Bitcoin Forum

Tried to tell my friends back in the summer that $60k+ was a good time to sell because bear market was incoming.

No one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.

Now, 6 months later they are all talking about the crash incoming.

N00bs....

https://pbs.twimg.com/media/EWJrY8AWoAAb_QC.jpg

We are entering the Fear phase now. Hold onto your Butts!

What I just know is that the crash would result to altcoins to dip deeper, many will become shitcoins, many will be dead as a result of the crash or if the downtrend continues. This is the reason we should be careful of altcoins.

I am specific about bitcoin because of above reasons and because many altcoins will never reach all-time-high again. The good reason you can have bitcoin is to never have some of your money in fiat because fiat is depreciative. Instead, bitcoin can be a hedge. But some people can act like you want, like long tlterm traders. But some people are long term holders.

See many holders buying more even if the price is decreasing, when the price increase, profit is still the net result.

Probably create such a topic next time before the drop actually happened, not after. So you just wouldn't look like some Mr. hindsight who wants to look smart in an internet forum and calling people noobs.

Lol. And apart from that, we have no way of checking whether he did indeed tell his friends that. But I say more: even if he had posted such a bearish post on bitcointalk around that time, that wouldn't prove anything either. There are so many people making price predictions that by sheer statistical variability some of them end up being right, and not because they have divinatory powers or great predictive ability.

Exactly! This is what I wanted to say.

Oh for sure, because hey, calling for bull or bear at a certain pricepoint is pretty much 50/50 odds lol. But at the very least we would have some proof to actually "congratulate" OP for being right at least once; but nope.

Proudhon sees the bear market all the time even before the rise to $59K but I guess we can say his warning is now heard. He had been saying it many times if you have followed some speculation threads. In the comment of the BitcoinTalk Community Awards video https://www.youtube.com/watch?v=r3v7Mg-IJxk he was mentioned to be the Troll of the Year.

More fear will make holders sell in panic when the price dip below $40000. Wish it will not go that low.

Here you go:

https://bitcointalk.org/index.php?topic=5338953

 ;D

You posted a topic on May 21(bitcoin was more or less at $40k) that bitcoin would drop to the $20k range. Okay? That barely says anything compared to the $60k peak you're claiming here in this topic.

But hey, you may or may not be right about $20k. But we're not there yet, and you're already having an ego trip lol.

Exactly, they're trying to bank on the current situation and say that things did go bad as they've expected. Pretty sure that OP is just fishing for attention or is trying to look cool in this forum to impress faceless individuals in the forum and hopefully gain their admiration but it sort of backfired.

Actually since December there's already some sort of sign mate that bearish seems to start soon or later and yes it's happening gradually right now. maybe your friends missed some of those news that emerged around the internet.. If i were them i will  keep adding more in the dip because its too late to dump.. Indeed it will last soon when bulls show a sign as well. So keep adding and be patient is the good idea on this situation not dumping because it's a big mistake wherein the price is already near 30k+ especially if they bought higher than that.

Are we?  The daily obv looks bad but the weekly still looks decent.  And that 40k support looks like it’s going to hold imho.  Dunno...  But I’d start worrying if BTC breaks down 40k and drops with lots of mometum to 30k.

https://i.imgur.com/dJ1he8t.jpg

And if anything, to me it really feels like it’s going to play out like it did last July.  But this time with 40k bottom instead of 30k.  BTC could go back up to 46k - 48k then drop back down to where it is right now before trending back up again.

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

There is no medal for guessing that the price of bitcoin would drop. If you are naturally pessimistic person and preach caution doom when ever the price rises, you will eventually appear to be right cause we have not achieved stability yet and the value tends to drop after reaching certain heights.

Following your 'victory dance' post, a lot of your friends who did not sell but waited for $60k actually benefited more. Those who did hodl through the recent peak just have to hodl longer, It is money you can afford to lose after all.

Logically if we're applying the same pattern in the past, everyone would be thinking and expecting a dump and bear market.

Just as the bull run have started at the end of 2020 then it's already 1 year long for the bull run. Having that said, everyone who has experienced the market from 2017-2019 would have the idea that we're going to see the inevitable.

And that's the bear market but who knows if this start of the year isn't the one that we're expecting and it's just another form of correction. But, wouldn't enter into bear.

I saw it comming from both technical and fundamental analysis.

Technical analysis: We broke all time highs and it failed to deliver a proper breakout. It just went a shy extra couple of k's above the prior ATH, and then it went below prior swing lows, this is very bearish from a technical POV. Then add in the fundamentals.

Fundamental analysis: An insane amount of media attention, everyone getting rich from total memecoins like Shiba, NFT craze, people buying scams like ETH and "ETH killers" because "BTC is now too high" etc etc. It's always the same thing every cycle, and on every cycle there is people in dennial about it ending.

