Bitcoin now officially in Bear-Market: -20% down - Dropping like a Rock

[btc-room101]

Now BTC is at $51k, its was up to $65k on some exchanges, $54k is -20%, so now we're at -25%

A sustained down of -20% is the legal definition of "Bear Market" get over it. Live with it. Sure HODL on or buy more, hell buy the falling knife, sell your house and car, and buy BTC on the way down,

Like I have said all along, it was the MUSK billionaires who sent BTC from $20 t0 $60k in the last six-months, not the geeks with stimmy-checks, they're over on DOGECOIN

Now MUSK & billionaires MUST take profits before all that money evaporates.

Given that CHINA owns BITCOIN, and MUSK with his $1.5B purchase drove the price, one can say that much of the corporate USA loss on BTC investment is just easy money transferred to China.

One mans loss, is another mans gain. In this case with +67% of all mining done in CHINA, they own BITCOIN.

MUSK was a BIG believer in China, but now with the people jumping on his Teslas, and his reaction, MUSK is seen as a pariah in CHINA for what he is, also in CHINA while the USA buys the bile because USA media peddles bile, in CHINA the people are aghast that he says "The Tesla that crashed in Texas, was NOT on autopilot", Chinese people see this as an assault to their intelligence, maybe for the USA the USA people are a nation of idiots in the eyes of MUSK, but in China with the single child policy of 60+ years, everybody makes sure their kid gets the best education, unlike USA where everybody is fed WOKE bile, in lieu of education.

BTC dropping like a rock, or reverting to the mean, is not a new problem, easy to go from  $1 to $100, wasn't likely to go from $6k to $60k, but now stimmy checks are kaput, and the USA corporate balance sheet is crap. The single reason that MUSK, and dozens of other CEO's parked their corporate cash into BTC is hoping they could show a profit on their books. Not unlike GM, back in the day GMAC made morning money loaning its cash, than they did making cars, until they figured out that nobody was paying that money back.

Classis MUSK was John Delorean, who spent 100's of millions of company cash on Cocaine, so he could keep his car company afloat with drug sales in USA urban crack zones.

The entire BITCOIN narrative is now public, everybody knows that 100% of the BITCOIN 'story' is based on lies, there is not a single truth propagated by the pumpers & dumpers in BITCOIN land.

Just like USA today, where liars rule the media, here on BITCOIN liars rule the narrative, truth doesn't make you rich. But if your eyes are open, the truth can keep you from losing all your money.

[1715136141]

1715136141

[cozk]

You see, this type of thread is why i don't log in on this board anymore.

Went downhill fast.

[Trixoempire]

Yes -20% down is officialy bear market. And I warn many people here and they don't listen.
Look how many thread I opened and wrote game over for bitcoin time to sell all and they call me stupid.

Here we're in a bear market. Who is the stupid now.

[cabron]

Yes -20% down is officialy bear market. And I warn many people here and they don't listen.
Look how many thread I opened and wrote game over for bitcoin time to sell all and they call me stupid.

Here we're in a bear market. Who is the stupid now.

Yep it can be the start of bears, probably the best time to sell. We can all dump together actually but its the belief from within us that keeps us holding to the one asset that keeps rising. You have to also believe that even if BTC drops back $3k, the rest of us will still be holding and in fact, will even buy to profit later.

I'm going to actually move to leverage trading to profit from shorting. I believe this is what they would be doing soon too.

[Trixoempire]

Yes -20% down is officialy bear market. And I warn many people here and they don't listen.
Look how many thread I opened and wrote game over for bitcoin time to sell all and they call me stupid.

Here we're in a bear market. Who is the stupid now.

Yep it can be the start of bears, probably the best time to sell. We can all dump together actually but its the belief from within us that keeps us holding to the one asset that keeps rising. You have to also believe that even if BTC drops back $3k, the rest of us will still be holding and in fact, will even buy to profit later.

I'm going to actually move to leverage trading to profit from shorting. I believe this is what they would be doing soon too.

I don't believe in 3k don't lie about thngs i never wrote. I wrote it could 20k again not 3k.
And as a perosn who predicted anything in the last days you should take veyr seriously every word I wrote because I'll be right again.

