Bitcoin Forum

We exited the bear market earlier than everyone expected.

The prices might only start to surge from here. Many people said that the Korea FUD, the Elon FUD, and the China FUD will kill Bitcoin. But what it actually did was speed up a 3 year bear market into a 3 week bear market. 8)

Dead cat bounce.

Not sure about exited - I don't even think we entered it.

There has been a huge price surge since the end of last year. I think that the price drops over the last week or so are simply the inevitable correction. Sentiment overall is not bearish, it's just that the higher the prices go, the more people start to get a bit twitchy, and eager to sell at the first sign of trouble... which of course has a snowball effect.

But look at the charts over a long time frame, switch to log scale to get more perspective... and it doesn't look bearish at all.

IMHO, we're not in a bear market yet. Not unless we go below the 2017 ATH.
There has been so many FUD that's going around the crypto space, but the current Btc price isn't in the bearish run yet. I still considered it as a high price, but at the same time a good price to accumulate more. Considering how Btc has been rising since last year.

exactly. The market is very unstable  ??? ???. Who can guarantee that the bitcoin price will not stay below $ 20k? Or vice versa. There are quite a lot of drastic movements unfolding. Many investors are stressed and panicked. Only time will tell what will happen. But I am sure we would be astonished for what will happen.

i don't think we are out of the bear market just yet. i can still see the panic in the (virtual) eyes of the weak hands who are still hesitating to buy bitcoin. by the way if we were out of the bear market price should have been back to $45k at least not still stuck at $37k and not really rising.
besides many experts aren't considering this as a bear market just a big drop that we had that has made people worry about buying in. it could take some time to get back to normal though.

We may not have even entered the bear . Remember it was not natural that price deeped. Elon musk was really in the busines and that was a major reason for the dive down and if not that, maybe price could still be around above $55k. So maybe we can say correction and the bear isn't triggered yet or may not even trigger anything below.

We will have to wait and see what happens, if the price recovers relatively quickly from this then this was not a bear market, a bear market is a long period of time with a downward trend, 3 weeks is not a long time and this would mean it was only a crazy correction, the ones that we see from time to time in this market, and if our speculation that the ones that bought those coins are in fact whales is correct then the market will recover rather quickly as those whales are not planning on selling their coins anytime soon.

Market looks strong right now, it's important to hold and not sell during bear market or whatever we call it. Can't trust I'm down a significant sum yet I'm cool with it! I can smell a push back from the onwards, the next move will be even more amazing. Either way I feel at this point holding and adding to your position is the best option, then wait next surprise.

Not that much excited for the end of bear market as there is still another possibility for entering into bear market. But it's true that market is going to recover from this correction if it's able to pump with large volume and trade above $45k price level so that next major resistance can be broken to take bullish rally. Also one more thing, we might enter bear market again if bitcoin fails to take bullish rally with huge volume after breaking the $60k price. So lets enjoy the current surge and wait for the main resistance level to watch out for bear market.

From the little experience am having I believe we are getting over the bear market bitcoin is bouncing back and other altcoins are also beginning to rise and with time bitcoin will bounce back and will even pump more and other altcoins so the only thing you have to do now is to hold your coin and have patience and wait for them to bounce back you don't have to be scared of anything I believe with time thing's are going to be normal again in the shortest period of time.

I feel the same way, and have reflected this in other comments on the subject. Perhaps the drop has been a little more pronounced than I expected due to institutional demand, but I have not felt that we were entering a bear market, unlike some of the comments and posts I have read. I keep repeating that we are going to reach $100k this year. The weak hands have already sold, and when we go a little higher, there is going to be FOMO again

It is only dead for those who desire to get quick profits and do not understand this market. As for those who have been in this field for a long time, I think they have enough awareness of the potential of this market. For me personally, although participating in this market is neither too long nor too short, I always have a belief that this market is always growing, the problem is how we see it growing. For example, I feel that people's access to this market has turned to another page as people are starting to recognize it rather than resisting it and having a bias towards it. As for the price, it's up to each person. To me, it's still great simply think where it was a year ago and how it is now.

It proves that we were not flogging a dead horse!!!!

People will never understand the grim reality of bitcoin and how it works. Most of the people are into bitcoin are just here to make money in traditional ways. They don’t understand how it works and how it behaves. They are just like panic holders and fomo investors.

Very disturbing to the market and for long term hodler like us.  ::)

It certainly seems so, I thought there would be a bigger dip, but the prices kinda started to pump up again lmao, well, for good I guess, I have bought a couple of crypto during the dip so I wouldn't regret later I thought, was planning to buy more after it falls a bit more ;D, but that didn't happen (luckily or unluckily) ;D I guess, it was/is a fun ride nonetheless.

It is hard to say what is going to happen this year. The bear market happened very suddenly and was unexpected to many of us, the same could happen to recovery. But usually after a bear market we saw some time of constant prices in the bitcoin market with only low volatility. I would be very surprised if it just rises back to the ATH now.

For now we can't say for sure if the bearish trend is over since it hasn't made any attempt to retest back it's altime high and until this position is broken and a new trend begins from there we still have a bear market.

Irrespective of how strong news affect the trend of every tradeable commodity it can't kill it down completely. Bitcoin still remains a decentralized currency and has such has no central regularly body. Individual and government tweets can only cause either a positive or negative spike in which after such a correction moves sets in and once the correction moves gradually overwhelms the intrusive move a new trend sets in. For now Bitcoin is still bearish

Probably a dead cat bounce or a bull trap for me. I believe that we are in a consolidation period for a while and may trade sideways between $32k to $40k range. I also believe that $32k will be the new strong support level.

Here's the reason: https://cointelegraph.com/news/bitcoin-whales-accumulate-122-5k-btc-amid-latest-market-mayhem

These whales have bought massive BTCs when it reached $32k, so I certainly believe that we have already reached the bottom and now going up again. However, market is unpredictable and we should always acknowledge the risks that we are taking. For those who bought the dip and not during the crash, you are now enjoying your profits.

Wouldn't expect much from the sudden increase tbh. It's most likely just traders who took advantage of the dump to buy since the price dropped, and then resell again shortly after the market goes up. It's a kind of a short window but can still be taken advantage of nonetheless. If we were out of the market, as others have said, a lot of people would have honestly bought and rose the price to at least $40k, since it'd been quite obvious by then that more people started buying instead of selling.

I am still in doubt here we have seen this before what if it is like what happen in 2018?
Were it has been dropping and bouncing back a little until it reach so low?
But I don't want to ruined the celebration and enjoy the moment so cheers to all of us.

It happened so fast that you didn’t feel it. Hahaha.

Because Bitcoin did three years worth of a bear cycle in three weeks. It’s less if you don’t count the first two weeks because everyone was still “bullish”.

https://pbs.twimg.com/media/E2M8gccXsAMaMhB?format=jpg&name=900x900

 8)

I agree with your point. This drop is huge enough for others to believe that it is a sign of reversal. However, bitcoin quickly recover from the crash and now it is heading to $40000 again. There is no sign of bearish in a long term and soon bitcoin will meet the big resistance.