Im not sure if this is a secular bear market of 2+ years or an intermediate one. In any case, something like this was coming and it was predictable. And now the question is, 20k before 100k or not?

I guess you can't blame them though, six months ago the price is really just on the momentum and it's about to reach a new all time high.

So there emotions is too high to think that the price will go and even hit 6 digits become someone popularizing that idea with his bitcoin prediction modelling.

But for those like you who see it coming and then warn them, maybe the last laugh is on them. Nevertheless, I do hope that you yourself has prepared as well for this incoming bear market.

If they can wait for another ATH this would have no problem at all.
We may under on the correction price market but for sure someday it will recover and make another ATH, as an investor, we should aim at a profit target, withdraw when we see there is your profit x times folds from your capital, don't be greedy waiting for a high return.  Or else, just keep holding until the bull season will come.

Nobody knows when the bear market comes because it's unpredictable and there's no time frame when it will raise back again.
All we have to do is avoid looking for the prize in the market.

I think we can say that when the price starts to turn around after hitting $68k, maybe for some they can call it a bear market already (except for those who are really perma-bear, they will call the market bearish no matter what).

Of course one way to make profit in bitcoin market is to be a holder so better wait for the next bull run. But it might take years, probably another 3 years in the making. So it will be a long time, but if you have the psychology and the patience to wait for that long then why not?

Well, its not a problem if they didnt listen to sell during peak price because as long as they keep on holding and willing to wait until the next bullish season then there's nothing to worry. It might takes months or years (no one really knows) so having lots of patience is really needed.

We know its inevitable for bearish season to happen (since crypto is high volatile) but not selling is a choice, they have their own reasons. Its a temporary situation and certainly the market will recover in time.

The bear market all over here.The price of bitcoin was keep reduced and made many investors sad.Only the person with sound trading knowledge will sustain market.Ohers will fly from trading with loss.Once you got good knowledge on trading,you can try the binance future trading.You can earn decent money from investments,if you play it wisely.

true investors will never feel sad when market is going up and down because they already know this from the beginning they invest in crypto.

the one who will be sad are those who are seeking for easy money.

Best still is to Hold and keep the crypto in our possession , that will keep us safe for long term investing .

A wise investor will not sad instead, make a decision to buy more bitcoin at this current price to accumulate more bitcoin. They know this is a good time to do something related to what is happening in the market. Maybe they do not just buy bitcoin but they also buy many potential altcoins that can increase later. But for some traders, it is hard for them to analyze the coins to enter the market because the market has become more unpredictable.

Apart from the obvious fact pointed out by @mk4 that you are taking credit for something after the fact, I'd argue that we can't even call this a "bear market" because in bitcoin world, bear markets are usually a longer down trend whereas what we have here is the sum of exactly 2 big drops that didn't take more than a couple of hours. The reason for those drops are also drama and FUD that involved China, Kazakhstan and US.

Last time we had similar drama which involved China (and India IIRC) we had a similar drop and interestingly enough you were calling that a bear market too right before price went up to rise 3x setting a new ATH.

On Oct 28,2021 i made this topic,

https://bitcointalk.org/index.php?topic=5368047

The title was "Getting Early 2018 top vibes"

I basically listed 10 different reasons why there is a good chance we are going to top soon. Such as meme coins pumping, uber driver trading crypto, Jason Bourne doing crypto.com commercials, people quitting their careers to trade crypto full time, etc.

Nobody believed me. People were saying thats its not topping yet, it will top in 2023, etc, etc.

you are getting off topic here guys , the question if who saw the bear market coming and not the advantage to buy now and what is the feeling of the investors.
but lets take it a fact that we are In bear now(things that i already foreseen since 4th quarter of 2021) why feel sad when this is an opportunity?
and besides we are the one who chooses what and how to invest and if you think the value is lowering then sell yours and let us buy more.

or Maybe they are here to Hold? that's why they did not really consider selling because they can afford to keep holding for long term?

like what the early adopters did , maybe your friends are willing to be holder than selling in ATH  ;D

but the sad part is they may have doubled their funds now if they did sell in 60k plus and will buy again if time comes price drops down to 30k.

That's just it, everyone is a HODLr until they realize they could've bought a house.

Don't get me wrong, I'm HODLing crypto, but I try to keep 50/50 crypto and fiat or other liquid capital to offset market fluctuations. My friends that have Crypto Fever are 100% all in, and in for a surprise.

If I have too much crypto and the price is high I sell. If I have too much cash and the price is low I will buy crypto.  :)

Best long-term strategy IMO.

I didn't see the bear market is coming, but i waited for it..
Because i really know we have reached 2 times all time high last year and i'm sure something bad will happen to make the market balance and healthy, i prepared for worst condition before the first crash at the mid december and looking forward right now for a chance to enter market again.

