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Author Topic: The cryptocurrency market is nearing the end of a bullish market?  (Read 341 times)
wajik-tempe
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June 13, 2021, 04:45:53 PM
 #41

If we refer to 2017 pattern, the real crash will happen in early of next year which will make 60% drops for it's all time high, maybe it will around 15k - 20k. But in near future there are still many probabability for crypto market to have another bullish since there are no a big bad news after the china bad news month ago.
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June 13, 2021, 05:19:28 PM
 #42

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?
For the bear market that is currently happening right now, I don't think we are nearing form the end of it nor the start of another bull run. We should just stay aware from monitoring the price change in the market. When it comes to the future of crypyo, iti is vivid that crypto will be able to survive and keep prevailing in the future. I think in the next few days or months, crypto will keep on dumping and many will be able to gain some advantage on it which will lead for them to beneift in the future. If you have current investment on any crypto, just make sure you monitor it and you are updated on the changes in the market.
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June 13, 2021, 05:58:30 PM
 #43

Bulls and bears are part of crypto and will always be, although it always feels awful whenever we are approaching bear market because your investment will drop alot, i.e if you are holding any assets when the bear arrives, but on the other hand, it gives an opportunity for new investors to buy and also for old investors to buy at low price, bear market has its good side and bad side, only smart people knows how to take advantage of it.
I believe without going down there is no going up, without going up there is no going down. In order for bitcoin to survive it has to go any direction, let's assume we start with up, it needs to drop eventually from that up because people eventually need to sell, if you are not selling it, and nobody is selling it, there is no sellers at all, then who buys it? And how could you say you have a profit?

After all if you do not sell it is fake profit, you can't use it, it is useless, you basically lost all of your investment never to see it again if you NEVER sell, still a long term holder is good, but never sell is not option, so when people start to sell, it will drop and that's normal. On the other side, if it goes up, and nobody buys, that means it will keep going down more and more until someone buys, and that will crash the price so much that if nobody buys then it is zero, so it needs to go up eventually.
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June 13, 2021, 06:53:12 PM
 #44

     As of this moment, the market in my view isn't on the way to exit a bullish cycle but instead is currently exiting a bearish market. Although I see quite a few negative news or FUD going around the internet at the moment, I still believe that this will not do much with the market price. In fact, I think that the bears are starting to finally give up to make way for the bulls. I already bought back(just bitcoin though since it will be the one that has good potential to move up a lot at the moment).

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June 13, 2021, 08:31:57 PM
 #45

Bulls and bears are part of crypto and will always be, although it always feels awful whenever we are approaching bear market because your investment will drop a lot, i.e if you are holding any assets when the bear arrives, on the other hand, it allows new investors to buy and also for old investors to buy at a low price, the bear market has its good side and bad side, only smart peoplknowws how to take advantage of it.
That is right, both of them are just part of the crypto world and as you mentioned above, the bear market gives us a huge opportunity and new investors to make money. But we should be aware of our decisions, during this time we have to try finding the best projects which have more potential to be the best in the future. Some people lose their money during this time, but it is not the end of the crypto world, we have still time to make money.

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ethereumhunter
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June 14, 2021, 01:47:14 PM
 #46

If we refer to 2017 pattern, the real crash will happen in early of next year which will make 60% drops for it's all time high, maybe it will around 15k - 20k. But in near future there are still many probabability for crypto market to have another bullish since there are no a big bad news after the china bad news month ago.
I hope that will not happen but we do not know what will happen later. The price really drops from the all-time high price, but the price can increase so high in the next year, so we have two options that we will see from bitcoin. Hopefully, Q3 or Q4 can bring a good time for a crypto to recover and reach the high price again. The negative news that can happen can give more effect to bitcoin and people will see that bitcoin can give the opportunity to make money.

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