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Author Topic: Bull run is over?  (Read 3509 times)
makishart
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March 01, 2021, 11:46:23 PM
 #81

why you said if top coins prices dropped ? do you see the price of cardano my friend, ? its climbing now,
and this dropped price is only a corrections because of the statement from Mrs, Janet yellen few days ago about bitcoin
It's only ADA but all of legit coins (bitcoin too) were getting dumped due to the sell off by the whales. If you are reading it properly and then the context is about all of crypto and it's not only about ADA.
Ada was facing another hardfork and that gives a lot of hype to the price of token.
If you are also watching the news regularly and it's not caused by janet yellen. Some people accusing f2pool caused by this pool dumped its bitcoin.

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March 02, 2021, 01:51:38 PM
 #82

I think the decline that occurred in BTC and other altcoins is only due to corrections, after this the price of BTC and altcoins will increase again, this is a great opportunity to buy altcoins for investment, so, I'm sure the bull run is not over yet,
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March 02, 2021, 02:28:35 PM
 #83

I think the decline that occurred in BTC and other altcoins is only due to corrections, after this the price of BTC and altcoins will increase again, this is a great opportunity to buy altcoins for investment, so, I'm sure the bull run is not over yet,

It is just a temporary phase of the downfall and again soon the prices if we see have already crossing 49200$. So, it was just for few days where the dips happened but now holding strong and buy demand might just continue rising the price. So looks good for the buying opportunity again and this bitcoin run will help the altcoins to continue rally as well.


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March 02, 2021, 06:32:43 PM
 #84

I think the decline that occurred in BTC and other altcoins is only due to corrections, after this the price of BTC and altcoins will increase again, this is a great opportunity to buy altcoins for investment, so, I'm sure the bull run is not over yet,

It is just a temporary phase of the downfall and again soon the prices if we see have already crossing 49200$. So, it was just for few days where the dips happened but now holding strong and buy demand might just continue rising the price. So looks good for the buying opportunity again and this bitcoin run will help the altcoins to continue rally as well.


People are too easy to get manipulated by these fud news recently that's why they were called as weak hands because they easily dump instead of holding they sold their crypto to someone who has the guts to hold more. A temporary drop of price due to the correction is normal and people should understand that.

The market is not yet in a bearish trend since the last price I last year before we reach up to this price right now is below $20k but after a long months of positive news and adoption, Bitcoin did successfully break the $58k new ATH. This month might be the start of slight adoption to massive adoption with huge investors coming.

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March 02, 2021, 07:30:39 PM
 #85

The decline in bitcoin is not just this time, when the bullrun is like now. In the weeks that have passed we have experienced this at a height of $41k
before reaching a high of $57k. And bitcoin sideways in a few weeks to give altcoins a chance to pump. So I don't have to worry about the decline now.
Bitcoin will rise to $60-$70k, but before reaching that price, bitcoin must correct first.

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March 02, 2021, 09:38:24 PM
 #86

I think I already saw this scenario where bitcoin struggle to get back to the price it has previously him.
Just Bitcoin get back to $50k but it didn't stay long, so I guess the trend now is already bearish, or this is just a temporary and short term correction?


Your analysis is wrong. As you can see, bitcoin is above $50k, and it's holding it well. Three times it's been under $50k so far, and it bounced back every time. If you look back a month, you can see that we've had a similar situation at $40k levels.

To me, this looks more like consolidation before the new bull run.


Adjustment will be compulsory and natural.  The market this year is so brilliant and different, we have one of the longest bulls in history, bitcoin also has a new ATH at $ 58k.  Hence, I think it takes time to adjust, but it is temporary.  Last week we fell to $ 43k, but quickly returned $ 50k this week.  Fast fluctuations.  Anyway, based on it, I realized that the psychological volatility was high and the fast take profit was triggered.  Holding is losing feeling to the people.  Hopefully in this March, the market will continue to be calm and fresh to enter the next bull run.
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March 03, 2021, 10:40:18 PM
 #87

It's still not over in my opinion, if you look from history, the peak of the bull run will occur until the end of the year and the peak occurs at the beginning of the month in the following year after that there will be a very big correction, at least that was what happened to the bulls last time.


I hope u r right mate. If it is so, we will all retire lol. But I still think that till the end of April bull market will end if institutional money will not enter this space parabolically.

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March 03, 2021, 10:48:23 PM
 #88

I think I already saw this scenario where bitcoin struggle to get back to the price it has previously him.
Just Bitcoin get back to $50k but it didn't stay long, so I guess the trend now is already bearish, or this is just a temporary and short term correction?