That’s the thing around these parts.  You say what you think and if they don’t like it, the whole lot of them moonbois go on a barrage of posts saying how you’re wrong or you’re just a bear without even trying to think about what you’re trying to say or even look at the chart you just showed...  It’s like ‘I’m right you’re wrong and that’s that.’.

How are we supposed to learn from each other if that’s usually the case? 

Anyway, about your thread, wait for the bounce.  It could be the end but then again who knows...  Already made a couple of posts about it so I won’t post it again here.

Well i think everyone have their own claim about being correctly predicted the bitcoin price but not really sure to post it to leave a proof , could be a coincidence though and probably this is what most people claimed being 'told ya the price went down now ... told ya the price hitting ATH now ... just like what i said long long time ago'

everyone has it , a proud moment and should we give a standing ovation?

IDK at this point, seems to be holding pretty strong at $40K.

Maybe the days of 80% corrections after ATHs are over?

I'm still bearish personally, but it has been a great your for Crypto in general. We'll see.

This is a common way how others threat crypto , they are looking for this as will make them rich in a short time so yes they are noob and not just that but stupid as well.

Not unless they wanted to Keep Holding then it is a different idea but they wanted to earn much but know nothing in this market?

sorry to hear that from you and your friends but of course it is their mistakes and not yours.

Last ATH was barely 2 months ago and you think the bear, if this is a bear, is already finished? In the last cycle, ATH happened and then it took over 2 years for the super low price to come around.

Maybe we can say 80% corrections are gone when we are in 2024 and price is very far away from 14k but it's way too soon to say anything right now.

But I’m kinda getting some 2018 feelz right now when everybody keeps yapping around telling everybody to ‘buy the dip’ but what they’re really doing is market selling right after.  :D  But yeah, it’s either that or they’re holding and sweating, esp the guys who have bigs bag of coins in the red.

And here’s another thing, there’s prolly guys in here who bought their coins below 10k who are telling everybody else to buy their coins at 60k, 50k and soon to be 40k.

There's already institutional investors that holds the majority of supply which keeps the price don't dip below 40K since thats the buying price of most of them. I believe 80% correction is still possible once they decided to give up there position and take profit which will not happened right now since most there holdings needs approval or reach a certain amount of profit and maturity for it to be liquidate.

True, the only way to prove their ability to predict the movements of the market is that they had a long record of their own predictions with a timestamp that could prove the predictions were made before the events happened and that they had an accuracy rate that could only be explained away by them being incredibly lucky or just being a very good trader.

Otherwise most correct predictions about what will happen in the market can be discounted as noting more but statistical noise.

Right now I think we might have a relief rally because if you look at the funding rates they are more negative than before. When we were dipping from $69K all the way to $40K the funding was positive. Meaning that people were buying the dip on leverage, something you don’t want to see.

Now we bounced from the $40K lows and people are starting to short Bitcoin on leverage. Usually when this happens it indicates that. $39K might of been the low. This happened in the past when we were at $40K before and prior to that when we were at $30K.

In other words, it seems bullish at least for now.

It's going up right now. Just last money I'm very much worried whether the price will dip down and go to a bear market like how 2018 started. I'm one of those who had not sold at $69000 but just realize when the price already dive to $52000 where I tried selling. That's a bit of a loss already but I think I got it right anyway or at least I didn't wait for my loss to get worse.

Some had already warned about $64000 to be the ATH and wait for the half-a-year correction. If this bounce will really make it to break the resistance and touches a new ATH like the $200,000, I'd really consider it to be the supercycle they are saying.

You were right, it did go up but as soon as the price hit 43.5k, there was a massive sell down.  And it looks like with the way things are going right now, I think most bounces have been used to sell down and prolly by huge players.  I mean who does that?  Pretty sure it’s not retail investors.  Lol. 

Anyway, let’s see if BTC forms a nice long bottom wick in a couple of days are if it’s another S/R flip.  Hopefully the former.  Lol.  But yeah..  That’s just me coping.  There has been lots of cope going around lately.  :D

The problem is that these investors supporting bitcoin at 40,000$ range might be the same ones who crash the market as soon as bitcoin hit 43,000$. There is no difference between institutional investors and whales. All of them are very dangerous for bitcoin stability and price increasement along the time.

If the supply of bitcoins were splitted among more investors, we wouldn't have massive selloffs like the one seen earlier today, which instantly liquidated more than half billion dollars in cryptocurrencies. Bitcoin still need more adopters who aren't related to the speculative practices of the financial market in order to thrive smoothly.

In order for that to happen we will need people to begin to use bitcoin more as a currency than as a speculative asset, and while I think we are seeing a nice transition in that regard as now more people are using bitcoin in their everyday lives at the same time this is a process that will take a significant amount of time.

So I think we need to accept that the volatility of bitcoin will remain high at least during the next decade as bitcoin makes that transition and then people acknowledge a change has taken place.

