We entered a bear market earlier than expected

[awik p]

Doesn't really matter if we entered it earlier than expected or if it was dragged out for too long. The fact here that most of the cryptocurrencies in the market upped by a few hundred percent in just a span of 6 months is a successful venture in and of itself. We should just lay-low for now and hope for the best since this might take a long time yet again, but the possibility of us reaching a new ATH is very possible.

A good run from the start of the year, the price may go dip but many aims for t to happen to be able to buy, many regrets they didn't buy before the bullish  market happens, now is their chance to wait and buy. If we wanted to buy in we must be updated from this time on because we never know how to dip and how fast it may bounce back once whales or companies enter. This year's dump can be a different story from 2018 as it's more manipulated by companies or more on tweets.

But do you think those people that are wishing that they should have bought before will now buy? I believe, they are scared to what may happen to the market, thinking that it may go down more. But it is their loss of opportunity if they will pass again. The crypto market is indeed different as compared to couple of years ago. There are so many financial institutions and big companies that are also in play here. So I believe, the price can easily bounce back. If we will go up again to 50k, will the OP consider it as bear market? 

When musk announces that it is avoiding bitcoin, of course there will be a lot of price declines, because the effect of the news greatly affects the market, but I think with the decline, many agencies and companies will buy at this low price and eventually the price increase will naturally occur again

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[Wexnident]

Well, it is influenced by someone, and not really Bitcoin doing its own thing ngl. Elon has quite an influence on some of the investors in Bitcoin, so him talking bad about it inevitably made them pull out of the market. Still, it wouldn't make that much of a difference in the long term imo, temporary damage so to speak. Not to mention that we're still above the $40k mark. Honestly think that a drop below it would actually signal the bear market instead of this one that was man-made by musk.

[bitbollo]

I don't see a bear market if there is a correction after another ATH. price can't go up indefinitely, and in a couple of weeks/moths price are likewise the same.
plus, a lot of altcoins (some related to DeFi) are gaining value in a silent but constant way.

[Mauser]

We entered a bear market earlier than expected

The prices won't go up anymore from now. People say Elon control the Dogeocin market. But he controls Bitcoin at the same way.

Unfortunately the party stopped much sooner than we all expected. Elon Musk got probably sad that not many people bought Teslas with their bitcoins so he had to ruin the party for all of us. It's unbelievable how big the influence of Elon Musk is on the crypto market. For all of us long term investors the only thing we can do is wait for the dump to end.

[wahyu wida]

We entered a bear market earlier than expected

The prices won't go up anymore from now. People say Elon control the Dogeocin market. But he controls Bitcoin at the same way.

Unfortunately the party stopped much sooner than we all expected. Elon Musk got probably sad that not many people bought Teslas with their bitcoins so he had to ruin the party for all of us. It's unbelievable how big the influence of Elon Musk is on the crypto market. For all of us long term investors the only thing we can do is wait for the dump to end.

By waiting for the dump to end we can start again to invest long term, thus getting a cheap price. With the release of musk, it did have an impact on the development of cryptocurrency, but I don't think it will last long

[Gorosden]

Earlier than expected? Market stars turning greenish since November 2020 I believe and we are already in may 2021 right now, tell me how this isn't enough for everyone? As per history bull season stays very limited time compare to bear market

[lienfaye]

I dont think we are already in bear market since the price of most coins are bouncing back. Plus compared to previous price of bitcoin and other altcoins (2020) the current price is still far better.

On the other side Elon's announcement has really an impact to the price because of his followers who also owns crypto (influence by him) are easily move whatever he tweets.

The price will go up and its not the end for bullish market, we are only on the second quarter, the best is yet to come.

[arwin100]

We entered a bear market earlier than expected

The prices won't go up anymore from now. People say Elon control the Dogeocin market. But he controls Bitcoin at the same way.

Unfortunately the party stopped much sooner than we all expected. Elon Musk got probably sad that not many people bought Teslas with their bitcoins so he had to ruin the party for all of us. It's unbelievable how big the influence of Elon Musk is on the crypto market. For all of us long term investors the only thing we can do is wait for the dump to end.

By waiting for the dump to end we can start again to invest long term, thus getting a cheap price. With the release of musk, it did have an impact on the development of cryptocurrency, but I don't think it will last long

Yeah we just need to find better position since if enter without even thinking on what we are doing provably we will end up losing, but since the market is now little bit recovering maybe we can say that this is the end point and possibly bitcoin will recover back again. Although this is not sure but lets hope we cannot see more bad market movements.

[bittick]

to be exact, his "opinion" that's overblown by media controls doge and bitcoin the same way, but we already expected correction after such massive bullrun, many of us actually have discussed about that earlier this year
but is is truly bear market though? many people also saying dip is coming when it was first dumped after bullrun before reaching $60K turns out it goes even further, hopefully same thing happen again although many TAs predicted further dump but
learning from the past those TAs not always true and the current market is rather unpredictable.

