We entered a bear market earlier than expected

[Twinscoin2017]

I think we are still in a bullish season, dropping of bitcoin price is a correction or maybe many people sell thier bitcoin that's why it drops, that short dropping of price doesn't mean more to me, i experience year 2017 bullrun and correction is not new to us, so as long as bitcoin never go down below 30k$ i still believe that it will rise again up to 50k$ or more so we don't need to worry about it hold strong for big profit.

[Oasisman]

I think we are still in a bullish season, dropping of bitcoin price is a correction or maybe many people sell thier bitcoin that's why it drops, that short dropping of price doesn't mean more to me, i experience year 2017 bullrun and correction is not new to us, so as long as bitcoin never go down below 30k$ i still believe that it will rise again up to 50k$ or more so we don't need to worry about it hold strong for big profit.

I'm not yet to call it bearish, but I'm also not sure that we're still in a bull market after breaking the $50,000 strong support.
Though there are still a lot of bullish news, but It seems like Bitcoin is down this week.
Let's see what kind of price action Bitcoin will show us next week.
If Btc goes below $30,000 then I might say that we're already approacing the bear market.

[passwordnow]

When BTC tops 100K people will still be calling doom and gloom if it pulls back to $75K.

Exactly. They would still call it out that it's the end of bitcoin and there's more tomorrow on it. We see the same situation as always when bitcoin drops. Even the drop is tolerable, they would assume that it will never ever recover anymore. But in that matter, they've sold already at loss and there's no way for them to retrieve what they've sold because they're too scared of the market. The aim for $100k is likely and that's the next ATH where many would likely to sell.

[Febo]

I think we are still in a bullish season, dropping of bitcoin price is a correction or maybe many people sell thier bitcoin that's why it drops, that short dropping of price doesn't mean more to me, i experience year 2017 bullrun and correction is not new to us, so as long as bitcoin never go down below 30k$ i still believe that it will rise again up to 50k$ or more so we don't need to worry about it hold strong for big profit.

I'm not yet to call it bearish, but I'm also not sure that we're still in a bull market after breaking the $50,000 strong support.
Though there are still a lot of bullish news, but It seems like Bitcoin is down this week.
Let's see what kind of price action Bitcoin will show us next week.
If Btc goes below $30,000 then I might say that we're already approacing the bear market.

You will not know if we are in bear market once we will be close to the bottom. Bottom will be 80% down from ATH. So lets say bear market started now. Bottom would be at sub $15k. I dont believe we are in bear market. I will not know if I am right before Bitcoin gets over $65k or before half year pass.

[South Park]

What happens is that while people like you and me that have been in the market for a  long time what we are seeing is nothing special, for the people that have been part of this market since the pandemic started this is completely new, they have been spoiled by bitcoin as it seemed it will always go up and now they are worried because it is becoming obvious to them this is not always the case, anyway let people complain as that is the only way in which they can actually learn.

True, they way we look a corrections like this is just a matter of experience, and it can indeed be frightening for someone who thinks hat he lost 20-30% of his portfolio  after months of constant growth where it looked like you can't make a wrong move.

If I remember correctly there 5 similar corrections during 2017 bull run, and so far this year I think that we experienced two or three. So a least few more ahead, if we are basing it on previous bull run, which may be completely different as market is more mature imho.

I also noticed that, the road we went through 2017 was more bumpy so it gave people the time to adapt to the way bitcoin moves, but this bull run has been very smooth which is why many people seem to be surprised by the sudden movements we saw lately, but despite all of that the price of bitcoin is once again back on track and we are probably ready to challenge the 60k price again during the next weeks as bitcoin is once again gathering strength to do so.

[wiss19]

I also noticed that, the road we went through 2017 was more bumpy so it gave people the time to adapt to the way bitcoin moves, but this bull run has been very smooth which is why many people seem to be surprised by the sudden movements we saw lately

Yeah, there are lots of differences between 2017's bull run from the current one; but when you are having enough trust on bitcoin and its future then you never need to worry on any correction on even on crash. I agree bull market must be a primary thing for adoption happening and I guess that will not be affected due to various pace of bull run. Still I need to mention here what I do see always veteran people do say: what is rising fast will fall faster. So, this type of corrections are essential so that bitcoin will slowly rise up.

