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Author Topic: It's the year 2018 over again  (Read 1288 times)
Oasisman
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May 05, 2022, 07:26:02 PM
 #81

It seems we are already in a bear market but how far can this go? A year or two just like 2018-2019? Or this is a short term bear market? MMCrypto on youtube said that 30,000$ BTC is possible, if this do happens altcoins will bleed more than ever and this will unlock the beginning of the downfall of many altcoins.

Yes we are. However, I don't consider bearish yet not until Btc falls below $30k IMO and yeah most altcoins in the market will surely bleed.
2018 is one of the worst bearish run If not the worst of all, but look at how top alts are performing right now.
It's not actually the beginning of the downfall, that's actually a new opportunity for those who wish to buy crypto with a huge discount and huge return. That will also depend on your risk appetite.
Don't just settle for one source of crypto info, you also need to listen to other speculations and analysis.

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May 05, 2022, 07:29:18 PM
 #82

It seems we are already in a bear market but how far can this go? A year or two just like 2018-2019? Or this is a short term bear market? MMCrypto on youtube said that 30,000$ BTC is possible, if this do happens altcoins will bleed more than ever and this will unlock the beginning of the downfall of many altcoins.
No one can predict bitcoin perfectly, because this coin has no similarity such as other coins in the market, I still doubt Bitcoin will be at 30,000 $ in the near future, it does not mean that market conditions are in the correction stage showing that bitcoin will be at the lowest point, This is indeed there is no significant increase, but believe in the future market reactions will be quite different, things that are predicted before can change so fast.
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May 05, 2022, 07:43:31 PM
 #83

It seems we are already in a bear market but how far can this go? A year or two just like 2018-2019? Or this is a short term bear market? MMCrypto on youtube said that 30,000$ BTC is possible, if this do happens altcoins will bleed more than ever and this will unlock the beginning of the downfall of many altcoins.
In as much as I so much detest The bear market I always look at the brighter side, the bear market brings a complete red state for many crypto-coin and as always the bear market is a season that always pass by, but it is like a test that many fake coins, scam coin always fail, many of this low imitative coin takes the bull market to survive and get people in it, but the bull market comes by to put them in their place so the bull market is a season we shouldn’t really be scared of because it’s the genetical makeup of crypto-currency.
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May 05, 2022, 08:36:24 PM
 #84

It seems we are already in a bear market but how far can this go? A year or two just like 2018-2019? Or this is a short term bear market? MMCrypto on youtube said that 30,000$ BTC is possible, if this do happens altcoins will bleed more than ever and this will unlock the beginning of the downfall of many altcoins.
I sincerely doubt that this bear market is going to be as bad as the one that we saw during the crash of 2018, things have improved significantly since then and this means that even if the decrease in the price that we saw was without a doubt important it is not going to be as catastrophic than what we saw back then, however if you believe that is going to be the case and you are worried that bitcoin will suffer the same fate and its price will keep going down then sell your altcoin holdings and keep that money invested in bitcoin instead.
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May 05, 2022, 09:01:56 PM
 #85

It seems we are already in a bear market but how far can this go? A year or two just like 2018-2019? Or this is a short term bear market? MMCrypto on youtube said that 30,000$ BTC is possible, if this do happens altcoins will bleed more than ever and this will unlock the beginning of the downfall of many altcoins.
I sincerely doubt that this bear market is going to be as bad as the one that we saw during the crash of 2018, things have improved significantly since then and this means that even if the decrease in the price that we saw was without a doubt important it is not going to be as catastrophic than what we saw back then, however if you believe that is going to be the case and you are worried that bitcoin will suffer the same fate and its price will keep going down then sell your altcoin holdings and keep that money invested in bitcoin instead.
Same thought, The 2018-2019 market crash is just more brutal than what we are experiencing today, The charts I follow doesn't show that kind of massive fall like what we experienced before. I believe that bitcoin would recover from this state and will consolidate again.

"If ever" a massive crash happen, People will panic for sure and many lives will be ruined especially newbies.

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May 05, 2022, 10:03:34 PM
 #86

If the price of bitcoin is still lower and lower for sure many people will read to sell their coins because they are thinking that these are the price until the future. But we must think that all of these are going through and the price will rise soon. All we need is do not to panic and balance our decision in order to fail. In my own opinion bitcoin will recover like what it did in the past year.
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May 05, 2022, 10:55:47 PM
 #87

If the price of bitcoin is still lower and lower for sure many people will read to sell their coins because they are thinking that these are the price until the future. But we must think that all of these are going through and the price will rise soon. All we need is do not to panic and balance our decision in order to fail. In my own opinion bitcoin will recover like what it did in the past year.
its a normal cycle that happen in cryptocurrency market, price will goes up and goes down based on market sentiment that currently released in market. if we are long term investors, accumulating bitcoin when it in high volatility could make our bag full, and it couldbe good preparation for next halving.
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May 05, 2022, 11:12:08 PM
 #88

Inflation higher than it’s been in 40 years, and that's the reason for the ongoing market decline as FED keeps increasing the interest rates. It further mentioned, the interest rates will be raised again. Any decision made by the Fed will affect bitcoin and the crypto space, ans thats what we're experiencing now. It looks like a short term market decline. If questioned, will this be another 2018? We don't know how changes gonna happen in the market. Already most of the altcoins have marked a decline of over 5% and if this goes further it can be good time for accumulation.

