Who saw the Bear market coming?

[uneng]

IDK at this point, seems to be holding pretty strong at $40K.

Maybe the days of 80% corrections after ATHs are over?

I'm still bearish personally, but it has been a great your for Crypto in general. We'll see.

There's already institutional investors that holds the majority of supply which keeps the price don't dip below 40K since thats the buying price of most of them. I believe 80% correction is still possible once they decided to give up there position and take profit which will not happened right now since most there holdings needs approval or reach a certain amount of profit and maturity for it to be liquidate.

The problem is that these investors supporting bitcoin at 40,000$ range might be the same ones who crash the market as soon as bitcoin hit 43,000$. There is no difference between institutional investors and whales. All of them are very dangerous for bitcoin stability and price increasement along the time.

If the supply of bitcoins were splitted among more investors, we wouldn't have massive selloffs like the one seen earlier today, which instantly liquidated more than half billion dollars in cryptocurrencies. Bitcoin still need more adopters who aren't related to the speculative practices of the financial market in order to thrive smoothly.

[wxa7115]

IDK at this point, seems to be holding pretty strong at $40K.

Maybe the days of 80% corrections after ATHs are over?

I'm still bearish personally, but it has been a great your for Crypto in general. We'll see.

There's already institutional investors that holds the majority of supply which keeps the price don't dip below 40K since thats the buying price of most of them. I believe 80% correction is still possible once they decided to give up there position and take profit which will not happened right now since most there holdings needs approval or reach a certain amount of profit and maturity for it to be liquidate.

The problem is that these investors supporting bitcoin at 40,000$ range might be the same ones who crash the market as soon as bitcoin hit 43,000$. There is no difference between institutional investors and whales. All of them are very dangerous for bitcoin stability and price increasement along the time.

If the supply of bitcoins were splitted among more investors, we wouldn't have massive selloffs like the one seen earlier today, which instantly liquidated more than half billion dollars in cryptocurrencies. Bitcoin still need more adopters who aren't related to the speculative practices of the financial market in order to thrive smoothly.

In order for that to happen we will need people to begin to use bitcoin more as a currency than as a speculative asset, and while I think we are seeing a nice transition in that regard as now more people are using bitcoin in their everyday lives at the same time this is a process that will take a significant amount of time.

So I think we need to accept that the volatility of bitcoin will remain high at least during the next decade as bitcoin makes that transition and then people acknowledge a change has taken place.

[Oilacris]

IDK at this point, seems to be holding pretty strong at $40K.

Maybe the days of 80% corrections after ATHs are over?

I'm still bearish personally, but it has been a great your for Crypto in general. We'll see.

There's already institutional investors that holds the majority of supply which keeps the price don't dip below 40K since thats the buying price of most of them. I believe 80% correction is still possible once they decided to give up there position and take profit which will not happened right now since most there holdings needs approval or reach a certain amount of profit and maturity for it to be liquidate.

The problem is that these investors supporting bitcoin at 40,000$ range might be the same ones who crash the market as soon as bitcoin hit 43,000$. There is no difference between institutional investors and whales. All of them are very dangerous for bitcoin stability and price increasement along the time.

If the supply of bitcoins were splitted among more investors, we wouldn't have massive selloffs like the one seen earlier today, which instantly liquidated more than half billion dollars in cryptocurrencies. Bitcoin still need more adopters who aren't related to the speculative practices of the financial market in order to thrive smoothly.

In order for that to happen we will need people to begin to use bitcoin more as a currency than as a speculative asset, and while I think we are seeing a nice transition in that regard as now more people are using bitcoin in their everyday lives at the same time this is a process that will take a significant amount of time.

So I think we need to accept that the volatility of bitcoin will remain high at least during the next decade as bitcoin makes that transition and then people acknowledge a change has taken place.

It would really be having that kind of treatment on where people do really make it as a store of value rather than minding on how it should really be circulated.Well, i couldnt really blame off people

on having this kind of mindset or impression yet this market had really given out those kind of opportunities or benefits on getting big profits if the market tends to have a bullish run.

Of course bear markets would always be accompanied by the bull since these are the only things which could the market will able to move out.

[STT]

Do you know there is a bear market now, just because its gone down with some harsh news and fear has crept into the markets generally.  I dont see its especially defined long term in that way.   When we have confirmed for definite that we cannot break the common averages like 50 and 200 day I will start to believe it better then yes we must trend down over many months maybe more then this year.
   In terms of guessing, I recognized making a new high like that and failing to catch hold and keep it wasnt very positive pattern to occur.

