New bear market?

[Morecoin Freeman]

Seems like this can be a new bear market to me.

Like how the price went from ~430 to ~680 in 2014, and then started to to fall for quite some time all the way to the 200's.

[1Referee]

If this is indeed a bear market, then it definitely isn't new. This has been going on for the past few weeks. I am curious to find out where it will settle before recovering. My guess is somewhere in the range of $340-$350.

[cooldgamer]

We've been in a bear market for quite a while now, people have just been in denial.  If we break through the support line there's no telling where it's going to stop.  Let the panic begin.

Inb4 'it's just a whale buy time!!!'

[BitHodler]

I am just waiting for kwukduck to confirm this.

[angaper]

All markets in general are facing a bearish bias and bitcoin is not an exception, but I don't see a larger fall beyond the $350 level. I expect a long stability from now to the halving date.

[willope]

Good, I am waiting to buy a dozen at 250$.

[Pab]

We've been in a bear market for quite a while now, people have just been in denial.  If we break through the support line there's no telling where it's going to stop.  Let the panic begin.

Inb4 'it's just a whale buy time!!!'

Yes if  bitcoin will break support level,than we can go  even to 280$   together with small panic.I think that debate  about  block scale creating confusion

[talks_cheep]

Let it drop. All those new Antminer S7 buyers are going to pay with their blood. Noobs are going to find out the truth one way or another. There's no 1k bitcoins, EVER. There's no 1m bitcoins, EVER and EVER. There's the whales and there's the bag-holders, which one are you going to be? Answer is CLEAR, if you're not a whale by now, you will always be a bag-holder.

[r0ach]

Another thread full of shill posters and people who are mad they didn't buy at $200 before the price went up.  Only reason the price is going down is due to potential hard fork.  Once the fork is resolved one way or the other, then I'll be buying back in.  Until then, I guess the price will go down, but it will instantly go back up after it's resolved.  Nobody holds coins through a potential contested fork.

[tokeweed]

If this is indeed a bear market, then it definitely isn't new. This has been going on for the past few weeks. I am curious to find out where it will settle before recovering. My guess is somewhere in the range of $340-$350.

Correct, because the run up could have been a bull trap in the first place.

[The Sceptical Chymist]

I am just waiting for kwukduck to confirm this.

But I suppose we'll have to wait until his research team gets back from lunch. 

Personally, I'd be just fine with bitcoin staying at this level for a while or even going lower.  But I would prefer it not drop back below $200, because that would sour a lot of folks on bitcoin and it'd be somewhat demoralizing.  It's resilient, though, so likely we'd bounce back.

Then again if it shot to the moon right now I would not complain.

[suda123]

Does anyone have any info about the bomb threats being called in malls, schools, etc populated areas globally?

[Wexlike]

I am just waiting for kwukduck to confirm this.

lol

[gentlemand]

Do we even need the duck thing to write anything? Surely its very existence is confirmation enough. As long as it breathes we all know where this thing is going.

[Dilla]

Bear trap before halving pump in a few months.

[DieJohnny]

bitcoin chaos when no halving pump comes.......... 

how many times have i read about the halving pump.... holy hell

NEWS FLASH, THE HALVING PUMP HAPPENED 2 MONTHS AGO.... GET OVER IT

[TReano]

depends a lot if we break 350.

People will get depressions again if this happens. Next Bear cycle would be very likely then.

[gentlemand]

bitcoin chaos when no halving pump comes.......... 

how many times have i read about the halving pump.... holy hell

NEWS FLASH, THE HALVING PUMP HAPPENED 2 MONTHS AGO.... GET OVER IT

Aw,  man. I wish someone had told me that. I would've enjoyed it more. So this year's yet another washout. Ho hum.

[Amph]

Bear trap before halving pump in a few months.

i'm calling this too, either that or accumulation phase, which already occured with those two mini pump sub 400, now stagnation until the next pump

[ashkanb]

as long as i get to buy more sub 350$ bitcoins; by all means, let the bears enjoy...
we'll see what'll happen, with the price, once the hardfork blocksize issue is resolved and halving approaches.