irhact
|
|
November 22, 2022, 09:24:26 PM |
|
I think we are still in a crypto bear market and it looks like the bear market is still continuing at least until early next year. The impact of the current bear market in addition to the price of bitcoin dropping, almost all altcoin prices have experienced a very significant price decline. Therefore, it seems that the bear market is not over in the near future.
Next year the recovery phase starts as projects will still recovering in anticipation of the 2024 halving of Bitcoin reward. Many projects will start seeing good gains and Bitcoin too will benefit from this because it has been oversold. The bear market isn't over yet but the bull market isn't starting anytime soon. Bull market only comes after the halving year and that takes it to 2025 which means we have about 2 years before we enter a full bull market year. During this period we have to accumulate as many coins as possible but be careful not to invest in project that won't recover with the market. These kind of projects are mainly the shitcoins or memecoin. These kind of project only survive on hype and when that's not around they die especially during the bear market as we're currently in.
|
| Duelbits | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ | | TRY OUR UNIQUE GAMES! ◥ DICE ◥ MINES ◥ PLINKO ◥ DUEL POKER ◥ DICE DUELS | | | | █▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ KENONEW ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄█ | | 10,000x MULTIPLIER | | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ | | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ |
[/tabl
|
|
|
Sayeds56
Copper Member
Hero Member
Offline
Activity: 1470
Merit: 741
Buzz App - Spin wheel, farm rewards
|
|
November 24, 2022, 02:32:55 PM |
|
I think we are still in a crypto bear market and it looks like the bear market is still continuing at least until early next year. The impact of the current bear market in addition to the price of bitcoin dropping, almost all altcoin prices have experienced a very significant price decline. Therefore, it seems that the bear market is not over in the near future.
Next year the recovery phase starts as projects will still recovering in anticipation of the 2024 halving of Bitcoin reward. Many projects will start seeing good gains and Bitcoin too will benefit from this because it has been oversold. The bear market isn't over yet but the bull market isn't starting anytime soon. Bull market only comes after the halving year and that takes it to 2025 which means we have about 2 years before we enter a full bull market year. During this period we have to accumulate as many coins as possible but be careful not to invest in project that won't recover with the market. These kind of projects are mainly the shitcoins or memecoin. These kind of project only survive on hype and when that's not around they die especially during the bear market as we're currently in. We might see recovery in 2023 but most likely not in first quarter because currently market is crisis, it needs time to stabilize and build confidence of investors which has badly shattered by LUNA & FTX collapse. Though this week market has shown some resilience and trying to stabilize above 16K, but we don't see much trading volume which vindicates that investors believe that Bitcoin has yet to see its bottom.
|
|
|
|
FanEagle
Legendary
Offline
Activity: 3038
Merit: 1129
|
|
November 27, 2022, 09:48:21 PM |
|
Obviously, it’s not over yet, but it is getting there. It has been over a year since the drop started, it was October 2021 when we started to go up and reached that 68k level, and right now we are in November 2022 and we are still low. This means that there is a limit to how long it could stay like this, eventually it will start to go up and we should be hoping that it would be anytime soon.
I am not saying that it will be today or tomorrow, maybe it will take a few more months, but the market cannot sustain being low for this long, its hurting and there are too many people with money (from all the printed free ones) that will need to put that somewhere, and eventually that will be crypto.
|
|
|
|
Metroid
Sr. Member
Offline
Activity: 2142
Merit: 353
Xtreme Monster
|
|
November 28, 2022, 12:02:23 AM |
|
Obviously, it’s not over yet, but it is getting there. It has been over a year since the drop started, it was October 2021 when we started to go up and reached that 68k level, and right now we are in November 2022 and we are still low. This means that there is a limit to how long it could stay like this, eventually it will start to go up and we should be hoping that it would be anytime soon.
I am not saying that it will be today or tomorrow, maybe it will take a few more months, but the market cannot sustain being low for this long, its hurting and there are too many people with money (from all the printed free ones) that will need to put that somewhere, and eventually that will be crypto.
