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Author Topic: Very strong bear market is back.  (Read 157 times)
cryptokwuk
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June 22, 2018, 01:38:45 PM
 #1

This is it, every single indicator that offered some hope for the bulls has been broken.
We have now entered into a very strong and confirmed long term bear market.

No, this is not a BUY NOW warning, this is a SELL NOW warning.
Maybe consider to buy back when it reaches around $3500 maybe and more around $1000. It's a matter of weeks or few months at best for a better opportunity.
For now it will be a slaughterhouse like never before. 80% of the coins being dumped now are from long term holders, they want OUT!

Guess what that means, ask yourself, why do the biggest supporters of bitcoin want out?!
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June 22, 2018, 01:58:14 PM
 #2

This is it, every single indicator that offered some hope for the bulls has been broken.
We have now entered into a very strong and confirmed long term bear market.

No, this is not a BUY NOW warning, this is a SELL NOW warning.
Maybe consider to buy back when it reaches around $3500 maybe and more around $1000. It's a matter of weeks or few months at best for a better opportunity.
For now it will be a slaughterhouse like never before. 80% of the coins being dumped now are from long term holders, they want OUT!

Guess what that means, ask yourself, why do the biggest supporters of bitcoin want out?!
This is common dump of crypto market so don't think negative this will move to forward soon. Every peoples are thinking bad reviews of cryptocurrency then how it will grow forward. I hope after fifa world cup this will grow rapidly because all the peoples are thinking wrongly in crypto future this will move downward. So try to trust the crypto platform then only it will raise soon.

   
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June 22, 2018, 02:01:58 PM
Merited by LFC_Bitcoin (1)
 #3

back again, huh?

you could well be right this time. it's looking like a no brainer.

where would any of us be if we'd listened to you in the past? the gutter.
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June 22, 2018, 02:02:42 PM
 #4

Hi kuwkduck! Long time no see. I thought a drop in valuation would bring you back. lol

Still advising people to "SELL SELL" based on fear? That did not work out well for you when you sold for... what $200USD. Ouch. I would estimate I made $5Mil. ignoring you last year alone.

P.S. Although we are clearly in a bear market. You are right about that.

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June 22, 2018, 02:10:30 PM
 #5

The bear market started in January and not today ...
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June 22, 2018, 02:13:51 PM
 #6

The bear market started in January and not today ...


It was in December. It was right before Christmas.

I think we are going straight to 4.8k, but I'm still not sure if I should buy or not. I still think we will reach the 3000's area before August.

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June 22, 2018, 02:33:45 PM
Merited by RodeoX (2)
 #7

I think we are going straight to 4.8k, but I'm still not sure if I should buy or not. I still think we will reach the 3000's area before August.
It doesn't hurt to spread buys. I am done buying for this month, unless it dips below $6000 in a worthy enough manner. The few % differences aren't that important for me since I will hodl them for a very long time.

If it ever goes below the $4000 mark I am sure to allocate a significant amount of my free to invest capital to buy Bitcoin in the most effective way. At that point it's all or nothing for me. It's serious business.

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June 22, 2018, 03:07:59 PM
Merited by Tzupy (1), Herbert2020 (1)
 #8

Bitcoin is no longer a Bull or a Bear market, it is a sheep shearing market.

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June 22, 2018, 03:10:27 PM
 #9

It seem we are back to a very gloomy bearish market, market dipped again and market cap is nearing a 250b$ cap. The worst in recent times
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June 22, 2018, 04:00:32 PM
 #10

Many traders were selling of through out today because of the fear that MtGox are going to announce another sell off but the opposite was the case here and since they have stop sale off I think bitcoin is going to be on the part of recovery any moment from now.  The strong bearish is over and I can predict a reverse of the whole thing.

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June 22, 2018, 04:13:00 PM
 #11

This is it, every single indicator that offered some hope for the bulls has been broken.
We have now entered into a very strong and confirmed long term bear market.

No, this is not a BUY NOW warning, this is a SELL NOW warning.
Maybe consider to buy back when it reaches around $3500 maybe and more around $1000. It's a matter of weeks or few months at best for a better opportunity.
For now it will be a slaughterhouse like never before. 80% of the coins being dumped now are from long term holders, they want OUT!

Guess what that means, ask yourself, why do the biggest supporters of bitcoin want out?!
You are being too much pessimistic at this point.

Since, the price has fallen below $6600 which confirms a rising wedge breakdown. But that doesn't mean that we are going directly to $3500 let alone $1000. This bearish reversal can take price to $5000. But it can retraces its path back to $6000. Supports are strong enough to not take price below $5k in any circumstances. Moreover, I have been reading reports stating institutional money is set to enter the market. If that happens, market will witness a brilliant bullish phase. Market manipulation is all time high but that doesn't mean that Bitcoin is awaiting such a drop.
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June 22, 2018, 04:23:01 PM
 #12

Aaayyye. Is it FUD season already?

Topic: Very strong bear market is back.
"Bear market is back". You obviously don't know what you're talking about. We are already in a bear market for half a year already. It has never left yet since late December.

