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Author Topic: Catalyst for starting next Bitcoin Bear market?  (Read 336 times)
fortunecrypto
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November 22, 2020, 08:10:01 AM
 #21

The one thing that can create a bear market and could be a long bear market is
Quote
Satoshi decides to "take profit"?
imagine Satoshi decides to open the wallet and make some profit with close to 1 million on his wallet that could start a long bear market, I hope he will not do that, so far the wallet is untouched there are so many speculations about the wallet, but everything is still speculation.

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November 22, 2020, 08:54:25 AM
 #22

News can be a catalyst but the thing is I only focusing on price action and my decisions are relying on what is happening to the price, I'm a technical analyst so chart is my friend and I know when the trend will already finish or when it will already reverse. Right now there is no bearish signs in the market but usually the bearish signs are the bearish divergences, failed to hold to a certain support, breaking down in medium support like 50 MA and breaking down in major support. Those signs of weaknesses and expect a reversal. Try to backtest what happen in the last bull run in 2017 where the price experienced those weaknesses that I mentioned above.
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November 22, 2020, 02:41:46 PM
 #23

I do not believe that there will be another year long bear market in the crypto ever again. There could be bear periods in crypto, hell we had it in 2020 when the pandemic hit the world, during march and early April we have seen bitcoin price drop to significantly low levels and it took us few months to recover from that and it will be like that in the future as well.

There could be months when bitcoin is low due to some reason but it will recover within few months and go back to where it was. Hopefully 2 months like what happened with this year's drop when it was back up to $10k by early may instead of waiting for a whole year. We are just way too involved with crypto nowadays to let the prices go down that much, there are way too many people and business' that would buy bitcoin in order to stop it from going down that much from now on.

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November 22, 2020, 03:19:51 PM
 #24

Coinbase gets hacked?
It's difficult to imagine how. But, there is always that possibility. That's 1.

Satoshi decides to "take profit"?
We will know if this happens. I think there is always that one guy who checks his balance.  Wink
With that event, the whole crypto community will be alarmed and after checking, I guess they will panic and sell their bitcoins.
Yeah, it could also happen.
I think one bad event could flip it but the question is what.
What you mentioned has a lower chance but I can't think of something else yet.
It could be one of the top exchanges falling that could create a bear market.
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November 23, 2020, 08:03:14 AM
 #25


Guys this is not a sharp rise.

Jan 2017 about 1000

Dec 2017 about 20,000 or 20x. in 11 months that is sharp rise in price.

march 2020 about 3900

so 78000 for feb 2021 would be 20 in 11 months

So even if you think there is not enough money in the world to allow a jump of 20x  to 78k

This is money in the world to go to 39k or 10x.

so to me I would be inclined think we would get close to 10x that 3900 price back in march of 2020.

I think it is inappropriate to compare only percentages. Obviously, a 100,000% rise on small volumes will be less significant than a 100% rise on gigantic volumes.
Roughly speaking, if tomorrow some startup grows 10 times, then few people will know about it (this is a common story), but if tomorrow Apple or Microsoft grows/falls by 10%, then all news resources will tell about it.

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November 24, 2020, 08:44:20 PM
 #26

Guys this is not a sharp rise.

Jan 2017 about 1000

Dec 2017 about 20,000 or 20x. in 11 months that is sharp rise in price.

march 2020 about 3900

so 78000 for feb 2021 would be 20 in 11 months

In the first example (2017) you're measuring that 20x almost from the 2013 ATH. In the second example (2020) you're measuring from the market bottom. This is like comparing night and day.

$1,000 was ~86% of the way to the 2013 ATH. ~86% of the 2017 ATH would be $17K. A 20x from there would be around $340K! Maybe we should be planning on that instead of $78K. Wink

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November 24, 2020, 10:18:43 PM
 #27

The price itself it already doing a good job on triggering another bear market IMHO since people will see this price as an attractive and profitable way to earn. Of course the whales might have this idea already and are just preparing for a big sell off and by that I mean transferring their Bitcoin from their cold storages to the exchanges so that they can flood the market with sell orders. Right now it won't be the bad news that will trigger the market for me it would really be the high price we are seeing now.
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November 25, 2020, 12:30:35 AM
 #28

As of now I don't see any catalyst that might trigger the crypto market going bearish.
The only scenario that I see is that if the institutions will dump their Bitcoins one at a time. That might cause a shake and dump in the market as a whole.

Right now, this parabolic rise of Bitcoin is more sustainable compare to where it was last 2017 as I see but I always expect for a retracement or correction to happen possible next year.

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November 25, 2020, 05:05:13 PM
 #29

Satoshi probably do not even have connection to his wallets anymore. We are talking about amounts reaching over a billion dollars, I am sure if he had any access to his money, he would have done so already, I do not buy into this "he moved on to another project" type of stuff, that doesn't seem to be logical to me, or all of those secretive conspiracies about how it is a secret military operation that will cash out when it is at peak type of deal.

I think he is gone, he is probably dead as well (I am sorry to say this; just for debate), but even if he is not, he is not going to cash out at any price at all and furthermore he can't. Even if he manages to do that one day, I am sure market will crash for a while but we will recover from it for sure, we have recovered from a lot of troubles and we would recover from that too.

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November 25, 2020, 05:27:38 PM
 #30

The main reason is unreasonable growth. If it happens, then a deep correction is inevitable. As for events like MtGox, I'm sure the market will crash if Binance crashes. Too much is now tied to them and as far as I know, they are not doing very well. Many people will say that this is not so, but the fact is that we learn about all the negative after it has happened.

Yeah. We are learning after each thing happens what will happen next. When the market is on an up trend, there is a scattering of positive news all around so that everyone starts thinking positively and the market goes well. But suddenly something happens that we can see the impact of in the market. Now Binance is a big exchange, so it is easy to assume that any major incident in binance will have an impact on the market.

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November 25, 2020, 07:17:33 PM
 #31

2017 didn't have any catalyst, it fell as the result of pure bubble burst. To me it's hard to imagine any possible catalysts for this run, because the things that come to mind could crash Bitcoin to nearly zero - solar flares, nuclear war, global ban, quantum computer that starts claiming all the richest addresses, etc. Luckily, the probability of such events is so small that there's no point in worrying about them, just like, for example, real estate investors don't worry that an asteroid will destroy their property.
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November 26, 2020, 12:51:19 AM
 #32

We might see another MtGox liquidating some of their funds this year or next year depending on the market situation and if you think that they are the main reason for every correction then we need to find a new excuse this time  Cheesy. As we know the price is sky rocketing and there will be a time that it will crash and when that happens the bears took over.

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