Bearish market continues?

[adaseb]

Yeah many people got liquidated. Especially those who were holding Luna. You go to their Reddit you can see sad talks of losing everything and Suicide messages. And even those who held the stable coin UST.

The peg is getting closer to closing however many probably panicked and sold earlier at 50% loss because they were worried. This month will be a very volatile month for crypto and stocks .

Nobody knows when it will bottom out and make a new ATH.

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[Paul Pogba]

These few days when I woke up and checked binance my asset dropped significantly, of course this made me confused whether to sell all assets at a loss or wait, even a lot of speculation circulating that the price of bitcoin will drop again below $ 20k, of course this is something this is very worrying and will take a long time to get back up again.

[justdimin]

Nobody knows when it will happen again although we believe about its potential in the future. When it comes to bitcoin, I can probably convince you to stick with it and buy if you can afford it, but it's hard to expect bitcoin to surpass ATH any time soon so you should only do it for long term goals.

So far whatever has happened to bitcoin ^{[price correction, pump and ATH]} is also possible to altcoins. So you just have to hope that bitcoin will soon get back on the path of bigger gains after this decline and will affect altcoins' gains as well.

I would say that we do not know "when" it will happen, but do you really doubt the top ones to reach that level again? I mean think about it, bitcoin to be over 68k doesn't look like that impossible isn't it? Or eth to be 5k+. These are things that I believe will happen, I do not know when it will happen but I know that it will happen for sure. That is what all I need and need to know, if it is doing great then I will do the best I could and there is no reason why I shouldn't invest into it right now.

This is what whales do, they do not care about the drops and they get in, and they get in with a lot of money. They are whales and have the money to wait, and thanks to that they make a ton of profit.

[Semar Mesem]

This day will be remembered forever because the price dropped more than 13% and this week it has dropped more than 35%, this is a big surprise that will continue to be used to spread FUDs, if the price doesn't rise to $40k soon then the price will continue to drop and maybe worse than 2014 or 2018.

[mich]

The world economy is in shambles right now and I know how you feel. For me with food and gas prices rising, it feels like the end of the world. On the other hand, we’ve seen this before many, many times. Corrections are a natural part of Bitcoin and it consistently recovers every time and then reaches new highs.
Just be patient and remember with the war in Ukraine and the effects of massive overspending from the pandemic it may take some time but rest assured the market will rise.

[19Nov16]

I think this is a difficult week because I see a significant crypto drop, even I wonder why the stable coins from Terra are now only valued at 52 cents, Terra is the most severe because last week the price is still more than $ 100 but now only 15 cents, it seems that Terra will be difficult to rise again , when there is a big storm like now then I can only hold and maybe buy more.

[newdevices]

This week will be a very interesting week for Altcoins, because if Bitcoin is able to stay above $30k then we will see altcoin season,
yes! but indeed the condition is that Bitcoin must be able to go above $30k, otherwise $20k will haunt us all, and the bearishness will continue

[Captain Corporate]

I know that Luna took the attention of everyone these days, but to be fair I believe that it is mainly due to Fed increasing the rates that took the markets by storm. I mean these past 2 days might have been caused by luna, but we weren't doing amazing before that either, we were doing only decent and nothing more. I believe that the start happened before this Luna deal started, FED increasing rates means that they are giving more money for people who put their money into interest, and that means if you do absolutely nothing, and just invest your money into your bank, then you are going to earn more, which caused a ton of rich people to use their money that way, with small taxes, and this lit the first fire.

[TheGreatPython]

I would say that the drop had a meaningful reason and the pump was a surprise but nothing I could do about it. I have to say that the best case for all of us right now would be to just keep focused on the situation at hand and then hope that the similarities doesn't end here and the price would go up a lot.

I mean after that drop in 2021, we had a huge increase in October where the price broke over ATH (which was 64k before) and reached 68k. If the same thing happens again, then I will be fine but I do not know what to expect anymore, I have to say that the best case would be to just let it be and focus on making some strides towards pumping bitcoin again.

Meaningful? Let's say the war caused the price to drop, is that still meaningful? I don't think it is. I think when the price drop, the reason are always negative and not meaningful but if what you mean is it gives people a reason to buy coins at cheap then I think that's valid somehow. There are no pumps that happened yet if I am not mistaken.

There is only a small increase last time but I don't consider it as a pump. If there's a surprise that happened then that is the bear that we experienced lately. People didn't expect that the price will fall again this low. If there are similarities then that's nice, people will have an idea if what can come next and know what to do.