Also, as we can see, altcoins are pretty much affected, most of the coins in the top 100 of the CMC has been significantly affected, most of them are reddish at the moment. 

We can see the coins (https://coinmarketcap.com/_
I cant see for it to be over, trying to check out the entire cap:
Market Cap:  $1,555,267,838,167

$1.5 trillion isnt something that you called for the market bull run to be already on over.For now everything do looks in green or in again but we shouldnt really be that
confident on not to take precautions on sudden market flip change.
Dont let yourself get caught in the middle and ending up holding when the market tends to shift.

R


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March 04, 2021, 03:27:54 AM
 #89

yes in my opinion it's the same, and only altcoins that have the top rank only experience price increases. but the altcoins that are in the lower ranks are having a hard time getting up, because many of the investors are selling their regular coins to spend on bitcoin ...
Which is as it should be, those coins have very little support from the community and for the most part are scams or bad projects, why should those coins go up at the same speed than projects like bitcoin or ethereum? The people that are investing in those projects should understand that they are taking a major risk and even during a bull run there is no guarantee they will make profits, and in fact a bull run could affect negatively those coins as most investors sell their holdings on those coins to invest in coins that have a higher market cap and a bigger chance to capture a larger share of the bull market.

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March 04, 2021, 10:39:41 AM
 #90

I don't understand why people just roam around telling everyone that "Bull run is over"..!!
Cant people see that investors are buying Bitcoin and stashing in wallets every time BTC drops below major support levels..? I am just waiting for more consolidated alt season, only then the bull run will be in its full potential.
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March 04, 2021, 10:53:12 AM
 #91

I don't understand why people just roam around telling everyone that "Bull run is over"..!!
Cant people see that investors are buying Bitcoin and stashing in wallets every time BTC drops below major support levels..? I am just waiting for more consolidated alt season, only then the bull run will be in its full potential.
That's normal if people keep asking whether the bullrun is over or not maybe because some of them wants other people's opinion regarding the state of the market but I do agree just going around saying bull run is over kinda doesn't make sense to me. IMO even the term bullrun and bearish is time relative based on each people, those who intent to hold for a long time gonna see the price of bitcoin as reflected by current chart as bullish since the very beginning despite all the ups and downs.

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March 04, 2021, 10:56:59 AM
 #92

I think I already saw this scenario where bitcoin struggle to get back to the price it has previously him.
Just Bitcoin get back to $50k but it didn't stay long, so I guess the trend now is already bearish, or this is just a temporary and short term correction?
But you haven't saw the scenario last year ? when Bitcoin struggles a lot climbing
to 20,000? when for how many times that the price fluctuate when it's almost reaching the top?
But what happens after breaking that barricade? is this the same scenario now that Bitcoin harder to break the 60,000?

https://coinmarketcap.com/currencies/bitcoin/

Quote
Also, as we can see, altcoins are pretty much affected, most of the coins in the top 100 of the CMC has been significantly affected, most of them are reddish at the moment. 

We can see the coins (https://coinmarketcap.com/_
But yesterday Bitcoin climb up to 52,000 again have not you see the effect in altcoins ? when those top 100 also Gets Green banner almost all of them?

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March 04, 2021, 01:30:30 PM
 #93

I think I already saw this scenario where bitcoin struggle to get back to the price it has previously him.
Just Bitcoin get back to $50k but it didn't stay long, so I guess the trend now is already bearish, or this is just a temporary and short term correction?
But you haven't saw the scenario last year ? when Bitcoin struggles a lot climbing
to 20,000? when for how many times that the price fluctuate when it's almost reaching the top?
But what happens after breaking that barricade? is this the same scenario now that Bitcoin harder to break the 60,000?

https://coinmarketcap.com/currencies/bitcoin/

Quote
Also, as we can see, altcoins are pretty much affected, most of the coins in the top 100 of the CMC has been significantly affected, most of them are reddish at the moment. 

We can see the coins (https://coinmarketcap.com/_
But yesterday Bitcoin climb up to 52,000 again have not you see the effect in altcoins ? when those top 100 also Gets Green banner almost all of them?

Bitcoin failed to rise further again and it dropped again below $50k, how many times it will continue to drop before the bear market will start, or how many times it will try to break the wall to reach a new ATH? We just have to guess and anything could happen as the market is still quite bullish.

