Bitcoin Price: Analyst Willy Woo Says Bears Still Have the Upper Hand

[Wind_FURY]

Bitcoin has always been a marathon. For the people who bought and expected a "quick sprint" back to ATH, be prepared to be disappointed. Or sell.

Or we can call it a journey.

That's another nice way to put it, because nocoiners have a less than nice way of describing"our journey". They believe it is like joining a cult. Hahaha.

[davinchi]

Marathon sounds kinda like it has an ending and it will take long, I do not plan on selling all my coins even if bitcoin price is a million dollars each, I will sell as much as possible but will still keep some, or even if I sell a lot it is probably like buying back from 980k or something .

Journey is more like it, journey means like there are highs and lows in the start and middle of it and there doesn't need to be an ending, it is just a journey, bitcoin is not something that you look to end, you are not into bitcoin to finally get out, no matter how much money you made or will make, it is a constant journey that is part of your life, at least a true crypto lover makes it that way.

Hence, I think a journey is a lot better than a marathon example. Of course it all depends on what you want out of bitcoin as well, if instead of getting into bitcoin, you are just looking to make money than marathon could be better but it would also go against the nature of bitcoin.

[1Referee]

all it needs is a catalyst that can put a spark in the market and bring back a little bit of that confidence and removes some greediness and then we will be on our way upwards again.

If we have the market globally increase (which is what happens when Bitcoin goes up) and people gain back their confidence, won't that automatically result in the rookies of this world to become even more greedy? I think so. People become overly bearish when the price tanks, and overly bullish when the price pumps.

We'll get that spark eventually, but there is a lot of selling pressure to get rid of, which is what makes me believe that if we head higher, it will be a slower form of growth. People have had all the time in the world to buy their coins around current levels, and they look to sell it when we go up 10, 20, 30, per cent. Good news for those who look to accumulate coins over a longer period of time.

[Wind_FURY]

Marathon sounds kinda like it has an ending and it will take long, I do not plan on selling all my coins even if bitcoin price is a million dollars each, I will sell as much as possible but will still keep some, or even if I sell a lot it is probably like buying back from 980k or something .

No. When that time comes, we won't have to sell.



Buy and hold, and spend as little of your coins as you can, saving most. The opportunity costs is too great to ignore, in my opinion. Especially when you bought your coins using fiat from work.

[Febo]

Marathon sounds kinda like it has an ending and it will take long, I do not plan on selling all my coins even if bitcoin price is a million dollars each, I will sell as much as possible but will still keep some, or even if I sell a lot it is probably like buying back from 980k or something .

No. When that time comes, we won't have to sell.



Buy and hold, and spend as little of your coins as you can, saving most. The opportunity costs is too great to ignore, in my opinion. Especially when you bought your coins using fiat from work.

Exactly. In January when I was looking to sell at least part of my stash I was thinking what I will sell it for? Euro? What should I do with it? Wait that some crash kills it out. I was looking at Gold at that time. But then BTC price went down to much for me to bother with it anymore.

Best strategy is to spend more when price is high and to buy more when price is low as now. That is the best strategy there is!!!

[gabmen]

Marathon sounds kinda like it has an ending and it will take long, I do not plan on selling all my coins even if bitcoin price is a million dollars each, I will sell as much as possible but will still keep some, or even if I sell a lot it is probably like buying back from 980k or something .

No. When that time comes, we won't have to sell.



Buy and hold, and spend as little of your coins as you can, saving most. The opportunity costs is too great to ignore, in my opinion. Especially when you bought your coins using fiat from work.

Exactly. In January when I was looking to sell at least part of my stash I was thinking what I will sell it for? Euro? What should I do with it? Wait that some crash kills it out. I was looking at Gold at that time. But then BTC price went down to much for me to bother with it anymore.

Best strategy is to spend more when price is high and to buy more when price is low as now. That is the best strategy there is!!!

Well i couldn't have thought otherwise dude. That's probably the most sound strategy one can come up with unless they're willing to take higher risk. Accumulation time for me with the market controlled by bears.

[btc_angela]

Marathon sounds kinda like it has an ending and it will take long, I do not plan on selling all my coins even if bitcoin price is a million dollars each, I will sell as much as possible but will still keep some, or even if I sell a lot it is probably like buying back from 980k or something .