According to old data, bitcoin will probably hit $100k before joining the bearish cycle

I'm sorry to say this but another Elon's tweet helped a small recovery recently. This isn't good, the market needs to forget about following influencers, this doesn't help on the long run.
For what it's worth I'd have expected a lower price right now and I could have been happy about it: I'm stacking furiously at these levels.

If people will continuously follow what he do for sure we will have no healthy market movement, its time to forget Elon Musk by now since his intentions has been exposed already and he doesn't care on adopting bitcoins, his main intention is only to gain from it and to boost up the popularity of tesla. We already done with Mcafee so hopefully it will be the same with Musk to.

So it seem, the Elon Fud helps hasten the bear market faster than the expected time, and to me has the most impacts than even the China fud, we are already use to China banning and unbanned crypto almost every year, but Elon tweet about btc mining sure hit a nerve and made many people panic sell, it wasn't the familiar kind of fud that's it shook the market.

I personally think that this bear market is good chance for me to buy more bitcoin. I am not sure that I can use forecasting technique for this time because this situation itself is unpredictable. But my instinct said that bitcoin price can go down lower than 30k. There are some little bounce but bitcoin price still tend to go down. Now I have to give extra attention to the price chart.

The market will have a hard time forgetting influnecers, they have the user base that follows what ever they say so we can't do much about that. Also, instead of getting rid of them, I think the best thing that we can do is to use it to our advantage.

Elon Musk’s influence over the market, and its participants, will slowly go in due time. There was John McAfee before him, and before McAfee, there was Roger Ver. If in doubt, ZOOM OUT. No one truly had an influence over Bitcoin’s price. It’s simply on its own in a path of price discovery.

If we actually entered into the bear market then we are still a long way to go, all the FUDs brought the bear market earlier than expected in my opinion. If we look at the daily candles then there is clearly a decline in the market for the past 3 or 4 weeks which represents the downtrend but the bear market can be only recognized in the long term and precisely only after it happened.

I feel like we are going down on volume and that may mean that we are getting closer to higher volatility in a daily move but less in the grand scheme of things. Like for example bitcoin moving between 30k and 35k in a day or moving from 35k to 40k in a day but it is not going above 50k and it is not going under 20k which let's be honest could have been expected the way we moved previously.

This is why I think it is quite good to realize we are doing fine but realize those daily huge movements we may have in the end is not because of any movement to any direction as a set movement but more like about low volume and that's it there is really nothing to worry about the daily changes for now.

Let's just hope that you're right that we are already out from the bear market and it only took 3 weeks instead of a long time hibernation.
If this is really the end of Bear season then should we expect another ATH record for this year?

I don't think that we are already out of the bear market since bitcoin price continues to drop at $34k but still this is nothing compared to 2017 bear season. T he price is still high but definitely a good time to start buying bitcoin.

We cannot control the market if bitcoin continues to drop but isn't it's a good opportunity for newly investors to see bitcoin reaches another dip? The more bitcoin will go down, the higher the chances it will surge into a new ATH once this bear season is over.

I'm reluctant to quote BrianH's post for fear that it'll get deleted, but he could be right that this is a so-called "dead cat bounce".

And whether or not it is a case of that, it's way too early to know if there's a trend forming, nor has there been enough of a recovery to state with confidence that bitcoin is out of the woods yet--it's only at $37k right now, and that's quite a ways away from its ATH of $65k.  Maybe traders got a little too excited; maybe there was too much stimulus money; maybe people had far too much time on their hands and started dabbling in the crypto market--those are all reasons why bitcoin shot up as high and as quick as it did.  Perhaps $37k is where it should have been all along.

Not to mention that bitcoin was at $9k just one year ago.  That should give you some perspective, and if you keep that in mind then where it's at now isn't too bad.  Hopefully it won't drop back to $9k; if it did, then you could confidently call a bear market.

I think such sort of scenario did happen in the previous crash too when Bitcoin went from 19k to 8k once again in just a few weeks but then it retraced back good even went up to 14k but yes largely after that time we largely traded in the range of 8-12k. I think on similar lines we might get a price surge from here and then we might come down gradually and stay in this 30-35k range this time which is almost 50% from the all-time high and yet not below the previous all-time high. But if we go below the previous all-time highs, I would be really surprised with bitcoin as an asset.

I don't think that this is an actual bear market.It's just a price correction after "the Elon pump&dump".
There was FUD coming from China and from different places,but the Bitcoin price is stable at 35-40K USD,so the FUD doesn't work anymore.However,this might turn into a bear market,if there's no support for a price above 40K USD.Many people will get tired of waiting for a price recovery back to 40-50K USD,so they will decide to sell their BTC at some point.
 

Am not sure if the bear market has actually ended even though prices are slowly recovering at present. Musk's tweets have a diminished effect on cryptocurrencies after his fickle nature was exposed recently.

Some world governments could still continue spreading FUD which could help the bear market persist. However, if there is a flurry of positive news, the market would go back to being bullish.

I truly believe so, although I’m not an expert. If not this year, then on 2022, during Bitcoin’s extended bull market. The Fed has BRRR printed trillions of Dollars. Where, in your opinion, will they go once inflation goes up after 100% reopening of the economy, and you already know that Bitcoin is a black hole for Fed Dollars. 8)

If you look at the current conditions, it can be said that prices are slowly recovering,
but I'm not sure in the near future the bear market will end soon,
for bitcoin itself I am sure it will recover either in the near future or in the future

I do not think there was a real bear market, just a correction after a massive fuss and smoke screens launched by Elon and the likes of him. Once more, the crypto market shows its ability to actually educate people, even if it is done in the hard way. People who have invested and aware of the cryptomarket understand much better the ups and downs and that not everything that goes down means that the market is Bearish, but rather that there is a correction that is due after the hype, just like in 2018, but with more awareness on the public.

I believe we're completely on the same page here, I think the same as you. People come and go, ideas matter and the idea (plus the protocol/technology) behind bitcoin will always stay. No one could change that, not in a million years and the bitcoin avalanche will keep growing.

for me i can say bear market is already ended because it's quite now in the market unlike the day after the massive decline wherein a lot of people panicking and selling even at loss, reason market fell like a rock..
But now seems its done and mostly showing green unlike before wherein market is full of blood. 

So stop wondering why there's no improvement after the tragedy because we need to understand the situation that the market isn't fully recovered that's why still no changes..  Just be patient time will come for it.

I don't think so, we more or less have overstayed in the bull market rather than entering earlier into the bear market, that is if we use the year 2018 as a reference.

when there was a massive decline at that time, indeed many people panicked over Ellon's statement, coupled with the statement of the Chinese government, but we can see that currently the market tends to be ranging, and hopefully now the correction has ended and the market continues its bullish trend.

