Seems to me Bitcoin is getting over the bear sh*t

[kryptqnick]

There were some big news and happenings that could've dragged the price way down but they didn't, tho we took a hit but not as many expected.
In all, I can say that the drop in the last 24-48 hours could've been scary but it got a support.

That might be true, but I am not sure it means that the bearish trend is over. We can hope that Bitcoin hit ATL, but I don't see any perspectives for the price climbing up. Moreover, the $6.5k barrier was very resistant towards bad news for some time as well, so perhaps it's just not the kind of news to some the price go down... And until we see the price at least getting to the previous level of most of 2018, I don't think we are reasonable in being positive about soon recovery. Perhaps the Bakkt release and Japanese experiment would do that trick.

[Upgrade00]

I have noticed over the years that as bitcoin matures as a currency it is more likely resists price manipulations. This is also evident in higher stability in the value which some call a stagnant market.
The bearish trend is not over yet, we would need an actual price surge above $5000 to entertain any discussions on that.

[Slow death]

-VanEck ETF was withdrawn and market was quite like the cemetery. No response

Breaking: CBOE Re-Files Bitcoin ETF Application Following End of Government Shutdown

they are back

- Craig Wright also sid his thing same as the last time we consolidated and he earned insults instead this time

forget faketoshi, because he wants to destroy bitcoin

In all, I can say that the drop in the last 24-48 hours could've been scary but it got a support.

we're still struggling to stay above $3300, so it's too early to celebrate

[lutfi-hasan]

A bit of patience my friend. Bitcoin always goes through phases lile this when everybody is near suicidal.
The price wilp definitely pick up in around 6 months.

Relax.

Yes right, these people seem impatient in their lives, if we continue to want profits without thinking of losses, then we don't live in this world, because life in the world is very bitter and sweet, for now we are in a time of sadness due to continued down, but this is not the end of Bitcoin.

[Eildosa]

How low would not fall bitcoin it have will still get support. Large investors will not allow to lower the price lower than necessary. Now bitcoin is more or less stable, but I think that we still expect a strong drawdown. I don't know when, I'm not good at predicting, but we'll see what happens.

[xbossJ]

Been a while I paid attention to the crypto market seems we have a bottom! Don't think there would be a further fall before the interest returns and sparks a bull. Kudos to all Hodlers and believers.

[CaVO32]

A bit of patience my friend. Bitcoin always goes through phases lile this when everybody is near suicidal.
The price wilp definitely pick up in around 6 months.

Relax.

Yes right, these people seem impatient in their lives, if we continue to want profits without thinking of losses, then we don't live in this world, because life in the world is very bitter and sweet, for now we are in a time of sadness due to continued down, but this is not the end of Bitcoin.

absolutely this is not the end of bitcoin. now that more and more shops are accepting crypto payments as well as more real blockchain projects are being introduced in the community, we have high hopes that bitcoin will rise again.

[jessyj48]

I've been impressed so far that bitcoin can still manage to keep the 3000plus in price till Feb 1 ,I thought it will fall further down to 2000$ mainly because of the postpones of the good news in January ,I'm talking about bakkt and ETH upgrade ,bitcoin is really getting stronger

[jpnl0005]

Well its good to be very hopeful but a little bit of patience the year is just starting and it could probably take months for the bitcoin to gain a little bit of stability the price is just fluctuating for the now a little more pateince

[kelz1]

VanEck has resubmitted their etf application and another group has also done it as well. With two being submitted today it is safe to say that the future is looking good for bitcoin and institutional investors

[yesyes18]

Bitcoin hasn't even yet gotten over $3500 and we want it to get over the bearish market that is a futile hope.
All the event that you mentioned has not impacted on the market positively to predict a bull run

It seems yoy didn't get my message but I wasn't saying it wss an impact for a bull run. I said they could've caused a huge dump because we alk witnessed what happened when Craig and his crew caused panic but this time, we saw all those indicators at a consolidation but we got sone support.
Anyway as everyone is saying, it's still very early to tell. We need more time and months to confirm the end of a bear season.

[teejayrichard2]

well you may be right but no one can tell for sure if bitcoin is getting over the bear market yet. the price seems to fluctuate with a certain price for now. no one knows for sure what will happen to the price of bitcoin in time coming

[hirngespenst]

A bit of patience my friend. Bitcoin always goes through phases lile this when everybody is near suicidal.
The price wilp definitely pick up in around 6 months.

Relax.

