituaries/

Of course there is a better future ahead, just control your emotions and hold. Bitcoin will change the world.

I exactly second the thought!! How come we can consider this immense growth as bear market if we look at its year on year growth. I don't remember any other asset class can give such a return in this shorter term!!

Also as you have mentioned in the OP that you have entered this market during 2016, so you must have recorded a huge growth already. Unless you have entered during the bubble at late 2017, there's no way you will see it as a bear market!!

https://image.ibb.co/iLeUDe/f7FdEdG.jpg (https://imgbb.com/)

The surge of 2017, has put a lot of expectations in bitcoin. And comparing any market situation with that would make it look like we have made limited progress over the course of the year.
With all issues, with regulations, social media restrictions, bitcoin ETF rejection, we have still had some purple patches. This is the reality of bitcoin we have to get used to. Till we get to the next phase.

Since January, Bitcoins hasn't ever traded above 10,000 USD as it was in December 2017 and to say 12 months bear market is right. Though 5800 is the lowest it could trade but it hasn't been in bullish as expected by majority.

How sure you are that it will not rise again? If go back to the first month of this year it also pump. Its just dump these past few months but I dont lose my hope on it. Because this wasnt new to bitcoin and to other coin. Maybe now it was decreasing it value but soon it will increase again. Be patient if you want to earn or regret it  in the end.

i dont agree what you said with " 12 month of bear market "
bitcoin price from january to october not always drop , sometimes get pump and up , but yeah its still cant reach the december 2017 price but that not mean always bearish

I agree.It's not totally bearish season.We also had experience some price increase but they were not so high compared to december last year.But i still have high hopes that  the market will recover again and a great price increase is waiting for us so let's just keep our faith and patience of course.

Their is actually a high expectations of the market always comparing from last year upto present. With so many issues bitcoin price can come up to high and low. We also experience of increase but not that high as users always looking into the previous all time high, but this does not mean btc price would not increase. I think when we course through the next phase price will increment.

Wait and see in this coming year because i think year 2018 is year of bitcoin correction and whole cryptocurrency

   The statement on the above topic on "12 month of Bear Market". These is a general statement which contradict on the market preview. The ups and down on the price value of one coin as posted on the market does not mean that its a Bear Status. Market is Volatile, it is unpredictable, anything can happen at the trading market during the day.I am optimistic that market will correct itself after the market glitz.

There certainly will be a better future ahead for crypto. It may not be soon, but it will surely happen. Think about the number of big names in the business industry that have adopted or are considering to adopt blockchain into their system. Consider the number of countries that are now eyeing to consider cryptocurrency as legal. Acceptance is slowly making its way. And when more nations and big companies have accepted this system, we will see great changes.

People only compared when they first jump in this crypto thing, and they never know that bitcoin have lower price in past. That is why some people keep complained about bitcoin price.

Crypto is here to stay. Yet, every market goes through cycles. That is simply the laws of nature and economics. A bull market will come again, the question is simply when.

You should know that markets never go as per the people expectation because people never expect it to go down but always wants more and more profit and it is not realistic in the investment world. Last year, the prices have run up a lot so it has started correction in last December. If you have not invested at the peak time then still investors are in profits. This market needs still more time for the next bull run but people want it to happen fast so they are disappointed with the current market price.

We cannot expect the market will recover very soon under these circumstances because there is a considerable amount of pressure from both political and financial sectors against bitcoin and its existence but even under those situations bitcoin is doing fine at the moment and even it is not increasing in price at least it is holding the gained value and in the future there is a high possibility that it will increase

Of all the many times we have had bear markets, they never recover under 12 months, some have taken 24, some 36, others 48, so we still have to buckle up and wait a while longer! No one should expect a bulll anytime soon!! Not when the foundation is till shaky for all of cryptography! Regulators, governments, manipulations, aren't going to let go soon! Good thing is that while all of this is happening, the technology is gradually developing, measures are being built to have this tech withstand government take down for instance. Dex are gradually being developed in some quarters! Eventhough regulations are good, KYC/exchanges subjecting themselves to government regulations are only deceiving themselves, they are the reason why crypto will never see 1000x as it were, if this continue, gains can only be limited within the forex level! Dex will ramp up the gains in crypto if only people can start migrating full time to them and guaranting traders freedom!!

The bear market has a long way to go.

It is becoming the norm that most users are whining the situation market. It's really annoying in my opinion. Why would anyone expect the market to be parabolic? It's too good to be true. We should respect the volatility in the  cryptocurrencies market.

This long bear market season will last soon pal.  So don't worry must be ready on it instead worrying about the circumstances,  because as the matter of fact bull market always didn't show sign when to start because of being so unpredictable ,  wherein in my opinion much better to ride now and hold instead of waiting for a sign, ( to don't miss the up coming opportunity to earn massive profits),  especially on this month of October and November, wherein lot of people /experts had doubts that the bull is near to wake up again . So accumulate now pal instead of worrying .

For most of the Legendary members here we don't consider 2018 a bear market because we all got in sometime in 2016-2017 or earlier. So basically for us this is considered a healthy pullback. I am talking mostly about BTC. With coins like ETH which went from $1400 to $165, basically 90% value loss is a different story.

However for ETH its no different, if you invested during the ICO of 2015 or mined it in 2016 or 2017, you are still sitting at a healthy profit even at $220 per ETH.

Just because the market is not bullish doesn't mean it is bearish, why do people keep thinking that since bitcoin did not moved above the $10k limit we are suddenly in a "bear market". That is not how the markets work, bear does not mean that bitcoin hasn't gone up, bear is when the price goes down.

Market was going down from December to may or something and that was bear but can you look at the market for the past 30 days ? Can you call that "going down" ? I think not. Bitcoin and the market in general has been in a stagnant market and it has not dropped under 5800 which means we are in a great market. Amazing starting point for the next bull run.

It is the economies of scale which drive the demand and supply. Though the price has not increased much this year but a bull run of couple of thousand dollar will help the market sentiment and will also revive the market for better . their will be another level of market if that happens.

Why do you think so?


If you look at the market since 2010 we are already in a parabolic growth. Years from now nobody will care about a 5% drop in price in September or any other ridiculous thing like that. We will be above the current all time high and this is what people will talk about.

Bitcoin is still bullish in the long term, it started off under 1 cent and now is at over 6000usd, that's mighty impressive. We've also not been bearish for 12 months. The price started to fall around February, so that's only 8/9 months at this point. Even if we go bearish for another 2 years the recovery will eventually come.

People do just focused out on the price on where Bitcoin hit its peak or simply its ATH. When they do saw the numbers decline they do already
treat out that the market wont really make any better specially we are tanking somehow stabilize price as of these year. Playing prices on
smaller ranges but if we do really tend to see its chart we would really able to say that we are still on a good point even into these prices.

The bear market is actually getting long and it seen we have not get to the end yet. Since jenuary the bear dominate the market and this may last till the end of the year. We just pray that some institutions investors will come into the market and pull the market in it bullish momentum that we enjoyed last year.

The fact that some of us aren't from the previous investors or early adapter, so the price that we buy when we buy it today is different when satoshi was started to introduce bitcoin and most of them are from the black market that's why it is too famous on their area because this is what somehow their payment for their transactions via computer or through exchanges.

This is not the first time the bear market will happen in the cryptocurrency market and I could remember correctly that the crypto market experienced the same thing back in the year 2016 when I joined this community I also thought that the future of cryptocurrency market has crumbled. This led to selling a huge part of my holding before the last ATH which I later regret and wish I haven't.


You can't use the current market status to presume the glorious future of the market.