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Author Topic: Bitcoin Is Now Officially In Its Longest Bear Market Ever  (Read 993 times)
1Referee
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February 04, 2019, 02:40:25 PM
 #41

And one thing for sure I know the rising of bull will be happen again.

If you consider what happened in 2017 to be a bull run, and that's your only example of a bull run that you have gone through, you might be up for a surprise. Surprise in the way that we see the market go up gradually instead of massive legs up where people blindly buy themselves into the market.

I already see it happening; the price has gone over the $10,000 level, and people still speculate about when the bull run will finally start.  Cheesy

Back in 2014/2015 people weren't even remotely as speculative and dreamy about bull runs as the people we're dealing with right now. 2017's adoption wave is the worst so far, and I'm pretty certain that it will only get worse the deeper we dig into mainstream adoption.
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February 04, 2019, 07:10:52 PM
 #42

Bitcoin has officially entered the longest stretch of declining prices in its 10-year history.

The world’s oldest and most valuable cryptocurrency achieved an all-time high of $19,764 on Dec. 17, 2017 on the CoinDesk Bitcoin Price Index and has printed a series of lower price highs ever since, making February 2 (as per UTC time), the 411th consecutive day prices have been in decline.
That is probably because bitcoin also reached the highest it has ever been by a 20 fold and then dropped from there. I understand this bear talk is easy and people are upset about the prices are not going up so thats understandable however the price is 3.5 thousand dollars right now.

I know it looks low and it is definitely low compared for the previous 1.5 years and if you got in anywhere in the previous 1.5 years or so you are not happy with the loss you got however the price is best it has ever been except the summer of 2017 and winter of 2017 period of that 10 years of existence. Hence, the bear market is definitely sad and I hope we will start going up soon but there is also no need to be negative about it and make drastic changes in your life because of it. Just be patient and try to accept bitcoin as what it is.
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February 04, 2019, 07:32:04 PM
 #43

After its highest peak in a short time, we experienced a thing more than a correction and it takes so much time. It is very difficult to maintain prices at this level after this rise.
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February 04, 2019, 08:23:01 PM
 #44

Most likely, this period will have to be experienced for a long time, since people's trust has been weakly eroded by cryptocurrencies. Although the collapse of course was predictable.
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February 04, 2019, 11:45:48 PM
 #45

After its highest peak in a short time, we experienced a thing more than a correction and it takes so much time. It is very difficult to maintain prices at this level after this rise.
Well we can't do anything about this but to patiently wait for another good price increase again.Although it's hard to tell when will it happen,but let's not lost hope totally.Let's just turn this down market into a profitable one by accumulating more potential coins at their lowest prices.It's still the best thing to do since trading at this moment might not be very rewarding at all.

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February 05, 2019, 04:22:40 AM
 #46

After its highest peak in a short time, we experienced a thing more than a correction and it takes so much time. It is very difficult to maintain prices at this level after this rise.
Well we can't do anything about this but to patiently wait for another good price increase again.Although it's hard to tell when will it happen,but let's not lost hope totally.Let's just turn this down market into a profitable one by accumulating more potential coins at their lowest prices.It's still the best thing to do since trading at this moment might not be very rewarding at all.
I also feel that, currently, there is not much funds to buy and move the market. but now I can only spread good news and optimism so that we can be together, at least maintain the position of bitcoin
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February 05, 2019, 07:17:42 AM
 #47

After its highest peak in a short time, we experienced a thing more than a correction and it takes so much time. It is very difficult to maintain prices at this level after this rise.
Well we can't do anything about this but to patiently wait for another good price increase again.Although it's hard to tell when will it happen,but let's not lost hope totally.Let's just turn this down market into a profitable one by accumulating more potential coins at their lowest prices.It's still the best thing to do since trading at this moment might not be very rewarding at all.
I also feel that, currently, there is not much funds to buy and move the market. but now I can only spread good news and optimism so that we can be together, at least maintain the position of bitcoin
cryptocurrency now lack of investors,so there is only few money come and go from cryptocurrency market.and now market capitalization only around 133billions, it totally different with end of 2017 , where market capitalization could reach 800billions.and if we want to see this moment again we should spread positive news about bitcoin and altcoin so more people will interested.
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February 05, 2019, 08:12:51 AM
 #48

After its highest peak in a short time, we experienced a thing more than a correction and it takes so much time. It is very difficult to maintain prices at this level after this rise.
The price corrections are still happening and it is the reason why the market is still not rising up. The bear market is now ended so there is a high possibility that the market will become bull any moment.

