We entered a bear market earlier than expected

[hatshepsut93]

You can't really proclaim a bear market based on a single day dip. It could be it, but it could also be just a correction. There are no technical indicators that suggest that we are in bear market already - like the famous "death cross" pattern when 99d MA and 7d MA cross each other.

It's true that any dip could be the beginning of bear market, but it only becomes clear after at least a few weeks.

[btc-room101]

Lol, a newbie predicting that we are in a bear market, Last January and February we saw bitcoin lost 23%-26%, so even if we go to 30%, which I don't see happening, could really be just a dip.

As you have said this crypto is unpredictable and yet you are saying that we are in a bear market. You totally contradict yourself.

Lol, he doesn't even know what a bear market means. According to Investopedia: "A bear market is when a market experiences prolonged price declines."

If we keep like this for a while we can start saying that we are in a bear market but not now.

A bear market is a sustained 20% decline. Fact.

Lot's of big players got involved in the last few months BTC went parabolic, bound to be that same big players would take their profits, as this is what big players do. Only fools HODL

Personally I agree that if you mine, then HODL, keep it forever; but if your paying real cash for btc, then by all means take your profit while you can.

I have never sold crypto, for the simple fact that I don't want the 'record', and the same goes for buying. But there are clearly tons of people trading crypto on trading-exchanges, and of course we are well aware that some +80% lose their money 100% in a few months, on average, so for those people sure by all means HODL

Long term for BTC is clearly zero in terms of value, as certainly in the coming years btc will be 100% hacked; The 'ownership' never really goes away, just trades hands; losers & winners, and people who staked with real cash will be losers, those that switch from mining to 'searching for lost coin' will be the new HODL'ers until somebody else 'finds' their coin; Certainly only a child would continue this game, or repeat in the case definition of insanity.

When the majority get burned, and find their btc gone, e.g. zero on their account, eventually the word will get out, that yes you might know some 'magic numbers', but it can never be converted into FIAT, or gold for that matter. So what would be the point of continuing to play with magic numbers?

Somebody will come out with a alt ( feces-coin ) that is a bit-coin killer, I would suspect 2^1024 bit strength EC, and sha1024 hashing, whether they can map the old-school btc to the new super-secure btc is anyones guess, I think that btc-core will die of its current death, one of the clones will continue to improve; Eventually the coin that doesn't get hacked is the real winner.

Probably the only real advice today is "take your profit", and if you believe in crypto, then diversify, nobody knows which will be top in the future, and it certainly will not be  btc, it was first, but like Lotus-123 first, doesn't mean anything 10+ years in the future.

BTC has lots of problems, speed, transaction rate, fee-rates, easy to hack; Some clever group will get it together, and market it correctly, and create btc 2.0 who that be is anybodys guess, but wealth makes people soft, my personal bias is that neither BTC or ETH will be at the in 5+ years.

The founding fathers of Core&Ether are simply going to get fat&lazy, some young hungry people will address the short-comings of btc, and one morning the elders will wake up and btc will be worth nothing, which is another reason clever people take their profits while they can.

[Oceat]

Bitcoin 15%- the major cypto -25% and tomorrow will be 30%- massive hit comming. You will see at 6 am when you wake up.
We enter a bear market now. I expected it to last longer but this is the end,

This the beauity of crypto is unpredictable. I am in 15k I don't sell anything and don't feel anything.

Just because the market is in dip doesn't mean it's already in a bearish trend you are making a thread without a baseless discussion. Of course, Bitcoin price is moving up and down but suddenly Bitcoin did try to break a new resistance level and it did test the $64k that almost break &65k.

It's just normal to assume that the is suffering only the slight correction effect when it's suddenly broke the $64k resistance level and as you can see, weak hands now are suddenly dumping their holdings but obviously Bitcoin is up to the test again so it's their lost if they gained profit from dumping too early.

[South Park]

Bitcoin 15%- the major cypto -25% and tomorrow will be 30%- massive hit comming. You will see at 6 am when you wake up.
We enter a bear market now. I expected it to last longer but this is the end,

This the beauity of crypto is unpredictable. I am in 15k I don't sell anything and don't feel anything.

