We entered a bear market earlier than expected

[Yamifoud]

Well, I hope OP isn't very excited to think about the bear season in every price correction to happen. I feel such negativity especially when you are not confident of what you do. Because if keep worried and think like that, it will be the reason for your failure as it causes panic selling.
Maybe, it is a need for you to stop looking on the market every day and give some space out from crypto. As the more you were always checking your portfolio, the more drags you to think about the negative.

[STT]

If people want a rally surely new money is required and so too the noobie or new people also to crypto, when theres nobody else really entering the space it will be far less dramatic movements I guess.   So perceptions of the noobs I think is some part of the price action, it explains it large part of a news dump the older participants wont react to as much.   If China comes out again and says we've decided crypto is not to be allowed to continue, it would not be anything new but it'd dump the price because of the reaction by some.    Also if nobody posts negative threads I get a little more scared it would properly sell, if nobody has doubts its ironic in being more dangerous I think.  A price often tested is less likely to fail as easily, like folding steel its part of a process.
   I'm only really properly bullish on BTC or just about any product when its fully open to anyone, I'd call it the drunk test I think on a scale of how many pints of beer can you consume and still have good use of that product.   Thats the wider world of incidental usage its massive and every business for scale of revenue is driven towards the mainstream not the elite usage.  I really dont believe in whales or whatever large money story as primary instigator of a good trend growth, thats not bullish for me not beyond speculative purposes.

[CaVO32]

Well, I hope OP isn't very excited to think about the bear season in every price correction to happen. I feel such negativity especially when you are not confident of what you do. Because if keep worried and think like that, it will be the reason for your failure as it causes panic selling.
Maybe, it is a need for you to stop looking on the market every day and give some space out from crypto. As the more you were always checking your portfolio, the more drags you to think about the negative.

People panic when they see price is falling and I think that's normal especially for those who are new to this industry. But later on, they will realize, it is just part of the market movement. Of course, we can't expect that the price will increase forever, where a lot of people want it to behave that way. It is not normal if we only have price increase. At some point, it needs correction, but it doesn't mean, we are already in the bear market.

[beerlover]

People panic when they see price is falling and I think that's normal especially for those who are new to this industry. But later on, they will realize, it is just part of the market movement. Of course, we can't expect that the price will increase forever, where a lot of people want it to behave that way. It is not normal if we only have price increase. At some point, it needs correction, but it doesn't mean, we are already in the bear market.

Yeah many people do get panic themselves on seeing bitcoin prices falling down and then will spread FUDs to make others. This is what I am seeing when most people are rushing here to open a new topic just with their own assumptions and really not having any valid backing points. Bitcoin recently had a correction due to various reasons but right now trading again stronger near $60k levels.

It means we are not yet into bearish mode but we are into a temporary and usual correction which will be compensated with another ATH in coming week; hence assuming about beginning of bearish market is definitely kind of act to spread FUDs in my view.

[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.

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

Even during bull markets bitcoin can range in price during a long time, newbies need to learn a lot more before they even invest in this market but this is what happens when a newbie enters the market and then immediately we see a bull market, they think they are some kind of genius that can read the markets and begin to make all kind of claims about what the market will do when they do not really know what it is going on at all especially when bitcoin is so volatile and unpredictable.

[LUCKMCFLY]

I think that we have not yet entered the bearish market, in fact, the market shows a recovery trend and possibly bearish, since the 4th of this month, it had a fall, but yesterday and today it has recovered from 0.2 % up to 2% today, I think it is hasty to say that we are already in bearish trend, this article gives a small opinion about it:

Even though the price of Bitcoin (BTC) has not risen so much today, the long-term potential remains bullish. The selling trading volume keeps going down which means that fewer bears are on the market at the moment.

Source: https://u.today/btc-eth-bnb-and-1inch-price-analysis-for-may-6

In the same way, any scenario is possible and perhaps the price of BTC may fall, but for now the winds of recovery are blowing.

[FanEagle]

In the same way, any scenario is possible and perhaps the price of BTC may fall, but for now the winds of recovery are blowing.

