Will the bear market be more significant

[_act_]

According to some reports, some analysts have predict bitcoin price to fall further to $14000, when I calculate this, at $14000 low, this will be like the 2018, 2019 and 2020 lowest bitcoin price if compared with 2017 highest price, but according to glassnode, when bitcoin price now is still not yet to that point, they have analysed and concluded that the bear market we are now is the worst ever since bitcoin was created.

2022 bear market has been the worst on record — Glassnode

Bitcoin is not yet at $14000, is the report accurate? I think the bear market should end before any valid report. This will only result to FUD.

I do not believe in analysts but I too have calculated that before, it was not a surprise when I saw in, but we can all be right or wrong.

[pooya87]

this will be like the 2018, 2019 and 2020

This is exactly like 2019 when price was stuck in $3k range and idiots kept predicting price should fall down to $$1k-1.5k.

they have analysed and concluded that the bear market we are now is the worst ever since bitcoin was created.

How come this is the worst when we had bigger crashes when price goes down 87% whereas it has just fallen about 70%.

Bitcoin is not yet at $14000, is the report accurate? I think the bear market should end before any valid report. This will only result to FUD.

The report is total nonsense because nobody can predict what is going to happen next, but that doesn't stop them from shooting in the dark and hoping price actually reaches their random target so that they can earn some popularity as the only ones who "predicted" it!
Guess what happens next time the market becomes unpredictable? Everyone looks to the prophets who got lucky that one time

[TheBeardedBaby]

Bitcoin cannot be predicted anymore. Too many whales joint the party.
I don't know if the halving will have the same effect as before.
All I know is then everyone pronounce the BTC dead, then is the best time to buy.

[NeuroticFish]

Bitcoin is not yet at $14000, is the report accurate?

The report is inaccurate simply because the future cannot be properly predicted. But the value is not impossible. I think that the worse-case scenario is under 10k actually.
Whether these values will be "touched" or not is something nobody could tell for sure. So everything is just speculation (worthless talk). We can tell what was the minimum only when the bear market is certainly behind us. And it's not the case yet.

[Adbitco]

Glassnode maybe right or not, but the question is that can they know what plans did the whales have in mind?
A single person who holding thousands of Bitcoin can not make decision over the price increase and decrease over the years lot have been mention and posted over the prices but it still remains the same. Bitcoin have been circling with $19k to $21k over the days so what do you think will be the next result? The answer is simply + or - lot of false news and speculations.

[tranthidung]

2022 bear market has been the worst on record — Glassnode

It's a zero sum game. With time and growth of crypto market, total marketcap of the market, of Bitcoin increase but it is a zero sum game, forever.

There are buyers and sellers. If a person feel no more rise or no future, it's a seller will sell Bitcoin and oppositely there is buyer to take it.

If you are a buyer who is the one sees opportunity for future, what do you look the bear market? You should consider it as opportunity to buy discount Bitcoin. So if there are sellers who consider it as a worst bear market ever, you are one of buyers consider it as a best chance to buy discount Bitcoin. The best ever chance in history of Bitcoin after a bull market.

[btc_angela]

Oh well, same s**t since we are in a bear market. I'm not sure, perhaps the best thing to do is to keep this noise out from oneself. I mean it's obvious, when there is a bear market the price will surely decline. So it doesn't matter if it goes to $10k or further down, although they will call it the death of bitcoin but we know otherwise. For me, it's better to shut yourself out and then focus on how to increase your bitcoin holding in this bear market.

[Leviathan.007]

We cannot predict anything about the price of bitcoin even in a few hours especially when are talking about bitcoin and cryptocurrencies, from what we see on the charts, I can say we are in a bearish market and we cannot be sure about the bottom of this bearish situation because still there is not any strong signal to say if the downtrend is over or not. The analysts can only predict the market situation based on the history of the price and some possibilities but these are never exact. For example, according to some predictions, there is a gap in the price of 13.5K, and there is a possibility to see the bitcoin price falling to this level.

[BobK71]

According to some reports, some analysts have predict bitcoin price to fall further to $14000, when I calculate this, at $14000 low, this will be like the 2018, 2019 and 2020 lowest bitcoin price if compared with 2017 highest price, but according to glassnode, when bitcoin price now is still not yet to that point, they have analysed and concluded that the bear market we are now is the worst ever since bitcoin was created.

2022 bear market has been the worst on record — Glassnode

Bitcoin is not yet at $14000, is the report accurate? I think the bear market should end before any valid report. This will only result to FUD.