It would really be having that kind of treatment on where people do really make it as a store of value rather than minding on how it should really be circulated.Well, i couldnt really blame off people

on having this kind of mindset or impression yet this market had really given out those kind of opportunities or benefits on getting big profits if the market tends to have a bullish run.

Of course bear markets would always be accompanied by the bull since these are the only things which could the market will able to move out.

Do you know there is a bear market now, just because its gone down with some harsh news and fear has crept into the markets generally.  I dont see its especially defined long term in that way.   When we have confirmed for definite that we cannot break the common averages like 50 and 200 day I will start to believe it better then yes we must trend down over many months maybe more then this year.
   In terms of guessing, I recognized making a new high like that and failing to catch hold and keep it wasnt very positive pattern to occur.

One thing I just realized is that, it’s no coincidence that whenever Litecoin has a quick pump, it usually leads to a bear market for Bitcoin.

Pull up the weekly chart and check. Whenever it has these pumps, it quickly retraced and the local top is in for Bitcoin.

It seems they sell BTC for LTC and then they sell into fiat or tether and the cycle repeats a few months or years later.

Lol real investor does not feel sad in this instead they are happy (Including me because this is the time that i may earn more chances to profit because the price is discounted and yeah super cheap.
isn't normal in the following year after the hype? that the market will fell down low and make another ath in the couple of years pass?

So more selling pressure coming? Most of the institution's average buying price is around 30k. I am not expecting the BTC price to go under that. There could be panic by flash crash towards 28k but I am expecting BTC will create support around the 30k-32k level. What do you think? According to your graph if BTC did make that much heavy crash we could be stable around 20k. Is that really possible after so much big-name clipping with BTC?

They surely are regretting now if they are not holding it for the long term, for short term trade, selling at $60k would already give a decent profit, sometimes our greediness makes us not to make the right decision. Now that the market is bullish, if we panic, then we will lose.

In reality no on can predict when the bear will come.

This is exactly what what I intend to say about this topic. If he is so saw of him or her self let him make another topic of what will happen in the next six months to come so that some of us will follow up with his prediction and not just to come up after the event has happened. This like those who usually make analysis of of past market trend and not what will happen in future.

This doesn't sit right with me, you calling your friends noobs because your predictions turned out positive, what if it had gone the other way round. I think the market just favored you and you shouldn't do that in my opinion. It is always highly expected to have bear market to happen after a strong bull run but unfortunately this time market failed to show up any stronger bull like 10x or 20x growth.

Not just on youtube but on every social media and every part of media where crypto events are being covered, people were talking about $100k to $400k possibilities and there will be no surprises about your friends are belonging to them.

Only newbie and naive crypto currency invest will believe what Twitter or Youtube influencer because they are primarily paid to do so or hype their holding.

  Yes and this is the season I choose my altcoin gem. I believe every altcoin that survives the crash and still performs well after the crash is a well potential altcoin.

Maybe you were right or maybe not but if I were you, I wouldn't jump to conclusion without having enough proof of information because as far as I can see the price is still bullish compared to 2020 price.

So, is it really bear market already? Or is it just a dip?

If you can predict what is the future price maybe you could make enough fortune out of that. And what if your friends were right from the start? It would be a shame if what you called them backfire to you. lol

AFAIK, I don't feel like a bear market is coming yet once this FUD is gone I think everything will be back to normal and then I think that's the time I would say the bear market is coming.

Indeed many people regret not selling their Bitcoins when the Bitcoin price is above $60k. Not only are we greedy for bigger profits,
but everyone sometimes has a different selling target. So we can't blame people who decide not to sell their Bitcoins when the price is
already at $60k. Some people believe Bitcoin can reach a price of $100k and that is their target to sell the Bitcoin they have.
Although the price of Bitcoin is now down considerably, but learning from the history of Bitcoin price movements, the bearish trend
will not last forever. For sure Bitcoin will recover and will be bullish again, and it is very likely that the price of Bitcoin can go back up
to the price of $60k. So as long as we don't panic seeing the current market, and can be patient holding the Bitcoins we have until
the price goes up again. We should still be able to make a profit from Bitcoin, the most important thing is that we have to believe
in the future of Bitcoin.

