Just how bad is the bear market right now?

[abel1337]

Crypto market cycle is repeating itself thus bear market itself. Nothing worst than bear market but I think that bear market right now isn't that much worst compared to the bear market we experienced last 2018 which is very devastating. This is why I'm still thinking that in our current bear market, we still have a room for more bottom price in short it's still not over. Or Am I just experienced the worst and expecting it to happen it again this year bear market? If our current situation escalated in deeper bottom price, I assume that won't be shocked or affected that much anymore compared on what happened on the past bear market which makes me devastated.

[1714663072]

1714663072

[1714663072]

1714663072

[Questat]

Just how bad is the bear market right now?
Historically low prices have endured for a longer period of time in the present bear market cycle than in any other.

Honestly, I'd never look at the market condition badly compared to the previous bear market. If we compared the price of Bitcoin which reaches $3,700 in 2019, it was too far from now, multiple times. The market is still healthy, that is what I see and never I think we fall like what happened last 2019. So we need to keep calm and never think about the past because this could only give us a reason to worry.
We fall and we recover - just have these words in mind.


https://coinmarketcap.com/currencies/bitcoin/

[Scripture]

Just how bad is the bear market right now?
Historically low prices have endured for a longer period of time in the present bear market cycle than in any other.

This is bad if this is your first time to experience bear market, but i’m sure there’s always a story on every bear market and in the past few years, cryptomarket still prove to be better. Recovery will take place very soon, don’t panic if you are holding good coins because they will survive. This might be a rough road taking the peak but many believes that Bitcoin and cryptomarket will rise again and this bear market will be more worth it.

[Eddyc]

The glass is half full or half empty and it will depend on your point of view and interpretation. Therefore, for some this moment is very desperate and for others it's a unique opportunity to fill big backpacks and wait for the bull summer to arrive. In my opinion this moment is part of the crypto cycle.

[Fundamentals Of]

It's apparently not that bad. It is clear that we are in the middle of a bad market right now, but look at the prices. Bitcoin is at $17,000. Ethereum is at $1,200. That's a lot better than the last time we had this really bad market. So although we are really this bad if we compare it a year ago, we are not that bad if we compare it with the past bear markets. So all in all, we have actually grown a lot. Adoption has been growing. Bitcoin has been reaching new supporters from all around the world.

The next time we'll be in this kind of bad market, we'll probably see Bitcoin at around $80,000. So let's make the most of this terrible market.

[Wexnident]

In comparison to other bull markets? I mean back then we've had an instance BTC of going up to $17k and then down below to $3-4k, pretty sure we're in a much better state compared to then if only comparing the ratio. I reckon it looks big because the peak of the current market was also pretty high. The FTX issue may have brought down the market a bit, but pretty sure those would only affect the market in the short term, as long as people ain't dumb with their coins again. I'd say nothing was as bad as late 2018, or early 2019. Yet anyway.

This is in consideration of Bitcoin though, which in general is followed by altcoins afaik.

[len01]

actually bearish like this has happened in the past few years and almost 60% -70% the price of all coins fell very deeply.
but some people are sometimes so new to crypto that they always ask about bearish like this.

yes, at the moment the bearish is going on for a very long time, but what we have to know now is the right time to start investing again in the right coins to wait for the bulls to come and see the ATH price of the coins we hold later.
maybe, there are some people who have big loss after investing in some earlier coin or altcoin who buy and hold it till today. but you don't need to worry, even though the bears are still hitting the market, of course the bullish times will also come to give unexpected surprises in the future

[eddie.gouws]

Just how bad is the bear market right now?
Historically low prices have endured for a longer period of time in the present bear market cycle than in any other.

The current bear market is not as bad as the one in 2014, but it's still pretty bad.

The main reason for this is the collapse of the bitcoin price. In late 2013 and early 2014, the price of a single bitcoin rose from around $100 to over $1,000. This led to a lot of speculation in the cryptocurrency market, and when the price started to fall, many people got burned. As a result, there is now much less interest in bitcoin and other cryptocurrencies, which has led to a further decline in prices.

So far, the total value of all cryptocurrencies has fallen by more than 80% from its peak in January 2018. This bear market will likely continue until there is greater clarity

[yazher]

Just how bad is the bear market right now?
Historically low prices have endured for a longer period of time in the present bear market cycle than in any other.

If we look at the history of the crypto market, especially bitcoins price, the result is quite amazing because of its past history of recovery no matter how down the price was. It never sinks to the bottom after any tragedy it has been through that it never recovered from it. Today, you just need to grab the opportunity if you have some extra money to spend on investment because this kind of chance is rare at the same time, you also need the requirement to know the right coins to invest as well but if you are not really sure which one, then stick to bitcoins.

[maydna]

Just how bad is the bear market right now?
Historically low prices have endured for a longer period of time in the present bear market cycle than in any other.

You shouldn't think about how bad the market is right now, and it's better to consider how you can use the current situation to your advantage. It will make you do a deeper analysis to find the answer to determine when you can enter the market to buy bitcoin. If you see it as bad, you probably won't even try to buy bitcoins right now because you're worried the price will drop even further. And when the price experiences a price reversal, you will be too late to buy and regret it.