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May 05, 2022, 11:15:59 PM
 #89

If the price of bitcoin is still lower and lower for sure many people will read to sell their coins because they are thinking that these are the price until the future. But we must think that all of these are going through and the price will rise soon. All we need is do not to panic and balance our decision in order to fail. In my own opinion bitcoin will recover like what it did in the past year.
its a normal cycle that happen in cryptocurrency market, price will goes up and goes down based on market sentiment that currently released in market. if we are long term investors, accumulating bitcoin when it in high volatility could make our bag full, and it couldbe good preparation for next halving.
Dont know on why people do really still get surprised everytime that price do really make out some decrease and freaking out that this is the same on past years that do happen.Im not saying they are wrong
or even right but we should really stick out into the idea that this market is really having that unpredictable kind of behavior in terms of its movement.There might be someone who do see some similar
pattern just like on past years but actually it isnt something similar but rather it is just the typical or normal days here on this space which as a crypto believer and supporter then
you  should bare on whatever situation you might faced on.

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May 05, 2022, 11:51:17 PM
 #90

~
Yes we are. However, I don't consider bearish yet not until Btc falls below $30k IMO and yeah most altcoins in the market will surely bleed.
2018 is one of the worst bearish run If not the worst of all, but look at how top alts are performing right now.
Every bear run we had till now was brutal and the price correction was too steep not just in 2018 but before that as well. Considering that we have not bleed that much when i write this but i am expecting the same kind of bleeding during a bear run. The reasons for the correction might be different but we will see a grand correction in the coming months.

It's not actually the beginning of the downfall, that's actually a new opportunity for those who wish to buy crypto with a huge discount and huge return. That will also depend on your risk appetite.
Don't just settle for one source of crypto info, you also need to listen to other speculations and analysis.
You can view every correction as an opportunity but what is different is that the market is behaving like other financial markets where a negative financial news could impact here as well which i think is not a good aspect considering we are seeing this as a store of value and now it has turned into a market of speculation.
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May 06, 2022, 07:43:35 PM
 #91

I am a person who believes that history will repeat itself in the crypto market. Where we will experience a decline after touching ATH. But for how far the decline I do not know for sure, but I believe we will experience a decline from here. And I am sure that the timing will be the same as before, which happened in 2018-2019.

Of course a bear market is not a bad thing, it could be a bear market is an opportunity. There will be a lot of analysis work later to choose and buy coins such as BTC, BCH, BNB or other potential coins as future investments when the price drops.
I do not see a fall like 2018 to happen. I mean people are forgetting how bad that was, we dropped from 20k to 3.5k in bitcoin, and that's just bitcoin, ETH had a drop from 1.470 to 80-90 dollars as well, that is more than 90%+ drop. Do you really believe that the same thing could happen today as well?

I really doubt it, sure you could call a drop from 68k to under 40k as a bear market, and we even saw under 30k last year for a single day, so it could go down there again. However as long as it recovers and doesn't keep going down then I wouldn't call this a bear market. It needs to be like bitcoin at under 10k and ethereum at under 400 in order it to be similar to 2018 for me.
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May 06, 2022, 09:59:06 PM
 #92

It seems we are already in a bear market but how far can this go? A year or two just like 2018-2019? Or this is a short term bear market? MMCrypto on youtube said that 30,000$ BTC is possible, if this do happens altcoins will bleed more than ever and this will unlock the beginning of the downfall of many altcoins.
It seems that the market trend is dropping. I know that the price of Bitcoin so far didn't drop significantly once. But it dropped step by step by touching certain support and then it will drop again. although sometimes the price can go up again, in fact after that, it will exactly drop again much more than previously. Yes, maybe this is the beginning of the bearish trend.
But, it is still unpredictable because now there are many FUD and FOMO that can bespread very easily

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May 06, 2022, 10:05:57 PM
 #93

It seems we are already in a bear market but how far can this go? A year or two just like 2018-2019? Or this is a short term bear market? MMCrypto on youtube said that 30,000$ BTC is possible, if this do happens altcoins will bleed more than ever and this will unlock the beginning of the downfall of many altcoins.
It seems that the market trend is dropping. I know that the price of Bitcoin so far didn't drop significantly once. But it dropped step by step by touching certain support and then it will drop again. although sometimes the price can go up again, in fact after that, it will exactly drop again much more than previously. Yes, maybe this is the beginning of the bearish trend.
But, it is still unpredictable because now there are many FUD and FOMO that can bespread very easily

the possibility is always there but we can't ignore the fact that the adoption today is very different as compared to way back in 2018. it may drop to 30k again or can go up. no one knows. but if it will continue to go down, why not grab this opportunity for those who are waiting this price level? as we know, it is only a matter of time before we see the bitcoin's price rising up again.