[adaseb]

One thing I just realized is that, it’s no coincidence that whenever Litecoin has a quick pump, it usually leads to a bear market for Bitcoin.

Pull up the weekly chart and check. Whenever it has these pumps, it quickly retraced and the local top is in for Bitcoin.

It seems they sell BTC for LTC and then they sell into fiat or tether and the cycle repeats a few months or years later.

[kotajikikox]

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....

The bear market all over here.The price of bitcoin was keep reduced and made many investors sad.Only the person with sound trading knowledge will sustain market.Ohers will fly from trading with loss.Once you got good knowledge on trading,you can try the binance future trading.You can earn decent money from investments,if you play it wisely.

Lol real investor does not feel sad in this instead they are happy (Including me because this is the time that i may earn more chances to profit because the price is discounted and yeah super cheap.

Do you know there is a bear market now, just because its gone down with some harsh news and fear has crept into the markets generally.  I dont see its especially defined long term in that way.   When we have confirmed for definite that we cannot break the common averages like 50 and 200 day I will start to believe it better then yes we must trend down over many months maybe more then this year.
   In terms of guessing, I recognized making a new high like that and failing to catch hold and keep it wasnt very positive pattern to occur.

isn't normal in the following year after the hype? that the market will fell down low and make another ath in the couple of years pass?

[laredo7mm]

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

So more selling pressure coming? Most of the institution's average buying price is around 30k. I am not expecting the BTC price to go under that. There could be panic by flash crash towards 28k but I am expecting BTC will create support around the 30k-32k level. What do you think? According to your graph if BTC did make that much heavy crash we could be stable around 20k. Is that really possible after so much big-name clipping with BTC?

[Russlenat]

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....

They surely are regretting now if they are not holding it for the long term, for short term trade, selling at $60k would already give a decent profit, sometimes our greediness makes us not to make the right decision. Now that the market is bullish, if we panic, then we will lose.

[JazzOne]

In reality no on can predict when the bear will come.

[TheEconomists]

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.

This is exactly what what I intend to say about this topic. If he is so saw of him or her self let him make another topic of what will happen in the next six months to come so that some of us will follow up with his prediction and not just to come up after the event has happened. This like those who usually make analysis of of past market trend and not what will happen in future.

[jostorres]

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

This doesn't sit right with me, you calling your friends noobs because your predictions turned out positive, what if it had gone the other way round. I think the market just favored you and you shouldn't do that in my opinion. It is always highly expected to have bear market to happen after a strong bull run but unfortunately this time market failed to show up any stronger bull like 10x or 20x growth.

They all were hypnotized by the YouTubers shilling alt coins and thought another 10x was around the corner.

Not just on youtube but on every social media and every part of media where crypto events are being covered, people were talking about $100k to $400k possibilities and there will be no surprises about your friends are belonging to them.

[Myleschetty]

Only newbie and naive crypto currency invest will believe what Twitter or Youtube influencer because they are primarily paid to do so or hype their holding.

  

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.

Yes and this is the season I choose my altcoin gem. I believe every altcoin that survives the crash and still performs well after the crash is a well potential altcoin.

[Oceat]

Maybe you were right or maybe not but if I were you, I wouldn't jump to conclusion without having enough proof of information because as far as I can see the price is still bullish compared to 2020 price.

So, is it really bear market already? Or is it just a dip?

If you can predict what is the future price maybe you could make enough fortune out of that. And what if your friends were right from the start? It would be a shame if what you called them backfire to you. lol

AFAIK, I don't feel like a bear market is coming yet once this FUD is gone I think everything will be back to normal and then I think that's the time I would say the bear market is coming.

[BuNga_cute]

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....

They surely are regretting now if they are not holding it for the long term, for short term trade, selling at $60k would already give a decent profit, sometimes our greediness makes us not to make the right decision. Now that the market is bullish, if we panic, then we will lose.