I've been saying for nearly 4 years the time to sell would be December of 2021.  I missed it by about a month, but not bad.  Bitcoin is very much cyclical, and it's based on math and not market conditions.  I'm very curious if the market makers are going to be able to manipulate the market into being different this time, but I'd have to be burying my head in the sand not to expect us to hit $10K sometime over the next 2 years.  I think people are wrong about us entering a bear market.  I think we're just reverting to the mean, which I see around $10K.  The Bitcoin market bubbles up and then returns to value, it doesn't enter bear markets.  At least that's my opinion.  If it broke below the last cycle's low around $3K, then I'd have a change of opinion.

yes, if he feels he can predict the market, why not use that knowledge to his advantage? you can't expect people to follow your advise. now, it is up to you how you will use that to your own funds. bear or bull season, everyone has their strategy on how to approach the market.
and besides, at the end of the day, you are the only one who can manage your funds. you can hear fud or advise, but the actual work will be on you. they don't care what you will do with your money. so don't be affected of what other people are doing to their money, it is not your business.

strange that in october the price was 60,000$ so from october to january there are 3 months, why are you talking about 6 months? Also, who has a crystal ball? I don't think anyone has a crystal ball. so even you at that time were making some assumption that the price would drop a lot in the same way as if you ask yourself now:

  what is the next price movement?

you will not have an answer

There are also just as many people who called the top way earlier than the actual top...

What's your point? No one can predict the future and hindsight is always 2020.

The people who are getting wiped out right now are either a) over-exuberant about the state of the crypto market or b) over-leveraged and have bad portfolio management. It's not that they did not know when the top is coming.

Each of us can speculate and predict the price of bitcoin for the future both by fundamental analysis and technical analysis. Sometimes it's right and sometimes it's wrong (perhaps more often) and it shouldn't be taken as financial advice. Predictions are not 100% correct so people say dwyor and dyor so anyone who believes must consider all possible risks.

After hitting ATH heavily in November, I have to admit that bitcoin has dropped quite a bit to date to be down to $34K. I see there are similarities between April ATH and November ATH especially in terms of how bitcoin is losing its price. If previously the FUD was made in China, now Russia comes with a FUD which is almost the same. If the scenario is the same, then bitcoin should have a bigger gain this year where maybe $80K could be hit.

In short, inexperienced investors, maybe it's there first time to witnessed a bull run and thought that it can go on forever like this and never saw the top coming.

But this could be a good lessons for them, and maybe will change their perspective on how to long at the market and in the future will know how to react correctly.

Experienced traders will do trading both at dump and pump.Because they know, the price will vary for sure.The lesson from the trade is happened both with the loss and profit.If you had loss 1000$, you should not worry about it. In some days with a huge analysis you can easily earn of 5000$ in a short period. Only way to get huge profit, holding is essential one.The time will answer us for our investments.

This is very common, intellectually it is very easy to see if you look at the charts that bull markets are followed by bear markets and that it is impossible for a bull market to go on forever, however when a new trader or investor experiments a bull market for the first time it seems to them as if it is going to last forever and that it is unstoppable.

So they take risky decisions, like using leverage, asking for loans to a bank or to their friends  or even sell their house to put more money in the market, and that is when the market begins to go down and we see all kind of bad decisions being taken as they are in complete panic, since they were not expecting the market to suffer a downturn at that precise moment, even if we know that something like that can happen at any moment due to the unpredictability of the market.

Happens ever market cycle.  When people are greedy AF it's time to start closing longs and preparing for the downfall.  No market can continually sustainassive gains no reason the think crypto will ever break that.  Easy solution sell when everyone is buying and buy when everyone is selling.  Typically works out well.

I've been telling people for the last 4 years that the time to sell would be not a price, but a point in time.  I chose early December of 2021.  When all of my friends started hitting me up as Bitcoin was pushing up towards $50K and asking if they should buy in, I let them know that we were in the 9th inning of this run and the advice that I repeatedly gave to those close to me was this...

"It's ok if you want to speculate on Bitcoin during the bubbles, but know that if you're still holding crypto come Christmas time you're probably going to lose a lot of money."

While I may not have hit the date exactly, considering the time frame I think I did pretty well.  Nevertheless, nobody listened and now I'm hearing about how crypto is a scam that cost them half their money.  Oh well.  On to the next cycle.  I would advise people to buy big if it hits sub-$10K in the next 2 years and don't forget to sell your stack in December of 2025 this time.

Nobody had ever seen what will be the incoming and that is why we come to speculate the market which most of the time we get wrong (over speculated). Well, perhaps we do and never find it regretting as we are aware of the situation that it was purely unpredictable.

However, as we go through the market history, we can also predict that the market will dump somehow after Bullrun and we anticipate at least but sad to see that many (newcomers) had failed to make it but instead, they buy during the hypes and now they are suffering losses.

Actually I read some prediction before that bear market is about to happen though they can’t tell the exact time and date but this bear is already expected as we failed many times to break the resistance level last year. We had a great bull run though and the market can’t continue such trend without having any corrections, so I see this as a normal and healthy trend. Bear market will not last longer, we will recover from this and having good coins on your wallet now is a big thing.

Are those your friends don't belong here in the forum? If your answer is yes then why don't you open the topic in relation to your acclaimed warning for them to sell. And if your is no that they don't belong here then why do you have open this topic of your warning to your friends knowing fully well that they are not here to confirm what you are saying.

