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Author Topic: Bitcoin might continue Bear market for another 1-2 months?????  (Read 249 times)
ManishJ
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March 09, 2018, 01:30:21 AM
 #1

I was expecting a run up in March atleast but it doesn't looks like it's going 13k-15k levels. Also, April is start of new financial year, so I am expecting a drop in April too, many countries will/have announced their budget and new regulations near April.
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March 09, 2018, 05:28:22 AM
 #2

Guessing what the price of Bitcoin is going to be in 2 months is just wild speculation. Looking at the charts from last year, the market was moving sideways till May, and everything started really booming then. If things repeat, then we can expect something similar this year, but its really impossible to say. Every year could be different.
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March 09, 2018, 06:01:20 AM
 #3

March was just started and this is the first quarter of it. and we can't really call it a "bear market" yet. it is a weird sideways market in my opinion and nobody can predict where the price is going to go it keeps jumping up and down and doing nothing else.

right now thanks to the big FUD that has been going around the "down" part is getting a little bigger than it should have been.

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timerland
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March 09, 2018, 06:41:21 AM
 #4

I was expecting a run up in March atleast but it doesn't looks like it's going 13k-15k levels. Also, April is start of new financial year, so I am expecting a drop in April too, many countries will/have announced their budget and new regulations near April.

This is classic panic selling and I don't think that we're going to go under $7k in this dump.

It could last for 1-2 months before a recovery. I think that most likely though, it will recover before the end of the month to above $10k once again. This was not a sign of a bubble bursting or whatever, it's because of panic sellers looking at the news and taking it for face value without thinking about whether there is any implications for bitcoin in the long term resulting from this.

So this 'doom and gloom' bear  arket where everyone is screaming bitcoin's bursted will last for at least a week more I think, before finding a floor at around $8k. And then there could be a bull market again taking us up to $11-12k, but not much beyond that.

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March 09, 2018, 07:08:43 AM
 #5

I was thinking we’d seen the worst but it doesn’t look like we’re out of the woods yet. There seems to be a concerted effort to keep the price down unforrunately.




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March 09, 2018, 07:45:28 AM
 #6

I’m one of those person who occasionally talks about price in daily basis because monitoring it cause more stress than satisfaction. Hold in long term would be the answer on every thread complaining such decreases, we won’t be worthy of a profit when we are impatient. 1-2 months bearish market or more are nothing when you can handle a one year long term hold or less for a bullish run.
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March 09, 2018, 08:14:31 AM
 #7

I was expecting a run up in March atleast but it doesn't looks like it's going 13k-15k levels. Also, April is start of new financial year, so I am expecting a drop in April too, many countries will/have announced their budget and new regulations near April.
In March there was no clarity about the bitcoin (stable) price increase that is still squared for bitcoin users to buy when the price actually goes up. a stable market can lift bitcoin prices slowly every month, suggesting that mid-year and year-end there will be an increase again for bitcoin, especially bitcoin trends everywhere as a result will all be used as investment or storage, and big players are also still in recovery .

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March 09, 2018, 08:16:37 AM
 #8

I was thinking we’d seen the worst but it doesn’t look like we’re out of the woods yet. There seems to be a concerted effort to keep the price down unforrunately.
I think so, Investment and trading bitcoin is thin difference. I guess anyone who intends to invest in bitcoin by automatic he/she is definitely trading. I mean, if at first he has a long term investment strategy, when bitcoin prices go down like now then they will do like trading, sell and buy it at a low price. So they didn't do long-term hodl, sometimes in the current situation they swap it.

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March 09, 2018, 08:29:30 AM
 #9

I was expecting a run up in March atleast but it doesn't looks like it's going 13k-15k levels. Also, April is start of new financial year, so I am expecting a drop in April too, many countries will/have announced their budget and new regulations near April.

This cup and handle we all saw, was a classic bulltrap after the mega run of last year.
Gentlemen we will need much more patience imo.
Hodl tight and stay away from the charts if inside you the feeling of not being able to take the pain anymore is growing.
Maybe take a timeout from crypto and do something else meanwhile.
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March 09, 2018, 08:33:20 AM
 #10

I was expecting a run up in March atleast but it doesn't looks like it's going 13k-15k levels. Also, April is start of new financial year, so I am expecting a drop in April too, many countries will/have announced their budget and new regulations near April.

many possibilities could happen with bitcoin and we are still at $9k-$11k for the price and maybe the price will increase after april but I hope in this march, we can see the price will back to increase although it is not too high. many people still waiting for the price and many of us predict that bitcoin could increase more than $20k in this year. so I think we can only prepare and still waiting for the price and let see what will happen in the next month.
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March 09, 2018, 08:55:03 AM
 #11

I was expecting a run up in March atleast but it doesn't looks like it's going 13k-15k levels. Also, April is start of new financial year, so I am expecting a drop in April too, many countries will/have announced their budget and new regulations near April.
Unfortunately the price of bitcoin is falling again and it looks like will fall hardly again so this months also a red month for bitcoin and also the April too.Because there is an announcement that exchanges will be regulated and the regulations from many countries.SO hold your coins tightly and buy more coins if possible.