Though I respect your opinion, but I don't think the price will pick up in 6 months! Bitcoin bearish situation has been running for 1 year! Every month's people kept saying next month, that month, at the end Bitcoin price will increase. But In every month of 2018, bitcoin went to down! So, here 6 months or 1-year strategy won't work anymore. I think it will take more time.

[xWolfx]

I have noticed over the years that as bitcoin matures as a currency it is more likely resists price manipulations. This is also evident in higher stability in the value which some call a stagnant market.
The bearish trend is not over yet, we would need an actual price surge above $5000 to entertain any discussions on that.

Yeah this can be truth, just like it happens with a lot of the fiat currencies right now. Manipulating the price of one takes a lot of contacts in a lot of different positions for that to happen and not just anyone can do that. I saw it really carefully in Venezuela during this last few years especially.

Let's wait for the rise but i have faith it will go up eventually, when? Cryptocurrency is extremely hard to predict, most predictions always fails that is another aspect that makes it really interesting.

[boyptc]

Woop woop. The bear's not over but dramas and emotional commentaries are a bit of lower these times. Its just about time until we see bitcoin pick up its highs again.

Frustration is a normal emotion when you see your monetary value goes down. But if you understand cycles and patterns, we just have to endure all of those frustrations. There will be an end for this bear but only time can tell when.

[pooya87]

Woop woop. The bear's not over but dramas and emotional commentaries are a bit of lower these times. Its just about time until we see bitcoin pick up its highs again.

the bear market is technically over when the drop ends and price reaches the bottom. it doesn't have to start rising back up right away to no longer be considered a bear market. in fact this "reversal" is some sort of transition and for that to happen, a long time needs to pass specially when there are many greedy whales in the market who want to accumulate as much as they can.

[maldini]

keep your friends relaxed, bitcoin doesn't just experience this phase once. In 2014, bitcoin has experienced a phase like this, you just need to trust it to get good results

[V-D-S]

Since the market has slowly calm down and yes I think we can say the bears are slowly stopping now.  Bulls must now start proving that Warren Buffet isn't as brilliant as he thinks when he said bitcoin won't end well. A lot of stupid who didn't see the staggering proof why blockchain will survive believe that old fart.

What WB said is 100% true for the same reason no government regime ends well and for the same reason we don't use Spanish pesos anymore.

However, I don't think crypto, decentralized cryptocurrency, etc will every entirely go away. Perhaps they'll be replaced by a better product of hard fork. Even if the market crashes there is still a deep use-value that Wellington Buffett may or may not be emotionally in tune with. If he wanted to anonymously wire money he could ask his accountant to figure it out. I do not support anti-social, nefarious, or otherwise "shady" activities however everybody has a different definition. Thus there will always be a crypto market for those who want to make transactions for things on the fringes or out of bounds. Crypto makes the ability to work around the system level for guys like Buffet or some blue-collar worker who wants to buy something or wire a taxable large sum of money to a friend (with mitigated taxes, like corporations can do with great accounting) or an immigrant wiring money to avoid a $5 fee. These kinds of transactions become something people need, that they believe in. I think he misses this.

Also, bull runs are great for some, tragic for some.. For me, stable increase in growth that stimulates more and more commercial offerings is the ideal goal.

[V-D-S]

Woop woop. The bear's not over but dramas and emotional commentaries are a bit of lower these times. Its just about time until we see bitcoin pick up its highs again.

the bear market is technically over when the drop ends and price reaches the bottom. it doesn't have to start rising back up right away to no longer be considered a bear market. in fact this "reversal" is some sort of transition and for that to happen, a long time needs to pass specially when there are many greedy whales in the market who want to accumulate as much as they can.

Perhaps we should call them short-sided or lazy because wealth accumulation is something we all want.
Manipulating the market makes money but lowers trust and stuns longer-term appreciation.

[Caladonian]

A bit of patience my friend. Bitcoin always goes through phases lile this when everybody is near suicidal.
The price wilp definitely pick up in around 6 months.

Relax.

Though I respect your opinion, but I don't think the price will pick up in 6 months! Bitcoin bearish situation has been running for 1 year! Every month's people kept saying next month, that month, at the end Bitcoin price will increase. But In every month of 2018, bitcoin went to down! So, here 6 months or 1-year strategy won't work anymore. I think it will take more time.

There's no real specific time indeed, what we are speculating are possible reversal and how long it will show up, Bitcoin bearish season still extending as panic sellers and weak holders are riding with the trend.

We can say it's done when it's really done when the bull are strongly moving forward commanding the new trend for investors and traders to enjoy the market.