How long do you think this BEAR MARKET will LAST?

[lornadane]

I think this is not bear market anymore, rather it is being the real price of every coin. Because I don't think the bear market can last 1 year, as the bull market can't stay for two months! When will you say that this is a bull market? If the BTC price goes to 10K USD? Now I think we should adapt to this market.

[deisik]

Can last as long as the whales want it to. The fate of the market is no longer in the hard of regular traders.
Just buy low and sell high Instead of waiting for a bull run

For regular bros that's not simple

Not everyone can easily ride volatility as this is what your advice basically comes down to, especially if we haven't recently seen a lot of volatility anyway (apart from the last couple of days, obviously). In most cases wannabe traders will end up buying high while selling low and not in a constructive way, i.e. when you sell low to buy even lower. And I'm not speaking of using shorts

[FUD Expert]

Can last as long as the whales want it to. The fate of the market is no longer in the hard of regular traders.
Just buy low and sell high Instead of waiting for a bull run,

Whales can't manipulate the market anymore and their influence is not that strong on the current market. And besides, cryptopia that made an exit scam will be followed by other small exchanges because of the long bear market.

[traderethereum]

Can last as long as the whales want it to. The fate of the market is no longer in the hard of regular traders.
Just buy low and sell high Instead of waiting for a bull run,

Whales can't manipulate the market anymore and their influence is not that strong on the current market. And besides, cryptopia that made an exit scam will be followed by other small exchanges because of the long bear market.

That could happen because traders will hold the coins or withdraw the coin and moves to the big market so they could still trade. I think with the bear market, and we can see how many of the exchanges that still operate in this day and if they can survive, then it proves that they are one of the best exchanges and I am sure they will grow in the future. We cannot predict when the bear market will end because there is no sign we can see, but it will end soon.

[mirakal]

I think this is not bear market anymore, rather it is being the real price of every coin. Because I don't think the bear market can last 1 year, as the bull market can't stay for two months! When will you say that this is a bull market?

Still in the bear market, there is no definite time when it will last, whether it's a bear or bull market, that depends always on the current
situation and maybe our own opinion. As of now, I believe we are still in the bear market and hopefully this will not consume another 1 year.

If the BTC price goes to 10K USD? Now I think we should adapt to this market.

The fact that you are here, you have already adopt but we cannot dictate what price it should, we have to follow the fundamentals.

[Yaunfitda]

Can last as long as the whales want it to. The fate of the market is no longer in the hard of regular traders.
Just buy low and sell high Instead of waiting for a bull run,

Whales can't manipulate the market anymore and their influence is not that strong on the current market. And besides, cryptopia that made an exit scam will be followed by other small exchanges because of the long bear market.

Maybe it's not the whales, but speculators who uses trading bot to their advantage. You can just set it to sell when the price reaches a certain point, and I believed that this is what's happening right now. Lots of speculators are shorting bitcoin, that's why when we're about to make a rally, the price will suddenly slid back because of shorting.

So with that said, I'm not expecting a bull run this quarter and it will continue to trade at sideways with no clear indication as to where the market price will go.

[fibrolit]

I very much hope that this bear market will end in March-April 2019. There are some prerequisites for this. Bitcoin has stabilized around $ 3,500 and will be here for at least a month. But I do not expect much growth,I think that bitcoin will grow to 5000-6000 dollars.

[Wind_FURY]

Too confident tho,
Yes people said next halving is another hope for the bull run but its still too long to reach from now.

Then take it as an opportunity of having a longer time-frame to accumulate.

Bitcoin is provably scarce. I can't be "too confident" enough that it will reach a 6 digit valuation within 10 years. If you cannot wait, then it's your loss

That's a very common misconception

The supply of coins didn't increase too much in 2018 (I guess it is in the range of a couple percent) but the price crashed 6 times.

Because you haven't zoomed out far enough to smooth out the volatility. What is a year in Bitcoin? But of course I said that with the assumption that everyone understands the law supply and demand. Demand comes and goes, Bitcoin's supply is provably scarce, and capped.

Plus I am not trading, I'm HODLING. There's a difference.

Do you believe that it would be stupid to think that Bitcoin will be on its way to a 6 digit valuation within 10 years? Because a lot of people made the mistake that it was stupid to think it would reach a 5 digit valuation

It may not be stupid to think so

But it will be stupid to act based on that assumption when everything is crashing down. Well, today it may not look like that at all but we don't know if the surge we are experiencing now is not a game to make an exit. Regarding zooming out, I don't think you can zoom out enough to hide the crash of this size. Actually, I think you are in fact kidding

But from a HODLING standpoint, wouldn't you believe that it is the right time to start accumulating while the price is low?

