Could this correction lead to a bear market for Bitcoin?

[carlfebz2]

I even doubt that we are going to see a price as low as that, however the dominance of bitcoin is going down once again which means that there is some money going out of bitcoin and finding its way to altcoins and this is never a good thing, not because I hate altcoins but because sooner or later this means that speculation is taking over the market and while this may make the price of all assets on the market to go up at the same time a significant crash will most likely follow.

I believe the reason why there is money going from bitcoin to altcoins is that there are too many people who think bitcoin did increased as much as it can, maybe it could be 40k or even 50k but that is not going to be too much whereas with the same amount of money used for some altcoin we could have 2x or even 3x increases which is the point of trading.

I am not saying this is a good idea but I know a lot of people and communities that believes this and that is why they do it. If they could put 10 billion dollars collectively into bitcoin, they could maybe make it go 2x, if they put that into ethereum they could 4x and if they do it on doge they could easily 20x and that is why people are moving towards altcoins. Look at what doge did after few tweets, you think that is sustainable? It is not but it shows the world that it is that simple to increase the price.

I know that economically it make sense however the reason this worries me is that when the price of bitcoin is going up and its dominance is going up as well this is most of the time a sign the growth is robust and that it is fundamentally based but when we see altcoins going up faster than bitcoin that is a sign that speculation has taken over the market and while the price of most coins will go up at that point at an even faster phase this just means that sooner or later a crash will come.

We  cant really just see a market that would just continue to rise.There would be always a correction that lies ahead thats why its better to secure things up rather
than making yourself missing out those profit opportunity that you had already made.

For now the bullish movement is still great but i wont be surprised if the trend would really shit in other way around.Neither those dominances would go
up together or would go to the opposite it doesnt matter because things can happen without knowing it.

So its be better to be wise and watchful on possible things that might happen.

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[Zemomtum]

Bitcoin will do something unexpected this year as it will not do correction deeply as most people expected. There will be a lot of surprises while most of the altcoins will suffer for it.

[Finestream]

Bitcoin will do something unexpected this year as it will not do correction deeply as most people expected.

How can we assure that, the run in 2017 seems to be the same this year, the only difference is the based amount, if I'm not mistaken, the run in 2017 started at $1k and end almost $20k, this time at $5k I believe, so it has not x10 or x20 yet.

There will be a lot of surprises while most of the altcoins will suffer for it.

it's not a surprise that altcoins are suffering, but it's still good because some major and legit altcoins are having a bullish run as well.

[SquallLeonhart]

We  cant really just see a market that would just continue to rise.There would be always a correction that lies ahead thats why its better to secure things up rather
than making yourself missing out those profit opportunity that you had already made.

For now the bullish movement is still great but i wont be surprised if the trend would really shit in other way around.Neither those dominances would go
up together or would go to the opposite it doesnt matter because things can happen without knowing it.

So its be better to be wise and watchful on possible things that might happen.

Acting before something happens is the problem most people have, of course watch the markets and be careful about what could happen but that is something you do when you realize there is a movement and something is off, that is when you "react" to it because reacting means acting after something is going on. However there are too many people who think they are very clever and act beforehand and get out thinking it will go down or buy because it will go up without the price actually doing something, at that point it is a problem because if you move without market moving that means you are not reacting, you are just acting.

If you do that without having too much experience in crypto, I think it is not going to be profitable, in fact you will probably end up losing money from it. Obviously nobody could guarantee profit either way but I would say do not move before market moves.

[StreakW]

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?

You are so dramatic, and what kind of business usual do you mean?? I hope you keep watching the bitcoin price and your drama is over now. I suggest for you stop be panic if you see a drop in price because this is so natural and every coin (except shitcoin) will dump to prepare the big increasing

[Cherylstar86]

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?

You are so dramatic, and what kind of business usual do you mean?? I hope you keep watching the bitcoin price and your drama is over now. I suggest for you stop be panic if you see a drop in price because this is so natural and every coin (except shitcoin) will dump to prepare the big increasing

No drama can change the perspective that we had with bitcoin right now, reality was speaking for the truth. What we need to do now is avoid panic, because that emotions would lead to devastating and wrong decisions. Talking about dumping has nothing to do with small fluctuations, and if you're having enough asset; take time to relax and wait until it's time to sell.

[Hippocrypto]

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?

Most situations that I seen right now on bitcoin was slight fluctuations compared from those days of bearish market. ATH was still ranging from time to time, recovery is faster than declining behavior of bitcoin market. What we're seeing these days is the activities that the people has been showing to us, and as part of the community in which business was running successfully; preparation is needed before possible dips will happen.

[Shasha80]

What the opening post worries about that Bitcoin will soon enter a bear market is not proven. Even the increase in the price of Bitcoin is now
unstoppable, Bitcoin continues to reach the new ATH price. But still Bitcoin is a high risk investment, because the price of Bitcoin can fall
at any time. So always use stop-losses when investing in Bitcoin, although based on my analysis it is likely that the Bitcoin price will continue
to rise in the near future.

[Twinkledoe]

What the opening post worries about that Bitcoin will soon enter a bear market is not proven. Even the increase in the price of Bitcoin is now
unstoppable, Bitcoin continues to reach the new ATH price. But still Bitcoin is a high risk investment, because the price of Bitcoin can fall
at any time. So always use stop-losses when investing in Bitcoin, although based on my analysis it is likely that the Bitcoin price will continue
to rise in the near future.

What we have achieved in these 2 months, is actually great already. So even if there is correction, it will not go down hard as before. There are so many stakeholders and big names that are into crypto already. I don't think we will experience the 5-10k level again. Hopefully.
Bitcoin's rise will not rise forever, so at some point, it will go down. But I believe, it will not be down as before. We already surpassed 30k and it would be hard to go down again to 20k.

[Reatim]

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?

actually this even  make the way to another ATH time and time again , Look at it now mate as the value reached another All Time High at almost 49k dollars.

after falling to 28k level in January , now it is a on the road to 50,000$

Bitcoin will do something unexpected this year as it will not do correction deeply as most people expected. There will be a lot of surprises while most of the altcoins will suffer for it.

Seems like this is starting and the Unexpected to be expected now, Hope will have justice now to take the 100k before 1st quarter ends.

[FanEagle]

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?

actually this even  make the way to another ATH time and time again , Look at it now mate as the value reached another All Time High at almost 49k dollars.

after falling to 28k level in January , now it is a on the road to 50,000$

Of course ATH makes way for new ATH, that is how the system works right now thanks to all the hype and all the love it is getting, I enjoy it very much as well. When there is a  correction, you get rid of the people who think bitcoin became as big as it could get and they feel like they should sell and get out and that is what they get from it, I personally believe that is wrong and I do not think that bitcoin has a "top" price, it will always go up, but when we get rid of those people, there are many more people who think like me left in the market, which causes it to go higher and higher and reach to nearly 50k levels.

This is something we should enjoy very much because as long as there are less and less sellers in the market, that means the price will go higher and higher. Hopefully we will see 100k+ this year, that is what I am hoping for.