Three days of negative prices do not make a bear market, the drop of 15% without a doubt is important but we are still above 50k and the bears were unable to break that barrier, we will have to wait and see what happens from now on, could this be the beginning of a bear market? Yes but it is too son to tell that with any degree of certainty, also it is going to be difficult to break the positive trend that we have so I do not see the bear market appearing that soon.

[ilovealtcoins]

To conclude a bear market after two days of decline is unreasonable. We see the market going up steadily for several months, so it is normal to adjust the price for a few weeks.
Today, a lot of bitcoins are exported from exchanges. This also means that people's demand for bitcoin has yet to decrease. I believe that bitcoin will soon return to growth in May and June.

[TangentC]

Bitcoin 15%- the major cypto -25% and tomorrow will be 30%- massive hit comming. You will see at 6 am when you wake up.
We enter a bear market now. I expected it to last longer but this is the end,

This the beauity of crypto is unpredictable. I am in 15k I don't sell anything and don't feel anything.

What is funny, is Doge price is holding steady while all of the others are dropping.

Wonder if everyone else is selling , so that they can buy Doge instead.

https://coinmarketcap.com/currencies/dogecoin/

[carlisle1]

To conclude a bear market after two days of decline is unreasonable. We see the market going up steadily for several months, so it is normal to adjust the price for a few weeks.

There are many factors that will affect this downfall, if more weak holders follows this trend then we will be able to see more dumped to come

as it really hurt the market if there are more sell pressures than those who'll buy and hold.

Today, a lot of bitcoins are exported from exchanges. This also means that people's demand for bitcoin has yet to decrease. I believe that bitcoin will soon return to growth in May and June.

Very possible that there are institutional investors who are now keeping their assets, people who knows the value of this market, they are willing

and ready to wait to whatever this trend will bring them.

[Distinctin]

To conclude a bear market after two days of decline is unreasonable. We see the market going up steadily for several months, so it is normal to adjust the price for a few weeks.
Today, a lot of bitcoins are exported from exchanges. This also means that people's demand for bitcoin has yet to decrease. I believe that bitcoin will soon return to growth in May and June.

If bitcoin will continue to dump in the next days, i must say this might be the start of its bear season. There's no need to worry actually because we know the potentials of bitcoin and expect that it will soon rise again with a new heights. Btc are dumping. This will give us opportunities especially for newly investors to start buying them while the price is cheap.

[XCANA]

Do you carryout your TA at all before talking about the next dip to be 30%?, there is always a resistance in the market which the current market hold and nothing to be afraid.

We all know that there are rumors around the internet but i don't personally see how long these rumors will hold the dip. Sometimes these institutions do these things to ensure many drop out from this journey, recently we saw a dip around 10% and the market recovers so, this won't be a different type IMO. Also, the market has done well in the couple of days and we were awaiting the bears to fight back, and here we are with the bears fighting currently but there's already a strong resistance IMO.

[teosanru]

Bitcoin 15%- the major cypto -25% and tomorrow will be 30%- massive hit comming. You will see at 6 am when you wake up.
We enter a bear market now. I expected it to last longer but this is the end,

This the beauity of crypto is unpredictable. I am in 15k I don't sell anything and don't feel anything.

Haha if your idea of a bear market is that it will come in just a couple of days after a 6-month long bull market you really need to get your basics right. The market isn't a game where numbers move it's actually the money and emotions of the people in the play. If you see the crash in 2019 again. The market gave everyone more than 2-3 chances to exit at a good point around 10% below the all-time high. Bitcoin didn't come down to 3k in a week. It took BTC almost 70-80 weeks to get back down again from where it jumped really nicely. So chill and relax a bit everyone who took trades at around $40-50k will book their profits as the market touched almost 64k. Now new people will enter at this point and market will again try to break its earlier resistances. If it succeeds in doing that. We are good but if it fails to do that then there is a hint of bear run and it will be said to have been started after this cycle happens at least 2-3 times.

Have a look at this image for your reference. The market bounced back after falling so many times:



This indicates that how the market doesn't fall in a straight line. It will fall after there is a lower low followed by a lower high and this series continues for some time. Try to buy something in this discount as BTC could retrace itself back.