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May 07, 2022, 12:43:21 AM
 #94

It seems we are already in a bear market but how far can this go? A year or two just like 2018-2019? Or this is a short term bear market? MMCrypto on youtube said that 30,000$ BTC is possible, if this do happens altcoins will bleed more than ever and this will unlock the beginning of the downfall of many altcoins.
It seems that the market trend is dropping. I know that the price of Bitcoin so far didn't drop significantly once. But it dropped step by step by touching certain support and then it will drop again. although sometimes the price can go up again, in fact after that, it will exactly drop again much more than previously. Yes, maybe this is the beginning of the bearish trend.
But, it is still unpredictable because now there are many FUD and FOMO that can bespread very easily
only big negative news that could make drop direct in one step, maybe its been happen in 2017 - 2018 which fud from China very effective to shake market. we still remember how market reaction while China's government decided to ban crypto in their country, strong bearish candle form continuesly in days and weeks. market sentiment will give huge effect to market ,when it turn positive or negative market will give various effect.

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May 07, 2022, 03:14:03 AM
 #95

only big negative news that could make drop direct in one step, maybe its been happen in 2017 - 2018 which fud from China very effective to shake market. we still remember how market reaction while China's government decided to ban crypto in their country, strong bearish candle form continuesly in days and weeks. market sentiment will give huge effect to market ,when it turn positive or negative market will give various effect.
Now what is the thing that makes the market can fall in just a matter of hours other than the fud problem? so that almost some people panicked because it happened without any direct news and I was also very surprised when I saw the dump that just happened in the market.

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May 07, 2022, 04:14:41 AM
 #96

Looking at the current state of the market, it is already seen that the bear market we have been living, every day the value of crypto is decreasing, especially the value of bitcoin, but the decline that occurs is not up to the lowest extent as in 2018 and this will not last long until the next few years, but this is just a prediction and we see from the development of crypto today then the trust depends on our respective beliefs.

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bitjoin
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May 07, 2022, 04:58:50 AM
 #97

Looking at the current state of the market, it is already seen that the bear market we have been living, every day the value of crypto is decreasing, especially the value of bitcoin, but the decline that occurs is not up to the lowest extent as in 2018 and this will not last long until the next few years, but this is just a prediction and we see from the development of crypto today then the trust depends on our respective beliefs.
Why panic, bear markets provide an opportunity to take profit, the decline in the value of Bitcoin makes the value of Altcoins also fall. Although not entirely, the cycle that occurs always follows the flow of Bitcoin. What happened in 2018 was the worst decline ever, bears will not last long, immediately enter the market to have some coins that can give profit when the bulls come.

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May 07, 2022, 05:06:00 AM
 #98

only big negative news that could make drop direct in one step, maybe its been happen in 2017 - 2018 which fud from China very effective to shake market. we still remember how market reaction while China's government decided to ban crypto in their country, strong bearish candle form continuesly in days and weeks. market sentiment will give huge effect to market ,when it turn positive or negative market will give various effect.
Now what is the thing that makes the market can fall in just a matter of hours other than the fud problem? so that almost some people panicked because it happened without any direct news and I was also very surprised when I saw the dump that just happened in the market.
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I was surprised yesterday morning when I saw the market turned back to last month.
But at the moment we can only hope that this drastic market decline will end soon.
Because it is almost half of the capital I feel I have lost my assets that I have been maintaining.
Even though yesterday the market had a positive aura again, but now it's down again.
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May 07, 2022, 05:13:49 AM
 #99

It seems we are already in a bear market but how far can this go? A year or two just like 2018-2019? Or this is a short term bear market? MMCrypto on youtube said that 30,000$ BTC is possible, if this do happens altcoins will bleed more than ever and this will unlock the beginning of the downfall of many altcoins.
stop listening to them coz if the history will repeat itself this year for sure there's a significant theory for the current situation especially from those real experts about the crypto market not those only that so called experts around the internet for example in youtube which is mostly are click bait just want to take advantage the situation to get views. Don't easily trust to prevent panic, if i were you seek for more information instead to get more specific answers for the situation.
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May 07, 2022, 05:15:18 AM
 #100

It looks like the bear won't end anytime soon. A lot of fud going on and this is really affecting the market in the negative way. I think the war in Ukraine is seriously affecting the market. I personally had a lot of expectations for this year as far as cryptocurrency is concerned but anyways I think anything can still happen, the year is still early. Let me not conclude hastily.

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