Could this correction lead to a bear market for Bitcoin?

[michellee]

Don't panic too much, isn't this a common thing, when bitcoin increases in a short time, the consequence is that in a short time there will also be a sharp decline, doesn't this look healthier and more interesting than continuing to see bitcoin rise but it doesn't have a strong foundation. we are still on the right track.

It is what we must do if we see the market is dropping. If we are not panic, we will see a chance to buy back and sell in a limited time, and that will be difficult to see if we panic. I hope this time, the price will not go down to another downtrend because people are waiting for the next increases. But if suddenly, the price goes down for more, we can not do anything, but we should prepare to buy at a low price.

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[cabron]

There has to be a good reason before the bear market starts taking over. The previous bear started when google and facebook announced to ban crypto ads on their adnetwork and then all of a sudden the crashing of prices. For now, the bull market hasn't yet started considering the prices of the old tokens haven't lift off. EOS during the last bullrun hit $20+, not it barely can't break $5. 

[Bergkampsballs]

during 2018 and 2019 bitcoin was already in a bear market and the price was on a down trend.
during 2020, 2017, 2016 and most of 2015 bitcoin was in a bull market and it had many drops like this while rising up.
you should get your facts straight...

I never said that a bear market happens every time there's a big dip to be fair, just that it has happened in the past, you seem to have misinterpreted what I was saying but that's OK.

Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?

no, you should sell your bitcoin immediately because you have failed to do the first thing required before investing in something which was research into its history.

OK mate, no worries, is everything OK?

[Bergkampsballs]

There has to be a good reason before the bear market starts taking over. The previous bear started when google and facebook announced to ban crypto ads on their adnetwork and then all of a sudden the crashing of prices. For now, the bull market hasn't yet started considering the prices of the old tokens haven't lift off. EOS during the last bullrun hit $20+, not it barely can't break $5. 

Thanks, I wasn't aware of this to be honest. I can't really see any good reason for a bear market to start now to be fair, I just got a bit spooked and wanted a bit of reassurance. Like most here I'm very optimistic about Bitcoins future so gonna just hodl my way through.

[Myleschetty]

If the correction lead to bear is fine since the crypto market is volatility in nature and I think we need to be bothered every time the market went dip cause we supposed to ride it and find any way to profit from what the market presented cause every market trend have it own advantage.

[posi]

I don't want to get overly dramatic about what's happened today, especially considering that the $32k level that we're at now was a new ATH just a week ago but when Bitcoin has dipped this much in previous years it has led to a prolonged bear market.

First the bear market is not yet to happen but people seems to be extremely surprising whenever the market dump in price whereas it only open windows of new profit opportunities and also make the market healthier. I will say this expensive truth if the market didnt experience this current dump we ought to be expecting a worse corrections.

Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?

I expect this to happen before now and I dont expect a quick recovery.

[LUCKMCFLY]

I don't think the correction indicates a bearish trend season, in fact, a correction is very common here, another bullish run may begin, the good thing about reaching a new ATH is that many negotiations have been with very high amounts, and Those investors will defend their investment at any cost.

[600watt]

I don't want to get overly dramatic about what's happened today, especially considering that the $32k level that we're at now was a new ATH just a week ago but when Bitcoin has dipped this much in previous years it has led to a prolonged bear market.

Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?

25% corrections in a btc bull market are normal. nothing to worry. this is such a weak correction, there isnt even some proper FUD coming with it. in january 2017, for example, we were getting out of the first 3 year bear market. it was not clear if bitcoin would be able to ever get back to those $1k levels. when it finally did in january 2017, China banned bitcoin. for real. price went down from $1100 area to 700 area. it was scary.

[shoreno]

i  think the correction has two kinds , small and big .big correction can be consider as a bear too in other words like what happened before but there are also times that correction starts small then gradually it transform into mid to big or it happens slowly not instantly big .

 often the cause for this is people are panicking and they sell thinking that price can go down for more but if they are only playing it calm and just go with the flow ( buying for more at dips ) the price can surely recover and all can return in track again .

[Bergkampsballs]

This was my first biggish dip so I hope that next time this happens I will be able to remain more level headed. I did forget a few things that I need to try to remember to remind myself for the future:

The governments are constantly printing more money.
The institutional investors are aware of this fact and are just starting to see Bitcoin as a sensible way of counteracting it.
There's a strong possibility of a global economic crash on the way and Bitcoin is a good way to protect ourselves.
Bitcoin is only just getting started, it's market cap is only 7% of the market cap of gold, a figure that is likely to grow substantially in the future.
Bitcoin has just had a big healthy correction suggesting that now is probably an ideal time to buy.

With these things considered I can't see any reason why big investors would be shying away from investing in Bitcoin right now. Any dips will surely just be bought up to prevent catastrophe and continue an epic bull run.

