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Author Topic: The cryptocurrency market is nearing the end of a bullish market?  (Read 317 times)
soenan (OP)
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May 17, 2021, 03:08:26 PM
 #1

I personally believe that the Cryptocurrency market is nearing the end of the current bull market with most likely the end will occur at the end of the year. As such, there is a lot of hype and stupid money entering the market from retail investors who have absolutely no clue about what they are actually buying. They are new to Crypto and just follow the Fomo crowd. There may be money to be made in the meantime, but for seasoned veterans who have been through this cycle, it is likely to end up in tears for the vast majority of people who aren't smart enough to know when to get out before losing it all is at excessive risk.

What do you think and What do you expect to happen in the near future for Cryptocurrency?
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May 17, 2021, 03:17:03 PM
 #2

At the moment there is no exact understanding of what will happen next. It seems to me that most likely soon there will be a fall in bitcoin and all other cryptocurrencies but there is no exact certainty about this, since the money is still very cheap.
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May 17, 2021, 04:04:38 PM
 #3

From some prediction I read online or watched on YouTube, they were all saying the same thing.. And that is that the current bull market will last till November 2021, then to be followed by a 3 years crypto winter where everything will likely return back to where they started this bull run from, and some even lower, according to the prediction, this wont happen without bitcoin hitting above 100k$.

So now, if we should really believe that the bull market is over, this is to say that all this guys that call themselves market analyzers were wrong,? And also confirms the fact that the crypto market is highly unpredictable?
Well, this we will find out in a couple of weeks maybe, and if truly the bull market is over, then I believe we should say thank you to Elon musk for being our nightmare.

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May 17, 2021, 04:14:36 PM
 #4

What do you think and What do you expect to happen in the near future for Cryptocurrency?
The future is bright but this for the long term hodlers. The different situation will be for the short term hodlers as the bitcoin dump creates so many fear around the market. That being said that if the drama that happens on twitter has been contributing a lot to the bearish trend of crypto.
https://cointelegraph.com/news/buy-or-hodl-says-investor-raoul-pal-as-bitcoin-price-chart-hints-at-falling-wedge

You should read this news and i think the traders should never try to forget manipulation that already made by elon. That guy is manipulating everything. Crypto market bullish trend will continue

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May 17, 2021, 04:57:59 PM
 #5

For the past few weeks now the market isn't as bullish as before and we keep seeing more reds here and there, it's like the market is getting weaker and weaker though there are few recoveries but the bulls are not as strong as before, anyways a word is enough for the wise, I expect everyone to have something great to talk about this bull season once it's over

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May 17, 2021, 05:51:13 PM
 #6

Whatever happens everyone should be prepare when the bull season ends, as of the moment taking advantage of the open opportunities is the best thing to do because bear is just around the corner, crypto has still a lot of barriers ahead.
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May 17, 2021, 06:04:13 PM
 #7

At the moment there is no exact understanding of what will happen next. It seems to me that most likely soon there will be a fall in bitcoin and all other cryptocurrencies but there is no exact certainty about this, since the money is still very cheap.

The way the market is going recently, I don't think this bill run will last any longer perhaps another trend may emerge.
Elon Musk has spoilt everything and I think his agenda  is make doge the no. 1 top cryptocurrency but I am very sure other crypto enthusiasts aren't that foolish to follow his conspiracy.
According to his tweets, he even claimed that doge scale 10x more than bitcoin buy he forgot that bitcoin cash were all forked from bitcoin and they are still struggling today.
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May 17, 2021, 06:28:25 PM
 #8

I think money is going to slowly transfer back into crypto possibly reaching $3T this year however BTC will not have as much a percentage of the market cap as previous years.
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May 17, 2021, 06:39:20 PM
 #9

The future is bright but this for the long term hodlers. The different situation will be for the short term hodlers as the bitcoin dump creates so many fear around the market. That being said that if the drama that happens on twitter has been contributing a lot to the bearish trend of crypto.
https://cointelegraph.com/news/buy-or-hodl-says-investor-raoul-pal-as-bitcoin-price-chart-hints-at-falling-wedge

You should read this news and i think the traders should never try to forget manipulation that already made by elon. That guy is manipulating everything. Crypto market bullish trend will continue
That is the thing about people not understanding about long term holders, the short term does really matter to us as well. I am a long term bull, I believe bitcoin will eventually be over a million dollars per bitcoin, I know that it won't happen anytime soon but if it happens before I die, that is good enough for me.

However the short term still matters to me for one simple reason ; buying chances, after all if the price drops under 40k these days I will buy some more if I can get the money together, and if it drops under 30k? I will try to gather every money I can scrape together and buy a lot more, why? Because I know that bitcoin will go up and that is why buying lower means a lot and it is the short term actions of a long term holder. Sure long term usually means the moment we sell, we sell years and years later and not quickly, but that doesn't mean that we do not buy.
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May 17, 2021, 06:54:30 PM
 #10

I still expect the best in the future. All of these that happens are part of the market and you don't expect that it will be an unstoppable increasing trend.

It has to go down somehow so that it can increase and break the barriers above. If you think that it will never correct then you're missing a lot. While the market corrects, you have to check yourself if you're ready for the worse or for the better.

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May 17, 2021, 08:22:13 PM
 #11

No you will see more bullish when market goes stable. People who solding mu advice  if you plan for long term i think u should buy it rn. Or if u r afraid that it might go down buy 30% now and 30% 2-3weeks from now and keep the 10% for bigger dips to average down

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May 17, 2021, 09:58:40 PM
 #12

Whatever happens everyone should be prepare when the bull season ends, as of the moment taking advantage of the open opportunities is the best thing to do because bear is just around the corner, crypto has still a lot of barriers ahead.
We should be ready to every possible happenings in cryptocurrency which it may be positive or negative because there is always possibilities that it may happen, most especially we cannot predict what will happen in the future. What we need to do is always put ourselves ready and be flexible enough to find another option for us to be successful.


