Bitcoin Forum

All the signs of the Christmas 🌲 bear has been shown.

That very bear has already started clapping down on the market.

https://i.postimg.cc/mtpyN4v1/Screenshot-2020-12-24-01-57-37.png
 

It seems what happened last 2017 when Bitcoin topped around $19,000 is happening again this time. Peaked in the month of December is starting to decline again. But this time is different, no abrupt dumps or pumps compare before. I can say this time is more healthy price action.

The total market cap still not showing any bearish sign. Observing the total crypto market cap may also a good idea and way to identify the bull/bear market. So far, so good for me.

https://i.imgur.com/obr5dQ3.png

What's happening now has absolutely no comparison to December 2017.

It's comparable to what happened in December 2016 and January 2017. The price rose through the autumn until it broke the previous ATH then corrected for a while before the really big rally almost a year later.

The bear market won't happen until late next year or early 2022.

I am still not very sure if the Bearish market started, because we must remember that Bitcoin does not break the first wave of the bullish trend, also the million dollar wallets have not moved their percentage much, I am much more inclined despite the fact that the decline is the most natural market, due to global circumstances it is also understandable that some panic is generated by the new strain of Covid-19 that was discovered in the United Kingdom, but the path that Bitcoin is taking I do not see as now falling into a bearish trend .

Bitcoin dropped in price by only like $1000 and suddenly we're already seeing bear posts. Freakin LOL. As for all those altcoins though? Nah man, let them burn to the ground (especially that Ripple fidget spinner-coin. git rekt).

Bear? not yet. The color indication on crypto market tabs looks encouraging to say the least that we're already in the bear market. But if you look to bitcoin's price now, it's @ $23,156 and that's no bear.  :)

The indication that the market is bleeding doesn't mean that we're already in the bear market. We're too far from seeing the bear and if it's there, we might see a nosedive that could lead bitcoin's price back to the lowest for this year which was around $4,900.

But needless to say, don't worry if you think that the everyone are actually taking their profits. It's Christmas and whales would have to cash out. This is a very strong sign that the market is becoming stronger and could show us another ATH by 2021.

OP, that should be merely another golden opportunity for everyone to buy the dip, and never to be feared! Zoom out! Where we are heading, there will be no bears. Although there's one Honey Badger. 8)

Honey badger is very small compared to 🐻 bear 🤣🤣, can't crave off many meats from a honey badger lol, this december is very different from December 2017, in December 2017 bitcoin dominance started to lose weight little by little, this one shows no sign of any weakness, it means that the bull market will stay longer than expected by many and altcoin season may not happen in early 2021

Exactly it looks like dropping movement has started and alts are already going down daily However BTC is maintaining its reputation and continuing it's bullish trend as investors are loading their fundings in bulk.

Also we are experiencing the drop everytime during Christmas Eve from 2017 as many of them cashout their holdings and even now it may go on the same way.

If this is a munching bear then it is one with an extremely small appetite!

You are informing us a minor downtrend which is the usual behave of the market .Its just fall a bit but starting to recover once again .Its really true that we always face some downfall at the year end on Christmas but market still on good position on uptrend .So guys i really think much right at the moment its going ordinary to me .

Lets hope it won't be as deadly as 2017/18, at least back in 2017 before the great bear period shook the whole market, alts experience a lot of price pump along side btc but same thing has not happen this time so i hope bear will not take alts down completely even though they never had the chance to run with btc  :'(

Some really misguided people in this thread. The halving wasn’t long ago, we are nowhere near where we were in the cycle in late 2017. That point is late 2021, there is a load more space for growth & price discovery. There is no bear market right now, we are fully in a bull market.

It seems that we have entered the Bear 🐻  market, which may extend for a week or more, after which we may witness wide corrections in the price, but I believe that the news of the stimulus packages that will affect the price of gold and that may lead to more rises.

The wave of rising noise in the decentralized projects will push small investors to more liquidity in the market.

Also, news of stimulus will make many companies try to put part of their capital in cryptocurrencies.

I really can't say we are dropping all that much, this is still daily spread levels of drop and I am sure this will not change much for the long term. Think about it this way, bitcoin could go up and down 10% per day, those are understandable volatility of daily movements, anything under that is still fine and not a big deal, and this is more like 5% right now so it will be fine.

Long story short we are not in a situation like 2017, because after that peak we have gone as low as 3.5k a year later, and we didn't stopped anywhere in between neither we just kept on going down and down so do not worry that the same thing will happen again because it won't. I trust crypto this time around that it will be doing fine, and it will definitely be something that won't be really that major neither, not considering 40k+ price neither and nothing under 15k neither, it will be a bit stable.

I was expecting this in the market a week back and finally the market is showing a correction on back of the SEC verdict against Ripple and the entire market except BTCitcoin went down. I am wondering when there will be a correction in the BTCitcoin market as well and when the institutional investment stops as it will give many the opportunity to purchase again  ;D.

Noobs gonna noob!