Bear market? The price is at the $39,000 price, so that’s not really bad. A lot of people never believed it will even reach this far, to start with. I can remember very well that when the price crossed $20,000 to $24,000 a lot of people were celebrating and we’re doubting that it is going to reach $30,000. But we still saw that happen and the price crossed the line and kept breaking new boundaries. So, being at $39,000 right now is not that bad.

In the last few days the price has dropped to $34000 and recovered from there, and some people took that opportunity to earn as well. The time I am going to start saying we have entered the bear market is when it drops below the $30,000 price range.

The bear market happened so very fast that you question if it has truly happened, or saying if it existed recently, would question if it was a lie. Haha.

I’ll post this again. Fudsters and trolls say the market is in “fear” and/or “capitulation”. From this point of view, we are returning to the mean. 8)

https://pbs.twimg.com/media/E2M8gccXsAMaMhB?format=jpg&name=900x900

are you that sure? Of course I also hope that the bad situation has passed, dizzy if you keep thinking about the state of the market in the last few weeks
it's time to return reach all time higher

From the image you include, you can see the general market scenario. but in the cryptocurrency market the whales also play an important role, and such a scheme may be broken, because as we can see the market always seems to form new peaks, even though like in the previous year the price of bitcoin fell to $ 3500, until now.

But we don't expect to see the price will go down for $3,500 because if that thing is to happen, you can imagine there will be a mass panic from people. That will be the best time for people who have a lot of money because they can buy as much bitcoin as possible and hold it for more. It is like a big party to buy bitcoin at that price, but many people will be disappointed because they are losing too big money.

Hopefully, this will end soon, and the price will come back with the big support that can lift the price to break every high price and make a new ATH. I think that will happen this year, but we need to wait for that time.

Yes, i guess people are getting smarter, not letting those external factors to interfere with the price. As long as we believe, I believe that the demand of bitcoin will continue to be high, which will be resulted to a higher price. So it will be easier for us to escape the bearish. It's not that bad too though, the price went down a little, but I'm pretty sure it will sky rocketed soon enough, since everyone has a big expectation to bitcoin as well, and we gain a lot more new supporters thanks to bitcoin hype.

It's more convincing if you'll show us some proof (price chart explanation) that'll prove that we're already in a bearish market. A lot of stuff are going to that affected Bitcoin price to plummet, but that's not enough reason to call the market a bearish one, who knows it's just fuelling the massive bull run.

I mean, let's say it's already bearish, so what's new about it? hodl is the key to secure our profits and patient.

None of the FUD (Korea restriction, Elon FUD and the Chinese mining issue) will kill Bitcoin, it will only influence the price of the Bitcoin market and there's a consensus debate going on and I hope will lead to a better conclusion about Bitcoin mining once the mining energy consumption/carbon emission is fixed other FUD is just a small problem.

In meantime, if this issue is not fixed in time the current FUD could be the first step to market correction so it too early for us to conclude that we have to exit the bear market.

This movement was necessary so we could get to that 100k at the end of the year, there were simply too many weak hands that were blocking the ability of bitcoin to remain at the 60k level so the correction was necessary, as you say the correction was heavier than we thought but that only means that we had more weak hands than what we thought at first and without them and with the rest of the holders having diamond hands it is easier for the price to grow more aggressively at the end of the year.

You're joking, right?

Do you think we were in despair in those 2 weeks of red?
Despair comes after months of decline when price goes close to the last ATH or to the 300 day MA. We are like half way there at the moment.

What about bitcoin cycles where bear market takes a year or more?

If we go to 25000 from here we're in a bear market.
If we go to 50000 it means this was only a correction in bull market. 

It's this simple!

Experienced users won't be in despair even if the prices remain suppressed for two or three years. But he is talking about the majority of the cryptocurrency users, who entered the market after 2019. These people invested in Bitcoin (and other cryptocurrencies) as a result of FOMO, and are always vary about fluctuations. When they see the prices going down by 40% or 50% in a week, the decision is made to dump all the holdings and make the exit. The second group may hold on for a month or two, but if the correction extends beyond that, then they will also make their exit. And for the pre-2013 users like me, this present a great opportunity to accumulate coins at cheap rates.

We can't be that sure yet, this might be just another temporary pumps that will keep the hopes up of the market, I will only believe that we exited the bear market if the growth in prices are steady as it can be.

I 100% agree because in regular markets those type of deals happen and it is a very long process but here we could have Elon musk type of very famous rich person coming out and saying they will buy 2 billion dollars worth of bitcoin for investment tomorrow and we will see 60k once again in a day. That is how easy it is to increase the price of bitcoin that quickly, however that is not really a solution is it? We should not expect that kind of change in crypto that quickly.

This is why I think we are talking about whales selling as well to balance it off, because just like how Elon did, they can be the cause of going up but they can be cause of going down as well. This is the type of situation we are in right now, bitcoin whales could make it go up or down but at the end of the day the "reason" why it goes up and down could be different but the trajectory is the same.

Yes mate... I thought BTC never come again around 35k before reach it 100k. So i think this will be rise again soon . Most probably in this year end. So better to hold your funds without panic.

I also believe that experienced investors may not be discouraged by market prices falling for a relatively long time, because they are used to
facing market conditions in any condition and can always be patient to be able to wait until the market rises again. Inexperienced investors will
indeed panic and sell their Bitcoin if the price suddenly drops in a week. Or some are even able to hold for a few months, after which they will also
exit the market. For early adopters like you who have been investing since 2013, definitely have experienced and will not panic seeing
the market conditions that have been down for several years. Even experienced investors when the price of Bitcoin dumped in 2018,
can survive by holding the Bitcoin they have until now. Therefore, if they see prices drop, what is on the mind of experienced investors is
the opportunity to buy coins at low prices.

fud is no longer effective at destroying crypto...

day by day more and more people are getting into crypto especially now that defi is increasingly interested even by ordinary people. Crypto is getting stronger and stronger but fud is just an old, outdated trick.

You called this way too early, as the price continues to bounce around well in bear territory. First responder to your post called it a dead cat bounce and that's exactly what this has proven to be so far, as the tick up was immediately answered with a tick back down, despite some people's efforts to proclaim the bear market over. It's not.

As much as I want to call this a bear market, but at the same time I doubt it's still not unless Btc falls at the $20,000 level or worse.
Let's see and wait what a bear market looks like when whales are dumping, and Elon or MicroStrategy announces that they will sell some of their holdings.
I somehow believe the market is consolidating and won't take long before It bounces back.

The bear market might seem to have ended already but we should not stop just because of that. Bull market will surely commence once again as long as we are doing things right. Take advantage of the current situation and keep on believing that the market will recover once again. Many people already experienced great regrets as they witnessed the bull run that made it to $60k before so do not commit the same mistake again and start hustlin while there's still time.

It is still too early to sum up the results, and while BTC is in the range of 30-40 thousand dollars, it is impossible to accurately predict its further movement. But everyone is positive after the BTC price bounced several times from the 30-31k level and hopes for a further continuation of the bullish run.