I find it funny that people actually think we're in a bear market. Just another moderately long downturn like last May-July. In fact it looks like the drop is probably over at this point and it's starting to head back up. 2022 will be a solid year of growth for Bitcoin. Expect $100k in the second half of the year.

People who think we're in a bear market are ignoring all the data showing a bottom has been forming, ignoring all the data showing that holders have been accumulating since July so that liquid bitcoin is extremely low right now as always happens in the buildup to a bull market, and the fact that bitcoin never got close to anything that could remotely be called a blow-off top last year which it what has also led to the big long crypto winters. This is just a healthy finding of the bottom of the market as short term investors panic sell on various fears of economic doom and gloom. Luckily Bitcoin don't care about your doom and gloom and bitcoiners just keep buying the cheap Bitcoin from the short termers. We're heading for a massive supply shock as soon as the short termers start buying again.

The people who sold recently looking to buy back at $20k or $15k or $10k are going to be buying at $50k or $55k or $60k this winter/spring.

So I'd say to all the people who "saw the bear market coming", fortunately you're wrong again, just like last Spring :)

If your friends are not really good at predicting what comes next then try to talk to them about choosing a strategy that does not rely on predicting what the market will do, dollar cost averaging or just buying bitcoin whenever you have some fiat available should be the perfect strategy for those that cannot foresee when the bull and the bear markets will come, it is true that it is a strategy that requires patience but other than that it can be incredibly profitable as well, as long as you are constant with it.

I myself also cannot predict that the market price will slowly decline before the market enters the bear market last month until now the market has not been able to get out of the red zone.
Even though the bear market didn't last long, I still kept some of my good coins which I haven't sold yet because considering the very low price, I will keep it until the market really recovers.

I did not see thus coming though i still don't see this bear market instead correction , though it is low compared to the end year price yet it is still best than this.

there are so much FUD happens recently and now the latest is the Situation about the Ukraine government and the Russian , so i think there would be more to happen sooner.

for a trader, not selling at $60k is a regret...

I also think that $60k will not last long, the price of Bitcoin is very volatile so the price can change anytime. On the other hand, bear market is not going to last forever, we will experience bullish as well, very soon.

Because they think bitcoin can reach $100k but in reality it doesn't, so many are trapped in bearishness.

Because bitcoin is volatile it can change at any time but we are waiting for the market to recover again and try to rally but now bitcoin has started to improve if we can redeem $40k in the next month of course we can say bullish will come again but I do not determine this prediction will remain but in the end it can try to fail with FUD news.

For those who come and think about the market in an optimistic way, it certainly can't see any negative sides of crypto but rather see it in positive things. In fact, this correction can still be predicted but we don't know when it comes, that was the reality and this makes many people unprepared and sometimes become neglected.

Well, they are actually going to exist but I don't weigh them much as the reason for the price drop. But what I could say is that the market just even to fall to its normal and this what it happens nowadays.

You might not see it as a bear market because the price is still relatively high compared to the bear market from the past, but we are actually in a bearish situation at this current position.
If you noticed people are actually thinking $30k will be the bottom price of the correction, so when Bitcoin closes near that figure, It bounces back up.
If you see a lot of FUD these days, well maybe that's because huge investors wants more dip so they could accumulate more.

Your friends did not know that you have more experienced than them or to those youtubers when it comes to cryptocurrency, that is why they do not follow your advices. Now you know that they are not really your true friend. No one saw that the bear was coming except from you because you have predicted it right but no its not only a mere prediction that you did but your long term experience in this field is also what makes your prediction more possible.

Anyway, can we ask a favour maybe you can also share your insights if when will the bull market will come. You can count on us that we will follow your advices.

Indeed, everyone has a different opinion whether what is happening now is a bear market or just a normal correction. That's not a problem
because our real goal is to invest in crypto to make a profit, so we must be able to take the right decisions so that we do not experience losses.
Actually, if we choose potential coins, we don't need to be afraid if the price drops, because potential coins can always recover if the price falls.
The most important thing is to just accumulate as many coins as we think are potential if the market goes down, because whales or big investors
do the same, they accumulate coins that they believe are good if the market goes down. Then don't be greedy after the market has recovered
and the coins we bought have gone up in price, so don't hesitate to sell them to make a profit. Because after the market goes up the next market
will go down, that's how the crypto cycle is, we just need to understand how crypto works.

I think you should tell your friends that they need to stay away from YouTubers. And They need to do their own research before investing In any project.



10k isn't possible in my opinion. Technically bitcoin never broke its previous cycle ATH

I agree with this. Yes, stay away from Youtubers and do not seriously watch those videos before you research. By the way, the bear will come and so do the bull but if we can DYOR, we can prepare for anything that will come. So whenever you feel difficult to select, you should research furthermore to find the answer.

The down of the price does not always mean as the bear comes, but we often see that it is about a correction for the price and sometimes, the price drops deeper and makes us confused if the bear already comes or it is just a correction. We see the price get a green candle at this time, but it could get down again. So it is better to be careful and still research.