Bitcoin supply is neither scarce not capped as far as the law of supply and demand is actually concerned (read, it can increase and decrease in pretty wide limits). If it were otherwise, price crashes like 6 times (and surges of equal scale, for that matter) wouldn't be possible. This is what real understanding is about

I'm confused. Bitcoin supply is not capped, and not provably scarce? How?

[deisik]

But from a HODLING standpoint, wouldn't you believe that it is the right time to start accumulating while the price is low?

We should firmly face the truth, no matter what

As the majority of holders have become such because they were just unlucky and kept on holding when they should have sold. In this way, there is no "HODLING standpoint". Simply put, it is an invention of lost souls (aka bagholders) to justify their mistake somehow and try to rationalize it

Bitcoin supply is neither scarce not capped as far as the law of supply and demand is actually concerned (read, it can increase and decrease in pretty wide limits). If it were otherwise, price crashes like 6 times (and surges of equal scale, for that matter) wouldn't be possible. This is what real understanding is about

I'm confused. Bitcoin supply is not capped, and not provably scarce? How?

Bitcoin itself is capped, of course, but its market supply is definitely not. Market supply here means coins that actually get traded. Indeed, it can't exceed 21M bitcoins (or how many coins have been mined to date) but if only a small ratio is actually traded, the market supply is pretty much uncapped. In other words, if all potentially available coins enter the market all of a sudden, the market itself will get destroyed

[GreatOrchid]

I very much hope that this bear market will end in March-April 2019. There are some prerequisites for this. Bitcoin has stabilized around $ 3,500 and will be here for at least a month. But I do not expect much growth,I think that bitcoin will grow to 5000-6000 dollars.

We can't predict that exact price for bitcoins but we can atleast hope a higher price than now. Bear markets will end soon and will bring a new start to the bull markets. Graphs will rapidly go up with the uprising demand for the markets and it would gain back the importance towards cryptos.

[sedahan13]

In 2016 and 2017 is 2 years periode for bull market, so can be for bear market also will take in 2 years. But because all crypto already oversold so can be in this year the price just side away and in the end of this year bull market will start again.  Keep patient waiting for bull market is key to make huge profit because that for sure will be coming.

[juragane]

It should be a good starting market forever, but this is very unlikely to see market sentiment that has never happened for a long time, so this could be a momentary effect, it might be a breath of fresh air for price increases, which certainly will never long time ago, so let's take advantage of this momentum.

[Wind_FURY]

But from a HODLING standpoint, wouldn't you believe that it is the right time to start accumulating while the price is low?

We should firmly face the truth, no matter what

As the majority of holders have become such because they were just unlucky and kept on holding when they should have sold. In this way, there is no "HODLING standpoint". Simply put, it is an invention of lost souls (aka bagholders) to justify their mistake somehow and try to rationalize it

How is "hodling" an invention of "lost souls" to justify bag hodling? I hodl, not because of my average buying price, which is lower than its price now I might add. I hodl, because I believe in Bitcoin for idealogical reasons, and as an investment in sound money.

Bitcoin supply is neither scarce not capped as far as the law of supply and demand is actually concerned (read, it can increase and decrease in pretty wide limits). If it were otherwise, price crashes like 6 times (and surges of equal scale, for that matter) wouldn't be possible. This is what real understanding is about

I'm confused. Bitcoin supply is not capped, and not provably scarce? How?

Bitcoin itself is capped, of course, but its market supply is definitely not. Market supply here means coins that actually get traded. Indeed, it can't exceed 21M bitcoins (or how many coins have been mined to date) but if only a small ratio is actually traded, the market supply is pretty much uncapped. In other words, if all potentially available coins enter the market all of a sudden, the market itself will get destroyed

Ok I misunderstood your point. I define "market" as every aspect of Bitcoin changing hands, including exchanges. The more people hodl Bitcoin, the more scarce it will be.

[deisik]

But from a HODLING standpoint, wouldn't you believe that it is the right time to start accumulating while the price is low?

We should firmly face the truth, no matter what

As the majority of holders have become such because they were just unlucky and kept on holding when they should have sold. In this way, there is no "HODLING standpoint". Simply put, it is an invention of lost souls (aka bagholders) to justify their mistake somehow and try to rationalize it

How is "hodling" an invention of "lost souls" to justify bag hodling? I hodl, not because of my average buying price, which is lower than its price now I might add. I hodl, because I believe in Bitcoin for idealogical reasons, and as an investment in sound money

Are you sure that you wouldn't sell your stash at 20k if given a (second) chance?

But it doesn't really matter even if you personally would not, as most people (bagholders or otherwise) would not think twice if given such an opportunity. So much for the "idealogical reasons" and "investment in sound money", huh. As the saying goes, charity begins at home and when money talks bullshit walks. If you accept this as being generally true, which you should if you are an honest person, then you have to agree with my point (about bagholders rationalizing their holding in the way described). So are you an honest person or what?

