Bitcoin Forum

Damn, the bears are back, guys!
I saw the market has started going down today as it erases almost $10 billion in the last 10 hours.
What do you guys think we should do? Cash out now to cut losses or we should stay on the market this is just a mere correction?     

https://i.imgur.com/BwGByHL.png

It was a ludicrous pump. It's totally natural that it's going to deflate as rapidly as it happened. Ideally it'll settle further up than where it started which is the best that can be hoped for. I wouldn't call it bearish, more realistic.

Do you see any chance for bitcoin settling somewhere around $4,500? It is going to a huge success if bitcoin settles at around $4.5k to $4.7k for bitcoiners. With that, I have no doubt the bitcoin price could reach $10,000 by the December, guaranteed ;D

Dunno. And who cares? It was a nice reminder that things can turn rapidly and a shot in the arm after a long period of nothing. If it poos itself to death at least it proved the appetite was still there and it will be again in future. As far as I'm concerned it can do what the hell it wants for the rest of the year well into the next one. It's post halving we should be looking to.

Bears can eat us up anytime that's why as an investor or trader you should really be prepared for that situation anytime because not

all the times we would experience happiness when we do see some price increase.Come to think that dump can anytime happen as fast
as we do able to see when theres a pump that's why you should be attentive on how to secure profits.

The market is so volatile and we haven't to expect for the continuous pumps, instead to think also a rolling back price as it always to be happen.
Anyways, such falls isn't that big and there is no need to be worried so much. This is important to always be prepared for everything that will happen along the pumps cause possibly dumps will follows which causes us to loss instead of gaining.

The crypto market is so unpredictable, that no one can know before if the grow will continue, or if will follow a drop in price, but i think is still a good sign that grow and maybe we will see more grow after some time pass, but indeed we need people to not panic and sell when they sell some drop.

It's so funny seeing how people shift from bull to bear mode because of how traders cash out coins they bought well under the $4000 mark. Nothing in the world pumps like that without correcting somewhat.

Good thing is that the resistance levels that kept us below $4200 for such a long period of time, will become support levels would we test them in the coming days or weeks. This is how markets always have been, so nothing new here.

I am still in accumulation mode so it's perfectly fine for me looking at how the price is going down. Lower price means more coins for my fiat. It's impossible to not like such opportunities. ;D

It is a great time to correct the portfolio and make new strategies to buy more. In corrections like this one, I become more confident if it didn't go down to a major correction zone. Let s see how Asia and Europe will wake up

The $1,200 pump was not backed up by any solid reason. The pump happened just because some anonymous user put $100 million in to the market (but that doesn't explain the spike for the other cryptos). This triggered the rally and the excess supply quickly vanished from the major exchanges. But this is not a stable situation. If there are no more purchases from this anonymous user, then we can expect the situation to go back to the pre-pump levels ($3,800 per coin).

They bears are not really back yet, this was just a small correction after a crazy pump. A real bearish movement would be going back to low $4,000, which still can happen easily. The rule of thumb is that you shouldn't expect any sort of vertical movement unless it's the height of bull market (remember how it went from $10k to $20k in days?). I personally have shorted a small amount of coins between $4,900 and $5,100, going to buy it all back soon when the price will drop or will stay at the current level for a few days.

But the bulls is also fighting back, it went down to $48xx and now it's back to $4900 and closing in at $5k again. So the bulls is not giving the bears a good fight at this point and we don't know who's going to stay on top.

But the volume though, from $20'ish billion down to $17 billion now, very strange. I think we can see the price going to settled in the vicinity of $48xx-$49xx. Maybe another sideways pattern until we get into another break-out, let's see how it pan out in the weekends.