I agree that this latest drop to 34k from the 40k is not a FUD neither, it is just healthy market movement that will always happen and it's expected. However what is not expected is the fact that DeFi was loved by everyone. It is not like defi was created today, it was there since December 2018 as far as I know and I am 100% sure it was there on 2019 summer because I participated in it, but then what happened? Well in 2020, it went up more and more and more for some reason, no idea why it got that famous.

I suppose the technological improvements was insane and it really got super famous because of how great it is. It means we are talking about something that would be amazing for the regular people but not all the time they would understand it, there are tons of other stuff that would be great but people rarely invest into it, so it was great when it happened this time.

For newbies without a doubt the despair is real but for people like us that survived the crypto winter that came after the crash at the end of 2017 this is nothing, if bitcoin crashing is a price above 35k then this is not enough to make me even blink, the crash of 2017 was many times worse and the price will need to get to 10k just to resemble it in terms of proportions and since we are so far away from that level there is nothing to worry about it at the moment.

It is too early to say that we have emerged from a short bear market. The bitcoin price is still jumping a lot. So, when I entered the CoinMarketCap table this morning, the price of bitcoin was $ 34,502, now it is $ 37,030, tomorrow everything can happen again. It is difficult to determine in which direction the bitcoin price will move. It is even possible that at these prices we can get stuck for the whole summer. However, in any case, in the fall, I expect the next period of the bull market with new price records.

I guess are we really "out" of the bear market just yet? We are at 35k for bitcoin, that is not really out, this was started when we were at 40k so the topic made sense but we dropped once again so I am not sure if we are out just yet. This is why I think it is not really that complicated, we should not be focusing on anything that could be dangerous in the future, just focus on purely the good parts of it and then when we talk about that all the time then other people will start to talk about that as well. This is what I think will make the biggest change.

So, I am not going to say "we may not be out of bear market just yet" right now, all I am going to say that even though we are at 35k right now that doesn't change the fact that we will always break our ATH in the future, no matter what the price is the day you look at the price of bitcoin, know that 100% guaranteed one day we will break ATH. Even if we reach 100k and then drop to 20k this year, we will break ATH even further in the future.

This time the correction is going to last a few weeks at least, IMO. Last week also we had the prices jumping from $31,000 to $40,000, only to end up again at $33,000. But I don't understand why experienced users are bothered about these fluctuations. Look at the long term picture and check the YoY prices. If you want to compare the exchange rates for May 2021, then compare it with the prices we had in May 2020 (and not with the prices in April 2021). This is the strategy a lot of intelligent traders use in stock market.

today we are going to take a look at some people saying whether they will actually buy crypto assets or not, because when a lot of cryptos hit new ATH, many people wrote “if only I bought at a low price”, “wow, this could make me rich if I buy at a low price yesterday". and well, now the prices are back on discount, and those guys are getting their chance again. I'm just wondering, when prices go up again, whether they have taken advantage of the current decline or not.

Its normal to get panic if those experience user caught up at high price(ATH) then they are bag holding at the current price. Imagine the level of stress gotten by them so for sure many now are worried since if the price would dump then provably they are losing a huge amount of money at their stash.

Lets just hope that we cannot see more dip from the market at this time.

I wouldn't call the drop in the price of bitcoin a bear market. I would call it a correction. Over the past few weeks before the correction,  there have been tremendous surge in the price of bitcoin. Bitcoin making and breaking new ATHs even within the space of a week. So it's only normal that there's correction such as this.
If we didn't enter the bear market, we definitely didn't exit it. Maybe the correction is over and the price of bitcoin is back on its way up. You, should, however know that no one can accurately predict what will happen.

We started to go down after the bear market exited the expectation than expected but the reason for falling prices is that the market will correct again. With bitcoin ethereum's prices are rising investors must understand that investing money can always be lost thus in order to consider the features of the selected aspect it is necessary to have deep knowledge about the specifics of the work. Also among the disadvantages of investing in the business it should be noted as unequal profits limited control over the situation.

First of all,,, I do not think we have exited the bear market (because we did not actually enter it at all. The crash of the past few weeks equalized the sudden rally that was brought on by Elon Musk. We are still not yet out of the bull market guys.

So yes, plenty of people will look back with regret but there is still time to get in.

     We cannot  be sure yet because even with the price trading at $38,000 as of this moment, there is a huge chance of it retracing back to lower prices if it doesn't overcome the $40,000 resistance. If this happens, we can go back $34,000ish support and if this doesn't hold we can potentially go back to as low as $29,000-$30,000. Although I cannot be entirely sure about this, this is what I can understand while I watch the candles. So, everyone must still exercise great caution in buying Bitcoin, more so, in buying alternative coins. Good luck everyone!

I'd wait a bit more to call the bear market finished, also because if Doge pumps so hard amid coinbase listing there's still some crazyness around.
Talking bitcoin, which is hovering below 40K I guess it's really about time to see what's next but I expect a slow summer, no more than 45K for a top.

A correction would be about 20%, even a 30% could be a good correction if it was decently recovered afterwards. However we moved from the peak of 64k to eventually at a 30k price which is definitely not something that I would be willing to call a correction, that is more than a 50% drop, that is about 55% drop and that is called a bear market in my mind.

I understand that we went up a bit but it is not enough, we need to be over 40k+ and then stay there for a while as well for it to be a correction. However there is really nothing wrong with being in the bear market neither it is fine and I understand how good it can be for people who would be willing to buy during this period because it would allow you to make a x2 easier this way and that is why I think bear market is not as bad as people make it out to be. We do not have to deny existence of bear market, we need to embrace it.

What makes you think that we exited the bear market? There is absolutely no sign of that happening imo. Bitcoin can still crash another 50% from here and nobody would be surprised. Don't listen to the OP and make big purchases right anyway. It is a big gamble to buy right now. Remember the earlier bear markets, bitcoin always crashes around 80% from its ATH. I wouldn't get in before a mega crash like that happens.

I can't say for sure whether we got out of the bear market or not, but I can say with certainty that people believe that Bitcoin will grow. Otherwise, they would not buy it now and the price would fall further.

I agree, people jump to conclusions too quickly these days, how can we be out of a bear market when we are not even out of the bull market to begin with? And even if the months that follow prove that we are not in a bull market anymore this is not going to prove that we are in a bear market already as we could be in one of the many moments in which the price of bitcoin just stagnates and does not do anything for months or even years until the next bull market comes.

This is a bit premature

I think we haven't entered the bear market yet. What happened a few weeks ago was just a normal scenario in the cryptocurrency world. It has a volatile nature that's why we should expect a sudden value hike or decline every time. The prices bounce back anyway after several days or weeks. You just need to have long patience to minimize your losses. After all, it is just a paper loss not until you already sold it at a lower price than how much you bought it.

