Who saw the Bear market coming?

[usekevin]

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.

Experienced traders will do trading both at dump and pump.Because they know, the price will vary for sure.The lesson from the trade is happened both with the loss and profit.If you had loss 1000$, you should not worry about it. In some days with a huge analysis you can easily earn of 5000$ in a short period. Only way to get huge profit, holding is essential one.The time will answer us for our investments.

[wxa7115]

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.

This is very common, intellectually it is very easy to see if you look at the charts that bull markets are followed by bear markets and that it is impossible for a bull market to go on forever, however when a new trader or investor experiments a bull market for the first time it seems to them as if it is going to last forever and that it is unstoppable.

So they take risky decisions, like using leverage, asking for loans to a bank or to their friends  or even sell their house to put more money in the market, and that is when the market begins to go down and we see all kind of bad decisions being taken as they are in complete panic, since they were not expecting the market to suffer a downturn at that precise moment, even if we know that something like that can happen at any moment due to the unpredictability of the market.

[wheelz1200]

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....

Happens ever market cycle.  When people are greedy AF it's time to start closing longs and preparing for the downfall.  No market can continually sustainassive gains no reason the think crypto will ever break that.  Easy solution sell when everyone is buying and buy when everyone is selling.  Typically works out well.

[OgNasty]

I've been telling people for the last 4 years that the time to sell would be not a price, but a point in time.  I chose early December of 2021.  When all of my friends started hitting me up as Bitcoin was pushing up towards $50K and asking if they should buy in, I let them know that we were in the 9th inning of this run and the advice that I repeatedly gave to those close to me was this...

"It's ok if you want to speculate on Bitcoin during the bubbles, but know that if you're still holding crypto come Christmas time you're probably going to lose a lot of money."

While I may not have hit the date exactly, considering the time frame I think I did pretty well.  Nevertheless, nobody listened and now I'm hearing about how crypto is a scam that cost them half their money.  Oh well.  On to the next cycle.  I would advise people to buy big if it hits sub-$10K in the next 2 years and don't forget to sell your stack in December of 2025 this time.

[Natalim]

Nobody had ever seen what will be the incoming and that is why we come to speculate the market which most of the time we get wrong (over speculated). Well, perhaps we do and never find it regretting as we are aware of the situation that it was purely unpredictable.

However, as we go through the market history, we can also predict that the market will dump somehow after Bullrun and we anticipate at least but sad to see that many (newcomers) had failed to make it but instead, they buy during the hypes and now they are suffering losses.

[crzy]

Nobody had ever seen what will be the incoming and that is why we come to speculate the market which most of the time we get wrong (over speculated). Well, perhaps we do and never find it regretting as we are aware of the situation that it was purely unpredictable.

However, as we go through the market history, we can also predict that the market will dump somehow after Bullrun and we anticipate at least but sad to see that many (newcomers) had failed to make it but instead, they buy during the hypes and now they are suffering losses.

Actually I read some prediction before that bear market is about to happen though they can’t tell the exact time and date but this bear is already expected as we failed many times to break the resistance level last year. We had a great bull run though and the market can’t continue such trend without having any corrections, so I see this as a normal and healthy trend. Bear market will not last longer, we will recover from this and having good coins on your wallet now is a big thing.

[TheEconomists]

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....

Are those your friends don't belong here in the forum? If your answer is yes then why don't you open the topic in relation to your acclaimed warning for them to sell. And if your is no that they don't belong here then why do you have open this topic of your warning to your friends knowing fully well that they are not here to confirm what you are saying.

[thecodebear]

I find it funny that people actually think we're in a bear market. Just another moderately long downturn like last May-July. In fact it looks like the drop is probably over at this point and it's starting to head back up. 2022 will be a solid year of growth for Bitcoin. Expect $100k in the second half of the year.

People who think we're in a bear market are ignoring all the data showing a bottom has been forming, ignoring all the data showing that holders have been accumulating since July so that liquid bitcoin is extremely low right now as always happens in the buildup to a bull market, and the fact that bitcoin never got close to anything that could remotely be called a blow-off top last year which it what has also led to the big long crypto winters. This is just a healthy finding of the bottom of the market as short term investors panic sell on various fears of economic doom and gloom. Luckily Bitcoin don't care about your doom and gloom and bitcoiners just keep buying the cheap Bitcoin from the short termers. We're heading for a massive supply shock as soon as the short termers start buying again.

The people who sold recently looking to buy back at $20k or $15k or $10k are going to be buying at $50k or $55k or $60k this winter/spring.

So I'd say to all the people who "saw the bear market coming", fortunately you're wrong again, just like last Spring

[Silberman]

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....

If your friends are not really good at predicting what comes next then try to talk to them about choosing a strategy that does not rely on predicting what the market will do, dollar cost averaging or just buying bitcoin whenever you have some fiat available should be the perfect strategy for those that cannot foresee when the bull and the bear markets will come, it is true that it is a strategy that requires patience but other than that it can be incredibly profitable as well, as long as you are constant with it.

[aruldaroy]

Nobody had ever seen what will be the incoming and that is why we come to speculate the market which most of the time we get wrong (over speculated). Well, perhaps we do and never find it regretting as we are aware of the situation that it was purely unpredictable.

However, as we go through the market history, we can also predict that the market will dump somehow after Bullrun and we anticipate at least but sad to see that many (newcomers) had failed to make it but instead, they buy during the hypes and now they are suffering losses.

Actually I read some prediction before that bear market is about to happen though they can’t tell the exact time and date but this bear is already expected as we failed many times to break the resistance level last year. We had a great bull run though and the market can’t continue such trend without having any corrections, so I see this as a normal and healthy trend. Bear market will not last longer, we will recover from this and having good coins on your wallet now is a big thing.

