pooya87
Legendary
Offline
Activity: 3570
Merit: 10850
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 05:06:03 AM |
|
So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?
just because price goes down, it doesn't mean it is a bubble popping! a bubble is when price is so much higher than the intrinsic value and then it drops hard. like the $20k and the drop to $10k. not a 10% drop that in bitcoin is considered normal fluctuations! and just because you saw a drop it doesn't mean we are in a bear market. this here is more of a sideways action than a bear or bull market. price is going up and down between two prices of $9k and $12k and until it breaks either one of these lines it is going to continue being a sideways action.
|
|
|
|
Ararbermas
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 06:03:26 AM |
|
For me this is a normal correction of price and not a bubble. 'cause on my view the price will never go dip even though on this moment the price is gradually decreasing, because i believe that some of the bitcoin news around the internet is not spreading false articles which is they say that there's a tend of price to spike again on this year. So perhaps the price will rebound again soon and it will never go dip, just keep holding 'cause for sure after this correction there will be a ATH again .
|
|
|
|
magneto
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 07:35:20 AM |
|
So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?
This was not a bubble. Bitcoin actually hasn't moved up much since the start of the year. In fact we're still negative from the start of the year. Recovering from $9k to $12k barely classifies as a pump since the previous high was just $12k as well. The reason why this dump happened was not because of any sort of profit takers or the bubble popping. There wasn't one to begin with! Instead, it was mainly because people are worried about Binance and SEC's attitude towards exchanges. What I'm seeing is a definitive dip that will probably last a while, could go down a bit lower in the meantime. But eventually people will stop panicking, realise that they've made a mistake by selling, and buy back, resulting in a recovery.
|
|
|
|
tweetbit
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 07:52:37 AM |
|
At 11000$ and landed at 9000$ there is no bubble popping in my opinion. Just pure panic and investors cashing bitcoin for security. Can we expect after all the rumours, news from left to right (majority are bad) and China’s regulation about social media account banning then Binance controversial hacking incidents that is still in investigations. We would be surprised if the price hold on and increase, right?
|
HODL
|
|
|
followmenot
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 533
Merit: 251
Streamity Decentralized cryptocurrency exchange
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 08:02:36 AM |
|
I think this is just regular panic and correction according to problems with latest binance problem. I am pretty sure markets will recover around may to july and bitcoin will reach above $20000, possibly 25000.
|
|
|
|
exstasie
Legendary
Offline
Activity: 1806
Merit: 1521
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 08:27:28 AM |
|
Long term, I'm seeing two main possibilities. Scenario A: My preferred outcome is that we are in a fractal like summer 2012 or late spring 2013. If so, the correction is not over, but the lows may already be in. The plunge to $6,000 may have been the A wave of a bullish triangle. Or it could have been a W wave in a WXY consolidation. Both the 2012 and 2013 fractals had WXY structure where the initial leg down was the bottom. I believe Masterluc favors the 2012 fractal. Scenario B: The other possibility is that we are still waiting for an 80-90%+ decline from the top over 1-3 years. That the altcoin markets and Google trends are both in utter despair support that idea. Bottom at $3,000 or lower. Either way, a 90% crash is probably coming. The question for me is, will we go to $100,000 first?! ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
|
|
|
|
Rajamuda
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 09:41:51 AM |
|
I think this is just regular panic and correction according to problems with latest binance problem. I am pretty sure markets will recover around may to july and bitcoin will reach above $20000, possibly 25000.
And I'm sure after a high decline.. would causes more people to bought at a low price, that's movement is certainly a common thing that will lead to a high rising back. The price at $20k seems to be familiar if many people expect the price is back on it, your prediction may be supported by the facts, I think that it will soon be reached.. but in fact it seems the price movements is still slowly to climbing.
|
|
|
|
JMD07
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 378
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 11:41:55 AM |
|
So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?
It's just normal as it needs enough time to do a bull run and bitcoin will surprise us in the coming months as this currency has no pattern and it depends on the supply and demand in the market. Let's just wait and give others a chance to buy their bitcoin.
|
|
|
|
jimbo2000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 04:49:50 PM |
|
Long term, I'm seeing two main possibilities. Scenario A: My preferred outcome is that we are in a fractal like summer 2012 or late spring 2013. If so, the correction is not over, but the lows may already be in. The plunge to $6,000 may have been the A wave of a bullish triangle. Or it could have been a W wave in a WXY consolidation. Both the 2012 and 2013 fractals had WXY structure where the initial leg down was the bottom. I believe Masterluc favors the 2012 fractal. Scenario B: The other possibility is that we are still waiting for an 80-90%+ decline from the top over 1-3 years. That the altcoin markets and Google trends are both in utter despair support that idea. Bottom at $3,000 or lower. Either way, a 90% crash is probably coming. The question for me is, will we go to $100,000 first?! ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Altcoin markets are still up significantly over the last 6 months and google trends remain largely unchanged over the same period. If we remove December through January then the market is relatively stable and actually has a slight growth. Comparing things to the previous high is always going to lead to such conclusions.