[TopTort777]

We are not in a bear market, we were simply caught in trap. Some people say that the market was pumped before Coinbase IPO or oversaturated with money. Now, when the hamster has bought at high COIN, it was time to make a major drop. It does not look like a correction either, because loosing 9% in a single day is a lot. If I'm not mistaken, since February, today market felt the biggest drop so far.

[Streets 2.0]

I do not think that this is a full-fledged reversal, but rather a correction against the backdrop of rumors that ultimately turned out to be unreliable. It's easy to double-check and we already know about it. I am sure that soon when traders and the market as a whole figure out what was the matter, the losses will be won back and perhaps we will still break through the level of 65 thousand dollars and go higher. But if all the same it will be a long-term bearish trend - no one will say how deep we dive and where the bottom will be. Time will tell, but don't panic yet!

[royalfestus]

Bear market is likely to come early but this is not the beginning of a bear market. Its a money game and technical analysis may not be enough to determine the position we are in the cycle except for comparison with previous. A lot of shorting had happen in the past few weeks with the aim of longing into the end of the year, Have not seen any remarkable price movement of Ethereum to produce a good ATH from the previous and many coins especially the bitcoin hardfork are still far from ATH as coin on the top 100 on coinmarketcap.

[Rikafip]

Seriously, do we need a new "we entered bear market" topic every time that we see 10-15% correction? I thought by now people won't even twitch at these price movements (I know I didn't) and these kind of corrections as we have seen those so many times before.

In short, nothing out of extraordinary happened. Some people took out the profit and we will see attack on the new all time high soon. As simple as that.

[tippytoes]

Seriously, do we need a new "we entered bear market" topic every time that we see 10-15% correction? I thought by now people won't even twitch at these price movements (I know I didn't) and these kind of corrections as we have seen those so many times before.

In short, nothing out of extraordinary happened. Some people took out the profit and we will see attack on the new all time high soon. As simple as that.

People panic and one way to release that panic is to say something like this. If we compare it with the last decade of bitcoin, are you going to say the price today is in the correction stage? I don't think so. Common, we are now back to 55k level. Do you think it is in the bear season comparing it to previous years? Why people can't appreciate of what bitcoin accomplished. As you said, this is only a correction that should happen in a normal market. People should not make this a big deal as if bitcoin goes back to 10k level.

[jahepahit]

its not as if there wont be a dip, and most times it dosent come in an expected way. moreso we are still in bullish season and you wont expect market to go in one way. the way you want it to go up some people also want it to come down. thats the beauty of the market. this is not bear yet.

[bobyhodob]

the issue of fud from a big country is very influential in crypto, I am annoyed when I wake up to see the red market and my pnl is also a lot minus

[bobyhodob]

its not as if there wont be a dip, and most times it dosent come in an expected way. moreso we are still in bullish season and you wont expect market to go in one way. the way you want it to go up some people also want it to come down. thats the beauty of the market. this is not bear yet.

is it likely to go up again bro? So after the bulls continue to circulate rumors for people to buy the price dip? if the probability goes up I will buy some more bitcoins

[lionheart78]

We are not in a bear market, we were simply caught in trap. Some people say that the market was pumped before Coinbase IPO or oversaturated with money. Now, when the hamster has bought at high COIN, it was time to make a major drop. It does not look like a correction either, because loosing 9% in a single day is a lot. If I'm not mistaken, since February, today market felt the biggest drop so far.

Coinbase news really affects once the crypto market price in a day the decline reaches 10% which is very high lol, I hope the market will recover quickly because I am minus lol

We all hope that the market will recover but well that is BTC for you, today it is surging, tomorrow it is dumping but one thing I know a Bull trend has its hiccup namely higher low, that is when Bitcoin take a break from its surge and take some correction before surging again.  Who knows maybe next time when the BTC market records it another higher high it is to break the $65k barrier.  All we know it fell short last time @ $64,805.00 on Apr 14, 2021.

[Twentyonepaylots]

This has been going on for ages here at the crypto community, it's not like this is the end of the world for us because we all are confident that we'd get more of this in the future, quite possibly along with ATHs as well. So don't FUD, rest your feet on something comfortable, probably crack open a cold one with the boys, because this bear market will not be the end of bitcoin. Neither will the future bear markets be its demise.