[Wind_FURY]

OP, did you actually believe a billionaire-troll in Twitter will start a bear market? Plus if the market truly crashes, then crash the market until Elon Musk cannot sell with profit. Hahaha.

HODL.

[cabron]

OP, did you actually believe a billionaire-troll in Twitter will start a bear market? Plus if the market truly crashes, then crash the market until Elon Musk cannot sell with profit. Hahaha.

HODL.

This is what people believed because every tweet he does makes people do something. If he said he is selling his coins, the orices drops to. Market doesnt look like its crumbling but it just dip.

Its not confirmed that we are yet in the bear market so we will see it when the supports on 42k will breakout, it could make traders panic.

[hannahB4]

I will not go with the mindset that bitcoin prices won't go up anymore from now, you can never say nobody knows the surprise awaiting bitcoin holders soonest. Nobody knows the big whale that will venture into bitcoin soonest.

[crzy]

We entered a bear market earlier than expected

The prices won't go up anymore from now. People say Elon control the Dogeocin market. But he controls Bitcoin at the same way.

I don’t think he fully control Bitcoin, its just a FUD and people are just panicking on just a simple statement and misunderstanding. Right now, there’s no FUD anymore and we’ve seen Bitcoin to rise again after hitting its bottom so I guess we are still on the sideways and not yet on a bear market. We still have a chance to correct the trend and continue the bull trend, don’t settle yet.

[Argoo]

We entered a bear market earlier than expected

The prices won't go up anymore from now. People say Elon control the Dogeocin market. But he controls Bitcoin at the same way.

Well, the onset of the bear market is now quite possible. After all, many were already looking forward to it in order to be able to purchase relatively cheaply. Right now. However, I do not yet think that a bear market is coming, let alone a long one. Most likely, this is another price correction, but deeper than the previous ones. A new wave of another growth in the cryptocurrency market is still possible, which may continue until about mid-summer. However, in the fall, under any scenario, I expect a new, even stronger rise in prices on the market.

[fullhdpixel]

We entered a bear market earlier than expected

The prices won't go up anymore from now. People say Elon control the Dogeocin market. But he controls Bitcoin at the same way.

Plot twist: what if this is just another opportunity for them to buy even more of the coins that they like and then they start pumping it and make even more profit from it?  In this cryptocurrency market anything can happen at any time, you will think of something else and another thing will happen.

Anyways, Bitcoin has really tried more than I expected and if this is a bear trend, then it is coming late and not early as you have said. You should compare what we have seen this year to other years and you will see that the market has really tried, there was a huge increase this year and it really took a long time at the top. But this is not the end, because we are not sure of it.

[just_Alice]

First off, in the long run, it's still not bear market, scale your graphs and look at the price changes within a year - I'd say Bitcoin is still bullish. If what's happening now is a bear market, then I have news for you - it's the third time Bitcoin entered the bear market since March.
Secondly, when exactly did you expect it to be? You can see how much the price changes depending on the press, hypes, fear... How could someone possibly predict when will the bear market be?

[kawetsriyanto]

We entered a bear market earlier than expected

How can you claim that the bear market already started?
I think we are still in a bullish market, most crypto coins still increase again after the correction. If it is a bearish market, all crypto coins will drop their values constantly.

The prices won't go up anymore from now. People say Elon control the Dogeocin market. But he controls Bitcoin at the same way.

Well, you seem trying to spread FUDs or in a panic because your asset's values drop.
If you check the crypto market currently, many coins begin to increase again their prices. You are totally wrong, mate.
Regarding Elon, he cannot control the crypto market, the impact will be temporarily only. People already know who is he, he is trying to manipulate crypto market.

[Scripture]

I don't see a bear market if there is a correction after another ATH. price can't go up indefinitely, and in a couple of weeks/moths price are likewise the same.
plus, a lot of altcoins (some related to DeFi) are gaining value in a silent but constant way.

There’s no confirmation yet for a bear market since some are still doing great and yes a lot of altcoins are still pumping, that only means to me that we still have the chance for a bull trend until the end of the year. We’ll enter into a bear market once bitcoin hits the price of $30k level again, hopefully not yet for this quarter.

[carlfebz2]

We entered a bear market earlier than expected

The prices won't go up anymore from now. People say Elon control the Dogeocin market. But he controls Bitcoin at the same way.

Why people does really mind that Elon could really manipulate the market as a whole or does have control over? Yes, hes a billionaire but moving a trillion cap wont really be much out of his capacity.

It is just the hype and the fuds that circle arounds which make out significant impact into the entire market. Are you sure that we are already on a bear market?

Price is still holding strong atm and still playing on the support line and if this one breaks then i would really believe that we are really heading on a bearish run.

[arapgeceleri]

I do not think we are entering a bear season. If the rises in bitcoin are desirable, we need to know that the decreases should also occur. these are the natural situations that should be in the market. But the problem here is that these drops are due to manipulation by one person. for this reason, the decreases are not healthy and I do not want such decreases to happen. Just as elon musk controls the dogecoin market, it does the same for bitcoin. it should end this as soon as possible.