[Rengga Jati]

It is still on a bullish trend and the market is still ongoing. We know that several days ago was a hard time because Bitcoin fell so drastically that influenced the price of altcoins also falling down so a dip. Most cryptos dropped so much so that they need more time to be back again.
but bitcoin is now going back to the top again, breaking the resistance and flying to more than 50kagain.
I personally believe that bearish is not ongoing, that is a market correction, but yeah it is deeper than we thought. However, now is still a bullish period, let;s see what will Bitcoin bring for the bullish time later.

[Luqman]

We enter a bear market now. I expected it to last longer but this is the end,

Why you are so confident claiming that we are starting the bearish season? It is not a bearish season yet, the current drop in crypto prices is just a correction. You must do more research before you claim or decide something. I think you are too frustrated to see your crypto values dropping the values. Don't worry bro, the price of crypto coins already increase again.

[Quidat]

We enter a bear market now. I expected it to last longer but this is the end,

Why you are so confident claiming that we are starting the bearish season? It is not a bearish season yet, the current drop in crypto prices is just a correction. You must do more research before you claim or decide something. I think you are too frustrated to see your crypto values dropping the values. Don't worry bro, the price of crypto coins already increase again.

Some people do really have these kind of reactions anytime they do saw some correction and then try to claim that we are already a on bear season as we do look at on the current
market then no doubt that we arent still on a bear season since its recovering or even reaching new ATH's specially into some Alts which does indicates that we arent into that
situation yet.Why  people are really in a hurry to see a bear season?

Lets wait because we would eventually be there but hope that it wont really be that as bad just like into those 2018 where prices is almost in the floor.

[magneto]

What are you babbling about?

The rebound at $50k just shows how strong the support still is at that level and there seems to be no signs of the market sentiment declining any time soon. In fact, I'd expect the FOMO to get even bigger given that people have now seen first hand how strong the institutional bagholders are and will be.

Definitely not in a bear market and probably won't be for another half-year at the very least.

[Bagaji]

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.

Good to know that you were in when Bitcoin market value was $15k and you are still holding, though I don't know how many units of Bitcoin you were able to buy when its value was that low.

[justdimin]

as long as bitcoin never go down below 30k$ i still believe that it will rise again up to 50k$ or more so we don't need to worry about it hold strong for big profit.

You are referring to something impossible as a strong support level; with recent correction bitcoin market did not go below $47k levels and sharply increased from there toward $56k levels. So, we can assume that we have not entered into bearish market yet; that was just another market fluctuation.

Bitcoin is trading now below $53k levels around its support levels and this current trend of falling down may persist until $51k levels. Still we can term this also another usual market fluctuation and nothing more.

[Becky666]

We enter a bear market now. I expected it to last longer but this is the end,

Why you are so confident claiming that we are starting the bearish season? It is not a bearish season yet, the current drop in crypto prices is just a correction. You must do more research before you claim or decide something. I think you are too frustrated to see your crypto values dropping the values. Don't worry bro, the price of crypto coins already increase again.

You don't really have to cast blame on them as many of them do have this disbelieve that bitcoin on correction is something that won't be reverse again. We have seen things of this nature, for bitcoin to make some good profit from January, 2021 to this day when some drop occurring about 20% shouldn't be a big deal IMO. Even before the bears set in, there were news or rumors about the correction and this should not be something that happened suddenly, there will be bullish again at the end - OP- should just wait.

[rahmatrf331]

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.

I don't know whether we are in a bear market from now on but there has been a huge downfall in the market its's for sure. For example, in only one night, Bitcoin price dropped down to 52.8k dollars. It's really huge. I wonder whether we will see it continuing. The price is between 54-55k now.

it looks like bitcoin will fall at the level of 50-54, but it is unlikely. The $ 50k rebound just shows how strong support is still at that level and there doesn't seem to be any sign of market sentiment slowing down anytime soon. In fact, I expected the price to be even greater considering that people have now seen first hand how strong asset holders will be.