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March 09, 2018, 09:02:00 AM
 #12

Bear markets can last a long time. The last time bitcoin had a bear market it took three years to recover the previous high. The bear doesn't turn till the last bull has capitulated. The fact that so many people still expect bitcoin to go back to $15k in a few months means that capitulation hasn't yet happened.

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March 09, 2018, 09:09:46 AM
 #13

Bear markets can last a long time. The last time bitcoin had a bear market it took three years to recover the previous high. The bear doesn't turn till the last bull has capitulated. The fact that so many people still expect bitcoin to go back to $15k in a few months means that capitulation hasn't yet happened.

Exactly! All the cab drivers and bartenders who invested in bitcoin hoping easy riches need to be squeezed dry first. 2-3 years is enough for them needing to access theyr crypto investments for paying rent etc. The Squeeze of the Avarage Joe is the lifeline of bitcoin.

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March 09, 2018, 10:19:45 AM
 #14

I was thinking we’d seen the worst but it doesn’t look like we’re out of the woods yet. There seems to be a concerted effort to keep the price down unforrunately.

We require good sentiments now in the market for the some positive upward movement to happen which will help everybody confidence to be back and start investing in cryptocurrency again as people are keeping away regarding few concerned raised by the top CEO of the world. We needs to reduce this gap which will also encourage more users to buy and hold or spend this virtual currency,


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March 09, 2018, 01:53:42 PM
 #15

I was thinking we’d seen the worst but it doesn’t look like we’re out of the woods yet. There seems to be a concerted effort to keep the price down unforrunately.

We require good sentiments now in the market for the some positive upward movement to happen which will help everybody confidence to be back and start investing in cryptocurrency again as people are keeping away regarding few concerned raised by the top CEO of the world. We needs to reduce this gap which will also encourage more users to buy and hold or spend this virtual currency,



Well it's not only bad news but dumping of 400m worth of btc definitely would have an effect on the marker. And it probably isn't done yet. So there'a a chance that the bear market will weigh a bit more at least for the first half of this year than the bulls.

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March 09, 2018, 01:57:08 PM
 #16

Difficult to predict but a real bear market could be years..........

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March 09, 2018, 08:47:23 PM
 #17

I was thinking we’d seen the worst but it doesn’t look like we’re out of the woods yet. There seems to be a concerted effort to keep the price down unforrunately.

We require good sentiments now in the market for the some positive upward movement to happen which will help everybody confidence to be back and start investing in cryptocurrency again as people are keeping away regarding few concerned raised by the top CEO of the world. We needs to reduce this gap which will also encourage more users to buy and hold or spend this virtual currency,



Well it's not only bad news but dumping of 400m worth of btc definitely would have an effect on the marker. And it probably isn't done yet. So there'a a chance that the bear market will weigh a bit more at least for the first half of this year than the bulls.


Agree, April will have more FUDS....Though it's going to get regulated in few countries soon,maybe near start of new financial year.
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March 09, 2018, 09:20:03 PM
 #18

If this your predictions becomes reality then we should continues buying instead of selling as a micro holder. Bitcoin may have a very bad years in this 2018 and that is the reality we may stay with. But now that we have bearish market it is seeing God is helping us to get more up by buying now.

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March 09, 2018, 09:29:29 PM
 #19

Difficult to predict but a real bear market could be years..........

Its possible because this happen in the past when bitcoin was in the bear market and it took years to go up. But I expect bitcoin to bounce this year, I’m still bullish lets just be more patience and everything will be fine.
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March 09, 2018, 10:19:32 PM
 #20

I was expecting a run up in March atleast but it doesn't looks like it's going 13k-15k levels. Also, April is start of new financial year, so I am expecting a drop in April too, many countries will/have announced their budget and new regulations near April.
If you are a bitcoin user then you have to keep believe on bitcoin and have to support bitcoin. If we will support bitcoin then no one can make any harm to the price of bitcoin and in the coming weeks and months you will see the price of bitcoin increasing to a higher value. But if you will not support bitcoin and estimate from yourself that it cannot go higher then other people will also afraid and will unable to get the benefit of bitcoin.


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