Bitcoin Forum

Hi

As you you, no market can be bullish or bearish permanent. so when is the Crypto black day? Plz explain with reasons.

It is hard to make a precise prediction due to many reasons. Crypto can be in the Black day in the next few months or at the moment. There is no significant pullback, only a 20% correction but a temporary bearish is possible. Many people expect bitcoin to overcome its current peak and hit $100000 before the end of this year which I consider quite maniac. But there is no reason for bitcoin not to do so, right?

I do not know. The only thing I could do is to collect a bunch of bitcoin for the future purpose.  :P

No one knows. It could be days, weeks or months from now. Having some deja vu sentiments of the 2017 bull run since we've been peaking for some time now.

I see you are ready to buy the dip? ;D

No one nows and no one can give you a exact day on when this incident will happen.

Are you waiting for the huge dip? Maybe you cannot see that for now so instead of waiting much better for you to buy bitcoin now the price is much cheaper compare last week so its good to do scalping if you know how to do it. This one is much better these days since market is slowly volatile after the frustating dump happened.

I am also expecting the peak to be happening by the end of this year which will be similar to 2017. But, when we are having big institutions on play, I am just speculating about some differences on possible occurrences of peak levels. Institutions are known for pullback than anyone else so that they will milk out the maximum than others. This way the current bull run's peak may happen by October/November itself.

I understand that OP might be asking this question with the plans of entering into bitcoin market. That is really a good decision like getting opinion of this community before making a financial decision.

Basically, OP wants such information for him/her to make huge preparation for the de-day which is unfortunately not known to anyone in the industry except he agreed to take the risk to strike when there's a major dip in the market. There's FUD in the market right now and OP can take advantage of these times to strike an action, who knows - 20% down should be a good black day.

I guess bitcoin has defeated those manipulators right now as it is strongly holding above $55k levels for more than 36 hours (right now trading above $56k levels) and this current phase is just waiting for those big boys get back into business. If individuals are about to grab earlier than institutions then they could avoid later regrets.

What OP is looking for may not happen in near future as they might need to wait for months. Even though  crash will not happen within a day, I am not sure what OP is exactly looking for. People who prefer shorting in leveraged markets might be waiting like OP to short bitcoins.

No one has the crystal ball here to really see what the future brings so no one can answer you. And besides, everything here is based on wild and educated guess although it is based on technical analysis, but still it is not an accurate science.

But if you are going to look at the market movement and sentiments, I would say that we are still in the bullish cycle. We just encounter some glitch along the way. Remember that this April alone we have reach a milestone already (new ath).

I am not really sure what are you asking. If you are asking of trends. There are long term, medium term and short term trends. If you are smart forget about short and medium term trends. Care about long term trends. Bitcoin have a cycle, that that last same as one halving so about 4 years.

Halving were so far:
28 November 2012
9 July 2016
11 May 2020
Expected 2024


So we are now in 3rd cycle or 4th if you count first one from beginning to Nov 2012. In each cycle you have Bull market, bear market and stability. Cycle start with bull market that last for about a year, followed by bear market that also last for about a year and is followed by stability that last fro about 2 years. This times can vary a lot, but is not really important if they come half year latter or earlier. Important is that they do happen.

Right now we are in bull market, that should end in about half year time. Then bar market will start.  But as I said, there are also medium term and short term trends. Being in long term bull market dont mean price will go up up and up. If that would be a case it could last only a month and done. :)

OP wants someone to tell him about the future of crypto and no one has the crystal ball to tell him that. This question is really very subjective and it depends on the market sentiments. As there are so many contributors that are affecting the crypto market, what he can do is keep him updated of the market movement. No one can give him what will happen next day or next month.

The bear market will probably swing around some time next year.

The rest of this year should still be extremely bullish given the circumstances that we face (with institutional investors pumping money onto the scheme, as well as renewed retail interest).

But as you said, no bull market can last forever. Given historical trends, the peak of the bull market generally occurs 1 year after halving (exactly right now, as we speak) and slowly tapers off around 2 years after the halving, before slumping into the bearish cycle.

I think that chances are history will repeat itself once again - but be very careful if you're trying to somehow time the top.

So far though, the market will remain extremely bullish despite the current FUD or misinformation that is coming out. And with that said, this bullish cycle might continue up to the end of the year, wherein so many experts see that price hitting $100,000 before we might see a decline.

So for now, very bullish, market is greedy, lots of money are flowing and entering the picture. And we might hear another Tesla like company investing on Bitcoin this year, to hedge their balance sheet against inflation.

Man, why do people expect traders to have some form of future reading powers to always ask when xxx happens or yy happens. Just hang around the market most of the time, heck even on twitter or in this forum, hang around a few hours every day and you'd easily see any topics related to whatever you're looking for.

Imo though, it's likely to be far off, at least a year or so. The market is pretty well off right now even if we consider the huge minus this past week. Watch out if it goes below $50k, then maybe something is going to happen you can take advantage of, but it wouldn't be a huge one imo.

I don't understand what are you trying to imply. It's like asking when will be the bull or bear market?