Only can see price get up and down, don't know bear come again or correction but i not sell my assets yet.  Maybe in a few months bitcoin price can increased again so my target has fulfilled.  I don't have skills that i can use in market, only can do buy and hold and sell and minimize losses if i get loss.

a small 3% drop after a big 30% rise is called correction not the bear market. and that is what bitcoin had, a correction after going from around $3.9k to above $5k it needed a correction and that is what happened when price went to $4.8k-$4.9k. bears are only "back" if price reaches $2900

as for all the altcoins in your picture, they have been getting dumped ever since bitcoin passed $4200 market and started shooting up. so there is nothing new there.

The bears aren't back, its simply a pull back. Did you really expect it to just keep going up?
Of course there is going to be a pull back after a huge pump.

This is nothing to worry about, it is completely expected. Look at october 2015 the last time Bitcoin broke out of the bottom, huge pump followed by a leveling off lower for a bit before it headed back up. Basically a good bet is to look for bitcoin to level off either in mid-4000s or high-4000s or maybe right around 5000 for a bit before it heads a bit higher.

Its the altcoins that are dropping a lot more than Bitcoin because their pump was ridiculous. Bitcoin is looking strong to start this new baby bull market.

I didn't call the recent rise as bull run, the same with the fall we got after reaching $5k, not a bear. For me it was just a normal run due to fluctuation of price. So why worry? the recent rise is a proof that btc will recover no matter how down it was. Btc manage to reach $20k from less than $200 before so that few hundred of bucks decrease is just nothing.

Lol. Stop making a big fuss over the market with little movements. It goes up a little, people eagerly call a bull run, it drops a little, people say it's the bears. Can't it be neither? Just a regular market movement that's what it is.

actually the bears never went anywhere there are those bears who saw the change so they stopped being a "bear" and changed with the market since they didn't want to be left behind and get crushed by the market. and there are those who refused to change and after losing 30% of their investment are now scared and are trying so hard to make "bearish" trades to make back what they blow up in smokes.

To be honest trend still on bear mode although we have seen little pump. I am wondering if bitcoin able to stay at least $4.5K for few days then we might see a small bull run. I will call bull trap on current situation and that's why we are experiencing small correction. It was expected for me. However, next move may be will $6K zone if bitcoin able to stay above $5K, but seems unable to stay.

Some could have collected some profits while the price is still at a good standing, and considering that the pump to $5000, alongside other cryptocurrencies that have experienced a good bump, too, a correction is inevitable and would obviously be underway in just a short span of time. I would be surprised if no one would have thought of collecting profits while the market is calm and is in the greens given that we have been in the $3000 ranges for too long and some people have surely bought during the lows of $3200.

The bears never have left. They are just waiting for the right time to sneak and get the upper hand.

It has been stabilizing for a few hours at around $5,000. The drop needs to be 8%-10% to be called a correction. But it doesn't matter a lot, just another opportunity to buy at a bargain, only the Day Traders have to be worried.  If the next week Bitcoin continues to rise, even by a little, I think I would say we're now entering in a great period.

Not even 1 month has passed and you soon thought the bears are back? and if it is a price increase followed by a large price drop? we need to stay calm and watch the next few months to know how the market will behave


The question you should ask yourself is:

- What is your profit target?

Example: If you invested $1000 when the price was $ 6000 and you expect to make a profit of 500% in 3 years, then obviously you should Hold. everything is depend of the objective of the person and each person has its own objective

It doesnt qualify for this description, it rose alot and it fell back which is natural movement.   The highest point matches pricing in the autumn fall so fairly predictable, I cant class it as bearish then especially just speculators will sell at certain points especially people who have borrowed to do so

https://i.imgur.com/DkYWR3a.png

A proper pullback would be to the 200 day average which is 4600 or so.   Its buoyant so far

These days is up and down and again up, but maybe most of people sell their altcoins to bitcoin and this caused the price drop for altcoins, we need more time to see a bull run, but maybe this month bitcoin will hit 7000$.

Bear, bull, guys come on. A spike happened. Things slipped, then picked up again, slipped at the time you made this thread, then is climbing up slowly. Don't know where it's going for today, tomorrow or this weekend, but it's no bull or bear stampeding through the market. Just the typical Bitcoin melodrama we should be used to now.