No. When that time comes, we won't have to sell.



Buy and hold, and spend as little of your coins as you can, saving most. The opportunity costs is too great to ignore, in my opinion. Especially when you bought your coins using fiat from work.

Exactly. In January when I was looking to sell at least part of my stash I was thinking what I will sell it for? Euro? What should I do with it? Wait that some crash kills it out. I was looking at Gold at that time. But then BTC price went down to much for me to bother with it anymore.

Best strategy is to spend more when price is high and to buy more when price is low as now. That is the best strategy there is!!!

Well i couldn't have thought otherwise dude. That's probably the most sound strategy one can come up with unless they're willing to take higher risk. Accumulation time for me with the market controlled by bears.

For those who have learn from their past mistakes, yes this could be considered as accumulation period because the price would continue to go on a flat line. And besides we are still close to the last bottom, meaning the difference is not that much for people who wanted to buy at a very cheap price. Purchase today and let it just sit in your hardware wallet for a long time.

[pooya87]

~
Exactly. In January when I was looking to sell at least part of my stash I was thinking what I will sell it for? Euro? What should I do with it? Wait that some crash kills it out. I was looking at Gold at that time. But then BTC price went down to much for me to bother with it anymore.

Best strategy is to spend more when price is high and to buy more when price is low as now. That is the best strategy there is!!!

in my opinion there are no "best strategies" in bitcoin market. there are only bad strategies that other strategies. it is bad if for example you buy high and sell low and continue doing that each time based on emotions. otherwise doing anything else like what you said is a good strategy. someone else might say the "best strategy" is to sell when price is still higher like back in last year January so that you have a lot more money ready to buy more bitcoins when the correction happens and repeat it to increase your stake.

[davis196]

I agree that the bear market will continue (with some ups and downs) during the entire 2019.
However,I totally don't care about that.I want a bullish market somewhere around 2020 or 2021.
This will be the "bitcoin to the moon" time.

[omonuyak]

The bears are still having the upper hand in this market.  Bull are been pulling back and the bear are really still controlling the market. I think something significant has to happen for us to see any significant change in market directions.

[gabmen]

I agree that the bear market will continue (with some ups and downs) during the entire 2019.
However,I totally don't care about that.I want a bullish market somewhere around 2020 or 2021.
This will be the "bitcoin to the moon" time.

Well so far, it's obvious that that's the case. Though i won't discount the possibility of a good recovery this year. I'll concede probably the first quarter to the bears but sometimes this year we're bound to bounce back. Not exactly a bull run but enough to say that the bears are done.

[roycilik]

there are only bad strategies that other strategies. it is bad if for example you buy high and sell low and continue doing that each time based on emotions.

Exactly, that's why emotional control is needed

otherwise doing anything else like what you said is a good strategy. someone else might say the "best strategy" is to sell when price is still higher

Daily trading is more profitable (IMO), I prefer to use scalping method, 1-3% profits in a day is enough for me
I am comfortable using this method, so I don't get caught up in high prices :v

[adaseb]

The bears do have the upper hand however you need to keep in mind that the only way the bears make money is if there are organic sells on the cash exchanges like Bitstamp and Coinbase.

If the selling dries up, what will happen? Basically the bears will need to buy to close their position. I think that there is a massive amount of bears in profit when the $6000 support broke and they are still holding their short or at least part of it, if there is a rally towards the $6000 they will need to quickly cover. However no idea when this rally will start... if ever.

[iv4n]

If you have in mind that bitcoin started from 0 dollars, than even with the price of 100 dollars this is a bull market. This price now is more than alright for all the people who are in crypto for years, and now you can call them bulls or bears cause they can move amounts that can affect market, but I think there are still many factors beside them that affect price do go down or up. I will skip reading about market analyses for some time, so called experts talks to much, and just occasionally they have good prediction. Market will continue to grow, from year to year, maybe we will need to wait a bit longer for some higher prices, but what the hell, wait if you can, if you can`t than quit.

[talkbitcoin]

Bitcoin has always been a marathon. For the people who bought and expected a "quick sprint" back to ATH, be prepared to be disappointed. Or sell.

Or we can call it a journey.