On my opinion BTC drops into a bearish zone.
For me personally BTC have to close above the blue line before continuing bullish trend. And that’s a long way from here.
https://de.tradingview.com/x/d34Niwn4

It is becoming a nature or a nature in the Bitcoin price movement, that whenever a new price mark is achieved, there will be this price correction to retain a support zone and balance for a new price mark.
Am not much a pro in technical analysis but I'll say Bitcoin has dropped into the bear market zone, and this is one thing that could be some draw back to having new ATH, as this zone will be affecting the entire market. I don't really think this bear zone will be the one that will last for up to a year or more. This is a good time to buy the deep, with fingers crossed that it doesn't go any further or worst than the way it already is. If Bitcoin price should remain above the price mark of $30k+, that will be okay, but going below it, that will fill the market with blood and lots of coins might be dead while some becomes shitcoins.

nowadays generally people who fail in trading are people who like to imitate from tutors.
Why is that? because some of the creators who provide tutors to traders are also beginners in making analysis, but which is very unfortunate for traders who have been around for a long time but can still be influenced by analysis tutors who are completely useless when the market is bleeding.
they need discussion space to analyze. Bring it here!

At the moment bitcoin is still very difficult to break through the $40K price resistance and it looks like there will be a slight price drop in the market in the near future to seek support from the whales, I think now it's better for us to see and wait where bitcoin goes next rather than rushing into it market, it will be very risky if we enter the market without doing the right analysis because all possibilities can happen later.

https://i.ibb.co/26hyVJZ/IMG-20220201-WA0006.jpg

I could understand an investor buying at a high price and then not selling if their intention is to be a long term holder, but for a trader it is simple inexcusable to not have sold their coins once there was a heavy correction, that is the kind of decision that can wreck them and derail any possibility they may have about making money in the markets, after all most traders make short term trades from which they obtain only small profits, buying at such a high price and then not selling will give them losses from which it would be impossible to recover.

People could neither be positive minded with neither with their own personal calls or had been influenced by someone and people who do have those thinking on which minding about
casual market movements which is on having those up and down on where they do always think that correction is always on the corner.You might have that right call that 60k+
was the peak but it cant really be avoided that you would be thinking that the price might shoot up even more thats why you've decided to wait up a little bit more.

Yes, as I have said in another post, we have difficulty breaking the $40,000 barrier even next month. So if this happens, then we might see another downward spiral maybe hitting < $30,000. I know I sounded like a doom and loop, but it is what it is, we are in a bear market.

And since it is early this year, perhaps it's better to wait for the price to still go down a bit before entering the market.

OP simply imagine if the opposite happened, will you still be brave enough to create a topic and apologize for all those you try to warn? No matter how clever you are you can't see the future you can only indicate.

That is what the charts indicate so I agree with you, the only way out is for some development to occur that shakes the market and makes it to go up again, but right now I do not see any kind of news that could do something like that.

So with that being said I think it is important to adjust our predictions about what the price of bitcoin could achieve during this year, I say this because a lot of people were expecting to see price above 100k, and at least for the moment it seems this is not going to be the case.

We can't expect bitcoin to hit $100K at a time like this as there is always a FUD rocking the market to prevent it from rising above $40K after the recent correction. I think people are considering whether this is the right time to buy or they decide to exit before the market resumes its correction.

The bitcoin price is currently at -46% of the previous ATH which has created a lot of doubts about the next bullish move. If the ATH pattern from April 2021 to November 2021 can be repeated in 2022 then that's great because we can expect another ATH in June 2022. But many people doubt it, myself included.

Slowly but surely the price of bitcoin is making a comeback and now we are above the 44k level, we are still very far way from the ATH but this is a sign that bitcoin is recovering and it is moving towards the right path.

Still the 100k level seems to be way out of our reach, as even if the recovery has been important I do not see the volume and the strength necessary to sustain such a huge movement, especially when there is so much economic and politic uncertainty around the markets.

Interesting to read your reasoning a week later when bitcoin is up almost 40%. So what if the bear market doesn't come now or even this year? And most of all I wonder - did you buy bitcoins on this correction or not? I'm not going to guess what the price will be in a month or six months, but I think you can just keep your coins and not pay attention to fluctuations. It turns out to be the best strategy in the end. Even those who bought bitcoins in 2017 for 20k and didn't sell them are now with good profits. I'm not even talking about what would have happened if they had not worred to invest and regularly restocked their coins. But there are probably very few people like that, because not everyone's mental health can stand the news background of a bitcoin crash. I think that now we can see the same situation.

This is why buying the dip is such an effective strategy if you are willing to hold your coins for the long term, after all even if the price of bitcoin goes down this is not the tragedy that everything thinks and instead it is a huge opportunity.