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June 22, 2018, 04:52:19 PM
 #13

Unfortunately this bearish market is back to the market. But still we hope it will raise again in crypto market so current dump is not a permanent issue and majority of the crypto hunters use this dump. I think this scenario some peoples are afraid in crypto investment so next hype is really unpredictable in the market.

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June 22, 2018, 04:53:40 PM
 #14

Is this the same Duck that always spouting FUD all over the forum when the price is undoubtedly going down? Well we can never expected a more faster comeback in this market and I don't really think we are stock in just being a bear market, And because of the recent negative news that are happening in the Cryptocurrency market, From the hacking and news that certain country will always limit their involvement with Cryptocurrency I really think that is a more reliable explanation regarding the intense bear market we are experiencing right now, But aside from this I will never sell my bitcoin because I already did sell just a half of it.














 

 

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June 22, 2018, 08:48:37 PM
 #15

This is it, every single indicator that offered some hope for the bulls has been broken.
We have now entered into a very strong and confirmed long term bear market.

No, this is not a BUY NOW warning, this is a SELL NOW warning.
Maybe consider to buy back when it reaches around $3500 maybe and more around $1000. It's a matter of weeks or few months at best for a better opportunity.
For now it will be a slaughterhouse like never before. 80% of the coins being dumped now are from long term holders, they want OUT!

Guess what that means, ask yourself, why do the biggest supporters of bitcoin want out?!

What do you mean by back again? Looks like bear market has not shown any signs of reversing to the bull market.
The difference between $3500 and $1000 is huge, where are those numbers are from?

I am waiting for $5850 (futures cannot be traded if market cap is lower than $100bn), if we will go below, oh dear, who knows how low we can go afterwards then..

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June 22, 2018, 09:06:46 PM
 #16

When was it gone? A really weak bounce after some good news was mostly a bear sign. The volume is also just so low, why would anyone think the bear market was over? We are not even close to change the daily lower highs.

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June 22, 2018, 09:58:29 PM
 #17

Why are you so worried about this? i think that the bear market is good if you know how to buy and how to invest, otherwise it is bad of course

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June 22, 2018, 11:57:12 PM
 #18

This is it, every single indicator that offered some hope for the bulls has been broken.
We have now entered into a very strong and confirmed long term bear market.

No, this is not a BUY NOW warning, this is a SELL NOW warning.
Maybe consider to buy back when it reaches around $3500 maybe and more around $1000. It's a matter of weeks or few months at best for a better opportunity.
For now it will be a slaughterhouse like never before. 80% of the coins being dumped now are from long term holders, they want OUT!

Guess what that means, ask yourself, why do the biggest supporters of bitcoin want out?!

Hasn't bitcoin entered a bear market ages ago? Why are you only starting to realise now?

Bitcoin has only temporarily made a recovery a month ago or so, where it failed to breach the $10k resistance. Other than that, prices have been in decline since the end of 2017. Not sure why you're saying sell now.

In fact, I think that selling now would be a terrible decision to make, but most of the market will continue to do so feeding into the panic. I see this as an excellent buying opportunity for those who want to take advantage of the lower prices. sub-$6k is way too low for selling to work as a profitable thing to do. Even if prices do go down further, it's not going to be by much, nor is it going to be easy to time the exact floor.

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June 23, 2018, 05:42:57 AM
 #19

Aaayyye. Is it FUD season already?

whenever FUD is at its hottest, it usually means the bear market is coming to an end and there are certain people who are getting desperate to fill their orders, close their shorts,... since they have been losing money they start a desperate FUD campaign with a lot of their alt accounts because they think they can cause panic LOL.
of course i would have loved to see the original kuwkduck because he is always a solid signal for the end of the drops without any mistake in the past 9 years, but we now have this kuwkduck-copycat here who is doing the same thing.

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June 23, 2018, 06:00:08 AM
 #20

Hi kuwkduck! Long time no see. I thought a drop in valuation would bring you back. lol

Still advising people to "SELL SELL" based on fear? That did not work out well for you when you sold for... what $200USD. Ouch. I would estimate I made $5Mil. ignoring you last year alone.

P.S. Although we are clearly in a bear market. You are right about that.

You already know the drill. If kwukduck spreads the FUD, the pump is very near. Hahaha.

This is it, every single indicator that offered some hope for the bulls has been broken.
We have now entered into a very strong and confirmed long term bear market.

This is a bear market we are willing to take hard. We do not have to follow you just because you already sold your coins. Or maybe you are spreading FUD again because you want to buy more cheap coins. Hahaha.

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No, this is not a BUY NOW warning, this is a SELL NOW warning.

We are following the "law of kwukduck" which is to do the opposite of what he advices.

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Maybe consider to buy back when it reaches around $3500 maybe and more around $1000. It's a matter of weeks or few months at best for a better opportunity.

Is that your target price to buy? See? Bitcoin is not dead! Cool

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For now it will be a slaughterhouse like never before. 80% of the coins being dumped now are from long term holders, they want OUT!

Guess what that means, ask yourself, why do the biggest supporters of bitcoin want out?!

Good. It will decrease the big holders in Bitcoin's rich list and improve distribution.


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