[Ararbermas]

Bitcoin still at the range with a strong support so its not possible to happen, the movement nowadays seems more on fluctuations but still had high trend in my view, perhaps when we saw a long low trend in its graph there's a possibility because that's how it start when before it becomes bearish trend. But seems now still at good conditions despite of some fluctuatios.. And btw your prediction isn't good and that's very obvious that you just trying to play a games with some enthusiast here. Try to give some informative thoughts/prediction sometimes mate..

[cryptomaniac_xxx]

Bitcoin still at the range with a strong support so its not possible to happen, the movement nowadays seems more on fluctuations but still had high trend in my view, perhaps when we saw a long low trend in its graph there's a possibility because that's how it start when before it becomes bearish trend. But seems now still at good conditions despite of some fluctuatios.. And btw your prediction isn't good and that's very obvious that you just trying to play a games with some enthusiast here. Try to give some informative thoughts/prediction sometimes mate..

Fluctuations? that's more of a trading sideways or better yet period of accumulation. And now we are not seeing any bearish trend, the bulls are still in total control of the market. And after the FUD's we have settle down a bit that's why the market is on a sideways pattern. This is a good indication that we are going to have a break out run this May and probably will have a new all time high.

[leea-1334]

Fluctuations? that's more of a trading sideways or better yet period of accumulation. And now we are not seeing any bearish trend, the bulls are still in total control of the market. And after the FUD's we have settle down a bit that's why the market is on a sideways pattern. This is a good indication that we are going to have a break out run this May and probably will have a new all time high.

Some people will see anything they want in any pattern you present them,,, this is a known phenomenon for traders;) Instead of looking for data to objectively build a picture, they have a picture already set in their mind and will look for data to back up that picture.

But this is why I find TA a bit misleading. We are all seeing the same charts but some of us believe it is accumulation, others see it as weakening rallies, some see it just as plain sideways.

[South Park]

I also noticed that, the road we went through 2017 was more bumpy so it gave people the time to adapt to the way bitcoin moves, but this bull run has been very smooth which is why many people seem to be surprised by the sudden movements we saw lately

Yeah, there are lots of differences between 2017's bull run from the current one; but when you are having enough trust on bitcoin and its future then you never need to worry on any correction on even on crash. I agree bull market must be a primary thing for adoption happening and I guess that will not be affected due to various pace of bull run. Still I need to mention here what I do see always veteran people do say: what is rising fast will fall faster. So, this type of corrections are essential so that bitcoin will slowly rise up.

I do not have a problem with the movements we are experiencing as what we saw in 2017 was way worst when it came to the volatility of the market, however a person that was expecting to just buy bitcoin and make profits are for a rude awakening as it seems it is going to be harder for bitcoin to grow from now on, but I think that the whales are doing what they can to weaken the bears and once the field is ready the price will grow in an explosive way.

[fadhilz123]

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.

We entered a bear market?? Really? No, only you and less knowledgeable people claim like that. For me and other people who know about crypto say the opposite. we are still in the bull market. If you think bull market always pump, you are miss understanding, in the bull market also have corrections, but after correction will pump again.

This is the end?? Lol, another funny thread from newbie

[philipma1957]

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.

We entered a bear market?? Really? No, only you and less knowledgeable people claim like that. For me and other people who know about crypto say the opposite. we are still in the bull market. If you think bull market always pump, you are miss understanding, in the bull market also have corrections, but after correction will pump again.

This is the end?? Lol, another funny thread from newbie

The problem is they are not locked and deleted.  Or locked and archived.

To be a bear market we would need to drop under 40k and stay under 40k for at least 6 weeks.  And that would mean most likely we are bear.
April just past .

we were 27 days above 50k

and only 3 days below 50k

That is not a bear market.


Here we are in may 2 days above 50 k and 0 days under 50k

that is not a bear market.


Is the thread lock and archived as a lie no.  It sits there with a lie in its title.

Now do I hate the op no

do I think the op is hire to lie and state we entered a bear market.  maybe

in fact it is more than likely he knows exactly wha a bear market is and has chosen to lie so this title show in searches.

All replies should retitles the thread title like I did.


BTW this is factual that we are not in a bear market as the definition of a bear market has not happened.