Bitcoin Forum

The market seems to be bleeding now, Bitcoin is only down by 8% at the moment but major altcoins are down double digit.
https://coinmarketcap.com/

Will this be the start of the bear season?

We haven't witnessed a long and major dump this year yet, so seeing this might cause some panic especially on the altcoins holders as they are the ones who will significantly be affected since we know what would happen to altcoins if bitcoin struggles.

As per Binance exchange, the 24 hours low of bitcoin is $42500, so what's next?
https://www.binance.com/en/trade/BTC_USDT

This isn't a huge dump, this is a normal correction that we have been fond of. And if this is the sign of another season, we do not know. What we can be sure of is that there's a following recovery after this and I'm looking forward to that.
The time that the market has corrected, this is another good reason for everyone to start buying.

A down trend has already started since the price of Bitcoin failed to sustain $50k, and also it started since the first day of El Salvador adopting Bitcoin though I still not see this as a bear market since we are still above $40k but on a critical situation now. Anyway, better to be safe and taking profit is ideal now and wait for the dump price before buying again, Bitcoin might enter into another bear trend.

So far, most people think that it is just a normal correction, not the sign of the beginning of an upcoming bearish season. We already experienced big dumps many times this year, not really surprising to see another huge decrease in Bitcoin or altcoins. We can say this dump is happening to balance the market situation after several pumps in the last few weeks. Or this is just a sign of another big pump in the near future. Well, there are many possibilities to happen, we don't be pessimistic thinking about the sign of the bearish season.

On this current scenario of crypto market, we must not ignore the biggest opportunity to own and hold profitable coins. While there's chance to accumulate our holdings, don't ignore it, because one day you'll regret of not having them on your collections. If market continuously goes like this dumping so big in percentage we may encounter much cheaper price on both alts and bitcoin market.

Bitcoin is consistently reaching that 43K to 44K many times after it breaks the 53K resistance. I think the dump from 53K is more intense compared to this current dump. Are you reading chart most the time or even weekly? The downtrend already start since last week and the current dip is just a continuation. 40K to 43K is a strong support so it might retest again that area and might pump again to 48K if that support hold.

BTC indeed seem to be under extreme bearish pressure, 21 weekly MA broke and now testing 200 MA. Fortunately, if it could manage to stay here for few more hours, then I think bitcoin rebound is likely to showcases.

Lol, OP you have been in the market for so long, I think you will know that this is not a huge dump.

Of course the price plummeted, but it doesn't mean that we are in for a bear market. This could be the last drop leading to he upside we have been talking about at the end of the year, another super bullish movement leading to 6 digits for BTC. We've seen a flash crash from $52k-$43k and yet we bounce back to $48k, then it goes down to $43k again. And as others have pointed out, September historically has proven to be a bad month so here we are again. So just remain calm and not panic, things might change for the better next month.

A huge dump is when we see bitcoin cross to $30k+ or worse to $20k but since we only see the figure still at $40k+ then we cannot see this as a big dump although this quite alarming but as other said this is one of normal correction happening. It's good to be calm at this storm and wait for the dip since this is pretty much normal happening to earn but also hopefully we cannot see this current situation a long heavy long days bearish season.

For those who are waiting to decrease the price of bitcoin, it is good opportunity to collect more. Or the reaction will be the same, they will wait to go down further. If you have extra funds, it is better to collect a lil bit while the price is going down. And this movement is just normal, we will see more of this. And for me, it is not huge dump. We are still above 40k. People are just exaggerated with things.

I hope this is just an ordinary correction, not the beginning of entering a bear market, this condition is similar to the conditions in 2017 which ended up having a bull run at the end of 2017 and early 2018. Moreover, in December 2021 there will be good news about the improvement of the ETH network. c1

Yes, this huge dump is a chance to buy more Bitcoin and altcoins. So, it is not only a bad thing, but a positive thing as well. Those people who already prepared their money to buy in the dip (the lowest price), must be happy right now. But for people who don't have money anymore (already invested in coins), this is surely bad news. I personally experienced it, cannot buy a single coin because I have bought many coins several months ago. Now< I only can see my assets' value decrease day after day. :(

Yes we can see the market has been dumping a lot.We do not see any reason for such dumping. But the market has been so dumping without bad news. We are currently seeing the price of Bitcoin at 42,500 dollar. The market I think is very fast Will go up again. We are all optimistic.

Im not certain for the reason of this sudden dump of bitcoin and altcoins but it doesnt mean we are already in bearish market. The price of bitcoin is still high compared to the value from previous years thus dont panic. We are just comparing the price from its last ath this year thats why some of us are thinking that bear market already take place.

