Is the Bear Market just a huge influx of users getting used to the concepts

[Bitcoinpro]

when one starts their journey on the road to gaining a better understanding of Crypto's your mind can swing back a forth wildy over serveral topics as your brain is making sense of it all

[tokeweed]

^ i don't get what you mean. but bull markets and bear markets happen in any trading exchange. trends, either up or down, come and go, whether it's the stock market, commodities exchange, forex or crypto-currency exchanges.

we might as well get used to it because it never ends. if you're a professional or an amateur trader, you better accept the variance that comes with trading.

[C. Bergmann]

good point!

The common habit about bitcoin is maybe like this:
first monthe: Uah, greatest thing on earth. Buy.
second till sixth month: Ahm, why do early adopter get so rich? Why does a transaction need so much time? Why does mining waste so much power? the whole concept must fail! Sell.
seventh till month: Hey, despite all flaws, its so much better than the conventional financial system. Hold.

So, all the people startet in november / december now enter the second era of knowdledge about bitcoin ...

[Pentax]

no, it has nothing to do with new users, at least not from where I'm sitting.

speculators drove it up in the first place, and they have hopped out and will probably stay out until there seems to be some upward momentum.  It does seem to be scratching its way off the floor, but until they can expect that the overall movement is up, and will stay that way for a while, they'll sit.

right now there are not a lot of opportunities to short it, so unless you can expect it to rise, you're better off doing nothing, from a pure speculative standpoint.

[Bitcoinpro]

good point!

The common habit about bitcoin is maybe like this:
first monthe: Uah, greatest thing on earth. Buy.
second till sixth month: Ahm, why do early adopter get so rich? Why does a transaction need so much time? Why does mining waste so much power? the whole concept must fail! Sell.
seventh till month: Hey, despite all flaws, its so much better than the conventional financial system. Hold.

So, all the people startet in november / december now enter the second era of knowdledge about bitcoin ...

well said that's exactly the kind of thing i was thinking and most users would probably drop a bit of Crypto in the 2-7 month period

so as we can see someone knew that the uptake was gigantic during this time and made sure they profited off the psychology

definitely about 2 months ago their seemed to be lots of uptake and hype circling around, this also helped channel away most of the

profits people where making as they cashed their Dogecoin into BTC ready to turn back into fiat, if this scenario holds true by about

July we should see a big surge in the Price.

[tokeweed]

no, it has nothing to do with new users, at least not from where I'm sitting.

speculators drove it up in the first place, and they have hopped out and will probably stay out until there seems to be some upward momentum.  It does seem to be scratching its way off the floor, but until they can expect that the overall movement is up, and will stay that way for a while, they'll sit.

right now there are not a lot of opportunities to short it, so unless you can expect it to rise, you're better off doing nothing, from a pure speculative standpoint.

yup. but question is, will those speculators get back?  if so, when?  if not, what's the next 'big thing' in the world of crypto?

[DieJohnny]

The reason for the current market is because 8 billion is a huge market cap and price got ahead of new dollars and mining. When adoption catches up with price then up we go again parabolic like before somewhere between 800% to 1500% from whatever the floor ends up being. I think the floor will be 450, if we go up 800% from there, then next top around 3600, or higher

I do think if bitcoin% doesn't taint itself with gox probs and too many nerds making something else look better then we could see next rise be as high as 10k, but bitcoin is really killing itself right now

[Pentax]

no, it has nothing to do with new users, at least not from where I'm sitting.

speculators drove it up in the first place, and they have hopped out and will probably stay out until there seems to be some upward momentum.  It does seem to be scratching its way off the floor, but until they can expect that the overall movement is up, and will stay that way for a while, they'll sit.

right now there are not a lot of opportunities to short it, so unless you can expect it to rise, you're better off doing nothing, from a pure speculative standpoint.

yup. but question is, will those speculators get back?  if so, when?  if not, what's the next 'big thing' in the world of crypto?

yep.  I don't know if/when they'll be back.  Some yes, some no, I'd imagine.  I think we need real market drivers at this point to move the price substantially.

better exchanges, an announcement from Google/Amazon/PayPal, Wall St starts trading it, etc..  I think the speculative boom is over, people see that it can tumble, so speculation alone is not likely to drive it up to where it was again.  Bitcoin has to demonstrate it's merits on a large scale.  I do think that will happen, because fundamentally it whips ass, but that it's going to be a while, as in a year or so, as it will take that time for the infrastructure to further develop and some of these other players to hop in.  I'd be happy to be wrong, in terms of timeframe, but that's how I see it right now.