We entered a bear market earlier than expected

[tippytoes]

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.

I don't think the drop is owed to manipulation of one person as not one person can manipulate the bitcoin market. There's too much money involved if one person will influence the market. However, maybe you are referring to elon, about his influence in the recent drop. What if, we will go up again, are we going to say we are out of bear market again? So I believe, the bear or bull market, sometimes depends on your own perspective. Right now, we are still above 40k level, and if compare it last year, we can confidently say, we are in bull market. Just giving another perspective on how we look at the current market.

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[ultrloa]

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.

I don't think the drop is owed to manipulation of one person as not one person can manipulate the bitcoin market. There's too much money involved if one person will influence the market. However, maybe you are referring to elon, about his influence in the recent drop. What if, we will go up again, are we going to say we are out of bear market again? So I believe, the bear or bull market, sometimes depends on your own perspective. Right now, we are still above 40k level, and if compare it last year, we can confidently say, we are in bull market. Just giving another perspective on how we look at the current market.

The current fear is made first by a single person and his influence is big since he is the top 1 richest man on earth so expect that there are fool people will follow him if he released something bad or good statement. Gladly we ca. still breath high since we are still at above 40k but if the price drop more lower maybe people will be more afraid for huge burnout.

[Philipma1957cellphone]

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.

You should bet it all on shorts.

Me I am buying the dip.

[Yatsan]

Whether we enter the bear market earlier than expected or not, what matters the most is the way you perceive on dealing with the market if you will take the bear as a negative implication or an opportunity to grab and purchase coins at its current low price. The stand of Elon Musk with regards to crypto has a big implications to the public because many are following his tweets and also following his movements with regards to crypto. Now that it seems his stand have changed towards it, many FUDS also existed that also contributes to the declination due to panic on the side of the people specially for the newbies that easily get lured with such statements.

[Sithara007]

The problem with Bitcoin is that the users expect the prices to go up forever. They are not prepared for any correction. And as a result when the correction occurs, the vast majority of the users will be unprepared. A lot of people actually believed outlandish claims that Bitcoin would touch $250,000 or $300,000 in a few months time. And some of the users didn't even booked their profits when the prices surged past the 50K level. Now I won't be surprised, if the prices go back to 30K-32K levels.

[lixer]

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.

So even at this time you still thought that the price was going to keep on growing? How long have you been here? If you have really been here for a long time and followed up with cryptocurrency for a long time from maybe 2013 to 2017, and to now, then you will know that this bull run really lasted long. And moreover you’re not hundred percent that the bull run is over because it can still continue at anytime.

We have seen a few things that has happened that led to the decrease in the price of Bitcoin, from the Elon Musk tweets that the media has bee trending, to the new Chinese ban that we have been seeing now. But we still hope that the market will get back up again, it’s just a matter of time.

[The_Trader]

The problem with Bitcoin is that the users expect the prices to go up forever. They are not prepared for any correction. And as a result when the correction occurs, the vast majority of the users will be unprepared. A lot of people actually believed outlandish claims that Bitcoin would touch $250,000 or $300,000 in a few months time. And some of the users didn't even booked their profits when the prices surged past the 50K level. Now I won't be surprised, if the prices go back to 30K-32K levels.

I'm with you on all this, I took my profits out almost at the top, I would now be quite happy for it to drop again back to sub 30k levels and then we can all start again.

Its a simple game really buy low sell high, who gives a shit what Musk does ? BTC will do what ever the hell it wants its just a matter of buying on the dips.

TT

[Kittygalore]

Nope, I don't think that we have entered earlier, if we were comparing it to 2018, I think that we have overextended our stay in the bull market rather than being early in the bear market.

[The Sceptical Chymist]

As I write this, bitcoin is at $36,810--one hell of a drop in roughly a week, but that doesn't mean we're in a bear market.  A bear market is a trend that has to be established, and if you look at bitcoin's price chart there is still an upward trend with this massive dip that just happened.  I'd call this a selloff instead, and this time I have to put the blame on Elon Musk and his statements and possibly his sale of bitcoin for it.  I can't think of any other reason for a crash of this magnitude.

Let's see where bitcoin is in a month or so before everyone declares a bear market.  There's a good chance it'll bounce back if people see this as a great buying opportunity and put their money where their mouth is.

[oHnK]

As I write this, bitcoin is at $36,810--one hell of a drop in roughly a week, but that doesn't mean we're in a bear market.  A bear market is a trend that has to be established, and if you look at bitcoin's price chart there is still an upward trend with this massive dip that just happened.  I'd call this a selloff instead, and this time I have to put the blame on Elon Musk and his statements and possibly his sale of bitcoin for it.  I can't think of any other reason for a crash of this magnitude.

Let's see where bitcoin is in a month or so before everyone declares a bear market.  There's a good chance it'll bounce back if people see this as a great buying opportunity and put their money where their mouth is.

I half agree with your opinion that it is generally the decline in prices over a period of time that determines whether the market is bearish or not.  However, if every day the market corrects 20-50%, until within 1 week the market does not show any significant changes, can this not be another indicator for a bearish trend?

