It's the year 2018 over again

[Widdop37]

I am thinking the same whether this will repeat itself like in 2018 where in 2018 the price of bitcoin dropped dramatically if this happened again like in 2018 then I will wait for the price of bitcoin to fall in a few days then I want to invest it because in 2018 I missed a golden opportunity and now this year i don't want to repeat the same mistake again.

Most of us who experienced that massive drop actually wants bitcoin to repeat itself. I'm sure people who is new to crypto will leave if this happen but people who stay will be rewarded. We've experience those traumatic drop before but now we learned our lesson and want to take advantage of it.  I'm personally waiting for that moment to happen.

What moment exactly are you waiting for? Like BTC to 3,500$ again? We both know that's never going to happen unless another virus takes over the world.

[d3nz]

I am thinking the same whether this will repeat itself like in 2018 where in 2018 the price of bitcoin dropped dramatically if this happened again like in 2018 then I will wait for the price of bitcoin to fall in a few days then I want to invest it because in 2018 I missed a golden opportunity and now this year i don't want to repeat the same mistake again.

Most of us who experienced that massive drop actually wants bitcoin to repeat itself. I'm sure people who is new to crypto will leave if this happen but people who stay will be rewarded. We've experience those traumatic drop before but now we learned our lesson and want to take advantage of it.  I'm personally waiting for that moment to happen.

That's the flow of the market. We just need to apply the knowledge that we've learned from past years and take advantage if the market goes dipper.  It would be best to swap it into USDT and later check for the chart if you think they will go on bear or bull and buy the crypto that you think has potential that will rise up again.

I don't know if it's worth buying an NFT and good to hold, since I think it just got hyped when Axie Infinity is trending on the internet.

[cdog]

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's hard to believe he's telling the truth about the current state of the bear market, I think he has good market analysis skills to review the market in the next few months. The market is on the edge of concern because every day more than 8% decrease in the price of Bitcoin, it is difficult to predict when BTC will lower its correction.

[Victorik]

We are face to face with reality, and the reality is that we are in a Bear. I think he is very correct, BTC might even go way below 30,000$. I am afraid, this might even be worst than 2018.

[Lubcub62]

We are face to face with reality, and the reality is that we are in a Bear. I think he is very correct, BTC might even go way below 30,000$. I am afraid, this might even be worst than 2018.

The strongest support has now been broken and 29000 is seen to be the next strongest support. hopefully there will be a bounce from now and end this bear market. because even I was surprised to see the cardano coin which fell much deeper than last year. and a few hours ago a large transaction of over 3000 bitcoins has been sent to the gemini market and 1000 bitcoins have been sent to coinbase. and it looks like it has been sold, causing btc to go down. hopefully no more big transactions that cause panic selling btc.

[BobK71]

We often say that ups and downs are the nature of crypto market. The market is now in a position where have the possibility to make a big dump. Those who survive in this period will be successful. So this time should be used properly. It is better to research without new investment and waif for next movement.

[wheelz1200]

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.

And here we are at $30k and alts bleeding.  This is the start, we have a long road ahead.  People that were trying to get rich are getting burned and are too proud to cut losses.  Ever run there are new sets of bagholders.

[Teraboy]

As you can see BTC price is around $30k level and the target of current bear trend is $25k first then it can touch $14k levels. The support levels below $20k will be tested one by one and the long term bear market will stay with us for as long term trend.

if the price of BTC touches below $30k then it’s gonna be a doomsday for most of altcoin honestly.
even right now so many altcoin has bleed and even some of the altcoins already down more than 80% if accumulated in this few months.
I don’t really know the real reason behind this bearish as it seems the down trend is also going down slowly but seems like a planned down trend in my perspective.
but I doubt the price of bitcoin will be below $30K maybe it’s not gonna touch that low because it’s already too big for that low valuation.

[Duzter]

We often say that ups and downs are the nature of crypto market. The market is now in a position where have the possibility to make a big dump. Those who survive in this period will be successful. So this time should be used properly. It is better to research without new investment and waif for next movement.

A real market is of ups and downs. This is being proven with all forms of investment. Whenever there is an opportunity it needs to be used. But, we fail to make use of it due to fear and big expectation. Surviving in this period isn't a big deal, but making good comeback when the market bounce back is the best thing an user should experience.

[Tervelatuk]

We often say that ups and downs are the nature of crypto market. The market is now in a position where have the possibility to make a big dump. Those who survive in this period will be successful. So this time should be used properly. It is better to research without new investment and waif for next movement.

waiting confirmation for market that bearish really end will give us less risk when enter to market. we are not in good position now, to much selling pressure to bitcoin which is be main currency in market. alot fud come to market especially from luna foundation which is rumored will selling their btc in treasury.

[keyscore44]

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.

At this point, we can already say with certainty that the cryptocurrencies are in the bear market. The price of Bitcoin, as predicted by the YouTuber you are talking about, has already dropped to almost $30k, so it became real. I think the biggest question right now is how low the Bitcoin price will drop and could it be as low as $20k? In my opinion, if the bear market lasts a few more weeks then $20k is quite possible.