Guess I'm back on the bull train now  

[slapper]

A variety of indicators support the current uptrend. This decline is just a small correction compare to the powerful momentum. Correction is needed so that bitcoin can go even further. We want to see bitcoin at $50000 or even $100000 if our force is strong enough. I know that some of you have rise your awareness after 2017 when most of the people lose their money. But this is just the beginning. So dont worry

[TimeTeller]

A variety of indicators support the current uptrend. This decline is just a small correction compare to the powerful momentum. Correction is needed so that bitcoin can go even further. We want to see bitcoin at $50000 or even $100000 if our force is strong enough. I know that some of you have rise your awareness after 2017 when most of the people lose their money. But this is just the beginning. So dont worry

Many people are worried that the same scenario will happen just like 2017.
But I believe our situation now is different. This pandemic crisis gives a strong support why we need crypto.
Payment sector has been looking into crypto as a viable option during this crisis.
This is the reason why its use case is going stronger, not just for investments.
Definitely, there will be up and down movement, but this time, I believe it will not drop down hard as what happened in 2018.

[Wulan_maniez]

I think personally and if you look at history that have happened like this, this is not heading towards a bear market.
Bitcoin will be a real bullrun. After this  there will be a slow increase,  after  yesterday’s  rapid rise.  Perhaps  this is
a trap to make panic sell for those weak hands. So whales will buy in the depths of the price. But because many of
the institutes hold bitcoin nowday. This correction will not continue.

[Yamifoud]

As long as the pandemic continues, we gonna say that Bitcoin prices remain at a high value. These corrections, the high and low scenarios will keep that trend forever. May huge correction can't be avoided as well but that gonna be of different scenario this time while Covid-19 still exists and I think that we hit back to the hard dipped again as the market still showing high demand for Bitcoin.

[crzy]

I don’t see this one as a real correction and I think this is just a pullback and after this, we will aim to reach a new peak again so let’s not lose our faith to Bitcoin. Well, this is just my speculation and we should still see the market as a whole, see the price actions and the volume of the trade maybe we’re near to end the bull trend, hopefully not.

[Twinkledoe]

I don’t see this one as a real correction and I think this is just a pullback and after this, we will aim to reach a new peak again so let’s not lose our faith to Bitcoin. Well, this is just my speculation and we should still see the market as a whole, see the price actions and the volume of the trade maybe we’re near to end the bull trend, hopefully not.

We are slowly going up again but we don't know how long we can go back to the 40k level again. But seems that the market has a stronghold with 30k, which is actually great. We only saw this level this year and it seems it is holding strong. That means, the foundation is getting solid for bitcoin. I don't know if we can call it already as bear market, as it is not. Just compare the price last year.

[Oasisman]

I don't want to get overly dramatic about what's happened today, especially considering that the $32k level that we're at now was a new ATH just a week ago but when Bitcoin has dipped this much in previous years it has led to a prolonged bear market.

Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?

Looking at how the market was moving lately, It seems that this is just a normal correction, and It also seems like the market is consolidating and will make another run that'll reach beyond $42,000. Anything can happen though, but I guess we're still not going to experience a sharp drop that will lead to another bear season as we have still a lot of good news in cryptospace for Bitcoin to continue the surge.

[Maslate]

I don't want to get overly dramatic about what's happened today, especially considering that the $32k level that we're at now was a new ATH just a week ago but when Bitcoin has dipped this much in previous years it has led to a prolonged bear market.

Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?

Looking at how the market was moving lately, It seems that this is just a normal correction, and It also seems like the market is consolidating and will make another run that'll reach beyond $42,000. Anything can happen though, but I guess we're still not going to experience a sharp drop that will lead to another bear season as we have still a lot of good news in cryptospace for Bitcoin to continue the surge.

I guess we already see the effect of good news, probably it has made bitcoin overvalued as it increased significantly in just a short period of time, hence, a a correction is necessary to make this market stronger in the long run and I'm really expecting that.

As of this moment, I'm not bullish anymore until the next 6 months.

Hopefully I'm wrong.

[Finestream]

Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?

Honestly, it's hard to answer this, ride with it? No, yeah, it's a no for me, bitcoin already hit a new ATH, and I think it will dump for sometime before it will start rising again, and seeing bitcoin still at over $30k, I think we can still see more correction to come.

[newwest]

I don’t see this one as a real correction and I think this is just a pullback and after this, we will aim to reach a new peak again so let’s not lose our faith to Bitcoin. Well, this is just my speculation and we should still see the market as a whole, see the price actions and the volume of the trade maybe we’re near to end the bull trend, hopefully not.

We are slowly going up again but we don't know how long we can go back to the 40k level again. But seems that the market has a stronghold with 30k, which is actually great. We only saw this level this year and it seems it is holding strong. That means, the foundation is getting solid for bitcoin. I don't know if we can call it already as bear market, as it is not. Just compare the price last year.

It has corrected from 40k and has being for now couple of days with this price range near 33k, so seems it is finding resistance near this level. If it can still hold at this price for next couple of days then might not be a too much fall, I do look at it. Infact then it is a time to buy because with some buying it can shoot up again and be near that 40k price. So profits just might be on cards from here.