I myself also cannot predict that the market price will slowly decline before the market enters the bear market last month until now the market has not been able to get out of the red zone.
Even though the bear market didn't last long, I still kept some of my good coins which I haven't sold yet because considering the very low price, I will keep it until the market really recovers.

[btc78]

I did not see thus coming though i still don't see this bear market instead correction , though it is low compared to the end year price yet it is still best than this.

there are so much FUD happens recently and now the latest is the Situation about the Ukraine government and the Russian , so i think there would be more to happen sooner.

[Renampun]

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....

for a trader, not selling at $60k is a regret...

I also think that $60k will not last long, the price of Bitcoin is very volatile so the price can change anytime. On the other hand, bear market is not going to last forever, we will experience bullish as well, very soon.

[Raflesia]

-snip-

for a trader, not selling at $60k is a regret...

I also think that $60k will not last long, the price of Bitcoin is very volatile so the price can change anytime. On the other hand, bear market is not going to last forever, we will experience bullish as well, very soon.

Because they think bitcoin can reach $100k but in reality it doesn't, so many are trapped in bearishness.

Because bitcoin is volatile it can change at any time but we are waiting for the market to recover again and try to rally but now bitcoin has started to improve if we can redeem $40k in the next month of course we can say bullish will come again but I do not determine this prediction will remain but in the end it can try to fail with FUD news.

[Hypnosis00]

I did not see thus coming though i still don't see this bear market instead correction , though it is low compared to the end year price yet it is still best than this.

For those who come and think about the market in an optimistic way, it certainly can't see any negative sides of crypto but rather see it in positive things. In fact, this correction can still be predicted but we don't know when it comes, that was the reality and this makes many people unprepared and sometimes become neglected.

there are so much FUD happens recently and now the latest is the Situation about the Ukraine government and the Russian , so i think there would be more to happen sooner.

Well, they are actually going to exist but I don't weigh them much as the reason for the price drop. But what I could say is that the market just even to fall to its normal and this what it happens nowadays.

[Oasisman]

I did not see thus coming though i still don't see this bear market instead correction , though it is low compared to the end year price yet it is still best than this.

there are so much FUD happens recently and now the latest is the Situation about the Ukraine government and the Russian , so i think there would be more to happen sooner.

You might not see it as a bear market because the price is still relatively high compared to the bear market from the past, but we are actually in a bearish situation at this current position.
If you noticed people are actually thinking $30k will be the bottom price of the correction, so when Bitcoin closes near that figure, It bounces back up.
If you see a lot of FUD these days, well maybe that's because huge investors wants more dip so they could accumulate more.

[doomloop]

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....

Your friends did not know that you have more experienced than them or to those youtubers when it comes to cryptocurrency, that is why they do not follow your advices. Now you know that they are not really your true friend. No one saw that the bear was coming except from you because you have predicted it right but no its not only a mere prediction that you did but your long term experience in this field is also what makes your prediction more possible.

Anyway, can we ask a favour maybe you can also share your insights if when will the bull market will come. You can count on us that we will follow your advices.

[Shasha80]

I did not see thus coming though i still don't see this bear market instead correction , though it is low compared to the end year price yet it is still best than this.

there are so much FUD happens recently and now the latest is the Situation about the Ukraine government and the Russian , so i think there would be more to happen sooner.

You might not see it as a bear market because the price is still relatively high compared to the bear market from the past, but we are actually in a bearish situation at this current position.
If you noticed people are actually thinking $30k will be the bottom price of the correction, so when Bitcoin closes near that figure, It bounces back up.
If you see a lot of FUD these days, well maybe that's because huge investors wants more dip so they could accumulate more.

Indeed, everyone has a different opinion whether what is happening now is a bear market or just a normal correction. That's not a problem
because our real goal is to invest in crypto to make a profit, so we must be able to take the right decisions so that we do not experience losses.
Actually, if we choose potential coins, we don't need to be afraid if the price drops, because potential coins can always recover if the price falls.
The most important thing is to just accumulate as many coins as we think are potential if the market goes down, because whales or big investors
do the same, they accumulate coins that they believe are good if the market goes down. Then don't be greedy after the market has recovered
and the coins we bought have gone up in price, so don't hesitate to sell them to make a profit. Because after the market goes up the next market
will go down, that's how the crypto cycle is, we just need to understand how crypto works.

[CryptoYar]

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

I think you should tell your friends that they need to stay away from YouTubers. And They need to do their own research before investing In any project.

~
I would advise people to buy big if it hits sub-$10K in the next 2 years and don't forget to sell your stack in December of 2025 this time.

10k isn't possible in my opinion. Technically bitcoin never broke its previous cycle ATH

[michellee]

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

I think you should tell your friends that they need to stay away from YouTubers. And They need to do their own research before investing In any project.

I agree with this. Yes, stay away from Youtubers and do not seriously watch those videos before you research. By the way, the bear will come and so do the bull but if we can DYOR, we can prepare for anything that will come. So whenever you feel difficult to select, you should research furthermore to find the answer.

The down of the price does not always mean as the bear comes, but we often see that it is about a correction for the price and sometimes, the price drops deeper and makes us confused if the bear already comes or it is just a correction. We see the price get a green candle at this time, but it could get down again. So it is better to be careful and still research.

[antmex]

On my opinion BTC drops into a bearish zone.
For me personally BTC have to close above the blue line before continuing bullish trend. And that’s a long way from here.
https://de.tradingview.com/x/d34Niwn4