If ever we'll enter the bearish market soon, it will be a great opportunity to buy those coins that show potential to have a price surge when the market recovers and enters the bullish market. You see, the majority are smart during the bull market because it is the pumping season. However, only the real geniuses come out when bearish market season enters.

I would give about a week of stable and green prices in the market before saying that we have got out of bear market but that is pretty subjective because there are people who bought in 50k and they will think that we are still on the bear market compared to a guy who bought when the prices dipped to 30k.

Right? When prices are still almost 2x ATH for BTC and more than 2x ATH for ETH,,, how can we say we are in a bear market. New defi pools popping up every day, new IDOs launching left and right.

This is so much similar to 2017 that we cannot ignore it. Bear market coming yes,,, but it is NOT here yet:)

I do not think that it was "normal" market moves, it dropped over 50%, how could you say that it is normal to drop over 50%+ I mean that is a huge drop that is only acceptable as a huge crash and nothing more.

We do not have to make it seem normal neither, just buy more and wait, market does drop and crash which is understandable but it is not normal, what is normal is about 5% or at most 10% changes a day, those are totally expected but anything more than that is a very volatile day and when you have something as much as 50% drop that is a huge crash, it is definitely a bear market without a doubt and we are still in it even with the increases because we were over 50k and now we are barely trying to go over 40k and stay there, that is a huge drop that haven't been recovered. There were times during the past year where we dropped and then recovered but this is not one of those days.

I think it depends on the plan of the trader himself in taking the risk and rewards. There are people who buy when it's $50k, but they only use part of their capital, and when it's $30k they buy back. he sees that the trend is still bullish, so he buys at every support he believes in, and because this decline is considered only a market correction

It might be, but from an investing standpoint, we should be considering the crash as a gift! How many of you said you wished you could buy Bitcoin priced at $30,000 while it was priced at $60,000? Raise your hands. 8)

I think we need this deep in order for the price to bounce back even greater. It’s like preparing for the next bullish market that will break the all-time highs. Altcoins will surely follow that trend and create the next altcoin season. I think it’s a short bear market due to some bad news and unwanted regulations that affects the price of the cryptocurrency. As you can see now, we’re in the track going back to $55k and I’m sure it takes time before we reach another all-time high. 

The bull market has been going on for months and we've only seen the market stops growing for a few weeks. It is difficult to conclude what phase the market is in. As long as Bitcoin remains in the $30k to $40k range, there is still a question mark for traders and holders. I hope the end of the bull market doesn't come so soon.

Most likely the ones that are saying that are complete newbies that until now probably never faced any adversity in this market, bitcoin has the tendency to spoil people and even if it may seem as if the price will always go up we know this is impossible and that is when a correction happens, however this is not only a great opportunity for those that know what is up to buy cheaper coins, this will also improve our chances for the bull market to continue as weak hands are leaving the market and selling their coins to strong hands.

I believe that if bitcoin is able to survive the $30k price level, then bitcoin will again find its way to bounce back to higher price levels. regardless of what Elon has done the last few weeks, I believe the bullishness this time is quite different, and maybe the market cycle has started by now

Is this sure that now is the starting of the bear season? But, I am pretty sure that this is not the end of the bullish season. There may be still a chance for this year to have the bullrun like in Q4. Well, let's see.

And you are right. So many FUD is spreading around the world about cryptocurrency. Moreover about BTC. Bad news comes from big countries like the US and also China that make the Bitcoin price dropped very drastic a few weeks ago. Ad additionally tweets by Elon that always make the crypto market not clear enough.

Well I can’t tell you for sure whether we entered the bear market or not. There are still lots of people these days who don’t want to believe that we are in the bearish market times, some of them are still making predictions that we are going to get to a price that is above hundred thousand dollars and some are still predicting higher prices than that.

I do know that it is quite possible, especially when whales gets involved, because they are able to pump in huge amounts of money that will make the price to start increasing again. Anyone who has invested and lost money, it’s best to keep on with the Hodl and wait for the price to increase.

Because that “bear market” came very fast, you question if it truly came! Hahaha. To tell you the truth I was half-joking when I started the topic, BUT if the price fell slowly from $60,000 to $30,000 in more than 1 year instead of a mere 3 to4 weeks, everyone would surely be saying it’s a bear market. It’s a matter of perspective. Zoom out and look at Bitcoin’s trajectory for 10 years. Is that a “bull” or “bear” market?

               Well, it seems like you have made a claim such as "exiting the bear market" earlier than expected, lol. But hey, to your aid, no one would've expected Elon Musk to mess things up in this industry again and thay after all thay has hapoened with dogecoin, there are still people gullible enough to believe all the crap that Elon Musk tweets. Right now, I even think that we haven't seen the bottom yet, so you better be careful with your investments because I think this week will be bloody.

Well, it seems like YOU have made the claim that “we haven’t seen the bottom yet”. Did you sell with the hopium that you might buy lower? I believe many are also waiting, including me, but I didn’t sell, I SAVED a portion of my salary to buy the dip. Everyone should do it too.


Then make it bloody. 8)

For today, bitcoin has grown in price by more than four thousand dollars, and with it all other cryptocurrencies immediately turned green. Moreover, both bitcoin and many top cryptocurrencies have increased in price by more than 20 percent over the past week. However, even with such a large increase, it is still difficult to say whether we got out of that bear market or a long period of correction after the general decline in the cryptocurrency market in May. Great things are seen at a distance. Therefore, we need to observe the market for some time and only then draw our conclusions on this issue.

Apparently, this is the first bearish market I'm experiencing ever since I got interested in bitcoin and registered an account on the forum. For sure  it was overwhelming indeed and was already taking too long even with the level of recognition bitcoin has got. I even didn't expect it to last the long but it did and to some extent it's good for the market.

Investors stepping in and some good news like bitcoin  being adopted by El-Salvador could be some of the reasons for potential investors to see reasons why they should reinvest or invest in the market. Though, we can't completely say bitcoin  is back towards a bullish direction. For all we know, it could be a pump for whales to take profit.

maybe the bear ended up early but i think days and weeks later the price was down again  yet that didnt last long either because in this day the market is recovering back.
community have gotten big and the support for btc got stronger too because it was now easy for its value to recover wherever it goes down . no fuds can penetrate that but there would still be other threats to btc that are serious .

Seeing the current bitcoin trend makes me optimistic that the price will skyrocket again soon, yesterday the price reached $38500 and I'm optimistic that it will soon pass the record high of $62k, continue to buy when the current low price is what I recommend.

You sure have not met a bear yet and maybe hopefully this may register as the only long lasting bear you or we may see henceforth. You didn't witness the most talked about bear that started from 2017 December ending to around February, 2020. That was the bear that price fell from $20,000 to below $4,000. That bear saw many investors being trapped at the top and many sold off at loss because it took longer to revert, many lost hope hodling. For now, we may not see such bloody kind of bear because of the activities and news of adoption going on around bitcoin.