[Dervish doff]

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.

this is what is called the effect of information on the value of the product, a lot of people get carried away with information, sometimes the information is true, but not all, just think that the price will be in the future, I used to think that the price of BNB was not what it is now, very sad when I saw the current price, I sold everything , I don't save anything, but if it's deeper than the opinion discussed by MMCrypto, chances are, he influenced other people who have BTC assets, making people panic with their assets. when he has the funds to buy, what happens, he buys cheaply because the demand for supply is in favor of many offers, so, that's an opportunity for BTC hoarders, at that time, we don't last long, other information arises BTC will have future value, like this that's the opinion that makes other people buy BTC assets, so that's when the movement has started in favor of the green hulk, then that's when the profits are on their side.

[Wildwest]

The current decline in the price of bitcoin and altcoins is not completely the same as in 2018 and currently the value of bitcoin is still reaching 31k $ although there are currently problems with negative news spread but I believe this will not last long, but we will see the development in the future hopefully the value of bitcoin will increase again and can pass the value last year, Never panic to sell when experiencing losses because this is indeed common in the crypto world.

[tazmantasik]

The current decline in the price of bitcoin and altcoins is not completely the same as in 2018 and currently the value of bitcoin is still reaching 31k $ although there are currently problems with negative news spread but I believe this will not last long, but we will see the development in the future hopefully the value of bitcoin will increase again and can pass the value last year, Never panic to sell when experiencing losses because this is indeed common in the crypto world.

Today bitcoin under $30,000 and decline reach higher price after last few hours success back to $32,000 but now back down although still on $31,000 above. Have chance and decision for bitcoin can reach higher price or decline again for dropping to lower price, bad years with bitcoin never success reach higher price and drop most significant from $43,000 and today have been on $30,000 as lower price. When bitcoin have been drop not any hopes with altcoin have increase most lower values and looks we need to hold long time with altcoin and bitcoin assets.

[Republikcoin.com]

The current decline in the price of bitcoin and altcoins is not completely the same as in 2018 and currently the value of bitcoin is still reaching 31k $ although there are currently problems with negative news spread but I believe this will not last long, but we will see the development in the future hopefully the value of bitcoin will increase again and can pass the value last year, Never panic to sell when experiencing losses because this is indeed common in the crypto world.

Selling at a loss is not a good solution and it is a bad thing to do, because when someone has already suffered a loss, the thing that must be done by him is to endure and be patient with the current conditions. From what I see now, the current decline in Bitcoin and altcoins is because the effects of the world war have not subsided so that the impact on the market is still very large.

[Widdop37]

The current decline in the price of bitcoin and altcoins is not completely the same as in 2018 and currently the value of bitcoin is still reaching 31k $ although there are currently problems with negative news spread but I believe this will not last long, but we will see the development in the future hopefully the value of bitcoin will increase again and can pass the value last year, Never panic to sell when experiencing losses because this is indeed common in the crypto world.

Selling at a loss is not a good solution and it is a bad thing to do, because when someone has already suffered a loss, the thing that must be done by him is to endure and be patient with the current conditions. From what I see now, the current decline in Bitcoin and altcoins is because the effects of the world war have not subsided so that the impact on the market is still very large.

Every investors are entitled to their money, maybe most have a limit of loss? Imagine BTC going back to 15000$, many don't want to see this level of price mate, some can only hold their BTC if it maintain the 20,000$ range and some at 30,000$ range, we all have our limits and targets.

[yurez]

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.

The bear market will likely continue for several more months until mid-autumn 2022. The summer holiday season is coming soon and this is not a good time to start a bull rally. In the long term the bear market will pass but I wouldn't be surprised if we see $10-15K per bitcoin in the middle of summer. For now, I will observe the movement of the crypto market from the outside.

[Inspiron14]

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.

The bear market will likely continue for several more months until mid-autumn 2022. The summer holiday season is coming soon and this is not a good time to start a bull rally. In the long term the bear market will pass but I wouldn't be surprised if we see $10-15K per bitcoin in the middle of summer. For now, I will observe the movement of the crypto market from the outside.

Yes right now we can see that Bitcoin continues to decline and we don't know when it will end,
when a bear market is going on it is better to remain calm and patient even though it is not an easy thing,
The most important thing is to be careful in making decisions

[Abiky]

I do not think that the war actually impacted the market all that much, not saying that it didn't neither but I believe that it didn't impacted "that" much. Looking at the current situation I could easily say that FED was the main reason, the day fed announced that they will increase the rates, whole market collapsed and that is a pretty good reasoning for the drop, not the war.

War has been going on for 3 months give or take, more than 2 months at least, and the market saw even 48k+ at some point during that war, which is a proof that if it can be 38k or under, and 48k or over, then we can say that market just doesn't care about the war at all.

The FED, the COVID-19 pandemic, and the war between Russia and Ukraine have negatively affected both cryptocurrency and stock market prices. Everything is going downhill in an instant as we enter a global economic recession. As the OP stated, this is all similar to the events of 2018. The crypto market is extremely bearish these days, as major cryptocurrencies fall massively in price like there's no tomorrow.

If you're smart, you'd accumulate as much coins as you can before everything goes back up again. Experts predict Bitcoin will reach $100k in the future, so buying BTC and altcoins now will leave you with substantial profits by then. Crypto was never about the money anyways, so as long as it works as intended, nothing else matters. Just my opinion

[Pejoh Asu]

About 4 days the price of bitcoin drops more than 18% and this makes me worry that the moment in 2018 will be repeated, almost the same as 2018 that I still remember is the price of dropping under $ 8000 in May and I sell all the bitcoin that I once bought At the price of around $ 14K, but I am optimistic that in 2022 it is different because there are already many real adoption that will make Bitcoin can survive.