We are at the beginning of the biggest, most powerful bull run in BTC‘s short lifespan. Prepare for price action previously unseen in any new technology. 1BTC will be six figures in $ within 12 months.

https://hackernoon.com/hn-images/1*pRSDM_WiBJaavRvLvPMz7w.png


I think We are still in a Bull Run because $23,312.19 USD is still considerably increasing in my opinion, Maybe this time it will go to the moon but apparently, this kind of movement Bitcoin does will come in a correction, Maybe after the Holiday or another year had come we can expect a correction after this, but let's just enjoy what Bitcoin is giving us right now.

Because it's definitely holidays and a lot of people are cashing out their money to buy Christmas presents whether physically or virtually. I think this is very common like in the past few years. I just hope that in the following year, it won't repeat like what we have experienced in 2018, because I believe the market has matured unlike in 2017.

Much like gold, I get the feeling that Bitcoin will lose some of its attraction when Covid starts to disappear and the world economy starts heading back to normal. It certainly has a place in a balanced portfolio, but it looks more like an asset people run to when the stock market gets the jitters. As soon as inflation starts growing and world banks stop printing money, Bitcoin might start dropping in value - that could be a long way off though.

It looks like you took the 4-year cycle as reference.  I agree that Bitcoin bear hasn't been awaken yet.  This is just a healthy price correction.  I also believe that the Bitcoin market will continue to uptrend until the end of 2021.

Oh cmon Bitcoin has pumped more than 100% in just a matter of 3-4 months even 30% dump would look like the correction in such sort of market and when it's hovering around 23-24k you are saying that it's bear signs? Quite strange how quickly people change their perspectives towards the market. Moreover, the pump back in 2017 was much less stagnant than this one this time bitcoin has peaked and stayed in that zone for quite some time now. It's pretty early to say that it has found support here but it seems like a healthy price movement and I feel that there is still enough fuel for another leg up. But obviously, my targets aren't too fancy as people are predicting like 70-80k I think a 30k would be more than enough for this time. But yes you can say a few people withdraw some money out for Christmas so it might see a bit of movement but don't think this is anything serious.

and btc has bounced back over 23,400 from 21,900

eth bounced back from 551 to 607

Most people running around think this is a bull market don know what bull markets are.

they are looking at the 3900 last march and seeing 23400 now and scream bull bull bull.

BTC has reaching correct levels of pricing which should be in the 21-24 range.

Eth is almost at correct price which should be about 750-800 range.

to be bear or talk bear at this point in time is bullshit ;D

If we get over 28k this year we will be in the true bull run territory.

we were 19.9 dec of 2017
we are 23.4 dec of 2020  about 18% over 3 years

the dow was 24.7 dec 1 2017
the dow is 30.1 dec 24 2020  about 22% over 3 years.

These gains are not that much for a true bull run.

So I am not particularly concerned about you bear guesses.

If we zip on by 30k fast maybe we drop hard then.

Lets see if it would able to hold up and its somewhat anticipated for this thing to happen since we are on a holiday season where people do need to exchange some of their investment
to fiat to celebrate and buy up things that they do like.
You would really be expecting these kind of events yet sentiments like these we're common and also even if theres no holiday then corrections and red market can happen anytime.
This is why it isnt really surprising on seeing red prices in a particular time.Thing here is that you had already secured out your profits and take advantage into those movements.
Buyback when its cheap should be always in consideration.

Has it? I see a 10% dip in BTC, then a sideways recovery. It honestly looks like stair stepping before new highs. On the weekly, it's a spinning top doji, not an obvious reversal candle.

I'd love to be wrong about that. I'm in low risk mode and my longs are tiny these days because we've gone so high without correcting, and because sentiment is so greedy right now. I'm waiting for a big washout like January, March, or June 2017 before buying big on leverage again. Until then, the big crash could be around the corner. Doesn't mean it has to happen now though.

Bitcoin is not inflationary like fiat, if fiat is inflationary and circumstances resulting to inflation, that means bitcoin will have more value which could in one way increase the price of bitcoin. What did you mean by if bank stop printing money? Did you mean when CBDC will start be used for currency purposes? I do not yet understand how this is linked to how bitcoin price will fall because it is not possible for bitcoin price to fall because of inflation or because of when banks stop printing fiat.

Just see it back again those since the few dumps happened is pretty much normal since you need to consider the season but for what I see this morning is bitcoin is doing a solid up again so provably the bear we fear for is not totally damaging since we have great potential coming up next year.

I smell grilled bears...

Total market cap would be a macro trend probably identifiable against Dollar index rising, we only have a hint of that and really no excuse to presume USD especially reverses the recent trend into this year end.

Price at the moment is quite indifferent, we are caught between the fast 2 day and slightly more considered weekly average which are blue yellow lines on this chart.     Just before close of the daily bar its broken back upwards again so is hardly negative on any time frame.
https://talkimg.com/images/2023/06/12/A1iQz.png
23777 is about the same high it achieved a week ago so has held better then many times previous

LOL, I really don't know why people are comparing 2020 to 2017, there are not the same, this is just 2016 wherein we have a rally drop significantly. But entering the first quarter of 2017, the price rose to 4 digits to $2000 because of the news about the Winklevoss ETF around March, the price nosedive with the rejection.