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May 17, 2021, 10:29:18 PM
 #13

What do you think and What do you expect to happen in the near future for Cryptocurrency?
The newbies were doing panic selling and it's still happening right now while the pro traders are starting to load more and more coins from the market. So many newcomers didn't experience the 4-year cycle and they know nothing about that. Even the new crypto can be dumped as it was not strong enough. The price of bitcoin will remain stable after this.
I would like to see more and more weak hands will be dumping their assets due to the panic sell-off. It's still possible the market will be facing another red wave again.

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May 17, 2021, 10:43:39 PM
 #14

Whatever happens everyone should be prepare when the bull season ends, as of the moment taking advantage of the open opportunities is the best thing to do because bear is just around the corner, crypto has still a lot of barriers ahead.
Bear market is inevitable so its really good to be prepared and have some buying power already so when the market hits the rock bottom again, you can buy more. If you still have chance to take profit now, do it because the next trend is unpredictable and we might not be able to rise again on this correction. Though BTC shows some life already, it is still not safe to say that we can break resistances, the volume is still weak.

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May 17, 2021, 11:02:55 PM
 #15

Whatever happens everyone should be prepare when the bull season ends, as of the moment taking advantage of the open opportunities is the best thing to do because bear is just around the corner, crypto has still a lot of barriers ahead.
Bear market is inevitable so its really good to be prepared and have some buying power already so when the market hits the rock bottom again, you can buy more. If you still have chance to take profit now, do it because the next trend is unpredictable and we might not be able to rise again on this correction. Though BTC shows some life already, it is still not safe to say that we can break resistances, the volume is still weak.
Even if bullish trend is near to its end, we should be thankful for it because we know we are making profits despite of the market's pump and dump moments.

And since bearish trend is definitely coming whether we like or not, let's start collecting our hard earned money again so we can eventually grab the chance again to buy more coins that we can add to our portfolio. It's best to face the bearish season with positivity rather than stucked to being negative because bull season is already over.

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May 17, 2021, 11:11:46 PM
 #16

What do you think and What do you expect to happen in the near future for Cryptocurrency?
The newbies were doing panic selling and it's still happening right now while the pro traders are starting to load more and more coins from the market. So many newcomers didn't experience the 4-year cycle and they know nothing about that. Even the new crypto can be dumped as it was not strong enough. The price of bitcoin will remain stable after this.
I would like to see more and more weak hands will be dumping their assets due to the panic sell-off. It's still possible the market will be facing another red wave again.
And let these panic sellers do it, whales will catch them and sell it back to them someday. That is certainly the reality as not all are selling or buying, and this was the reason why the price doesn't fall straight unlike before.
We are still high at $3k (during this post) seems the market is able to hold for a while until weak hands will be done selling their Bitcoin. But also have to expect the others to dump more if they saw the declines continue.

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May 17, 2021, 11:37:30 PM
 #17


It's possible that bullish market is about to end. There seem to have factors affecting this like the IRS investigating binance and then there's Elon Musk creating fud to the market. He enjoys the attention given to him so it's a way for him to grab control to manipulate the market with his fans. If support lines breakout, there will be massive dump of BTC, its the altcoins that keep their stand.

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May 17, 2021, 11:48:42 PM
 #18

I personally believe that the Cryptocurrency market is nearing the end of the current bull market with most likely the end will occur at the end of the year. As such, there is a lot of hype and stupid money entering the market from retail investors who have absolutely no clue about what they are actually buying. They are new to Crypto and just follow the Fomo crowd. There may be money to be made in the meantime, but for seasoned veterans who have been through this cycle, it is likely to end up in tears for the vast majority of people who aren't smart enough to know when to get out before losing it all is at excessive risk.

What do you think and What do you expect to happen in the near future for Cryptocurrency?

It's difficult to predict if the end of the bull run and probably even the veterans is gonna have a hard time figuring it out, but personally, I think the market could still recover and probably 1 more pump.

It's always kinda risky at this point because investors or newcomers in the cryptocurrency investment could easily panic sell and everything could follow to the dump because newcomers could is just not used to seeing their investment dumping.

But for sure the big dump is gonna come just like what happened before and after that, it's gonna be the big comeback and probably it could easily x3 the market cap easily.

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May 18, 2021, 01:37:12 AM
 #19

I personally believe that the Cryptocurrency market is nearing the end of the current bull market with most likely the end will occur at the end of the year. As such, there is a lot of hype and stupid money entering the market from retail investors who have absolutely no clue about what they are actually buying. They are new to Crypto and just follow the Fomo crowd. There may be money to be made in the meantime, but for seasoned veterans who have been through this cycle, it is likely to end up in tears for the vast majority of people who aren't smart enough to know when to get out before losing it all is at excessive risk.

What do you think and What do you expect to happen in the near future for Cryptocurrency?

If you said that we are nearing the end of bull run market then what do you expect?

It will be bearish.

However, I'm not seeing this is the end, we still have a lot of legroom, end of the year is like more than 6 months from now. Anything can happen, we might see a swing price again, or super fast rally before the year closes. I agree that those for newbies, they will continue to either lose or mate money here. And it could end up disastrous for them. But hey, at least they learn some valuable lessons along the way.

R


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May 18, 2021, 02:23:08 PM
 #20

I do not have any idea if the crypto market is nearing the end because the crypto market can back increase after this downtrend. But if the crypto market is really getting the bear trend in the next month, we need to prepare for that and use the time to buy the coin. We hope that the investors will not tolerate greed to chase profit and try to understand the current market situations.



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