Wake up, this is not low, low would be around 5k for btc, also pay attention, eth still very high, eth should be right now around 500 usd, so this needs to crash a lot yet and by the way next eth fork eth scammer devs will make withdraws available and that is when eth will crash so hard and so btc with it, bear market started now and will take sometime yet before we see this market stable.
|
BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
|
|
|
Desmong
Member
Offline
Activity: 812
Merit: 13
Crypto bookmaker and casino
|
|
November 28, 2022, 12:06:11 AM |
|
The bear market does not look like it is over but with time many next year, the market settings might chances which could give us a better understanding about how the market moves and the upward trend might take control. I still hope to see the dip to reduce to a level where we shall start seeing a bull market.
|
|
|
|
bots1
Sr. Member
Offline
Activity: 957
Merit: 278
Vave.com - Crypto Casino
|
|
November 28, 2022, 11:25:49 AM |
|
I think we are still in a crypto bear market and it looks like the bear market is still continuing at least until early next year. The impact of the current bear market in addition to the price of bitcoin dropping, almost all altcoin prices have experienced a very significant price decline. Therefore, it seems that the bear market is not over in the near future.
indeed, if you look at the current movement of BTC, which has even touched the price of 15K, it is certain that the bear market will continue. and for altcoins the decline can usually occur more. if BTC drops 1% then altcoins usually drop more than 3%. We don't know how long the bear market will last. so even if we trade then I think use as little money as possible. because considering the big risk at this time. In a bear market situation like today, a good step to take is to hold the assets we have. Besides that, for those of you who want to buy, maybe this is the right time to enter while the price is low. But rest assured that the bull market will definitely come again even though we don't know when it will be.
|
|
|
|
BD Crypto
Full Member
Offline
Activity: 658
Merit: 158
BTC Rocks
|
|
November 28, 2022, 11:56:21 AM |
|
Many altcoins are still dumping from it's price. So we aren't in a bull market surely. And we aren't is a stable market too. Bear market is still ongoing and we may see more dump and also a very cheap price to invest in many good altcoins.
|
|
|
|
redsun114
|
|
November 28, 2022, 04:09:33 PM |
|
The bear market does not look like it is over but with time many next year, the market settings might chances which could give us a better understanding about how the market moves and the upward trend might take control. I still hope to see the dip to reduce to a level where we shall start seeing a bull market.
You know when the bear market is over once most of the coins are recovering at least 60% of what they lost. The end of the bear doesn't always mean that a bull run will take place but the market will just normalize first. We can't be like this forever but the time will come that the market settings will change according to what you desire. Just be patient. You are deliberately seeking to see a bull run, I think that means that your bags are now full and you have no plans of accumulating more coins but there are some people that I see that still want the price to dip more. Not sure if they are greedy or they are only late to enter here. They want to experience what is like to buy btc at a much lower level.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
VPSforSALE
Newbie
Offline
Activity: 4
Merit: 0
|
|
November 28, 2022, 04:20:27 PM |
|
I believe it will take a little longer before we will see a reversal.. Markets were hit hard and macro conditions are not that well either
|
|
|
|
Fredomago
Legendary
Offline
Activity: 3150
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
|
|
November 28, 2022, 07:00:06 PM |
|
I think we are still in a crypto bear market and it looks like the bear market is still continuing at least until early next year. The impact of the current bear market in addition to the price of bitcoin dropping, almost all altcoin prices have experienced a very significant price decline. Therefore, it seems that the bear market is not over in the near future.
indeed, if you look at the current movement of BTC, which has even touched the price of 15K, it is certain that the bear market will continue. and for altcoins the decline can usually occur more. if BTC drops 1% then altcoins usually drop more than 3%. We don't know how long the bear market will last. so even if we trade then I think use as little money as possible. because considering the big risk at this time. In a bear market situation like today, a good step to take is to hold the assets we have. Besides that, for those of you who want to buy, maybe this is the right time to enter while the price is low. But rest assured that the bull market will definitely come again even though we don't know when it will be. It's a mindset that needed to be established, hard to predict if the downfall is over or we will expect another huge one but yes, the right thing to do if you already have your assets inside your wallet, is to keep holding and maybe to forget the market for a while, else, if you are planning to add more for your investment, then the timing is pretty much better while the value still cheap. Don't go further if you are unsure, the situation might force you to accept losing your money, keep in mind that by experienced, the market will bounce back, the time is unpredictable but if luck permits it will be much earlier than you expect.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
fullhdpixel
|
|
November 28, 2022, 09:21:52 PM |
|
It's a mindset that needed to be established, hard to predict if the downfall is over or we will expect another huge one but yes, the right thing to do if you already have your assets inside your wallet, is to keep holding and maybe to forget the market for a while, else, if you are planning to add more for your investment, then the timing is pretty much better while the value still cheap.