That was so bloody year since the bear market season is so long gladly we didn't experience that these year since maybe the adoption is so huge this year plus their are plus factor of institutional investors contribute to the whole economy, But I think this year is not  the same last December end month to 2018 since we see a big figure and still the price   still bouncing back  again. Although the scenario is  the same  with panic selling but I believe the  people who do that is the newbies which  didn't experience  the past bear market season.

Many people tend to exit the market as soon as bitcoin price goes down not knowing that we are just undergoing a short time price correction but on the long term bitcoin is still very bullish we are no longer in the bear season.I wouldn't advice any one to panic and sell his cryto-assets because prices are definitely going to get up very soon.

He has not met the bear, but everyone can study the main 4-year market cycle of Bitcoin. Newbies are lucky they have all the data that proves an established pattern.


In my opinion, many won’t make the same mistake during this current cycle. We might see a longer bull market cycle.

This was not a bear market .  I primarily mine to get coins.

My mining profits never suffered.  Since BTC diff drop from 23 to 14 from April price of 63k to 29k

now diff is 14 and price is 45


so

23/14 = 1.64. so if you mined 1 coin at 63 k or 1.64 coins at 29k cash wise  you got 63k in April or 47 k on the lowest price  in July

now you have a factor of

23/14.5= 1.58 and price is 45k or 71 k worth of coins.

If you study every day from the April price of 63 k and diff of 23. yo now you will see miners did not suffer much

In 2018 diff was 1.4 and got to 6.9
price dropped from 20k in 2017 to 6k in oct 2018

both bear in price of coins an in mining profits


I know traders mainly think in coin price. to say bear or bull
But miners have to go beyond that.

So this is more of a mixed market as a whole. Maybe we grind it out past 70k then the real bear wakes up.

As of this time, I can’t say that we have “completely exited” the bear market. Of course, Ethereum’s London hard fork upgrade is the main factor that makes the bulls gain the upper hand once again. However, the market is still unpredictable and has high volatility. We just have to invest and trade an amount that we could afford to lose.

We were actually still in the bear market until a few days ago. Now, everything has changed about the market. Nearly all of the cryptocurrencies are bullish, Bitcoin being in the first place. And this may even trigger reaching a new ATH levels for many cryptocurrencies in the future. It depends on whether this is the bull market or not of course. But I feel like bullish.

Well, it wasn't always going down in 2018 neither, we had periods when price reached as low as 6k and went as high as 9k, since the price was very low that doesn't sound like a big increase but that is a 50% increase, 6k to 9k I mean, we didn't even have anything close to that right now.

The downside of being so high in price is that the amount of % changes are very little, back in the day from 4k to 8k wasn't a big deal, or even 8k to 9k was something daily, that is 10%+ very easily, we have that today as well but a lot less common, also 2x is nearly once a year, whereas it was few times a year. Bloody year is a correct call, but at the same time it was a blessing for us to make a lot more profit, gave us a wiggle room where we could make a lot more profit whenever we want to, of course it was not a simple thing endure it but afterwards was very profitable.

Weeks back when the price was bearish people were into discussion how long this trend will continue. For that it is found to be the same for few months time. Particularly it was believed to have the bear trend atleast till the year end. Now the bull pattern of growth has begun and it hasn't turned completely bullish. Now it is all about a new ATH, we don't know what's really gonna happen.

No it wasn’t. This topic is merely a counter-argument against someone else who made a topic that, “Bitcoin went to a Bear Market earlier than expected”, because “reasons”. Haha.


I have this question, phillip. Are some miners also speculators? For example during bearish months, do some of them decide to mine at a loss because they believe that Bitcoin will surge later?

I didn't feel like it was a bear market so I don't necessarily agree with you but I am happy that if there really was a bear market, we did exited it much early than we could've expected. Good thing that at that time, I bought a lot of bitcoin and now the prices are pumping and now I can probably enjoy a big profit.

That's right, the bear market hasn't come yet you have a large profit, you can come out the market is now much lower than it was in the bear market at the beginning of 2021 even if the market rises slowly it will take time for the bull market to come. At a time when bitcoin prices were low investors made more profit than they could afford but it would be foolish for those traders who are now investing to come out everything is changing in the market. Wait until the bull runs.

There is one thing that have changed in the history of crypto since 2009 and that's mass adoption, as we can see this year bull season is one of a kind very stronger than whatever we may have seen in the past, many predicts that the bull market is over judging from what happened in 2017 but instead the market is very much alive, this is a new milestone for BTC

Well bitcoin price is always changing too drastically, but i agree with you that if the price starts to be struggling so much, and it started to decrease even more more without seeming that it will go up again, i think we can call it the bearish market. However, since the price of bitcoin is always volatile and quite unpredictable, i think we need to take some time to consider, whether it's bearish, bullish or what. But now, i agree that it's not bearish.

The last bear market has ended earlier than I expected. To be honest, I wasn't expecting it to end before the end of this summer. It just got stuck between $30k and $35k for a long time. I would like to say that the bull market has come early but still I'm not sure whether this is a bull run. The market is bullish for sure. But we shouldn't overlook the possibility that it could be just a good rally.

$5 or $10 price rate! That's some ridiculous price for any one to have hoped that bitcoin falls to, its practically impossible. Should we choose to be in on this and believe it could happen, you would still see that, some persons both futuristic and existing users would still fail to invest due to the fact that, they would feel bitcoin is going to be liquidated to it's 0%. Hence, when the bull market comes, your still most likely to see people crying over a golden opportunity not to have bought bitcoin from the deep. Well, its a new trend bitcoin and pattern bitcoin is cahrting for itself and you can guess its due to the increased awareness on it and the value it has earned over the years.

Quite honestly I do not really think that what we saw was a bear market at all, it is true that there was a huge reduction in the price but it happened so quickly that I would describe it as a flash crash and then we remained close to those levels during all that time, to me that's not quite a bear market especially since it's duration was quite short compared to what we saw during 2018, so like always I think people were exaggerating by describing this as a bear market when it wasn't, it was just a big correction so it is natural that we came out way earlier than what many people expected.

There does seem to be a lot of media activity around Bitcoin right now, with more companies getting involved and accepting it (for free publicity). That was the general trend that happened as it rallied up to the all time high of $65k~. Lots of people with big bank accounts and cheap money is certainly fueling every type of asset out there, so investment bank funds are snapping it up right now. That being said, as we've seen previously even the slightest hint of action by the US government against cryptocurrency can have a devastating effect on the price and it seems like the infrastructure bill is having some crypto currency related laws snuck in as part of a package.

Or also motivated by the search of a new type of investment. The companies that preach Bitcoin, also HODL Bitcoin. It’s free publicity for them and the network. 8)

There are us from years ago, and more so to those Bitcoin OGs from years before my “years ago”.


Bitcoin is the great equalizer, inflate the money supply, then like a blackhole, there’s more money in circulation it can suck in.