I do not believe in analysts but I too have calculated that before, it was not a surprise when I saw in, but we can all be right or wrong.

In 2018, no one imagined that Bitcoin would be worth of $69,000. It was unpredictable, so when it was bearish, the price definitely drop gradually. From that point of view we thought its position would be between $32-$40k and from there it would go back to the bull market. But recently there has been a big price drop for few scandals. Experts are hoping that the bearish market will be a little longer.

I think this bearish market is worthy to buy more and it would be the golden opportunity. In the meantime, whale Investors already bought and continuing to do it. Keep in mind that every market get bearish before the bull runs. Maybe it is indicating that situation.

[BitcoinGirl.Club]

Bitcoin cannot be predicted anymore. Too many whales joint the party.

It was not predictable anytime too. Market is setting up it's own the price and no one or two user can not do it. Huge sale or huge buy can have an impact in the market but that is always short time. In the long run it's impossible to manipulate the price.

I think this bearish market is worthy to buy more and it would be the golden opportunity.

The market needed a correction. I think we are at this correction stage before we will have another bull run in the coming days, week, months or it might be year too.

[livingfree]

According to some reports, some analysts have predict bitcoin price to fall further to $14000, when I calculate this, at $14000 low, this will be like the 2018, 2019 and 2020 lowest bitcoin price if compared with 2017 highest price, but according to glassnode, when bitcoin price now is still not yet to that point, they have analysed and concluded that the bear market we are now is the worst ever since bitcoin was created.

2022 bear market has been the worst on record — Glassnode

Everyone is a speculator on this market, no one is 100% accurate and we're all free to tell what we think what will happen in the market. If that's the stat of them that tells this is the worst, let it be but for me, this is still good.

Bitcoin is not yet at $14000, is the report accurate? I think the bear market should end before any valid report. This will only result to FUD.

I do not believe in analysts but I too have calculated that before, it was not a surprise when I saw in, but we can all be right or wrong.

We don't know when this bear market will end. What we must remember is anything can happen any moment and wherever the market is gonna lead.

[KaliLinux]

According to some reports, some analysts have predict bitcoin price to fall further to $14000, when I calculate this, at $14000 low, this will be like the 2018, 2019 and 2020 lowest bitcoin price if compared with 2017 highest price, but according to glassnode, when bitcoin price now is still not yet to that point, they have analysed and concluded that the bear market we are now is the worst ever since bitcoin was created.

2022 bear market has been the worst on record — Glassnode

Bitcoin is not yet at $14000, is the report accurate? I think the bear market should end before any valid report. This will only result to FUD.

I do not believe in analysts but I too have calculated that before, it was not a surprise when I saw in, but we can all be right or wrong.

Well Glassnode is a reputable Blockchain analysis firm and they probably know what they are talking about but I seem to differ though I am not anything close to an analyst I do understand that in the last bear market of 2017, Bitcoin fell by -83% from its ATH and did a number of years in what we could really see as an accumulation stage before we saw a really Bull market again and this dip is still less around -74% and for those thinking Bitcoins price will still go to around $14k, we can't really confirm this to be true like the $100k prediction by some Analyst too didn't materialize. I believe we have to wait and see if this price call happens though.

[avikz]

According to some reports, some analysts have predict bitcoin price to fall further to $14000, when I calculate this, at $14000 low, this will be like the 2018, 2019 and 2020 lowest bitcoin price if compared with 2017 highest price, but according to glassnode, when bitcoin price now is still not yet to that point, they have analysed and concluded that the bear market we are now is the worst ever since bitcoin was created.

2022 bear market has been the worst on record — Glassnode

Bitcoin is not yet at $14000, is the report accurate? I think the bear market should end before any valid report. This will only result to FUD.

I do not believe in analysts but I too have calculated that before, it was not a surprise when I saw in, but we can all be right or wrong.

These are all speculation. When someone is saying the price will rise or drop - it's a speculation and nothing else. Unless someone can see the future, we never know what's coming to us. So I will suggest to keep calm and wait for the right time to book your profit.

If you believe that bitcoin will go higher in the future, buy now and forget it for next couple of years. Let the bitcoin go down to 14k which will give you another chance to scre more bitcoins at a lower price. This is an opportunity period.

[Lucius]

I guess at this point it’s impossible to say if the bottom has been touched, but it’s certain that the situation has calmed down a bit as whales have more than obviously profited and are now enjoying exotic locations around the world. It is possible that autumn and the beginning of winter in the northern hemisphere will give us some answers - and until then we have no reason to think that the price will not go even lower until the end of the year.