After all even if you happened to buy at a bad price, as all of those that bought bitcoin at the top of the 2017 bubble did, at the same time they had years to buy bitcoin for sub 10k prices and in many cases for sub 5k prices, that should have been more than enough to do DCA and drop the average price at which they bought bitcoin to the point that as soon as bitcoin went up and surpassed 10k they should have been in profits already, unfortunately very few people did this and instead they sold their coins for a bad price.

Effective not only for the long term holders but buying at the dip works good too for a short and mid term holders because they too can earn a profit. A real tragedy is when someone buys at high price and he sells it for a loss just because they cannot wait anymore for the coin to comeback. The short and mid term holders are often affected with this.

It is actually normal that a coin will dump and it can take a long time for it to recover again after reaching a high price or a new ATH. This is why its advice that its better to buy at a much lower price or at the dip because the price of the coin is expect to recover easily right after this event.

When maximizing your profit, short term trading might not be the most advisable one. Unless If you have a good experience and market knowledge and of course the risk appetite that will be the best way to maximize the profit in a short period of time. Now, If you're not really into short term trading like a lot of people is, long term holding is the easiest and less stressful way to maximize your profit in your Bitcoin investment. 
All you need to look at is the dip so you can accumulate more, or the bullrun to see If you have achieved your long term target.

We do have our own preferences when it comes to things neither we do go for long term or short term and this would really be basing on your own capacity or knowledge on how
to handle and sustain up yourself when it comes to trading and not all would really be that similar in terms of skills and knowledge and thats why there are people who
do really end up on holding instead of making short term trades because they couldnt able to bare the risks but majority arent really that patient enough.

People keep saying bear market but I dont think it is, its an epic pullback but welcome to Bitcoin this is what happens not just once but very often as it is a volatile asset.    The main reason we pull back so far is same dynamic as a boiling something over on your stove, it overheats and expands massively with alot of froth; however the underling levels for BTC are far more modest then the highest prices.     
   So here we are pulling back again (https://talkimg.com/images/2023/06/12/A3xgd.png), Im not going to say its a bear market just because we wont go up this month maybe not even next month.  I think we lost the trend up we just had, its gone unless we regain these current losses before the end of Sunday weekly candle.   Patience is key, the lowest prices have far greater confidence to their prices level and often more volume exists in these areas.

Indeed, the market is still healthy despite the huge full back. From $70k down to $32k, that was not enough to call a bear market. It is just how these doubters will think negatively once seeing the downside. This is not new to us but many were still not able to understand as they only know that every drop will lead to bear season and apparently, it was a big mistake and wrong market presumptions.
The market still floating $38k-$41k, corrections have something to offer us and that is giving us a chance to buy more.

The price is a little bit confused because people are waiting for the coming decision of USA they are confused that what will be the decision for bitcoin for the state. If the decision will be to adopt bitcoin and to regularize then the price will see another ATH in the coming month.

Then you think at what price range bitcoin price could be considered as bearish? 70k to 10k? The fact that bitcoin price has fallen half of it since the all time high back in few months ago.
We have been in the down trend since nov 2021 and my support line are at 29k .

If we passed down below that line , i think it could be mean a disaster for sure. 10k is near .

I don't think we will go down to that 10k price level anymore.
$30k maybe, but it would need a negative news why we are going that low.
The bearish or bullish category in the market is actually vague for me.
It depends on what price level you are in reference here.
And for every person, they have their own level of bearish or bullish market.
So in terms of discussion, we need a reference here so we are all in the same page.
But people have their own opinions and so we are getting confused to what is the real bear or bull market here.

I was for the idea that 100k was going to be hit after seeing 70k in our sights...but whatever manipulation that happened markets crashed so hard such that even today i fail to understand how all this happened in a short period of time as its unexplainable. But because we are used to seeing such dips we certainly are going to get back up and hopefully see $70k then $100k in no time.

100k in an instant right after 70k? How bout 80k first then 90k and after this 100k is surely going to happen. I think it is better if we work things slowly because a shock in the price is not good. I remember there are happening like that, where an ATH is skipped to a new higher ATH but the price didn't stay long in that position and later that day it fell at a much lower.

You just said that there is a manipulation. Manipulation can also be cause of the dips that we are experiencing now. You do not need to wonder how that happen because market manipulators are too powerful, they have lots of coins that they can sell to crash the price.

lol @ all the shocked newbs about the crash. Been posting about this for a year now.

Edit: Over a year

I guess this is just the cycle? We saw that when we hit $69k around November, everyone was shouting that $100k is next in December. But it didn't happened as the price goes down at the end of the year and early January. So that is the sign already that the bear market is coming. And as we look at the past, same trend, December's peak in 2017, bear market 2018-2020. So I guess everyone who has been in the market for so long and had experiences at least the 2017 bull run and the subsequent bearish trend should seen and smell this from afar.