[cryptomaniac_xxx]

Bitcoin also fell around 23% and 26% in January and February, and yet we have bounce back and make new ATH. So I wouldn't say that we are in a bear market, just the monthly dips that we have been seeing. And to be fair all crypto is bleeding, so you might want to change your subject to Crypto now officially in Bear-Market because that's the correct read right now. So specially pointed out bitcoin getting into -20% and yet XRP, DOT and the rest have been dipping -10% -40%.

[cabron]

Yes -20% down is officialy bear market. And I warn many people here and they don't listen.
Look how many thread I opened and wrote game over for bitcoin time to sell all and they call me stupid.

Here we're in a bear market. Who is the stupid now.

Yep it can be the start of bears, probably the best time to sell. We can all dump together actually but its the belief from within us that keeps us holding to the one asset that keeps rising. You have to also believe that even if BTC drops back $3k, the rest of us will still be holding and in fact, will even buy to profit later.

I'm going to actually move to leverage trading to profit from shorting. I believe this is what they would be doing soon too.

I don't believe in 3k don't lie about thngs i never wrote. I wrote it could 20k again not 3k.
And as a perosn who predicted anything in the last days you should take veyr seriously every word I wrote because I'll be right again.

I didn't say you wrote it. I"m the one who said it and you have to take it seriously too. Don't be afraid of the bears, you spread this fear yourself. This market is not that stable, it can even drop to $100, god knows what will happen. But it still has some value which all that matters.

It's just the USD price that just keeps dropping but the satoshi value are still green, should it mean bear already, it might just be.

[lienfaye]

Why there's always a thread like this when bitcoin is dropping?

Bitcoin is already existing for over a decade and started with a few dollars worth, but now the value is unexpectedly thousand times from the time it was created. Its just shows how worthy this currency is, yet a correction (which is quite normal) causing some investors to speculate negatively.

Its simple, if you believe in bitcoin then continue to hold or take advantage the dip, otherwise you can sell and quit.

[SublimeMudTime]

Its simple, if you believe in bitcoin then continue to hold or take advantage the dip, otherwise you can sell and quit.

Well said!

[Dr.Ona]

Are you hand picking dates?
Since January 1st 2021, Bitcoin is up 98% for the year in 3 months 22 days.
If it pulls back 20-25%, so what?
That's not a bear market... it's still up 73-78%
Relax man..

[Lorence.xD]

Bitcoin also fell around 23% and 26% in January and February, and yet we have bounce back and make new ATH. So I wouldn't say that we are in a bear market, just the monthly dips that we have been seeing.

It won't matter for the bears because if they say that bear season is here then nothing is going to change that fact. I got worried that the price did dip but I don't really mind if that was the case because it will be a temporary thing. Plus we can't really say that the bear season is here until it is over.

[isaac_clarke22]

~

If people were here like back in 2018, I think they'll already get used to these kinds of dips.
I had seen more bears back then when BTC plummeted at 3k.
I don't mind even if it went below that as that is purely an opportunity for me to buy more or simply just hodl if I don't have the means to buy.

[DOH!]

~

If people were here like back in 2018, I think they'll already get used to these kinds of dips.
I had seen more bears back then when BTC plummeted at 3k.
I don't mind even if it went below that as that is purely an opportunity for me to buy more or simply just hodl if I don't have the means to buy.

Sure, I learned the principle of an iceberg, a still rolling snowball, a 1H candle and a diving MA on the open road.  A real panic.  I wonder if this crisis will end as soon as I hope or not?  But market sentiment has yet to show balance!  Lock, wait for more to embed!

[Lorence.xD]

~

If people were here like back in 2018, I think they'll already get used to these kinds of dips.
I had seen more bears back then when BTC plummeted at 3k.
I don't mind even if it went below that as that is purely an opportunity for me to buy more or simply just hodl if I don't have the means to buy.

Exactly, I've been wishing for a dip for now because I felt that I don't have enough bitcoin to go with it so all I can do is just to accumulate and accumulate until I am satisfied. The quote above is right, don't mind the plummet because that will be your opportunity to buy more and hodl.

[20kevin20]

Nah, saying the price has been driven by Musk alone is completely nonsense if you simply look at the previous post-halving price actions. This is Bitcoin - every 4 years, it goes nuts. Musk might have invested in it, a domino of corps investing in BTC might have been released, yet before Musk there were whales we had which were strong manipulators as well.