|
███████████████████████ ▀▄ Platio ▄▀ ███████████████████████
|
|
|
iv4n
Legendary
Offline
Activity: 3262
Merit: 1180
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 05:35:26 PM |
|
Long term, I'm seeing two main possibilities. Scenario A: My preferred outcome is that we are in a fractal like summer 2012 or late spring 2013. If so, the correction is not over, but the lows may already be in. The plunge to $6,000 may have been the A wave of a bullish triangle. Or it could have been a W wave in a WXY consolidation. Both the 2012 and 2013 fractals had WXY structure where the initial leg down was the bottom. I believe Masterluc favors the 2012 fractal. Scenario B: The other possibility is that we are still waiting for an 80-90%+ decline from the top over 1-3 years. That the altcoin markets and Google trends are both in utter despair support that idea. Bottom at $3,000 or lower. Either way, a 90% crash is probably coming. The question for me is, will we go to $100,000 first?! ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Altcoin markets are still up significantly over the last 6 months and google trends remain largely unchanged over the same period. If we remove December through January then the market is relatively stable and actually has a slight growth. Comparing things to the previous high is always going to lead to such conclusions. Great observation, I will remember that " comparing things to the previous high always will lead to wrong conclusions ". Like always wishing new ATH, everyday new ATH, people would like price to rise all the time and they just to pick up profit when ever they wish, people are fools. I don't believe in any of this scenarios, rarely I see some scenario to come true. Bitcoin is constantly surprises us and in if we watch bitcoin trough the years that surprises are more positive then negative that trend will last in the future too. Bitcoin is not a bubble, bitcoin price can't be bubble that popped. Its just ordinary market fluctuations get use to that.
|
|
|
|
reliable
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 05:46:37 PM |
|
Long term, I'm seeing two main possibilities. Scenario A: My preferred outcome is that we are in a fractal like summer 2012 or late spring 2013. If so, the correction is not over, but the lows may already be in. The plunge to $6,000 may have been the A wave of a bullish triangle. Or it could have been a W wave in a WXY consolidation. Both the 2012 and 2013 fractals had WXY structure where the initial leg down was the bottom. I believe Masterluc favors the 2012 fractal. Scenario B: The other possibility is that we are still waiting for an 80-90%+ decline from the top over 1-3 years. That the altcoin markets and Google trends are both in utter despair support that idea. Bottom at $3,000 or lower. Either way, a 90% crash is probably coming. The question for me is, will we go to $100,000 first?! ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Altcoin markets are still up significantly over the last 6 months and google trends remain largely unchanged over the same period. If we remove December through January then the market is relatively stable and actually has a slight growth. Comparing things to the previous high is always going to lead to such conclusions. Altcoins have fallen badly in past 2 months. Btc on other hand was becoming better as crossed 10500 last week and looks good suddenly today it has started to breach 9200$ as well which is little worry sign. Though it not expected to go much dip now but still if people started to sell then the pressure would be too much.
|
|
|
|
Denker
Legendary
Offline
Activity: 1442
Merit: 1016
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 06:06:31 PM |
|
Long term, I'm seeing two main possibilities. Scenario A: My preferred outcome is that we are in a fractal like summer 2012 or late spring 2013. If so, the correction is not over, but the lows may already be in. The plunge to $6,000 may have been the A wave of a bullish triangle. Or it could have been a W wave in a WXY consolidation. Both the 2012 and 2013 fractals had WXY structure where the initial leg down was the bottom. I believe Masterluc favors the 2012 fractal. Scenario B: The other possibility is that we are still waiting for an 80-90%+ decline from the top over 1-3 years. That the altcoin markets and Google trends are both in utter despair support that idea. Bottom at $3,000 or lower. Either way, a 90% crash is probably coming. The question for me is, will we go to $100,000 first?! ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Scenario B is a bit too much imo. There's no reason why we should see 1-3 year bear market without any big technical failure in the protocol or at least 2-3 major exchanges getting totally rekt. 2014 was a big acceptance due to Mt. Gox being the exchange leader at that time. 75% of the trading volume was on Gox back in the days. So a huge failure point. Right now even a Tether desaster wouldn't suppress the market that long imo.
|
|
|
|
South Park
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 06:20:20 PM |
|
So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?