[Hamphser]

This week will be a very interesting week for Altcoins, because if Bitcoin is able to stay above $30k then we will see altcoin season,
yes! but indeed the condition is that Bitcoin must be able to go above $30k, otherwise $20k will haunt us all, and the bearishness will continue

Correlation is something that will really be in question because not all  the time when bitcoin is staying up on a low level does mean that it would be for altcoins season.Basing up on real experience where Bitcoin is the main trend setter which means that if it do stays on bearish mode then all of coins in the market would be really the same.

The question is,how long this bear market would last? No one really knows because if there's someone who do able to know the market movement then he's already that rich.
The wisest thing to be done is securing out your position and be wise on how to get in before recovery happens.

[Captain Corporate]

I feel like the drop was understandable because Luna literally caused a big storm with what happened there. I mean it shouldn't have happened, but it did because people didn't invest in decentralized projects or even centralized but trustworthy backing (bnb for example). So we are going to live this many times in a row, what happens when SOL goes out? Who can guarantee that it won't? What about Avax? Or Matic? Hell, the whole NFT market could crash if opensea is down. So we shouldn't really expect this to be the last time market crashed because of one project, there is a good chance it could repeat.

[BuNga_cute]

The world economy is in shambles right now and I know how you feel. For me with food and gas prices rising, it feels like the end of the world. On the other hand, we’ve seen this before many, many times. Corrections are a natural part of Bitcoin and it consistently recovers every time and then reaches new highs.
Just be patient and remember with the war in Ukraine and the effects of massive overspending from the pandemic it may take some time but rest assured the market will rise.

It is true that the world's economy is in chaos, therefore it affects the rising prices of daily necessities. I also feel how difficult it is to live in a bad
economic situation like today. But humans have a very good survival ability compared to other creatures, so we all can definitely find a solution
to increase our income.

And the crypto industry gives us the opportunity to improve our economy, but because the crypto market has been really bad in the last few days.
Makes us have to be more patient with all of this, as you said the downturn is nothing new in the crypto world, because it is natural that Bitcoin
will experience a correction first to be able to reach the next highest price. So we must not give up on Bitcoin and must continue to believe in
the future of Bitcoin. As long as we can be patient with the current market conditions, I believe everything will be fine, because we can learn from
the history of Bitcoin movement. Where the decline in the price of Bitcoin is only temporary, because Bitcoin will definitely recover and will hit
its highest price again.

[Chato1977]

I knew this was coming , I thought it is back in February but I'm wrong because the price recovered back and in April reaches almost 50k again .
but now this is a clear sign that we are in bearish market and there is a lot of bad movement to come.
so we must be aware of this and expect more bad market circulation in the coming days.

you are very lucky mate to know that Bitcoin will be bearish and dump very deep,
do you know when Bitcoin and especially altcoins can reach new ath again? I'm really sad to see my portfolio is decreasing

actually what i said is general term mate , because it is given that every after Pump there will always a dumping so what is new with that?

you knew that Bearishness will come after bullishness .

so asking me if when ATH will come again? then we will be looking for the the Miners Halving in the next 4 years.

[Dave1]

I feel like the drop was understandable because Luna literally caused a big storm with what happened there. I mean it shouldn't have happened, but it did because people didn't invest in decentralized projects or even centralized but trustworthy backing (bnb for example). So we are going to live this many times in a row, what happens when SOL goes out? Who can guarantee that it won't? What about Avax? Or Matic? Hell, the whole NFT market could crash if opensea is down. So we shouldn't really expect this to be the last time market crashed because of one project, there is a good chance it could repeat.

I wouldn't say it understandable, if and only if Luna didn't put all their capital and hedge against bitcoin, maybe we won't be affected like this as the market plunges and it causes panic. At least, it seems to be the bleeding has stop somewhat as we are trading in the $30k after yesterday's price of $28k.

It's not the investors fault, it's all on the shoulder of Luna's people, they should have a least billions in dollars as well so that they can cope and cover when their stable coins went to $0.60.

[Twentyonepaylots]

This day will be remembered forever because the price dropped more than 13% and this week it has dropped more than 35%, this is a big surprise that will continue to be used to spread FUDs, if the price doesn't rise to $40k soon then the price will continue to drop and maybe worse than 2014 or 2018.

I think not last year's pullback is much greater than 13% in a day, I've seen it dropping 5% in an hour and almost 20% in a day, most altcoins are 20%^ down for the past week and the fear index is at peak. But then again I've expected this outcomes, if bitcoin went to to $20,000 to $60,000 in a year expect it to go the other way gradually probably within a year. What is frightening during these days are the people who are jumping into crypto without any prior knowledge. I've read an article, AGAIN, that someone committed suicide after Luna plunged. tsk.