Indeed many people regret not selling their Bitcoins when the Bitcoin price is above $60k. Not only are we greedy for bigger profits,
but everyone sometimes has a different selling target. So we can't blame people who decide not to sell their Bitcoins when the price is
already at $60k. Some people believe Bitcoin can reach a price of $100k and that is their target to sell the Bitcoin they have.
Although the price of Bitcoin is now down considerably, but learning from the history of Bitcoin price movements, the bearish trend
will not last forever. For sure Bitcoin will recover and will be bullish again, and it is very likely that the price of Bitcoin can go back up
to the price of $60k. So as long as we don't panic seeing the current market, and can be patient holding the Bitcoins we have until
the price goes up again. We should still be able to make a profit from Bitcoin, the most important thing is that we have to believe
in the future of Bitcoin.

[OgNasty]

I've been saying for nearly 4 years the time to sell would be December of 2021.  I missed it by about a month, but not bad.  Bitcoin is very much cyclical, and it's based on math and not market conditions.  I'm very curious if the market makers are going to be able to manipulate the market into being different this time, but I'd have to be burying my head in the sand not to expect us to hit $10K sometime over the next 2 years.  I think people are wrong about us entering a bear market.  I think we're just reverting to the mean, which I see around $10K.  The Bitcoin market bubbles up and then returns to value, it doesn't enter bear markets.  At least that's my opinion.  If it broke below the last cycle's low around $3K, then I'd have a change of opinion.

[AmoreJaz]

Maybe you were right or maybe not but if I were you, I wouldn't jump to conclusion without having enough proof of information because as far as I can see the price is still bullish compared to 2020 price.

So, is it really bear market already? Or is it just a dip?

If you can predict what is the future price maybe you could make enough fortune out of that. And what if your friends were right from the start? It would be a shame if what you called them backfire to you. lol

AFAIK, I don't feel like a bear market is coming yet once this FUD is gone I think everything will be back to normal and then I think that's the time I would say the bear market is coming.

yes, if he feels he can predict the market, why not use that knowledge to his advantage? you can't expect people to follow your advise. now, it is up to you how you will use that to your own funds. bear or bull season, everyone has their strategy on how to approach the market.
and besides, at the end of the day, you are the only one who can manage your funds. you can hear fud or advise, but the actual work will be on you. they don't care what you will do with your money. so don't be affected of what other people are doing to their money, it is not your business.

[Slow death]

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....

strange that in october the price was 60,000$ so from october to january there are 3 months, why are you talking about 6 months? Also, who has a crystal ball? I don't think anyone has a crystal ball. so even you at that time were making some assumption that the price would drop a lot in the same way as if you ask yourself now:

  what is the next price movement?

you will not have an answer

[timerland]

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....

There are also just as many people who called the top way earlier than the actual top...

What's your point? No one can predict the future and hindsight is always 2020.

The people who are getting wiped out right now are either a) over-exuberant about the state of the crypto market or b) over-leveraged and have bad portfolio management. It's not that they did not know when the top is coming.

[skarais]

yes, if he feels he can predict the market, why not use that knowledge to his advantage? you can't expect people to follow your advise. now, it is up to you how you will use that to your own funds. bear or bull season, everyone has their strategy on how to approach the market.
and besides, at the end of the day, you are the only one who can manage your funds. you can hear fud or advise, but the actual work will be on you. they don't care what you will do with your money. so don't be affected of what other people are doing to their money, it is not your business.

Each of us can speculate and predict the price of bitcoin for the future both by fundamental analysis and technical analysis. Sometimes it's right and sometimes it's wrong (perhaps more often) and it shouldn't be taken as financial advice. Predictions are not 100% correct so people say dwyor and dyor so anyone who believes must consider all possible risks.

After hitting ATH heavily in November, I have to admit that bitcoin has dropped quite a bit to date to be down to $34K. I see there are similarities between April ATH and November ATH especially in terms of how bitcoin is losing its price. If previously the FUD was made in China, now Russia comes with a FUD which is almost the same. If the scenario is the same, then bitcoin should have a bigger gain this year where maybe $80K could be hit.

[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....

There are also just as many people who called the top way earlier than the actual top...

What's your point? No one can predict the future and hindsight is always 2020.

The people who are getting wiped out right now are either a) over-exuberant about the state of the crypto market or b) over-leveraged and have bad portfolio management. It's not that they did not know when the top is coming.

In short, inexperienced investors, maybe it's there first time to witnessed a bull run and thought that it can go on forever like this and never saw the top coming.

But this could be a good lessons for them, and maybe will change their perspective on how to long at the market and in the future will know how to react correctly.