Christmas 🌲 Bear 🐻 Already Started Munching!

[Lmaooo]

All the signs of the Christmas 🌲 bear has been shown.

That very bear has already started clapping down on the market.


 

[GreatArkansas]

It seems what happened last 2017 when Bitcoin topped around $19,000 is happening again this time. Peaked in the month of December is starting to decline again. But this time is different, no abrupt dumps or pumps compare before. I can say this time is more healthy price action.

The total market cap still not showing any bearish sign. Observing the total crypto market cap may also a good idea and way to identify the bull/bear market. So far, so good for me.

[JimboToronto]

It seems what happened last 2017 when Bitcoin topped around $19,000 is happening again this time. Peaked in the month of December is starting to decline again. But this time is different, no abrupt dumps or pumps compare before. I can say this time is more healthy price action.

The total market cap still not showing any bearish sign. Observing the total crypto market cap may also a good idea and way to identify the bull/bear market. So far, so good for me.

What's happening now has absolutely no comparison to December 2017.

It's comparable to what happened in December 2016 and January 2017. The price rose through the autumn until it broke the previous ATH then corrected for a while before the really big rally almost a year later.

The bear market won't happen until late next year or early 2022.

[LUCKMCFLY]

I am still not very sure if the Bearish market started, because we must remember that Bitcoin does not break the first wave of the bullish trend, also the million dollar wallets have not moved their percentage much, I am much more inclined despite the fact that the decline is the most natural market, due to global circumstances it is also understandable that some panic is generated by the new strain of Covid-19 that was discovered in the United Kingdom, but the path that Bitcoin is taking I do not see as now falling into a bearish trend .

[mk4]

Bitcoin dropped in price by only like $1000 and suddenly we're already seeing bear posts. Freakin LOL. As for all those altcoins though? Nah man, let them burn to the ground (especially that Ripple fidget spinner-coin. git rekt).

[sunsilk]

Bear? not yet. The color indication on crypto market tabs looks encouraging to say the least that we're already in the bear market. But if you look to bitcoin's price now, it's @ $23,156 and that's no bear.  

The indication that the market is bleeding doesn't mean that we're already in the bear market. We're too far from seeing the bear and if it's there, we might see a nosedive that could lead bitcoin's price back to the lowest for this year which was around $4,900.

But needless to say, don't worry if you think that the everyone are actually taking their profits. It's Christmas and whales would have to cash out. This is a very strong sign that the market is becoming stronger and could show us another ATH by 2021.

[Wind_FURY]

OP, that should be merely another golden opportunity for everyone to buy the dip, and never to be feared! Zoom out! Where we are heading, there will be no bears. Although there's one Honey Badger.

[New_order]

OP, that should be merely another golden opportunity for everyone to buy the dip, and never to be feared! Zoom out! Where we are heading, there will be no bears. Although there's one Honey Badger.

Honey badger is very small compared to 🐻 bear 🤣🤣, can't crave off many meats from a honey badger lol, this december is very different from December 2017, in December 2017 bitcoin dominance started to lose weight little by little, this one shows no sign of any weakness, it means that the bull market will stay longer than expected by many and altcoin season may not happen in early 2021

[kentrolla]

Exactly it looks like dropping movement has started and alts are already going down daily However BTC is maintaining its reputation and continuing it's bullish trend as investors are loading their fundings in bulk.

Also we are experiencing the drop everytime during Christmas Eve from 2017 as many of them cashout their holdings and even now it may go on the same way.

[tertius993]

If this is a munching bear then it is one with an extremely small appetite!

[sarmrakib]

All the signs of the Christmas 🌲 bear has been shown.

That very bear has already started clapping down on the market.


 

You are informing us a minor downtrend which is the usual behave of the market .Its just fall a bit but starting to recover once again .Its really true that we always face some downfall at the year end on Christmas but market still on good position on uptrend .So guys i really think much right at the moment its going ordinary to me .

[Bitstar_coin]

Lets hope it won't be as deadly as 2017/18, at least back in 2017 before the great bear period shook the whole market, alts experience a lot of price pump along side btc but same thing has not happen this time so i hope bear will not take alts down completely even though they never had the chance to run with btc 

[DeathAngel]

Some really misguided people in this thread. The halving wasn’t long ago, we are nowhere near where we were in the cycle in late 2017. That point is late 2021, there is a load more space for growth & price discovery. There is no bear market right now, we are fully in a bull market.

[hugeblack]

It seems that we have entered the Bear 🐻  market, which may extend for a week or more, after which we may witness wide corrections in the price, but I believe that the news of the stimulus packages that will affect the price of gold and that may lead to more rises.

The wave of rising noise in the decentralized projects will push small investors to more liquidity in the market.

Also, news of stimulus will make many companies try to put part of their capital in cryptocurrencies.

[justdimin]

I really can't say we are dropping all that much, this is still daily spread levels of drop and I am sure this will not change much for the long term. Think about it this way, bitcoin could go up and down 10% per day, those are understandable volatility of daily movements, anything under that is still fine and not a big deal, and this is more like 5% right now so it will be fine.

Long story short we are not in a situation like 2017, because after that peak we have gone as low as 3.5k a year later, and we didn't stopped anywhere in between neither we just kept on going down and down so do not worry that the same thing will happen again because it won't. I trust crypto this time around that it will be doing fine, and it will definitely be something that won't be really that major neither, not considering 40k+ price neither and nothing under 15k neither, it will be a bit stable.

[eaLiTy]

All the signs of the Christmas 🌲 bear has been shown.
That very bear has already started clapping down on the market.

I was expecting this in the market a week back and finally the market is showing a correction on back of the SEC verdict against Ripple and the entire market except BTCitcoin went down. I am wondering when there will be a correction in the BTCitcoin market as well and when the institutional investment stops as it will give many the opportunity to purchase again  .

[LFC_Bitcoin]

Noobs gonna noob!

We are at the beginning of the biggest, most powerful bull run in BTC‘s short lifespan. Prepare for price action previously unseen in any new technology. 1BTC will be six figures in $ within 12 months.

[YuginKadoya]

I think We are still in a Bull Run because $23,312.19 USD is still considerably increasing in my opinion, Maybe this time it will go to the moon but apparently, this kind of movement Bitcoin does will come in a correction, Maybe after the Holiday or another year had come we can expect a correction after this, but let's just enjoy what Bitcoin is giving us right now.

[cheezcarls]

All the signs of the Christmas 🌲 bear has been shown.

That very bear has already started clapping down on the market.


 

Because it's definitely holidays and a lot of people are cashing out their money to buy Christmas presents whether physically or virtually. I think this is very common like in the past few years. I just hope that in the following year, it won't repeat like what we have experienced in 2018, because I believe the market has matured unlike in 2017.

[Fortify]

Much like gold, I get the feeling that Bitcoin will lose some of its attraction when Covid starts to disappear and the world economy starts heading back to normal. It certainly has a place in a balanced portfolio, but it looks more like an asset people run to when the stock market gets the jitters. As soon as inflation starts growing and world banks stop printing money, Bitcoin might start dropping in value - that could be a long way off though.