Don't go further if you are unsure, the situation might force you to accept losing your money, keep in mind that by experienced, the market will bounce back, the time is unpredictable but if luck permits it will be much earlier than you expect.
Unfortunately people have hard time forgetting the market, and I do not know exactly why but they always do that. I know that it's not going to be that easy to do, but it is definitely something people fail to do. I personally have easy time doing it, because what we "do" while we wait is literally nothing. So, why would I have any hard time? I have no idea why others do, must be about psychology, but it is certainly something that people have hard time with for some reason. The best thing we could do about the current situation is literally nothing and I can "do" nothing easily. Just focus on other parts of your life and you will get rich eventually.
|
| Duelbits | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ | | TRY OUR UNIQUE GAMES! ◥ DICE ◥ MINES ◥ PLINKO ◥ DUEL POKER ◥ DICE DUELS | | | | █▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ KENONEW ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄█ | | 10,000x MULTIPLIER | | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ | | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ |
[/tabl
|
|
|
arufox
|
|
November 28, 2022, 09:45:50 PM |
|
I believe it will take a little longer before we will see a reversal.. Markets were hit hard and macro conditions are not that well either
It seems that this time the crypto market may take longer to recover than in previous years. Moreover, one of the factors in the crypto market has been hit hard at the moment because of the economic crisis or high inflation rates that have occurred in the world so people don't dare to take risks to buy cryptocurrency.
|
|
|
|
BitDane
|
|
November 28, 2022, 11:11:57 PM |
|
It seems that the bear market is not over yet. While it is difficult to predict exactly when a bear market will end, based on past trends, it could take a while. So, the thing that can be done to survive in the current bear market situation is to hold the asset in the long term rather than focusing on its current price. Moreover, many portfolios have been hurt by bear markets and may take longer to recover.
It's true that we have to wait long time to recover our portfolio but it will be starting to recover soon. It's time to hold strongly for long term and if possible it's good period to buy more to fill our bags. Many investors are in the loss and they're waiting for good time. We can't predict exactly when market will start for bull run but if we are able to hold strongly, we can get good ROI in the future. Current strong bearish sentiment of market doesn't suggest that bear run will be over soon it might continue for many months to come because the whole world economy is in crisis and crypto doesn't work in isolation, it gets affected by rise in inflation, decline in GDP growth. Once we see signs of improvement in world economy, crypto will definitely start recovering. I am expecting another full year of bear market. Base on the previous history of Bitcoin market price, we are still a year short from market transition. Just look at the 2018-2019 price movement. There is no sign of any market transition there. It is either sideway or crash-relief activity in the market. So whether we like it or not, we have another full year of opportunity to buy Bitcoin at its discounted price.
|
|
|
|
AakZaki
Legendary
Offline
Activity: 2338
Merit: 1084
zknodes.org
|
|
November 29, 2022, 08:42:43 AM |
|
It seems that this time the crypto market may take longer to recover than in previous years. Moreover, one of the factors in the crypto market has been hit hard at the moment because of the economic crisis or high inflation rates that have occurred in the world so people don't dare to take risks to buy cryptocurrency.