Its just a normal scene, thus instead of worrying, why dont you fill your bags with additional coins? Its a good time to buy now since the market is bloody.

This is not the biggest dump this year, because a few months ago the price of BTC also dropped to a price below $40k and rose again, this is a normal correction. September is always like this every year, and the next month will be better.

It appears that Sept indeed is a bad month for cryptocurrency, some analysts connect this kind of dumps because it's the start of school and so forth. But heck this is really a huge dump. That's $52K rise is a bull trap after all. It's good for the investors who can afford this dip, it's why Bukele buys this dip.
Regulations and the fud that's spreading are also adding to make the investors scared to panic sell.

we did hear some bad news, after the good news regarding El Salvador making regulations in favor of bitcoin. after the strengthening of the market now we see how much panic and fear of investors to enter the market because the decline could happen again. we'll never see a bottom again, but the market has corrected quite deep. many altcoins are in a bad situation right now.

It's too soon to say if we are going into a bear season. I hope we are not. The price had been flat for a while after we had a few positive weeks and I was seeing many articles saying that bitcoin would go to $100k. China is such a large country that any negative news could be enough to swing the price in either direction. The Evergrande situation is causing some panic right now but an 8% loss is not really catastrophic or anything. I am optimistic that we can recover from this before the end of the week.

I agree with most people in this thread, that we are still seeing a normal correction at the moment and no major dump, in the end we are still dealing with cryptos and price fluctuations of 10% per day are not that unusual here. I think the reason for this price movement is that whole evergrande Story in China. If there are more real estate companies that will be in big trouble soon then we will most likely see another downward movements at all markets not only in crypto.

yes this can be the start of a major bear and its okay i guess ?  because we havent seen one for such a long time .
what we saw all the time are small dump and holders are exposed to it so i dont think this new dump can shocked them and making them panic sell .
since were taking bears here , the next price of btc can be lower than 4.2 and it could go 4k flat or below  .

Well, it looks like the Evergrande effect will not only impact crypto, but also other stock investments. however, if the price continues to push like this, the potential to see a price below $40k is even greater. In fact, in some bitcoin price speculations, the pattern of the current price decline, if it continues to decline, could reach a price of $37k or even $32k. however, I hope that the bitcoin price stays steady and is no more than $40k. it also makes quite a number of people worry about their assets, causing panic sells.

I agree with the opinion that this isn't a huge dump rather just a correction. I'm in the position when you have extra money to invest this is the right time to get some altcoins you want especially from the top 10 list in the market. I have seen this coming when everyone talking about this correction on social media a few days ago. Now it's our turn whether we want to take some risk or not but as I said there will be no more huge dump after the bull run we had a few months ago looks like we gonna reach as low as $30,000 if ever the price of BTC will go down further.

Huge dump means not totally crash. Maybe this onr is considered as correction. Yes its partially needed to have a good market outcome. Everybody who has panickinh right now will definitely gonna lose a lot of money. It is really shocking to see how many are already got scared of. If you trust your tokens and coins then just hold it. The market is not always on the upper limit, we must be patience also when it goes down. Well if you are not a trader then dont bother, only investors will understand that there is really nothing to get worried about.

although there is a decline there is a fairly strong adoption when this correction occurs. This allows the market to recover in a short time.
we have seen several corrections occur in the market after ATH is reached. and there is always a good market fix. it is a moment for traders to make a profit. as long as they don't get caught up in the correction that's happening.

I don't think this is the start to come into bearish season where actually we are still on Ber months which for us this is a good months to see crypto to increase specially on the month of December. If this would be the start of bearish season, then I'm wrong of my observation that bear season always occur during summer time.

It's not a bear season, but even if it was I don't really care because I'm a yield farmer. I chase the highest yields and earn profit that way, regardless of what the market is doing. Right now I'm getting good rewards on spookyswap and ref finance. Alpaca has some interesting grazing farms too.

Yeah it looks like a bear season and everyone talk about this big dumps everywhere. But as long as i'm working in this crypto space, everything that mainstream, the opposite will happen next.
So i'm not gonna lose hope with what people and media tell. I will still hold and buy more if i have more money to invest because when people already talk about dumps, usually the market will "revive".

When you say its a huge dump, isn't it supposed to be 30k$ in price value? moreover, the market always unpredictable.
Besides, I've seen a lot of influencers who made a content about this matter and yet their prediction and explanation mostly
is not happening actually 100% even to the closest one. So, I don't know why did you say its a huge dump? please, enlighten me..

