Something people don't seem to understand

[yokosan]

The reason the price is going down is because the same people that were buying when it was going up are now selling.

We are now in a bear market.

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[Frost]

Does that mean more freefall soon?

[yokosan]

Does that mean more freefall soon?

Nope, just a few minor rebounds and a long slow slide.

[proudhon]

The reason the price is going down is because the same people that were buying when it was going up are now selling.

We are now in a bear market.

[giarc]

Does that mean more freefall soon?

Nope, just a few minor rebounds and a long slow slide.

I'm not sure, a large collapse isn't impossible. In fact it would be better for bitcoin to have a quick large collapse hopefully leading to a faster recovery rather than wasting a year in a long bear.

But I'd agree it will likely be a prolonged bear market.

[Rampion]

Does that mean more freefall soon?

Nope, just a few minor rebounds and a long slow slide.

I'm not sure, a large collapse isn't impossible. In fact it would be better for bitcoin to have a quick large collapse hopefully leading to a faster recovery rather than wasting a year in a long bear.

But I'd agree it will likely be a prolonged bear market.

I don't foresee a prolonged bear market. I guess there are quite a few earlier adopters with well above +5.000BTC each that will immediately cash out a significant part of their stash as soon as a continued downtrend pattern looks likely. Just to secure some profit because hey, everybody can enjoy a few hundred thousands dollars.

This means quick decline. We need that. We need cheap coins and a sustainable growth rate

[giarc]

Does that mean more freefall soon?

Nope, just a few minor rebounds and a long slow slide.

I'm not sure, a large collapse isn't impossible. In fact it would be better for bitcoin to have a quick large collapse hopefully leading to a faster recovery rather than wasting a year in a long bear.

But I'd agree it will likely be a prolonged bear market.

I don't foresee a prolonged bear market. I guess there are quite a few earlier adopters with well above +5.000BTC each that will immediately cash out a significant part of their stash as soon as a continued downtrend pattern looks likely. Just to secure some profit because hey, everybody can enjoy a few hundred thousands dollars.

This means quick decline. We need that. We need cheap coins and a sustainable growth rate

Definitely agree on the fast collapse being best, current growth rates are crazy.