FTX economic crisis? are you sure it's because of the crisis. In my understanding, it was because FTX could not manage user funds properly which led to FTX's collapse. The CEO couldn't even do anything about it and the new investors' trust in crypto started to fade because of this case. the ongoing bear market also because of the case. But the bearish market will also end and will be bullish again., just need to wait and be patient. Use this bearish moment to buy potential bitcoins and altcoins and hold them.
|
|
|
|
sulendra12
|
|
November 29, 2022, 11:45:52 AM |
|
"Is the bear market over? Hard to say, but a lot of the bad news was priced in. With a maximum drawdown of -28%, SPX discounted 85% of a typical 33% market decline and 78% of a recession bear market. I still like the 1946 counterpart-"
Looking at the coinmarketcap right now, we can say we are still in bear market. Even though some of the altcoins are going green for today but it's not enough to determine if we are in bull market. Still long way to go before we leave bear market, from FTX collapse until end of the year where christmas and any big event will be held at later month, so prepare for the worse case possible if you are smart enough.
|
|
|
|
Insanity
Sr. Member
Offline
Activity: 783
Merit: 250
Vave.com - Crypto Casino
|
|
November 29, 2022, 12:22:38 PM |
|
I believe it will take a little longer before we will see a reversal.. Markets were hit hard and macro conditions are not that well either
It seems that this time the crypto market may take longer to recover than in previous years. Moreover, one of the factors in the crypto market has been hit hard at the moment because of the economic crisis or high inflation rates that have occurred in the world so people don't dare to take risks to buy cryptocurrency. I think crypto market may not be like this next year. But now some people think before investing in crypto market and then invest. But nowadays many people are in loss from crypto market. Hope this loss will be recovered. I believe in crypto market as before. Will the crypto market ever be the same again?
|
|
|
|
ice18
|
|
November 29, 2022, 01:12:18 PM |
|
Those small pumps are just fake breakout I will not be very confident until I see the bitcoin price down atleast -85% or lower as the previous bear market recorded, once hit this possibly we already reached the bottom as predicted by many pro traders.
|
|
|
|
Fredomago
Legendary
Offline
Activity: 3150
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
|
|
November 29, 2022, 07:19:30 PM |
|
I believe it will take a little longer before we will see a reversal.. Markets were hit hard and macro conditions are not that well either
It seems that this time the crypto market may take longer to recover than in previous years. Moreover, one of the factors in the crypto market has been hit hard at the moment because of the economic crisis or high inflation rates that have occurred in the world so people don't dare to take risks to buy cryptocurrency. I think crypto market may not be like this next year. But now some people think before investing in crypto market and then invest. But nowadays many people are in loss from crypto market. Hope this loss will be recovered. I believe in crypto market as before. Will the crypto market ever be the same again? A big question that no one can accurately answer, the market is unpredictable with the volatile behavior we don't know what future will be waiting for this business, more on the speculation and opinion base but no can really tell you the exact thing that may happen after, all you need to do is to work on your knowledge and do your further research to avoid making big mistakes and lose a lot of money during this bear market. Best to assess and keep trying to figure what good strategy to use in order to make a profitable investment.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
fzkto
Sr. Member
Offline
Activity: 2282
Merit: 439
Cashback 15%
|
|
November 29, 2022, 08:12:24 PM |
|
Those small pumps are just fake breakout I will not be very confident until I see the bitcoin price down atleast -85% or lower as the previous bear market recorded, once hit this possibly we already reached the bottom as predicted by many pro traders.
The current drop is about 80% from the previous high of 70k. So the price is now near the bottom, if you stick to your model. So if bitcoin falls to 10k, that would be exactly 85%. That seems like a realistic scenario to me, but probably if such a price happens, it will be very short term and you need to buy very fast, like it was in 2020.
|
|
|
|
Quidat
|
|
November 29, 2022, 08:25:20 PM |
|
Those small pumps are just fake breakout I will not be very confident until I see the bitcoin price down atleast -85% or lower as the previous bear market recorded, once hit this possibly we already reached the bottom as predicted by many pro traders.
This is what makes the situation really been hard to predict on due to this small pumps or increase which you do presume that it might be already the start of recovery or change trend or not. This is why people do really make out those guesses and predictions whenever they do really see these increase.Honestly this is a sweet spot for those who do love to make out short trades but this isnt something simple that you could be able to pull on and this is why lots are still holding their positions and observing on what are the probabilities for this market could possibly move.
|
|
|
|
|