Musk's the replacement of whales. Bitcoin will triumph the same way it did every time it dropped before. And if corps decide to sell, that's even better since the Bitcoins just go back into the people's hands. Any way you take it, the price cannot be stopped, corrections are needed and Bitcoin will triumph yet again as the King of crypto.

[TastyChillySauce00]

Not a big deal, we still 3x of 2017 ATH. I wonder how shocked these people will be when they see how the market behaves in 2018. In every pump there's always a price correction or price dump but one thing for sure the price could go up again anytime and to be frank even if bitcoin go down as much as 50% of its ath we're still around $30000 which double the ATH in 2017 so if bearish market ever comes, I'm pretty sure maybe in next 3 years we gonna see the new ATH around hundred thousand dollars which means the current bearish is the best time to make an entry if you don't want to regret for not buying more.

[mindrust]

Probably true. I don't see it making a new ATH from here but btc surprise people sometimes but the chances are very low this time. Everybody knew that it wasn't going up forever anyway. If you realized any profits then you are good to go. Now wait for a good price to get in or enjoy your profits meanwhile.

A 75-80% drop from the last ATH would be a nice entry point.

[Poker Player]

OP is quite a troll. What surprises me is to see people with seniority in the forum getting pessimistic as well. It's already been said: if you're going long term, just HODL. I don't think this is a bear market, certainly not because the OP says so. It's true that technically it doesn't look as bullish as it did until recently, but whatever. It can change at any time.

[FatFork]

Now BTC is at $51k, its was up to $65k on some exchanges, $54k is -20%, so now we're at -25%

It is what it is. "Yesterday is history, tomorrow is a mystery, today is a gift!"

Unfortunately, corrections are getting more frequent, deeper, and more violent. Bitcoin investors tend to buy far too much. When price falls, they buy at even lower prices, which means they usually get shorted at lower prices. This forces them to take losses to stay in the game.

[proudhon]

Now BTC is at $51k, its was up to $65k on some exchanges, $54k is -20%, so now we're at -25%

A sustained down of -20% is the legal definition of "Bear Market" get over it. Live with it. Sure HODL on or buy more, hell buy the falling knife, sell your house and car, and buy BTC on the way down,

Like I have said all along, it was the MUSK billionaires who sent BTC from $20 t0 $60k in the last six-months, not the geeks with stimmy-checks, they're over on DOGECOIN

Now MUSK & billionaires MUST take profits before all that money evaporates.

Given that CHINA owns BITCOIN, and MUSK with his $1.5B purchase drove the price, one can say that much of the corporate USA loss on BTC investment is just easy money transferred to China.

One mans loss, is another mans gain. In this case with +67% of all mining done in CHINA, they own BITCOIN.

MUSK was a BIG believer in China, but now with the people jumping on his Teslas, and his reaction, MUSK is seen as a pariah in CHINA for what he is, also in CHINA while the USA buys the bile because USA media peddles bile, in CHINA the people are aghast that he says "The Tesla that crashed in Texas, was NOT on autopilot", Chinese people see this as an assault to their intelligence, maybe for the USA the USA people are a nation of idiots in the eyes of MUSK, but in China with the single child policy of 60+ years, everybody makes sure their kid gets the best education, unlike USA where everybody is fed WOKE bile, in lieu of education.

BTC dropping like a rock, or reverting to the mean, is not a new problem, easy to go from  $1 to $100, wasn't likely to go from $6k to $60k, but now stimmy checks are kaput, and the USA corporate balance sheet is crap. The single reason that MUSK, and dozens of other CEO's parked their corporate cash into BTC is hoping they could show a profit on their books. Not unlike GM, back in the day GMAC made morning money loaning its cash, than they did making cars, until they figured out that nobody was paying that money back.

Classis MUSK was John Delorean, who spent 100's of millions of company cash on Cocaine, so he could keep his car company afloat with drug sales in USA urban crack zones.

The entire BITCOIN narrative is now public, everybody knows that 100% of the BITCOIN 'story' is based on lies, there is not a single truth propagated by the pumpers & dumpers in BITCOIN land.

Just like USA today, where liars rule the media, here on BITCOIN liars rule the narrative, truth doesn't make you rich. But if your eyes are open, the truth can keep you from losing all your money.

Beautifully written. Have you confirmed, as I have done with pure math and science, that bitcoin is going to fall to around $100? It's easy to see. Get the word out fellow scientist!