This crash or dump is so different from previous dumps because bitcoin break the resistance of 42000 but altcoin did not dump at high rate which us clear sign that now investor are not in selling mode . This is very good sign for altcoin and can go high once bitcoin stable.

I think the dump is also connected to stock market dump. It happened before but correction follows soon. As far as bigger picture goes it looks bullish and looks like BTC is preparing for new ath at the end of the year.

Yeah! But, I think this is the best time to buy some alts.

To know what it is we have to wait and see. ;D

As of now there is not much dump on the prices as you predicted but yeah still there are chances since we haven't seen a huge dump in the recent days.

This is the thing with Investors.
https://i.imgur.com/jDzam05.png
Back in May 2021, we had a Bitcoin price drop of about -51% for about 71 days, and then investors were saying that this is the end of this year Bull market until it went up again and for this drop, even if we take it back to since 06 September 2021, it was only dropped about -22% and just for 18 days and here we are again thinking it is the start of the bear season. The market will always correct.

Bitcoin falls like around 5-10% and people are already calling it bear season.
OP, I believe that this was predicted by some people in BTC board that it will dip in 45-42k. It's just the normal correction that we all experience almost like every month. Just buy it out before we recover back again in 50k.
Like that certain meme said.

I don't mean to rain on your parade, but it's already 11:10 GMT on the 21^st of September, 2021 and the price of bitcoin is hovering around $ 43,380 according to Bitcoin Units Converter (https://bitcoindata.science/bitcoin-units-converter.html).

The price goes up, then down, then up or down (or even sideways) ...  But it hasn't "crashed" ...  Are you sure it wasn't just a pothole in the road?

https://i.imgur.com/aLrPo5S.png

This recent dump for me is not that huge, but if you are a trader who bought the peak around $48,000 before the dump it's sick.
As we all know that we had a massive liquidation recently, especially for altcoins. But I believe that crypto OGs are still chilling, while weak-handed are panicking.

After watching what happened to the bitcoin price today, the price made another correction but we should not worry as the price now can back to $43k. So we need to have a positive mind that the bitcoin price will recover and lift this week. We are already beginning this week, so there will be many chances for the price to increase. Hopefully, people do not lose hope in their bitcoin and will buy more bitcoin if they want at this price. The situation will be back normal and once that happens, the bull run will come again.

The occurrence of dumps in almost all crypto assets at this time I don't consider it a big dump, because for me the dump that occurred I can still understand but whether other people's opinions will be the same as what I understand or not, what is clear is that after the current dump there will definitely be a time when all assets that are indeed strong and have a large community in the crypto market will recover, this is one thing that I hope will happen in the next month, the dump that happened is not always a sad news, even if we can take advantage of the dump that happened to buy some strong coins in the market, will provide many advantages when the market begins to recover, stay calm and observe all possible profits that we can get in the future.

Nah it’s just another normal correction. We’ve been there many times already, and we just have to deal with it. That’s how crypto works, you may not know it will or will not happen. Expect the unexpected.

no need to think this is a big dump or anything bad ,this is just a normal correction this has not started bear season yet. If you think this is a bearish trend, you are wrong, judging by the history of the bearish chart, it happened in 2018 at this time bitcoin and altcoins fell but in 2021 I can still say the market is still healthy, a lot of technology development and crypto prices have more potential. Bearish or bullish that's how crypto works so enjoyed the moment  8)

Yesterday I saw almost all assets turned red because of the dump that happened, dumps like this really need to happen, because it can be a good time to buy back quality coins at cheap prices, although on the other hand the dump that happened caused some people to suffer a lot of losses. but as long as we can be a little patient and wait for the recovery to happen, or for those who have the money to buy coins considering the lower prices will make the gains even bigger when the market starts to improve.

The fall is caused by overheating of the market and by the fear of many investors regarding economical problems around the world.  If you check stock market, you will see that this market is about to fall as well: SP&500 decreased by 1% the other day,one Chinese giant Evergrande may default on the bonds in the coming days. There is uncertainty regarding stimulus measures (QE) and changes in the US debt limit. That is why investors fleeing the market and risky altcoins first.

it sure feels like a huge dump,   is beeing taken right ontop of my wallet  ;D

More like a regular correction, I see no reason to panic, if there are fears prepare yourself usdt in advance and do not worry about it. If the market goes lower you will have dollars or buy bitcoin at a lower price.Growth cannot be eternal for such events, you always need to be prepared.

