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Author Topic: Bearish market over.  (Read 634 times)
pooya87
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September 17, 2017, 04:30:51 AM
 #21

i am not sure we can exactly call the ongoing thing a "bear" market to start or end! it was a special thing, exclusive to bitcoin only! some FUD was spread then some more people like the JPMorgan CEO took advantage and spread some more FUD and because bitcoin market is filled with a lot of newbies the weak hands are always there to act and price fell hard.
a bear market is usually a longer one when price keeps going down, not just a big dump to push it down.

for now the price seems to have found a stable price to stay at. if it stays there and doesn't fall we can say it is officially over now.

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nicster551
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September 17, 2017, 05:05:04 AM
 #22

i am not sure we can exactly call the ongoing thing a "bear" market to start or end! it was a special thing, exclusive to bitcoin only! some FUD was spread then some more people like the JPMorgan CEO took advantage and spread some more FUD and because bitcoin market is filled with a lot of newbies the weak hands are always there to act and price fell hard.
a bear market is usually a longer one when price keeps going down, not just a big dump to push it down.

for now the price seems to have found a stable price to stay at. if it stays there and doesn't fall we can say it is officially over now.
Yes there are a lot of newbies in the market now that can cause the price of bitcoin going down because they have an weak hands and not fully knowledgeable in the normal move in the market we're there is a panic Selling and they think it will continue but someone are waiting to it's lowest price and pump it again.
bengems
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September 17, 2017, 05:40:32 AM
 #23

As of now it seems like bearish is over, but you just can't tell, news in crypto is unplanned and happens so fast unlike in forex. So be prepared and wait for better or worse

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September 17, 2017, 08:53:02 AM
 #24

there still any possibility for bitcoin to go down because we don't know what will happen later. but for now, I think bitcoin will recover for a little and the price it seems want to increase. I see in the market, fast movement from the order buy and sell and I hope that the price is not going down again like before.



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