BTW, I wish the bear were the good guy. He's much more lovable than the bull. I've eaten bull too.

Firstly, the bears were never fully out in the first place. I'd say that if there was some sort of measure of traders sentiment, it's still swinging towards the bearish side. Investors don't expect this rally to be taking prices up anywhere close to an all time high when we've just gotten past the period of sideways movement at the price floor.

Thus, a correction can and will occur as soon as there is resistance, and this time it seems to be at $5k. It's nothing out of the ordinary - in fact it was a matter of time.

I wouldn't panic at all. I think that there may still be some more time to go before this rally ends and a real correction comes, but if one does com, it's simply another opportunity to dollar cost average and accumulate BTC at sub-$5k prices, which I think is extremely cheap in the long run. I don't believe that we'll see anything lower than $3k, even if a big adjustment comes.

Lol, David killed a bear with his beer hands, so I think together as a community we can send all the bears in our market away, and besides the only way the bears can come into the market is by creating FUD which is no longer possible since investors are tired of hearing FUD news from people who later come back to becoming fans of the crypto market.

Learn from the past they say, one of the reason why I believe in the future of bitcoin and I believe most of the future ATH is because majority of the present investors are also still using this stage to learn more about the system and its operation.

Just like we have learnt lots of things from the past which of it is the FUD you talked about, now it will be really difficult for anyone to use FUD to panic anyone into selling, we are with BTC till it gets to its ATH, we are not interest in removing our investment now and finally our action will help push the bull forward and create a very big gap that will be too far for bear to catch up.

That is truth "David the servant of the Lord killed the bear with his beer hands" I strongly put my views on the side of bull as a bullish trader.  I think the bear is afraid of coming out of it hiding.  The bulls are here with full force and I see this market heading towards $8000 by June or July.  Don't think that the cryptocurrency market is dead!  This market is hear to stay with us and we should be happy it is starting in our time and I know our future generations will be happy that this type of technology exist and they can used blockchain technology for transactions.

Bears are not back at all, altcoins are trying to catch up with bitcoin but bitcoin is still on a bull run. For those of you who never watched bitcoin before the 2017 peak, when bitcoin went up all coins went down (as early as 2017 summer when bitcoin cash was coming up) so when you actually think about it this is not new, things were like this for a long time.

Moreover, on 2017 peak when bitcoin went up everything went up with it, for some reason they all increased together so all the new people afterwards started thinking when bitcoin goes up it means everything goes up but it wasn't the case back in the day. So I see this as not bears coming around but as bitcoin/altcoin relations going back to what once it was and one goes up the others go down.

Truly if the current price is sustained at $5K+ at present then we are in for a bullish run till $6K however I totally disagree that the price is still in a bearish run of course a temporary pullback or corrections of the price is imminent but that does not mean the bears will control the market as it is now I am very optimistic that the current bullish trend will be sustained how far it will last? its quite difficult to predict.

^^ I think this guy is right, the way the price has sustained above 5000 like this is surprisingly bullish.   The ironic thing about pull backs is they are actually bullish for further gains, just a sell off from the froth at the top of the move is totally healthy and reminds me alot of the 2017 action and how people got scared but were not paying attention to the % moves in play.     I still consider this a strong move going back months now

If youre afraid bears will gonna eat you,  show them what youve got that you cannot be easily affected by these bear market. Just hodl and youll be rewarded.

Then what about the market now?is there any post you wanna do after shaking the forum.?

If you can post alarming thread then you can also put positive topic for same reason

Bears are gone and bull is coming thats the reality

It will be a hard decision to all of us who hold different tokens, Especially bitcoin it is hard to say to just sell of all our bitcoins just to say it will cut out losses there. Trusting in bitcoin and cryptocurrencies can lead us to something that we never expected.  ;)