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March 04, 2021, 01:35:06 PM
 #94

I don't think so mate, instead what i believe is Bullrun is just started again this March to make another ATH Because the target was not been reached as the breaking of 60,000$ got stopped by forces that wanted to manipulate the market.
I don't understand why people just roam around telling everyone that "Bull run is over"..!!
Cant people see that investors are buying Bitcoin and stashing in wallets every time BTC drops below major support levels..? I am just waiting for more consolidated alt season, only then the bull run will be in its full potential.
You can't blame them because they have limited funds that vested in Bitcoin so when the price Fall hard they are crying for their funds that has losing .

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March 04, 2021, 01:36:42 PM
 #95

indeed if we see an increase in the price of altcoins it is influenced by the price of bitcoin itself. if bitcoin has increased in price, alt will actually experience a decrease. because some of the traders sell their alt to buy bitcoins

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March 07, 2021, 06:28:54 PM
 #96

Bitcoin can in any case go high if there's an all the more uplifting news coming into this market, there's no solid obstruction for Bitcoin if its intended to go up, yet right now its better to take benefit for some time. I think this isn't anything for altcoins now. Perhaps with the exception of Ethereum. We may see undeniably greater interest in better altcoins simply this year.

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March 07, 2021, 08:06:06 PM
 #97

Bull run not over, markets as at now are just finding a way to get liquidity to push price up, so any weak hands will be formed to panic sell to the sharks and in no time price will be hitting or breaking it's all time high and for the year 2021 cryptocurrencies have had a fair share of media coverage, imo I see more first time users boarding the crypto ship which will contribute to having a bull market.
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March 07, 2021, 09:05:17 PM
Last edit: March 09, 2021, 12:15:13 AM by seleme
 #98

Maybe your prediction is wrong, you should believe that this year there will be a big surprise that happened, and now we feel the price of bitcoin rises so fast and everything happens not as we ever imagined, and this is not over because the price of altcoins are not yet at the highest level when the price of bitcoin is so high, then all can follow the flow of bitcoin but it all takes process.
That is right it is just prediction and none can predict what will happen. We should wait and analyze the market, as you said if we believe this year will be the best for us, maybe you can have more chance. That is why emotion is so necessary, on the other hand, BTC will keep increasing and it will affect the price of other cryptocurrencies. BTC doesn't deserve 50k and it will not the same in the future. There are also chances for other projects, ETH is my second favorite crypto and this coin doesn't also deserve 1.5k. Both of them are great choices for long-term investing, the bull run is not still over. That means it is not still late yet.

Bull run not over, markets as at now are just finding a way to get liquidity to push price up, so any weak hands will be formed to panic sell to the sharks and in no time price will be hitting or breaking it's all time high and for the year 2021 cryptocurrencies have had a fair share of media coverage, imo I see more first time users boarding the crypto ship which will contribute to having a bull market.
Illiquid market conditions mean less commissions for market makers, they will create a fake breakout to push the both bulls and bears to the wrong side. Even wrong trades by small percentage of bulls can push the liquidity and the market makers can fill the orders with manipulating the media or other possible things. It is shameful that no one asks a single question when the whales manipulate the crypto markets but they keep scamming the small traders every day.

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March 07, 2021, 09:41:25 PM
 #99

Bull run not over, markets as at now are just finding a way to get liquidity to push price up, so any weak hands will be formed to panic sell to the sharks and in no time price will be hitting or breaking it's all time high and for the year 2021 cryptocurrencies have had a fair share of media coverage,
Bitcoin keeps coming back, it dump below $50,000 but it's now coming back again. It's been trying many times to rise to the higher grounds but it's constantly been rejected, if bitcoin won't be able to break that resistance, then maybe that's the start that it could go down to $30k.


Quote
imo I see more first time users boarding the crypto ship which will contribute to having a bull market.
They're here because of FOMO, and that is not good because they'll also be the first to panic when the price starts to dump.

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March 08, 2021, 03:42:03 AM
 #100

I don't understand why people just roam around telling everyone that "Bull run is over"..!!
Cant people see that investors are buying Bitcoin and stashing in wallets every time BTC drops below major support levels..? I am just waiting for more consolidated alt season, only then the bull run will be in its full potential.
Despite all the talk about technical and fundamental analysis people do not use them at all, for the most part everything is about what they feel, bitcoin despite its growth has not moved positively as much as it did a few weeks ago and that is more than enough for them to claim the bull market is over even if all the evidence points to the opposite conclusion, so I will recommend that you stop listening to those people as for the most part they do not know what they are talking about.

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