After the crash in 2013 the bear market lasted for more than 2 years but that was a catastrophic crash that happened because of the Mt Gox exchange going down with the money of its customers, the only thing I can say to you is that you need to wait and hold it is not easy but as you can see with the recent pump in the price that happened in December of the last year the wait can be worth it.
|
|
|
|
Coffee135
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 06:29:13 PM |
|
Now a lot of very large players appear in the cryptocurrency market. They concentrate in their hands a lot of capital. This will make the market more unpredictable. We have to be ready for these races will be familiar to us. It doesn't scare me. Each of us can make money of it. But for this you should always have a reserve not to sell the coins at the bottom of the candle.
|
|
|
|
serjent05
Legendary
Offline
Activity: 2968
Merit: 1276
Up to 300% + 200 FS deposit bonuses
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 07:56:45 PM |
|
Now a lot of very large players appear in the cryptocurrency market. They concentrate in their hands a lot of capital. This will make the market more unpredictable. We have to be ready for these races will be familiar to us. It doesn't scare me. Each of us can make money of it. But for this you should always have a reserve not to sell the coins at the bottom of the candle.
Yes, the current crash in price should not affect us. We have seen Bitcoin to recover several time and it will recover soon too. Some believe that this crash is just another sign that bitcoin will skyrocket again. And I also believe that kind of analogy. All we have to do is to hodl until we got the aim price to sell our Bitcoin.
|
|
|
|
harizen
Legendary
Offline
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 08:04:50 PM |
|
So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?
People nowadays especially the new gamers really worried if bitcoin price went down for let's say around $1,900 in 3 days without realizing that bitcoin price also went up even way higher than the mentioned amount in just few hours or days. The only one that will mark on their mind is how the price decrease and not how much the price increase. Come on, bitcoin price behaviour is not what you think that will always be uptrend. Even it has lots of positive speculations for long term goals, it's impossible that on the way, it will not experienced any price dips. Rather than worrying and stressing yourself about that, just watch it calmly and patiently since Im sure you are also holding. No one knows what will happened so better put a shot in risks of holding and for the meantime you can play with other coins.
|
|
|
|
ar-Ray
Newbie
Offline
Activity: 7
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 08:09:13 PM |
|
Right now there was no bubble and nothing has popped. The previous bottom on Feb 25 was lower than this one, so if we don't fall below that one it's still a bullish pattern. As long as the lowest points are higher as time goes by it's a good sign. I suspect there were 2 things that might cause this dump. 1 is the news about the Gox money being put on auction and 2 is the problem with binance. When they sort it out the price will go back up.
FUDsters and enemies of bitcoin are trying to cause fluctuations, but if a majority of users don't panic, their efforts will not be as successful as it was in late January-February.
|
|
|
|
richminded
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 09:17:34 PM |
|
I think this is just regular panic and correction according to problems with latest binance problem. I am pretty sure markets will recover around may to july and bitcoin will reach above $20000, possibly 25000.
In addition to this, whales sold his holdings and continues to do it, I believe this is just a temporary downfall because bitcoin is on the sideways who keep on dumping and pumping. I agree that bitcoin can bounce back in the right time so don’t panic, this is now normal for bitcoin to go down after a pump.
|
|
|
|
maku
Legendary
Offline
Activity: 1288
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 09:18:11 PM |
|
Blame the news as usual - people are always reacting too harsh to any sign of bearish info. So it is not that surprising the bitcoin dropped at the sign of problems with Binance and technical issues at BitMEX. The recent info shared by SEC didn't help us either. We entered bullish market...
|
|
|
|
exstasie
Legendary
Offline
Activity: 1806
Merit: 1521
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 08, 2018, 10:12:16 PM |
|
Long term, I'm seeing two main possibilities. Scenario A: My preferred outcome is that we are in a fractal like summer 2012 or late spring 2013. If so, the correction is not over, but the lows may already be in. The plunge to $6,000 may have been the A wave of a bullish triangle. Or it could have been a W wave in a WXY consolidation. Both the 2012 and 2013 fractals had WXY structure where the initial leg down was the bottom. I believe Masterluc favors the 2012 fractal. Scenario B: The other possibility is that we are still waiting for an 80-90%+ decline from the top over 1-3 years. That the altcoin markets and Google trends are both in utter despair support that idea. Bottom at $3,000 or lower. Either way, a 90% crash is probably coming. The question for me is, will we go to $100,000 first?! ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Scenario B is a bit too much imo. There's no reason why we should see 1-3 year bear market without any big technical failure in the protocol or at least 2-3 major exchanges getting totally rekt. 2014 was a big acceptance due to Mt. Gox being the exchange leader at that time. 75% of the trading volume was on Gox back in the days. I disagree. It's just supply and demand. Catalysts like exchange failures just speed things along. I never bought the "MT Gox collapse caused the 2-year bear market" narrative. That was just what hodlers told themselves to weather the storm. From the perspective of Gartner hype cycles and Wyckoff market cycles, a 2-year bear market was perfectly normal after 2013. Also, I think this narrative really downplays the importance of China to the market at that time. It would be perfectly normal now too, from the perspective of time and cyclical price action (source: 5 years as a trader). Bitcoin's bullish fundamentals do often override conventional market analysis, but not always.
|
|
|
|
|