[el kaka22]

I really didn't expected this to happen but I got in very early so I am not bothered about the drop as of right now, it can drop another 50% before I would be worried about the situation, but I can honestly say that this is definitely looking like a bear run for sure, it is not a "correction" anymore like the previous ones.

Let's be honest with each other there were like nearly 10 times in the past 1 year when the price dropped but then went up higher, it kept going down 20% and then going up 50%+ and that way we went higher and higher, so anytime price dropped people started to not care and keep buying because they believed it was nothing important and since we always got back higher they were right. However this time it looks different, from 64k to 34k is not something that can be called a correction anymore, it is a full on bear run we are in for sure.

[buietaw]

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.

We can't predict the Billionaire minds. They'll play any way to make money. As there are Whales in the market their holdings have the ability to make changes in the market. This is what happening at the moment. As you've said, in the way of taking control of dogecoin he is keeping the bitcoin under control. This is just an outlook we've got over the prevailing market. In reality he might be playing a big game unknown to the entire community.

Absolutely I agree. this is much more than bear or bull. The pandemic we are in and the accompanying economic instability have caused these quarterbacks to enter to blockchain.
We will see together by living what awaits us.

[cute nmp]

This shows how much influence Elon musk has on crytocurrency with just one tweet bitcoin lost almost fifty-percent of it's value.However I don't think we are into bear market just yet because as some are dumping others are buying the dip It will just take for prices to recover from the correction.

[Kasabus]

This shows how much influence Elon musk has on crytocurrency with just one tweet bitcoin lost almost fifty-percent of it's value.However I don't think we are into bear market just yet because as some are dumping others are buying the dip It will just take for prices to recover from the correction.

Bitcoin is not really at its dip price so i cannot tell that we are already in a bear season. What we have right now is more of a healthy correction that will enable new investors to enter into market and buy potential coins definitely bitcoin.

The bear season is gonna happen for sure as the market will continue to dump but let's face it together without worries because in the real sense, bearish season is a great opportunity to start filling our bags again with potential and affordable coins.

[dimox]

my friend, start earning extra coin by short trading just for a few days. he take from bitcoin itself and other coin, but it can make a good profit.
my point, some people will hold theirs until the price blow up, and the other start earn by other way without taking big risk.
never worry about this state, because people already face it before

[AndySt]

Let just say that this is a bear market but most probably this dip is because of what Elon Musk doing, this time is the best time to buy more bitcoin and keep holding it, we have now a good chance to buy in dip, most probably bitcoin will recover within this month or next month, so let us just not waste the opportunity to buy more, the dip is just the effect of Elon Musk's keep on pushing Dogecoin to the moon, we now see a red in the market because of him, so basically a one-person manipulating the market will not last for too long.

Depending on what level of the exchange rate price is considered a recovery and depending on what level of price the market will have to recover from I am not sure that bitcoin will recover during this month to the level of $ 60,000 and would be happy if the price fluctuated around 40-45,000 over the next few months, and did not go lower in the corridor to $ 30,000. I sincerely hope that this is not yet a bear market in the coming summer months, we will be in a sideways position, not much rising, but not much falling. I think that the main growth events will begin starting from September.

[xSkylarx]

I don't think this is already a bear market. Recent dump was because a lot of fud has been spreading lately and many people are affected by it that they start to panic selling. This is a big opportunity for many people to buy at the current price of bitcoin and altcoins and I'm sure many whales who didn't got to the previous rally are waiting for this moment. Plus I don't think we will go below $30k at this point. Once market goes up again, 20% gain would be very achievable.

[Obito]

If this is the bear market then we should probably just hodl our bitcoin or accumulate more until it goes back up again this is nothing compared to the 2018 price dump so I wouldn't worry too much about it, the bull will always appear and when that time comes, I want to have a lot of bitcoins to sell.

Better not to eat your words about hodling because it will probably take 3 to 4 years before we can safely say that bitcoin has recovered. A lot of people give up hodling along the way and I hope that you won't be one of them. Regarding the entrance to bear market, I don't think that we got in early, we might be a bit late if you ask me.

[Reid]

What? He controls the Bitcoin market as well?
Bitcoin came all the way to $36k without his help. That's his entry point and that's when he purchased it. It's just FUD. Buy it. How? Buy more Bitcoin.
Again with the massive thread whenever Bitcoin falls but when it goes up most people will be silent about it while tasting their success.
They just grin in front of their computers without even making an effort to spread the good news.

But when it's bad news, they are all coming back from the dead.

[iv4n]

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 guess it's all about the perspective! I thought a bear market will come earlier, so in my opinion, we had a very long bull market! I thought we had top at $30k, then we saw $40k and a bit later $50k... I thought that's the new ATH, but no... Bitcoin went over $60k! To be honest I didn't expect that to happen...
And now we are going down, slowly or faster, depends on the day! I guess it's not over, downtrend can last for a while! So get your money ready for buying cheap coins!