Yeah, investing trendy. While you are in profits and at the same time which works for promotions as well then I guess no one would ignore. These days bitcoin investments got 3 major benefits: 1. helps you to diversify your portfolio (usually possible only by new type investment) 2. Higher ROI 3. Publicity (even for individuals when shared on social media).

Hence, there would be obviously no wonders on getting back to bullish markets as early as possible when considering above benefits.

I understand that people are quite happy with the current situation but we should nevertheless be a bit more careful. I understand that we are not doing half bad, and that’s a good thing, looking at bitcoin it is at 46k right now, that’s quite good and we are still a bit long way further from the 64k our highest, but ethereum is getting closer to its peak, binance is not doing that bad with 400 bucks neither.

So, basically I feel like we are doing "fine" right now, not amazing, not awesome, not horrible, not bad, but just "fine" for now. What could make this great? If we see bitcoin over 50k, eth over 4k, bnb over 500, then you will know that we are back in bull season once again. I am already invested in all of them already, which means I am ready for an increase, but I am also keeping a bit of cash aside so that if the price falls I can be ready to buy some more.

Bitcoin has been through a lot in the past and still survived so the FUD created and spread all round the crypto market wasn't a new thing to bitcoin, it was really so bad that most people where thinking it's gonna be the end road for bitcoin or a bear circle is already taking it's place, but am really so glad seeing the fast bounce back, everything happened so suddenly, when all hope was lost, bitcoin showed us that the bullish season hasn't ended yet and am glad seeing this, once again #uponly continues.

The cryptocurrency market just followed the trends from other sectors of the economy. Look at the stock market, it is also at historic highs, despite the concern regarding the delta variant. And I have been saying this for sometime now. The 2021 price movements closely resemble what we had in 2017. And if that is true, we are about to witness a major bull run, by the end of this year. And hopefully by then, we will have multiple countries declaring Bitcoin as the legal tender (El Salvador is the only one which has currently done that).

I believe that “Trendy” will be a word that will not be used to describe Bitcoin investing in a few years. The word to describe it will be “Traditional”, like bonds or blue chip stocks. Because many break-throughs, and ground-breaking inventions have come and have been accepted by society, Bitcoin will merely be one of them.

The bear market had really affected many crypto traders to have a rethink and reduce there trading potential  because of huge loses that occurred during the recent Bitcoin fall. It's an excitement to see the price of Bitcoin going up from it recent bearish movement and i am very optimistic that good bullish move are yet to come.

Bitcoin is scaling through the oppression of the market by firms and countries have stood against the adoption activities of Bitcoin. More positive movement are yet to come which will really amaze people that have thought the market will not scale through this difficult time.

I think what we had in 2017 is quite different from this year because i don't see we actually entered into a clear bearish season. Altcoins may have experienced the dips but when we talk about bitcoin, the price is still high when compared last 2017. I think its all because bigger institutions have already backed up bitcoin so when it falls, the price won't really drop drastically.

However, the price becomes even more optimistic today and if i'm not mistaken, we will enter a bullish season early this year. Bitcoin and ethereum are definitely on top and hopefully other altcoins will come up surging too so we can witness the whole crypto market becomes green again.

What is happening with bitcoin right now makes us worth hoping for a lot, an increase of more than 15% in a week makes a bull run happen soon, I believe in august the price can reach ATH so holding on is the most profitable option.

No one will tell you that bull run has began until its over. Trust me, bitcoin accelerate from $3.7k to $64k, that's a financial miracle for any who bought the dip because that's sweet money without without doing anything than holding and be patient while your money double in double profits.
I am still looking for the same opportunity since then but it seems that's already too far from my expectations.

It depends entirely on the market situation and there is an upward trend in the market at the present time and for some panic sellers, the market was down for a while. There is a big support in the upward market so that the market is not going down under the pressure of some sellers. But yes the market has recovered very fast which is faster than the expectations of the traders. The market has been slowing down and growing slowly again and this has happened a few times before but the latest growth has been very fast. We expect that cryptocurrency prices will rise all time high again in this way.

now FUD is no longer effective at making the price of Bitcoin drop drastically.  the bitcoin community is very strong, see when the price of btc drops to $29k instantly millions of people try to pump bitcoin with their posts on their respective social media accounts.  nothing can stop bitcoin.

I do not think that companies accept bitcoin just for free publicity, it is also a great way to profit from your cash reserves. There are so many companies in the world who deal with cash flow and they have positive one, which means they have cash at hand at all times, sometimes a lot and sometimes very little, after a while they find something to buy with it, but between making it to investing it, there is a period where it is just cash sitting there doing nothing.

Most of the companies realized they could just buy bitcoin with some of that and keep it there and make profit from it, the bigger it grows the better it is for them, and unless there is a huge crash like what happened recently, it is quite liquid enough to sell it right away and then invest it into something else they want, hence using bitcoin like cash reserves. Accepting it as payment is just a part of the plan for this exact method.

Bitcoin was really affected with China and Elon FUDS but after several months, it started to recover again. Gone are those days that bitcoin can be easily manipulated with different FUDS because the status of bitcoin right now is continuously reaching its strong resistance until it ends up in its new all time high.

Perhaps, the bear market we had before was not really bearish for bitcoin because its price that time is not that low. After all this continuous price surging, hopefully we will land into another peak price soon.

But we're already in August.  :P
Bitcoin to reach another ATH has to surpass the past ATH that we've got. And I agree with you that holding is always effective as it is. You just have to accumulate as many bitcoins as you can or if not a whole bitcoin since it's becoming expensive. Try to catch in decimals until you see your holding grow overtime.

That means maybe at the end of August Bitcoin will return to the ATH price, but expecting Bitcoin to rise above $60k in late August this might take
good news, which is able to trigger the price of Bitcoin to rise even faster. If not Bitcoin may be at the end of August will only reach the price of $50k.
But for me if Bitcoin fails to return to the ATH price at the end of August this will not be a problem, because so far Bitcoin has moved up, and we must
be grateful that Bitcoin is back on the right track. I agree that now we need to collect as much Bitcoin as possible and hold it until the price target
we want is reached.

For those people who had entered or bought when the price had dipped down on $28k are the ones who do see their portfolio is making some significant gains which i can say that it its really worth of the
risk that they had done earlier where everybody was hesitant to buy on that point due to those rumors that the price might go back to 20k point but it didnt really happen but instead it did past that 40k
resistance and been trying to reach out that 50k resistance once again and now we are moving sideways again and might trying to make some good positioning before it could hit up again that previous ATH.
Who knows on what would happen next because its always been unpredictable.

Hopefully that it would be by the end of August but the overview that we're seeing to the half of this month, it's truly positive and there's nothing to complain about the move of bitcoin that we're seeing lately. Price becomes stable and support is getting higher, we should reach the ceiling in no time soon. It's not a problem if bitcoin doesn't get to the ATH as long as this price that we're seeing right now is totally maintained, well, what can we ask for with that? it's already a great price since last year despite the pandemic that has ever happened.