It may fall but not beyond the strong support levels of $52k levels which must be the good thing we can have right now. Last week days we are seeing market is struggling to breach $59k levels which is still holding as a stronger resistance hence I agree we may need another pull back which may test this time $54k levels before trying to break the $60k barriers. As of now, most traders are too busy with dogecoins which might be a reason why we are not seeing bitcoin to trading in full swing.

I am also in favor of recovering toward the ATH but market is too stagnant than usual which makes me little worried as not sure how many investors could hold their nerves before deciding to book profits.

[inoes]

do you feel now going to enter a bearish market? I think Cryoto for now is not as simple as 2017, where after BTC reached ATH then crypto plunged. In 2020, crypto technology is increasingly famous and many large institutions / companies will back up if there is a Dump incident. and they are always actively booming Cryptocurrency in the community

[Distinctin]

do you feel now going to enter a bearish market? I think Cryoto for now is not as simple as 2017, where after BTC reached ATH then crypto plunged. In 2020, crypto technology is increasingly famous and many large institutions / companies will back up if there is a Dump incident. and they are always actively booming Cryptocurrency in the community

False alarm by OP, there's no bear market yet, I thought there was but every time bitcoin recovers, it tells me that it's just a correction to give way for altcoins to rise more. Let's look at the dominance of bitcoin now, it dropped already and it's a good sign that altcoins are growing.

Bear season might come soon, so let's also prepare for that, but for now, we are still in bullish season.

[ultrloa]

do you feel now going to enter a bearish market? I think Cryoto for now is not as simple as 2017, where after BTC reached ATH then crypto plunged. In 2020, crypto technology is increasingly famous and many large institutions / companies will back up if there is a Dump incident. and they are always actively booming Cryptocurrency in the community

False alarm by OP, there's no bear market yet, I thought there was but every time bitcoin recovers, it tells me that it's just a correction to give way for altcoins to rise more. Let's look at the dominance of bitcoin now, it dropped already and it's a good sign that altcoins are growing.

Bear season might come soon, so let's also prepare for that, but for now, we are still in bullish season.

Wondering how people feels right now when they see something like this happening in the market recently for sure they will be panic again for seeing another market crash. So we shouldn't expect any false alarm like this since seems we cannot see the bear market strikes right now. Maybe in next year we can experience that since we can possibly see the table turns at that time.

[jaberwock]

Wondering how people feels right now when they see something like this happening in the market recently for sure they will be panic again for seeing another market crash. So we shouldn't expect any false alarm like this since seems we cannot see the bear market strikes right now.

People who have not followed previous bull run of bitcoin markets might get panic when they see some corrections happening in bitcoin markets. I am sure even some people had followed previous bull run, they might have forgot most of the fluctuations but remembering only the final ATH of previous bull run; this is the reason they do get panic when seeing any slight or moderate corrections.

Bitcoin also had continuous6 months of bull run without giving any room for bear market on month basis which might be the another reason when April month candle was not a green one which might have made some people to assume about beginning of bear markets.

[South Park]

do you feel now going to enter a bearish market? I think Cryoto for now is not as simple as 2017, where after BTC reached ATH then crypto plunged. In 2020, crypto technology is increasingly famous and many large institutions / companies will back up if there is a Dump incident. and they are always actively booming Cryptocurrency in the community

False alarm by OP, there's no bear market yet, I thought there was but every time bitcoin recovers, it tells me that it's just a correction to give way for altcoins to rise more. Let's look at the dominance of bitcoin now, it dropped already and it's a good sign that altcoins are growing.

Bear season might come soon, so let's also prepare for that, but for now, we are still in bullish season.

While the bear market has not come yet I am getting worried about the possible implications of what we are seeing now, what I mean is that I thought that sooner or later altcoins will begin to outperform bitcoin but I thought its growth will be more limited and yet we are seeing a huge growth, this tells me that whenever the bear market comes it is going to be huge and you better be prepared to hold your coins for years in that case.