Ok I misunderstood your point. I define "market" as every aspect of Bitcoin changing hands, including exchanges. The more people hodl Bitcoin, the more scarce it will be

But it doesn't necessarily make it more valuable (let alone more useful)

[emmybd]

It is for sure that this bear market wouldn't last for ever, but nobody knows how long this would continue. Over the past few weeks, we have seen the sign of market recovery, but that hasn't lasted long.

[Wind_FURY]

But from a HODLING standpoint, wouldn't you believe that it is the right time to start accumulating while the price is low?

We should firmly face the truth, no matter what

As the majority of holders have become such because they were just unlucky and kept on holding when they should have sold. In this way, there is no "HODLING standpoint". Simply put, it is an invention of lost souls (aka bagholders) to justify their mistake somehow and try to rationalize it

How is "hodling" an invention of "lost souls" to justify bag hodling? I hodl, not because of my average buying price, which is lower than its price now I might add. I hodl, because I believe in Bitcoin for idealogical reasons, and as an investment in sound money

Are you sure that you wouldn't sell your stash at 20k if given a (second) chance?

I admit, I will be tempted. But most of my coins are in cold storage, and I believe I would be lazy to load my seeds up in a wallet just to sell some of them, and then make a new cold storage again for the rest, just like the first time. Hahaha.

But it doesn't really matter even if you personally would not, as most people (bagholders or otherwise) would not think twice if given such an opportunity. So much for the "idealogical reasons" and "investment in sound money", huh. As the saying goes, charity begins at home and when money talks bullshit walks. If you accept this as being generally true, which you should if you are an honest person, then you have to agree with my point (about bagholders rationalizing their holding in the way described). So are you an honest person or what?

First of all I'm not a trader. I tried, but I lost. Now I hodl.

Second, the more I learned about Bitcoin, I became a more idealistic. "I came for the money, but I am staying for the revolution". That sounds cheesy. Haha.

I also believe that I am not the only one in believing that Bitcoin will become something like a global reserve currency, or the currency for the internet one day.

Ok I misunderstood your point. I define "market" as every aspect of Bitcoin changing hands, including exchanges. The more people hodl Bitcoin, the more scarce it will be

But it doesn't necessarily make it more valuable (let alone more useful)

But it does. Any scarce resource with a growth in demand, which Bitcoin is, will become more valuable.

[deisik]

Are you sure that you wouldn't sell your stash at 20k if given a (second) chance?

I admit, I will be tempted. But most of my coins are in cold storage, and I believe I would be lazy to load my seeds up in a wallet just to sell some of them, and then make a new cold storage again for the rest, just like the first time. Hahaha

This is what everyone says. They say so because they don't actually believe in second chances (and many don't believe in chances at all), and sometimes it backfires. But I assure you that you would do anything if there was a real opportunity and you had a valuable stash of coins. People who had forgotten about their coins were digging up dumps to find the hard drive they were stored on

After it rose over 1000 times

But it does. Any scarce resource with a growth in demand, which Bitcoin is, will become more valuable.

That's a common misconception (other than the part about growth in demand). Scarcity doesn't mean utility

[yanto@1977]

While checking around, I came across some write-up of how long this bear market have been and we also get to know that this bear market is the longest.

I found out this: https://www.ccn.com/the-crypto-bear-market-wont-last/amp recently.

So what's your own opinion and say about how soon will the bear market be over?

I don't know but prepare for the worst is the right option we have. Market can up or down because trust, as long people still do trade/ invest using crypto market will survive. I think you can join another method to keep get income, many ways already in google just take one and have a good trip.

[gabmen]

While checking around, I came across some write-up of how long this bear market have been and we also get to know that this bear market is the longest.

I found out this: https://www.ccn.com/the-crypto-bear-market-wont-last/amp recently.

So what's your own opinion and say about how soon will the bear market be over?

I don't know but prepare for the worst is the right option we have. Market can up or down because trust, as long people still do trade/ invest using crypto market will survive. I think you can join another method to keep get income, many ways already in google just take one and have a good trip.

Right. Though that should always be the way to deal with it, never rely solely on your crypto trading since these kinds of situation often happens. As it stands, we can get to sub 3k levels or bounce slowly back to 4k. Again we won't know.

[Hivalley]

As it stands, we can get to sub 3k levels or bounce slowly back to 4k. Again we won't know.

We cannot know the next direction the bitcoin will take,which makes op's question to a certain level redundant,we can only watch and hope the prices go up,but it's not a centralized system,so no body takes any responsibility for anything.
We have to hope that factors that cause a rise show up and bring a long lasting end to this prolonged bear market