No one knows when. If we does, it's going to be easy to trade or maybe no trades at all since we all know when it will happen.

If someone says a date, it's just a speculation or prediction.

I don't think that we will know exactly when will that " Black" day happen and we will only know that it happened is when it has already passed by. I don't think that we should worry about it since there isn't a lot that we can do about but consider it as an opportunity to make more profit if you know how buy low and sell high system works.

I think you're speculating worst than red days mate, but in reality of market situation that's unpredictable because the resistance is hard to break right now. Price momentum was keeping stronger and more incoming investors now adopt btc on their assets.
Indeed there's no fixed price movement due to volatility, but having black days would come to a world war 3.
That's the time, ultimate dip happens, and if you're alive and going to survive maybe it our best chance to own bitcoin to nearly zero value in my own opinion.

Yes, the remaining months are definitely going to be more surprising given that how other institutional investors are going to react on so far invested big guys are benefiting. This usually trigger FOMO and I guess it is time for intensive FOMO in coming months. There were multiple reasons are got blamed for the recent plunge up to $51k levels. But, I am sure there should be multiple big guys making use of this dips right now.

An all new theory, I have never come across. Still I love it because you are 100% practical. A black day should be caused by that kind of extreme events and not just by one or two whales or by market sentiments, I agree.

OP, if you navigate the other sections of the forum dealing the market. You will see bunch of topics that are asking the same thing so they can be assured of whether they have to buy or they should wait for some more time before they buy/sell. Such information is random and you can determine it through chart reading and technical analysis.

Crypto Black day? Crypto is not like stuff in a store with a big discount in one moment or the holiday season.
You are wrong if you think like that. Every time the price gets dip that is the black day moment and you can use that time to buy bitcoin, which is usually known as the bearish trend.
But no one will know when the bullish and the bearish time because the market will move anywhere.
You can buy bitcoin anytime you want.

On this situation of crypto currency in the market.. Well all i can say probably huge dip is impossible to happen at this point in my opinion, as they keep making good progress day by day, look  here.  (https://coinmarketcap.com/)
You'll see that they're still making bump and keeps improving.. Although sometimes there's a fluctuation.. But its normal since it's part of the volatility..  

So if you want to make technical analysis just to keep updated. click that link above.. Because on this situation we still have no clue. Unless it shows a sign after days or two.
 

I think you're specifying Black Friday not Black Day. Is there such a specific Black Day (Friday) for crypto? I don't think there should be a day for that, if you think it's the dip then bought it then next hodl.

After  a Year of creating this account now you finally Make your first post and just for feeding spammer?

Let me ask you , How many account of yours that will benefits from this Nonsense topic?

reporting this thread to be Locked as this will surely flood with Spam and speculative posts in generic way.

Next time try to post more first because it is an obvious given thread.

There may not be a day called black day for crypto or I have not heard about it. Black days for me may be days that bitcoin or cryptocurrency are all in red and have made losses for hodlers to complain all about. Yes there are days that price will be all on red and investors can refer that day as black day.

I understand by black day, OP is trying to mean the day where BTC will be dipping so drastically (whereas black Friday is an event where goods are being sold for discounts with crypto payments options which usually happens on one Friday of December month). I have not seen any day where BTC will fall so wildly so that we could buy. Bitcoin's bear market also take place year long which usually happens after strong bull run. I hope we are in mid of a bull run and bottom may happen after 2 years from here approximately.

In past usually (CMIIW) if almost holiday price is down for a moment, at past what i though is when almost holiday people sell their assets to it.  ;D But now i am not really into bitcoin price viewer, only see what good or bad news come and usually it can impact to the price.

Well, there is a possibility that a bear market might be present in the next few months ^{[2nd to 3rd quarter of the year]}.
Besides the correction that will happen, those quarters are actually the usual quarter where Bitcoin goes down. I am not really sure the reason why but if you will check the statistics or data and infographics about bitcoin price annually, you will see why I am saying this. If in case that bitcoin might go down, I think the lowest possible is only at 20-30% down, and still, bitcoin has the price with colors. But when it goes back going up, expect the unexpected.

When we do talk about BLack day then it might be pertaining for a very long bearish market or somewhat in the middle of those consolidation days where price isnt really making some major movement at all.

Talking on when it would happen then no one really knows because this market is always been that unpredictable, you wouldnt able to know on what would happen in next minute,hour,days, weeks,months or years.

Thing here is that when this time happens, you do still have the funds for you to put on for making some buyback action or simply buying on the dip.Hesitation? its always been part.

It's likely that the price of bitcoin has became lower.

And if he's looking for that day, he should turn himself to the charts and see how much bitcoin has dropped after hitting the all-time high.

Bitcoin dropped from $64k to $51k as of writing.

It is impossible to predict what the market would be in a weeks time let alone tell you when the bear market will take over, if anyone could predict these exact period they could be billionaires in no time. I do accept the fact that it is impossible for any market to be in a bullish trend for a long period and right now we are seeing minor correction in the market which is aided by some rumors that is spreading in social media.