I think panic is also mandatory for every crypto asset holder when he sees the market in correction. especially for those who trade assets or short-term investments. it is important to secure the value of our assets so as not to have too much impact on the correction. after stable conditions, we can re-enter the market by buying cheaper.
I think that sometimes panic makes a fortune for perpetrators who are not aware of the potential assets they hold.

Crypto holders and traders should not panic so much. I think the correction of the market is going on now. Because we have seen the market doing a huge dump and gradually pumping again. So I think its time to buy altcoins now.

This rule of holding the coin despite the price change applies only to long-term holders. Unlike holders, a trader must sell a coin at a high price and buy at a low price, making a profit from this. And waiting for the price to recover in this case is the wrong decision.

Don't panic. Also please do not post anything that might send newbies into a selling panic. If you want to speculate you should post in the speculation subforums. That being said, I doubt we are done with the bull run in this year. When an entire country (EL Salvador) decides to make Bitcoin legal tender, you can stop worrying. Also Bitcoin is deflationary. So any short term dumps are not worth panicking over. At some point we will see a new ATH.

Dump is a terrible moment I thought at first. but after a long time I experienced dump and pump momentum, dump is a good momentum to invest, especially in bitcoin. Of course we have to know the best point where we have to invest. until now I'm also still learning for it.

This Bitcoin crash is a great opportunity for me to buy more and increase my deposit again. Some time ago, I sold part of my savings in Bitcoins at a price close to 50k dollars and such market movements make me very happy today.

The huge dump in crypto currency is a huge opportunity for huge profit where everything is in huge sale so don't waste time before the sale end.

I don't actually see it as a huge dump. It's normal and it's a good thing that Bitcoin is sustaining a good phase. As for me, panicking has no place in this situation. It's the best time to accumulate good coins while the price is still low. I would prefer to take advantage of every dump like this.

Everyone has been waiting for a bear season for a long time, and such dumps are completely normal. However, the question is whether we will be able to enter the bear season and how long will it last?
This already happened several months ago, and everyone was sure that a downtrend had begun, but after a month the market recovered.

Those who know how volatile the market is will simply consider all the dumps as a normal price correction. Maybe you are right OP, we can't be sure that it was just a sort of price correction, or that will be literally a start for the bear season. This gonna be just a sort of market speculation, yeah, we can't tell exactly what will happen next and most of us are very optimistic as these were just normal changes. Well, I hope so but can't be just so easy instead to keep prepared for it.

Rumors of a huge dump were slightly exaggerated. Rather, we can talk about the correction of bitcoin than about its fall before the start of the bearish season. The situation is, in principle, normal, we have seen this more than once.

i have to say tho ...  reading around the forum has set my mind at ease as to it just beeing a correction, more than when i was just looking at the graphs go down ...   im a little more optimistic now

This is all due to the panic of investors because of the issues out there. However , this is actually a good momentum for investors to buy at prices during a correction like this . Profit will be better than we buy it when the price rises . However, the panic was not contained and caused a deep correction for altcoin holders.

the bear season started few ago mate, and most of the pattern is almost the same since market change direction, wherein bitcoin and some altcoin making the same pattern on this situation even though last night market was down - 8%. in fact even now as i checked it through trading view (binance exchange) still as is.
For me in my personal opinion so far this situation is not the same before that the market really plunges to the dip wherein it seems making a normal correction and seeking for the real support to keep hold until the bull came back. Because you know if market tends to collapse perhaps it already happened since crypto is fall of greedy and weak holder.. Just saying because that's what always happen even before.  :D

Bitcoin and ethereum freefall in these 2 days.  All coins go down. What is happening with crypto assets now. As Bitcoin goes down all the other coins go down too. What bad news is what's going on in the cryptocurrency world.

Incredible panic, until the average bitcoin and other altcoin holders secure their respective assets. This is why prices become corrections. But this is actually a good momentum for those who want to enter the market, because the price is going down and it's a sign that it's time to buy.

Everyone feels horrible when there is a dump, of course it is natural to feel bad when there is a dump, however let's get used to it already. There are times in the crypto world where there will always be big losses and big drops and we just need to learn to live with it. We are in prices that we never reached before, we are 2x of the 2017 ATH price, sure we have reached 64k at some point but realize that anything about 40k+ is more than 2x of what we used to have.

So, it is understandable that we should not be doing something that is irrational by just seeing it "drop" to 40k, that's still a ton of money. It is the investors that gets greedy and snobby when they see it drop, when in fact we should all be still quite happy that we are at 40k+.