Guess what happens next time the market becomes unpredictable? Everyone looks to the prophets who got lucky that one time

And we all know that these so-called experts make so many statements during the year that at least one is accurate in the end - which is in line with the saying that exists in my area "Even a blind hen sometimes stings a grain"

[el kaka22]

There are always some people who say it will go down, this doesn't matter because there will be some that will say this even when the price reaches to the bottom. Let's say that we reach to 14k, not like we can never reach that it is a possibility for sure. But that doesn't change the fact that there will be some people who will say we will go down even further if we reach 14k, some people will come out and say there is a possibility of 10k, and if we reach that then 7k if we reach that then 4k.

As long as this stays a market and not a stablecoin, there will always be people who say that bitcoin will go down and there will be some that will say that bitcoin will go up. Your job (in order to profit) is to figure out which side is right at which time, sometimes one of them is right, other times the other one is right and if you keep picking the right side then you are going to end up profiting for sure.

[dragonvslinux]

$14K is more than possible, as is $12K, even $10K. Personally I think depends on whether there are more hedge funds under water that will cause a catalyst of liquidations. Otherwise whether price drops below $17.5K and a considerable miner capitulation occurs. Currently average mining cost and price are balanced, but if more miners switch off, we could see increased selling pressure from miners liquidating holdings in order to cover various loans for mining equipment, services, etc. There is otherwise a big volume gap betwen $17.5K and $12K, so if price falls further, I'd be expecting the worst personally.

[hatshepsut93]

Bitcoin had a positive trend that the current lows were much higher than the previous lows, now this trend has started to brake, as the current low is not that far from the previous low, compared to that historical trend. This is essentially what the article says when they talk about the MM indicator.

It is significant, but it's not the end of the world. Bitcoin could still show growth in long term, and will likely do so, although traders will likely recalibrate their appetites.

[bbc.reporter]

I guess at this point it’s impossible to say if the bottom has been touched, but it’s certain that the situation has calmed down a bit as whales have more than obviously profited and are now enjoying exotic locations around the world. It is possible that autumn and the beginning of winter in the northern hemisphere will give us some answers - and until then we have no reason to think that the price will not go even lower until the end of the year.

I speculate that bitcoin might be worse than where it presently is during the autumn and winter. This is when energy demand will certainly grow. I reckon with increasing energy prices and a threat of a shortage in energy supply, miners might be forced to dump more of their mined bitcoins to the market for their cashflow.

Bitcoin cannot be predicted anymore. Too many whales joint the party.
I don't know if the halving will have the same effect as before.
All I know is then everyone pronounce the BTC dead, then is the best time to buy.

Tom Siebel agrees hehehe.



"I don't think this is going to be over until everybody swears they will never own an NFT, they will never own crypto, and they will never own a technology stock," he says. "When we get to there, we know it's over."

Source https://www.barrons.com/livecoverage/investing-in-tech-2022/card/tech-s-downturn-isn-t-over-yet-tom-siebel-says-8Lxe5soBz9H5M3COwWw2

[yhiaali3]

Of course, no one knows what will happen in the future, and not all predictions are correct, but they can happen. Some of them went worse than that and expected the price of Bitcoin to drop to 8000$. Of course, these are all predictions of the future and they are not necessarily correct, but personally I would not be surprised if they occurred due to bad economic conditions in the world that reflects on the crypto market, but even if it happens there will not be any problem but it will be another good opportunity to buy and hold.

[peter0425]

According to some reports, some analysts have predict bitcoin price to fall further to $14000, when I calculate this, at $14000 low, this will be like the 2018, 2019 and 2020 lowest bitcoin price if compared with 2017 highest price, but according to glassnode, when bitcoin price now is still not yet to that point, they have analysed and concluded that the bear market we are now is the worst ever since bitcoin was created.

2022 bear market has been the worst on record — Glassnode

Bitcoin is not yet at $14000, is the report accurate? I think the bear market should end before any valid report. This will only result to FUD.

I do not believe in analysts but I too have calculated that before, it was not a surprise when I saw in, but we can all be right or wrong.

How many of them that we really needed to listen and take in? some saying it is down to 13k , while others are at least 17k? there are even some who says below 10k so how come that we can really rely on what they are saying?
for me it is how we trust our funds and how we can keep it for as long as the market is holding the record now.
one thing i wanna make sure that i will hold my coin till then.