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February 05, 2019, 08:18:54 AM
 #49

The duration of bitcoin bear market is beyond expectation of most speculators, the market want to create a new history. I feel  opportune to be a witness of this historic event.
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February 05, 2019, 12:15:01 PM
 #50

I wish I could accumulate more but due short of funds I'm really tight on my budget now, wish I had more back-up funds and sold a lot during the bullrun  which I regretted. But that's how investing in crypto market works you will win big and also lose big, If there's only an indicator to avoid this but none.
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February 05, 2019, 03:23:11 PM
 #51

Honestly, the problem is that there were too many new people during the peak times which ran away when the price went down. We can't really fix that until we have ourselves new people again and this time we need to make sure they don't leave.
What we can do is to get more places accept bitcoin, more people adopt bitcoin, more shops taking bitcoin and so forth which will make bitcoin go more steady instead of built on hype.

Now, that big corporations get into bitcoin and also heavily invest into blockchain as well, we can see the small and steady increase in userbase for bitcoin which will make it go back up again but this time with proper reasons and now just "YOU CAN GET RICH IN A DAY" type of hype. If those people who got into bitcoin during late 2017 didn't ran away screaming on early 2018 we wouldn't be in this situation.
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February 05, 2019, 03:54:45 PM
 #52

I wish I could accumulate more but due short of funds I'm really tight on my budget now, wish I had more back-up funds and sold a lot during the bullrun  which I regretted. But that's how investing in crypto market works you will win big and also lose big, If there's only an indicator to avoid this but none.
If only, but it's always surprise investors,  the market movements can't be predict accurately, sway and fluctuations brings our investment at risk,
with this long bearish trend, investment wise it should be take as an investment opportunities, buying coins while the value still low, if you are
looking for long term you can keep on waiting while holding your invested assets.
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February 05, 2019, 05:11:45 PM
 #53

So what if the bitcoin is now in its longest bear market? It had potential so it will recover in a matter of time. We should just have patience for us to continue to hold our bitcoins. There are now traders who losses their patience that leads to them to sell their bitcoins in wrong time. 

For the recovery of bitcoin and other alts, actually no one who can confirm about this, even 1 month after ATH from crypto, we can see some predictions that the market will recover "soon" and till now its not proven. This is just a little illustration that crypto can also be so miserable. If we only hope for hype, i think it will be difficult to achieve again
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February 05, 2019, 06:08:01 PM
 #54

We can choose to see this as a good accumulation phase, the cheap bitcoin we all wanted more of in late december 2017 and most of 2018 are now possible to get.
One day this down trend will be over, so get those bitcoins before the prices goes North again
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February 06, 2019, 02:27:51 AM
 #55

We can choose to see this as a good accumulation phase, the cheap bitcoin we all wanted more of in late december 2017 and most of 2018 are now possible to get.
One day this down trend will be over, so get those bitcoins before the prices goes North again
Well i believe that the bitcoin will have a great future, this long down trend is a part of a big whales plan and if we are going to lost a control on our self we can possibly loss a huge amount of profit because we can surely do panic selling if we are going to look at the bitcoin price without a proper understanding. Bitcoin price is always unstable value there are also a great posibility of rising or maybe falling. But in my part as long as bitcoin has a value i believe that soon it will rise.
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February 06, 2019, 06:14:04 AM
 #56

That is something that we can't do anything about and it is something that we should just deal with. What we must do is just to hope for the best and the better possibilities that could happen along the way. Let's just think of the better things that might happen in the future. Good things are yet to come.
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February 06, 2019, 06:29:14 AM
 #57

market is more stable, bitcoin has dropped a lot since then, more than 80% at this time many can buy and hold for a future, not counting on the altcoins that are for free
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February 06, 2019, 12:00:58 PM
 #58

market is more stable, bitcoin has dropped a lot since then, more than 80% at this time many can buy and hold for a future, not counting on the altcoins that are for free

Yes, but not many people can buy bitcoin now because they still have bitcoin from the last year and they still hold until now. But yes, I agree that this is a good time to buy more bitcoin because the price is down more than 80% as you said. We need to be careful to decide to buy bitcoin again because we don't know if the price can stable at a price now or will get down for more.

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February 06, 2019, 03:13:09 PM
 #59

to be honest, the first time I knew about crypto was when the market was like this, when the market was not good. I haven't felt the sweetness in the crypto world. or am I too stupid? I do not know.
but on the other hand, I often heard about bitcoin last year, so it could reach a price of $ 19,764 in 2017. That gave me great hope when it stood now. maybe with the occurrence of pump in masalalu, bitcoin requires correction in the current year to then recover, even exceed it.

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February 06, 2019, 03:34:39 PM
 #60

And this period has been a difficult one for bitcoin investors and those who bought large amounts especially when we had high prices.
But for the hodlers,its no loss until the coins are sold,many have lost believe and faith in the system,but I believe patience would prove invaluable at the end
Yes it might be true and i do believe market will recover but it will takes time. Bitcoin has a fundamental technology that will make it valueable. We need to wait for more people to realize that bitcoin and blockchain is the future of our economy.

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