Who saw the Bear market coming?

[BitcoinBarrel]

Tried to tell my friends back in the summer that $60k+ was a good time to sell because bear market was incoming.

No one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.

Now, 6 months later they are all talking about the crash incoming.

N00bs....

[BitcoinBarrel]

We are entering the Fear phase now. Hold onto your Butts!

[Charles-Tim]

What I just know is that the crash would result to altcoins to dip deeper, many will become shitcoins, many will be dead as a result of the crash or if the downtrend continues. This is the reason we should be careful of altcoins.

Tried to tell my friends back in the summer that $60k+ was a good time to sell because bear market was incoming.

No one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.

I am specific about bitcoin because of above reasons and because many altcoins will never reach all-time-high again. The good reason you can have bitcoin is to never have some of your money in fiat because fiat is depreciative. Instead, bitcoin can be a hedge. But some people can act like you want, like long tlterm traders. But some people are long term holders.

See many holders buying more even if the price is decreasing, when the price increase, profit is still the net result.

[mk4]

Probably create such a topic next time before the drop actually happened, not after. So you just wouldn't look like some Mr. hindsight who wants to look smart in an internet forum and calling people noobs.

[Poker Player]

Probably create such a topic next time before the drop actually happened, not after. So you just wouldn't look like some Mr. hindsight who wants to look smart in an internet forum and calling people noobs.

Lol. And apart from that, we have no way of checking whether he did indeed tell his friends that. But I say more: even if he had posted such a bearish post on bitcointalk around that time, that wouldn't prove anything either. There are so many people making price predictions that by sheer statistical variability some of them end up being right, and not because they have divinatory powers or great predictive ability.

[ImThour]

Probably create such a topic next time before the drop actually happened, not after. So you just wouldn't look like some Mr. hindsight who wants to look smart in an internet forum and calling people noobs.

Exactly! This is what I wanted to say.

[mk4]

Lol. And apart from that, we have no way of checking whether he did indeed tell his friends that. But I say more: even if he had posted such a bearish post on bitcointalk around that time, that wouldn't prove anything either. There are so many people making price predictions that by sheer statistical variability some of them end up being right, and not because they have divinatory powers or great predictive ability.

Oh for sure, because hey, calling for bull or bear at a certain pricepoint is pretty much 50/50 odds lol. But at the very least we would have some proof to actually "congratulate" OP for being right at least once; but nope.

[cabron]

Probably create such a topic next time before the drop actually happened, not after. So you just wouldn't look like some Mr. hindsight who wants to look smart in an internet forum and calling people noobs.

Proudhon sees the bear market all the time even before the rise to $59K but I guess we can say his warning is now heard. He had been saying it many times if you have followed some speculation threads. In the comment of the BitcoinTalk Community Awards video https://www.youtube.com/watch?v=r3v7Mg-IJxk he was mentioned to be the Troll of the Year.

More fear will make holders sell in panic when the price dip below $40000. Wish it will not go that low.

[BitcoinBarrel]

Probably create such a topic next time before the drop actually happened, not after. So you just wouldn't look like some Mr. hindsight who wants to look smart in an internet forum and calling people noobs.

Here you go:

https://bitcointalk.org/index.php?topic=5338953

 

[mk4]

Here you go:

https://bitcointalk.org/index.php?topic=5338953

 

You posted a topic on May 21(bitcoin was more or less at $40k) that bitcoin would drop to the $20k range. Okay? That barely says anything compared to the $60k peak you're claiming here in this topic.

But hey, you may or may not be right about $20k. But we're not there yet, and you're already having an ego trip lol.

[pinggoki]

Probably create such a topic next time before the drop actually happened, not after. So you just wouldn't look like some Mr. hindsight who wants to look smart in an internet forum and calling people noobs.

Exactly, they're trying to bank on the current situation and say that things did go bad as they've expected. Pretty sure that OP is just fishing for attention or is trying to look cool in this forum to impress faceless individuals in the forum and hopefully gain their admiration but it sort of backfired.

[Ararbermas]

Actually since December there's already some sort of sign mate that bearish seems to start soon or later and yes it's happening gradually right now. maybe your friends missed some of those news that emerged around the internet.. If i were them i will  keep adding more in the dip because its too late to dump.. Indeed it will last soon when bulls show a sign as well. So keep adding and be patient is the good idea on this situation not dumping because it's a big mistake wherein the price is already near 30k+ especially if they bought higher than that.