[Silberman]

Yeah many people got liquidated. Especially those who were holding Luna. You go to their Reddit you can see sad talks of losing everything and Suicide messages. And even those who held the stable coin UST.

The peg is getting closer to closing however many probably panicked and sold earlier at 50% loss because they were worried. This month will be a very volatile month for crypto and stocks .

Nobody knows when it will bottom out and make a new ATH.

It is very depressing that we keep seeing the same story happening over and over again, I hope no one takes the drastic decision to end their lives as even if their monetary losses were big at the end of the day is only money, if we work hard, save and invest in a good asset then people could always recover the money they have lost and earn even more than that, but if they end their lives then there is no way to recover from that, it is because of this that scammers really bother me, they may think they are only stealing money, but they steal the dreams, aspirations and sometimes even the lives of those from which they stole their money.

[tabas]

actually what i said is general term mate , because it is given that every after Pump there will always a dumping so what is new with that?

you knew that Bearishness will come after bullishness .

That's the logical cycle we've got in the market. This bearish season is to be expected since for the 2 years we've been bullish.

so asking me if when ATH will come again? then we will be looking for the the Miners Halving in the next 4 years.

There is nowhere to go just after the next halving and just a correction, we're 2 years away from it. And that's the exciting part comes for bitcoin holders and as well as altcoin holders because that's when the next bull season might come.

[Yaunfitda]

Yeah many people got liquidated. Especially those who were holding Luna. You go to their Reddit you can see sad talks of losing everything and Suicide messages. And even those who held the stable coin UST.

The peg is getting closer to closing however many probably panicked and sold earlier at 50% loss because they were worried. This month will be a very volatile month for crypto and stocks .

Nobody knows when it will bottom out and make a new ATH.

It is very depressing that we keep seeing the same story happening over and over again, I hope no one takes the drastic decision to end their lives as even if their monetary losses were big at the end of the day is only money, if we work hard, save and invest in a good asset then people could always recover the money they have lost and earn even more than that, but if they end their lives then there is no way to recover from that, it is because of this that scammers really bother me, they may think they are only stealing money, but they steal the dreams, aspirations and sometimes even the lives of those from which they stole their money.

It just sad though to hear those horror stories about investors getting depressed and contemplating about suicide. I still remember the story of one boy who trade on Robinhood and then committed suicide later on when there is a glitch in the system resulting of money being lost on his end. So I do hope that we won't hear the same stories because of what happened to LUNA and it's stable coins holder. So all should learn from ours and others mistakes and move forward in our life.

[7788bitcoin]

It just sad though to hear those horror stories about investors getting depressed and contemplating about suicide. I still remember the story of one boy who trade on Robinhood and then committed suicide later on when there is a glitch in the system resulting of money being lost on his end. So I do hope that we won't hear the same stories because of what happened to LUNA and it's stable coins holder. So all should learn from ours and others mistakes and move forward in our life.

The depressed stories are many and i know there are many who entered the cryptocurrency market recently and made a ton of profit and they stick through thinking they will earn more and the sad thing is when the market starts its correction they will usually loose more than what they expected and the Luna situation was really sad because none of the users were smart enough to understand their blunder before it happened. I never invested in Luna nor i will invest in anything similar even if they have a good advertisement team.

[Baofeng]

This day will be remembered forever because the price dropped more than 13% and this week it has dropped more than 35%, this is a big surprise that will continue to be used to spread FUDs, if the price doesn't rise to $40k soon then the price will continue to drop and maybe worse than 2014 or 2018.

I think not last year's pullback is much greater than 13% in a day, I've seen it dropping 5% in an hour and almost 20% in a day, most altcoins are 20%^ down for the past week and the fear index is at peak. But then again I've expected this outcomes, if bitcoin went to to $20,000 to $60,000 in a year expect it to go the other way gradually probably within a year. What is frightening during these days are the people who are jumping into crypto without any prior knowledge. I've read an article, AGAIN, that someone committed suicide after Luna plunged. tsk.

Oh well, if people is going to full crypto then they should understand the risk involved here. And as the bearish market continues, if going to be very difficult for the majority to see our hard earn investments going down. But if you have the experience, you should have hedge everything. Others might have sold off totally and then reinvest later when the price still goes down. There are a lot of strategy and committing suicide should not be one of them.