So we are still far from the bubble we have seen in 2017. This is just the start of something big in 2021. As the price can rose massively to $30,000-$40,000.

At the moment the market changes doesn't look like the trend pattern of 2017. Right now the market has once again bounced back, the bear trend has got transition. Altcoins seems to face the bear trend, that too with XRP it is a massive decline in the market from the recent bull market. For users who profited out of the XRP it is time for a buyback.

Bears. It's what's for dinner.

https://wawanghunting.files.wordpress.com/2013/11/bearfordinner.jpg


I think a lot of people are just referencing 2017 as another way to say "bubble."

But yeah, it's definitely best to view the potential upside in terms of extensions above the previous ATH. In 2017, we saw a 16x extension above the 2013 ATH. In 2013, we saw a 35x extension above the 2011 ATH.

The year it happens doesn't matter......

What happened yesterday was basically the SEC said that xrp is a security and sued ripple. So there was a huge dump, it was at -50% at one point. And since most tokens are most likely securities they started also dumping.

It was brutal for most coins except BTC. Many people especially people who bought alts on leverage or margin most likely got cleaned out. Today things have calmed down and many alts are back to the same levels.

This is a common thing, when there is a holiday celebration, people will sell to get fiat, but no need to worry that the current market is so strong for bitcoin.
make this a discount price to buy again because we may not be able to see bitcoin prices around $ 23k in the next year.

yeah  it is common for holidays to see a bear because there will be snow and bears eat snow . hehe joke

but seriously now , i think it wasnt really common to see a bear market happening in holidays because i think that last past holidays , like holidays on the year 2017 there is no bear that we experience but it was only a bull . no need for people to sell to get fiat because if they have a job they can get paid by a fiat but the year now can be different because we are still in crisis or financial crisis to most families . maybe that also leads for people to not have a fiat but only has a btc to sell for fiats .

Many believes people are cashing out their Bitcoin to spend it for the holidays, and its possible sine this happen all the time and if we are still on a strong bull run then we should go back easily right after the holidays. In the past red days the market is facing some bad news, specifically with XRP but I know all time high is yet to come, $25k can still be achieve next year.

Ahh yes. That old Christmas bear...

https://i.imgur.com/hPPeRVr.gif

Merry Xmas. Happy ATH.

End of the years are not really the best time to start investing, it is usually a bit too late to invest if you ask me. Normally if you want to invest into something, do it a bit after the year ends and new one starts. Consider investing in February for example? That would usually be a better situation for you.

There is no guarantee when it will go up or down because it is totally random but "usually" before the year ends people get their bonuses and payments and salaries so they all go into bitcoin, which leaves bitcoin at a higher price, but the same amount of buying doesn't happen again and again constantly without a stop, so it changes the price. Of course this might be counter balanced by some rich companies buying too, we don't know what is going to happen, but we know that we are a high price right now, that much is clear, waiting a bit more wouldn't really hurt.

Many believe what they believe. I see people getting rid of worthless altcoins to get more BTC.

It really looks like some of that dumped XRP went towards the strongest coin on the market and gave it a nice boost. 25000 is going to show as our new ATH any minute now.


Marry Bullmas and a Happy Dead Bear ;D

Not yet bear for bitcoin. Bulls are still strong and that was just a very  small correction lol. We are just into 23k something and not yet below 20k so we are expecting some small consolidations before the 3rd pump wave.

But yeah, while btc dominance are high, most of the altcoins are suffering from bloody markets resulting them to be in bear mode. Especially xrp, which I doubt it is good to buy it for now because of that issue it's suffering right now.

I don't think the bear market in the crypto space has started yet. In my opinion, the recent decline is normal. The decline in bitcoin price in each market is not that far away, so there is still a chance to continue rising to reach $ 30K in 2021.

Lol just after you posted this Market Boomed and Bitcoin specially as the ATH Hit again today .

Sometimes just a  Few hours away  before the Volatility shows ,and brings the market Value that we don't really expect.

Bear today? lol almost making 25,000$ few hours ago this wont be a Bear.

And Bear seems no to come this year ,Let's see next year if he can bring the market down.

ftfy

imo There's a very good chance of reaching $300k in 2021.

Don't bears hibernate in the winter? So if this is a Northern hemisphere bear it would explain everything.

Sorry bears. Better luck next time.

https://i.imgur.com/nnuxoqZ.jpg

I can only understand OP because his nickname is @Lmaooo so he is joking. Or maybe he opened the post in advance to today, which is fool's day in certain countries. Anyway, as it has been pointed out, it is quite laughable to talk about a bear market just because a very small short-term correction.

OP posted this thread the day before Bitcoin went up by $4000 in just over 24 hours haha. Didn't age well  :D