Or the actual bear market didn't start yet. We just saw a major correction in the market after a long bull market. If you checked the previous bear market then you will see it remains that way for several years.


As I said it was a major correction created by a whale to dry up retails and short-term investors before a bigger bull run. Market still very positive which we can see in massive pump in alts.

We did see a 50% drop in bitcoin and almost all other coins as well. That is a huge bearish run if I have ever seen one, I understand that it happened all at once and not throughout a whole period, but that also doesn't mean that we should not call it a bear season, from 60k+ prices to nearly 30k prices for two months, that is a bear run. And we have exited that a lot earlier that expected so people are not considering it a bear season I get that, but that doesn't mean that we should totally forget about it and focus on the price right now alone.

What we had was a classic bear run and that is it, nothing that you can excuse could make it not a bear, everyone saw that it was a bear run and everyone talked about how it was a bear run while we were in it. Just because we got out and now trying to push for 50k doesn't give anyone the right to call it not a bear run.

Even though Bitcoin is currently only at $47k, we should be grateful for Bitcoin's achievements. When compared to last year, the price of Bitcoin is
now very high. It is likely that the people who are disappointed with the current Bitcoin price are the ones who bought Bitcoin above $50k.
But that's not a big deal, because I believe Bitcoin will soon return to ATH prices. What needs to be done now is to buy more Bitcoin, so that
the Bitcoin we have can continue to grow. So if by the end of this year Bitcoin can reach another ATH according to many people's predictions,
we can enjoy a big profit.

It was to be expected, this market is too big to ignore and governments want a piece of it however I think they are going to find out that it is not as easy as they may expect, even if we are slowly going mainstream the majority of those that have adopted bitcoin so far prefer to keep a low profile and to not reveal how much bitcoin they have so they are going to have a lot of problems taxing those people, and I think their expectations about how much money they can get out of this market are out of place.

Most enthusiasts and believers of the coin speculated an upheaval in the middle of this year. So it's not like this comes as a surprise for most people here in this forum. Then again when we put it into perspective, three month's time before a comeback is indeed a small span of duration when you compare it to previous price dumps and recoveries that literally took years. This goes to show that as a growing community, the support we offer to bitcoin and indirectly to the market allows us to recover quite quickly from price dumps, making quick profits in the process. An upward trend isn't a good reason for the market to bounce back, at least that's how I think about it. If you come to think of it, graphs are representation of the data collected and aren't the data themselves. So there has to be an ulterior reason as to why this happened, and if the upward trend of the market were ever to be the reason for this pump, I would assume it would only be miniscule.

I won't give that an 'only' for bitcoin. It's seen at $29k and it made back to this price recently so that's really an achievement. Those people that have bought at the top, if they've managed to buy there, they only have to wait or add and buy as much as they can lower than the price that they've bought it before. Also, it's possible that those are the people that have missed buying at the bottom. They feel bad that they didn't follow what was suggested way back when it's lower than $30k.

Not because we missed a purchase when Bitcoin was below $30k, then we felt sorry and didn't do anything. But we can buy Bitcoin at the current
price, actually buying Bitcoin at any price can give us profit. The most important thing is that we can be patient and wait until the price of Bitcoin
rises above the price when we bought it. Due to the movement of the Bitcoin price that continues to rise every year, I think the thing we should do is
just collect as much Bitcoin as possible from now on.

I definitely agree with you. I believe that the market did go very high then and that correction was inevitable and the FUD just happened to follow during the same period. I don't think we are in a proper bear market like we witnessed back after the 2017 ATH and lasted for more than 3 years but could still happen after the current market witness a new ATH above the previous $64+
https://i.imgur.com/ZQG7Tat.jpg

I think things have gotten better since the news of the BTC ban from China and maybe we got rid of the bear market, the control and manipulation of countries like China, and by speculation. My guess is there will be another big bull run by the end of the year and BTC price will go back to $60k.

A bear market after a bull market is inevitable and that is just part of how the economic cycles work, and despite the innovation brought by bitcoin it cannot escape this reality as bitcoin is still traded by humans and we have the tendency to repeat the same kind of mistakes in all the markets, however I had no doubts that what we saw so far was not a bear market but a very heavy correction, and the recovery we have been experiencing tells me this is the case and we are yet to experience the real all time high of this cycle.

Shower thought, but what if the “heavy correction” of -50% happened from June to December, the same crash, but a longer time frame. That’s six months. Would you, and others, then start to consider that to be a bear market? Plus Google “bear market definition”. What’s the first result?

There were a lot of FUDs back then. And it seemed like there was no way that we were going to be out of the bear market in a short time. I was expecting it to last until the end of the summer at least. But here we are. The market has been on a great run for some time. And it is going on like it won't end soon. I wonder if we will see another bear market in this year. I think we will but it won't last long. We could see just a price correction I think.

For sure, price correction will happen at some point. I actually don't think there will be a bear run at least within the remaining months of this year because we already had a crash just a bit ago.

Maybe the price would settle somewhere around $50k after all the shenanigans. One thing I strongly feel will happen is a small bull run near the end of the year continued to the next year. That's almost inevitable and everyone certainly knows it too. At least those in crypto for years know it for sure.

Everyone may have their say but the truth is that none of us actually know when it will go up or down. Not just that, we don't know a precise reason why a bull or bear run occurs. The best and only part of this price mystery I know is that the overall movement in the long term will be positive which is what matters for investors.

I have seen guys doing silly things and there were some friends of mine who despite getting warned multiple times, they ended up buying dogecoins at around a dollar. Similarly, there might be people buying bitcoins at the peak but the good news is that bitcoins are precious while doge is worthless. This is where the long-term value saves you despite a bad trade.

It was at the back of my mind but I disregarded it but you're right, they could do that and I think that I would be doing the same thing and hopefully I can make some out of it although my question is what happens if they didn't put all in in 50k and it continues to rally?

Even though the bear market appears to have finished, we need not give up just yet. As long as we continue to execute things correctly, the bull market will resume. Take advantage of the current circumstances and continue to believe in the market's recovery. Many individuals have already had big regrets after witnessing the bull run that reached $65k, so don't make the same mistake again and get hustlin while there's still time.

The market crash was supposed to be a good opportunity for everyone but unfortunately many people taught it's a full bear circle which just started and didn't grab this opportunity, the FUD created by the China government and Elon Musk made most people in the crypto world to loose hope on crypto rising again this year, but luckily for us all we are in a bull run season 2 so suddenly, well the brave ones who bought the dip are all in good profit right now.

Yes, that to me would have been a bear market, a bear market is a long sustained negative trend, what we saw was just a heavy correction that was increased because many people were overleveraged and they got margin calls creating a domino effect, but after the correction the price just remained static and did not go down anymore, so it was a correction, while for some there is no difference in losing 50% of their money in a few days than to do so in a few months the subsequent behavior of the market will be very different depending on the circumstances in which the drop actually happened, which is why this fast recovery does not surprise me at all.