If you do not enjoy the huge price we are in that we have never seen aside from 2021, then you will never be happy, you will forever want higher price, which can't happy at all times, we need to have some corrections like these to keep going.

This dump is not huge because more than down fall we see in the past . So I use to seeing this gracias money more times in the last year . But the expart analysis and after end of COVID-19 the cryptocurrency market will bull ran so do not be upset the golden period of crypto market will come soon .

I think stock market crashing has a impact on this dump. We will go back to track soon and reach new highs for sure.

We are not even below 40k so I do not think this is a sign to get worried, however I think there is a change that this is in fact a movement manufactured by the whales to scare people before the bull run that is coming at the end of the year.

If that is the case then there is a chance the price could go even lower and then they will buy all of those coins hitting the exchanges, and once that happens they could let the market finally do its thing, unfortunately it is impossible to know if this is true except by let the days go by and see what happens in the market.

but it's really hard to define the bottom of the correction. maybe BTC will go down to $29 000 as it was some time ago. some say it may fall even to $16 000.

We can only hold all assets at this time because market conditions do not allow it to sell. Let's see two months later, I think the market will grow big. The bull run is not over yet even though the current state is being dumped. Prepare your dollars in large quantities to buy the next stage of crypto.
I will wait for the next two stages of the bull run, probably in December, and April 2022. I wouldn't worry about the current red market and hope crypto holders don't panic. So that you don't experience big losses if you have already bought at a high price.

I would say it's huge because bitcoin is already down more than 10% and what worries me is that the dump still continues. I just check in the exchange I'm using (https://www.binance.com/en/trade/BTC_USDT), and the 24 hours low is already at $39k level, if this would not worry the short term investors, then they must be strong enough to believe that it will recover soon.

After bitcoin hits over $50k, and now it seems like it's going down again and probably it will go lower then this year's low if the trend continues.

The rumors are strong and it affected the price pretty bad.

Everything that a week ago seemed like a deafening dump, in fact resulted in a moderate correction. Nevertheless, I would not make any important decisions now because I do not see clear signals of the direction of the market movement. I will wait, caution will not hurt.

The current condition will be predicted to continue until December because the market is experiencing a correction. Therefore, all market participants are expected to be patient for the next few months.Hopefully the ATH prediction will happen in the first quarter of 2022.

Apart from being patient, there really is no better solution than that because the endurance to be patient is very different for everyone, so some people need to change direction during a period of correction in the market.

the market had a dump in september and made a lot of people panic. The information circulating said that it was because China had banned Crypto even though this information has often been heard and still has an extraordinary effect. for me this is a common thing before the bullrun ends. when the price falls, it is the right time to invest but by finding out info about the coin you want to buy. The dump that happened is great news for people who believe in a bull market at the end of the year.

Only patience that we can do during the bear market that we do not know when it will end. No matter how hard to have patience, we must do that because when the market has the next bull run, we will come back and make a big profit, which can delete our sad before. Hopefully, the market can back to the right track in the next month, which will come a few days later.

I saw the market dump two weeks ago. I saw the $52k BTC price drop to $47k in no time. I was wondering, what's wrong? some sources say it is because of the issue of China banning crypto, which we have often heard about. if the bullrun continues, I think the red market is a big problem because the peak will occur at the end of the year and consider this problem as a springboard to fly high.

I think that most of the concern is from the Evergrande saga and the global collapse in equity prices.

I don't think that is cause for concern for most people to be honest.

People should realise that crypto and alts are its own asset class and shouldn't be affected by any other asset prices given its decentralized nature.

Those FUDsters will continue to bring that "China banning crypto" just to cover up their track as they dump their when the price is in the top. Then wait for the dip to buyback of what they just sold then the weak-hands will follow and it might look like a correction but it's what the market manipulation look like to me.

I don't think this is the time where the bear season will come if we look at the chart it's quite far to happen yet. But don't be so carefree but instead HODL if there's a huge dump especially if there's a devastating news that would suddenly dump the market.

If there is a price correction in the market this is probably what is happening.Therefore, it is better for market participants who still have assets because prices are falling, please be patient and let it be when ATH goes up again next year. This is common, so it is important to recognize when this condition will be good or not. At least if I focus on one small coin asset, such as TRON for future assets.I'm currently also following Tron for next year's assets

maybe he saw some news from people media want a much deeper dump :D ,sometimes they don't think by saying fake news in the media to make people panic ,when in reality the crypto market is not that bad and that low especially bitcoin has big walls in many markets ,market forces and society are not as weak