That's another nice way to put it, because nocoiners have a less than nice way of describing"our journey". They believe it is like joining a cult. Hahaha.

meh, most of those who have talked negative about bitcoin have not been "nocoiners". at least all those that i have seen. they were in fact the biggest accumulators of bitcoin. i honestly have not seen anybody who has not been buying bitcoin who bothers talking about it half as much as those guys.

[deisik]

in my opinion there are no "best strategies" in bitcoin market. there are only bad strategies that other strategies. it is bad if for example you buy high and sell low and continue doing that each time based on emotions

There is a trading adage which seems appropriate here

It says that bears make money, bulls make money, pigs get slaughtered. Pigs are those who are driven by emotions in their trading decisions. At first they buy on the fear of missing out, then sell on the fear of doubt. It basically means that fear and greed are the primary emotions which are driving these wannabe traders. So if you feel insanely greedy or obsessed with fear, think before you act (or just try to think as in this state of mind you may not be able to think rationally at all). Maybe, then you won't need to act as there is time for trading as well as time for staying away from trading

[1Referee]

Market will continue to grow, from year to year, maybe we will need to wait a bit longer for some higher prices, but what the hell, wait if you can, if you can`t than quit.

Most of those who complain very likely haven't invested in stocks or other legacy assets. If they did, they would be more than happy with 10-20% monthly gains, but instead, they consider that peanuts and not worth their time, lol. People are so used to shitcoins pumping with +100% before the end of the week, that everything else is just not good enough anymore.

Most people who hold stocks for long periods of time are perfectly happy with a 5-10% annual price gain, especially in current times with how savings accounts don't yield anything anymore.

I like how this bear market makes people appreciate even the smallest gains now, because even a 1-2% gain or a stable market is better than dumping with 5-10% like what he have seen happen for quite a long period of time now. Once we're done bottoming out, we'll see the price go the other direction and people will start to gain their confidence again. That's how it always goes here.

[deisik]

Market will continue to grow, from year to year, maybe we will need to wait a bit longer for some higher prices, but what the hell, wait if you can, if you can`t than quit.

Most of those who complain very likely haven't invested in stocks or other legacy assets. If they did, they would be more than happy with 10-20% monthly gains, but instead, they consider that peanuts and not worth their time, lol. People are so used to shitcoins pumping with +100% before the end of the week, that everything else is just not good enough anymore.

Most people who hold stocks for long periods of time are perfectly happy with a 5-10% annual price gain, especially in current times with how savings accounts don't yield anything anymore

We should also take into account dividends

Many households in the first-world countries (EU and US) buy stocks not because of the possible price gains (which may or may not come) but rather because of dividends which are essentially part of the profits earned by the company. Price gain is important if you actively trade these stocks (otherwise you may not be able to monetize this gain) but that's not what common people seem to be very much interested in. So they are happy with what they get on a regular basis without doing anything (so-called passive investing)

[wuvdoll]

Dividends also eat a chunk from the profit of the company. If a company pays out dividens they are not growing in stock price. Think of it this way if a company has stocks that worth 10 dollars they can either give out 1 dollar per stock to the stock holders and that is called dividend or they can grow and worth 11 dollars in stock which is growing, some people prefer the first option whereas the others prefer the second option.

If you are the type of person who prefers the first option of dividends there is staking and masternodes in crypto for you, if you are person who are fine with the second option then buying the big cryptos like btc-eth-xrp and so forth works for you. Basically there are all kinds of crypto for all kinds of investors in this space and they can find themselves a spot here.

[deisik]

Dividends also eat a chunk from the profit of the company. If a company pays out dividens they are not growing in stock price. Think of it this way if a company has stocks that worth 10 dollars they can either give out 1 dollar per stock to the stock holders and that is called dividend or they can grow and worth 11 dollars in stock which is growing, some people prefer the first option whereas the others prefer the second option

Are you sure about that?

As far as I understand it, the market price of a company stock has no direct connection with the percentage of profits the company pays out to its stockholders as dividends (though the stocks of dividend paying companies are valued higher as dividends typically reflect profits earned)

Most likely you refer here to the fact that a company's stock typically rises in price temporarily when the company announces dividends but it doesn't work in the way you imagine it. All in all, the company can't "grow" its stock other than by earning profit (real or paper), which is then revealed in the market valuation of that company and its stock