[tokeweed]

We are entering the Fear phase now. Hold onto your Butts!

Are we?  The daily obv looks bad but the weekly still looks decent.  And that 40k support looks like it’s going to hold imho.  Dunno...  But I’d start worrying if BTC breaks down 40k and drops with lots of mometum to 30k.



And if anything, to me it really feels like it’s going to play out like it did last July.  But this time with 40k bottom instead of 30k.  BTC could go back up to 46k - 48k then drop back down to where it is right now before trending back up again.

[Upgrade00]

There is no medal for guessing that the price of bitcoin would drop. If you are naturally pessimistic person and preach caution doom when ever the price rises, you will eventually appear to be right cause we have not achieved stability yet and the value tends to drop after reaching certain heights.

Following your 'victory dance' post, a lot of your friends who did not sell but waited for $60k actually benefited more. Those who did hodl through the recent peak just have to hodl longer, It is money you can afford to lose after all.

[boyptc]

Logically if we're applying the same pattern in the past, everyone would be thinking and expecting a dump and bear market.

Just as the bull run have started at the end of 2020 then it's already 1 year long for the bull run. Having that said, everyone who has experienced the market from 2017-2019 would have the idea that we're going to see the inevitable.

And that's the bear market but who knows if this start of the year isn't the one that we're expecting and it's just another form of correction. But, wouldn't enter into bear.

[takuma sato]

Tried to tell my friends back in the summer that $60k+ was a good time to sell because bear market was incoming.

No one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.

Now, 6 months later they are all talking about the crash incoming.

N00bs....

I saw it comming from both technical and fundamental analysis.

Technical analysis: We broke all time highs and it failed to deliver a proper breakout. It just went a shy extra couple of k's above the prior ATH, and then it went below prior swing lows, this is very bearish from a technical POV. Then add in the fundamentals.

Fundamental analysis: An insane amount of media attention, everyone getting rich from total memecoins like Shiba, NFT craze, people buying scams like ETH and "ETH killers" because "BTC is now too high" etc etc. It's always the same thing every cycle, and on every cycle there is people in dennial about it ending.

Im not sure if this is a secular bear market of 2+ years or an intermediate one. In any case, something like this was coming and it was predictable. And now the question is, 20k before 100k or not?

[Kemarit]

Tried to tell my friends back in the summer that $60k+ was a good time to sell because bear market was incoming.

No one listened. They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.

Now, 6 months later they are all talking about the crash incoming.

N00bs....

I guess you can't blame them though, six months ago the price is really just on the momentum and it's about to reach a new all time high.

So there emotions is too high to think that the price will go and even hit 6 digits become someone popularizing that idea with his bitcoin prediction modelling.

But for those like you who see it coming and then warn them, maybe the last laugh is on them. Nevertheless, I do hope that you yourself has prepared as well for this incoming bear market.

[sheenshane]

If they can wait for another ATH this would have no problem at all.
We may under on the correction price market but for sure someday it will recover and make another ATH, as an investor, we should aim at a profit target, withdraw when we see there is your profit x times folds from your capital, don't be greedy waiting for a high return.  Or else, just keep holding until the bull season will come.

Nobody knows when the bear market comes because it's unpredictable and there's no time frame when it will raise back again.
All we have to do is avoid looking for the prize in the market.

[Jating]

If they can wait for another ATH this would have no problem at all.
We may under on the correction price market but for sure someday it will recover and make another ATH, as an investor, we should aim at a profit target, withdraw when we see there is your profit x times folds from your capital, don't be greedy waiting for a high return.  Or else, just keep holding until the bull season will come.

Nobody knows when the bear market comes because it's unpredictable and there's no time frame when it will raise back again.
All we have to do is avoid looking for the prize in the market.

I think we can say that when the price starts to turn around after hitting $68k, maybe for some they can call it a bear market already (except for those who are really perma-bear, they will call the market bearish no matter what).

Of course one way to make profit in bitcoin market is to be a holder so better wait for the next bull run. But it might take years, probably another 3 years in the making. So it will be a long time, but if you have the psychology and the patience to wait for that long then why not?

[lienfaye]

Well, its not a problem if they didnt listen to sell during peak price because as long as they keep on holding and willing to wait until the next bullish season then there's nothing to worry. It might takes months or years (no one really knows) so having lots of patience is really needed.

We know its inevitable for bearish season to happen (since crypto is high volatile) but not selling is a choice, they have their own reasons. Its a temporary situation and certainly the market will recover in time.