[Altryist]

I know that everyone feels bad about the bear market after it lasted for a long time more than at any other time, but in times of crisis, wealth is made, so we all lost a lot of money during this bear market, and the collapse of FTX and the collapse of Luna made it worse, but the good and interesting thing during the bear market is that the prices of the altcoins are cheap now we can buy them at huge discounts, aren't these promising opportunities? Also, this time, despite its badness, gave us a lot of lessons and we gained a lot of experience during it, one day we will witness a bull market, and these difficult times and crises that the crypto market is going through may remain just memories, so be optimistic and invest in what you can lose.

Altcoin prices are very good right now, I don’t even know if it makes sense to wait for an even bigger drop, because many of them are very cheap. You can buy now and leave some reserves, they will never be superfluous. I think that starting from the spring of 2023, the situation should change for the better, the bear market has become very protracted and only the persistent will be able to survive and wait for better times.

[isaac_clarke22]

Just how bad is the bear market right now?
Historically low prices have endured for a longer period of time in the present bear market cycle than in any other.

For many altcoins, it is not really looking good . I recall one of the conversations I had with my friend over a cup of coffee that he is a little bit nervous on how the market is going lately knowing that Bitcoin is going to dip below 50k  and surely altcoins are going to follow along since investors are dumping now.

~

It works for Bitcoin for sure, but we all know how bad it goes to many shitcoins out there. It just stays flat as dead. I would keep holding and buying Bitcoin during these days if I were some of those investors.

[jostorres]

Just how bad is the bear market right now?
Historically low prices have endured for a longer period of time in the present bear market cycle than in any other.

I feel like this is alright and it's not doing that bad and I feel like there shouldn't be anything problematic. I feel like this is going to be something that is understandable at the current time and I am feeling like it's going to be a bull run very soon.

I guess there is a good chance that we could be seeing a new All time high if this keeps up, there has been this stuck and just like gas, if something is stuck for too long, eventually it will blow up and the market will be like that. I feel like the current situation is definitely something that could make sure that we are going to end up with a breakout price situation and we will profit.

[KennyR]

Rather than thinking how bad the bear market, it is time to think how good the opportunity have arisen for investment. Most of the users have made themselves adopted to the market and aren't pushing themselves towards bull market. Though the market is bearish, there is regular fluctuation and the same is being used as an opportunity. It is proven, whenever there is bear market the same gets followed by bull season. Only choice left for us to be on the safer side is to hold with patience.

[ultrloa]

Just how bad is the bear market right now?
Historically low prices have endured for a longer period of time in the present bear market cycle than in any other.

Its not bad as we see as before and also rather thinking about negative things because you see the price is dumping, maybe try to see it on more positive ways since by this time there are so many cheap coins are worth to buy and we can take advantage to accumulate some since many traders also doing this when bear market season occur.

[goinmerry]

Just how bad is the bear market right now?
Historically low prices have endured for a longer period of time in the present bear market cycle than in any other.

Hug the dip. Accept the situation as nothing we can do about it. Besides, for experienced ones, it's not the first time they experienced a bear market.

We won't learn if everything will always go up. There are lots of genius during the bull run but left dumb during the bear run.

Instead of treating the bear market as a negative thing, make that your advantage by accumulating more coins.

[lienfaye]

Just how bad is the bear market right now?
Historically low prices have endured for a longer period of time in the present bear market cycle than in any other.

Hug the dip. Accept the situation as nothing we can do about it. Besides, for experienced ones, it's not the first time they experienced a bear market.

We won't learn if everything will always go up. There are lots of genius during the bull run but left dumb during the bear run.

Instead of treating the bear market as a negative thing, make that your advantage by accumulating more coins.

Indeed. The bear market is bad for investors who are already losing their patience to wait because they want to take profit. But if we track back the past history, there are much worst that happened to the market yet many coins are able to recover back. What I mean is, use this season for your own benefit by buying a cheap coins with high potential to increase once the current season is over.  Weak investors can't think of positive decision to commit during this time, but investors who used to this kind of situation, they know what's the best thing to do.

[CapGelatik]

Just how bad is the bear market right now?
Historically low prices have endured for a longer period of time in the present bear market cycle than in any other.

Hug the dip. Accept the situation as nothing we can do about it. Besides, for experienced ones, it's not the first time they experienced a bear market.

We won't learn if everything will always go up. There are lots of genius during the bull run but left dumb during the bear run.

Instead of treating the bear market as a negative thing, make that your advantage by accumulating more coins.

It's better that way we don't need to panic with bear market conditions,
when we panic then it becomes a problem because we tend to make wrong decisions,
so as much as possible take advantage of the bear market to make a profit and it takes patience

[rozak]

Just how bad is the bear market right now?
Historically low prices have endured for a longer period of time in the present bear market cycle than in any other.

Hug the dip. Accept the situation as nothing we can do about it. Besides, for experienced ones, it's not the first time they experienced a bear market.

We won't learn if everything will always go up. There are lots of genius during the bull run but left dumb during the bear run.

Instead of treating the bear market as a negative thing, make that your advantage by accumulating more coins.

It's better that way we don't need to panic with bear market conditions,
when we panic then it becomes a problem because we tend to make wrong decisions,
so as much as possible take advantage of the bear market to make a profit and it takes patience

for beginners, of course, panic is natural, when you see market conditions that continue to trend down. especially with the depreciation of the value of assets owned.
but true, it will provide valuable experience. they can learn how market conditions can change when we can patiently wait for them.
some beginners will stick with their learning. it will give them a good experience. but some others, I believe will exit the market with a loss. either coming back or not.

[Yogee]

I don't know why some people are trying to downplay the fact that BTC went from $69K ATH to $16K as not as bad from the previous cycle's drop of $20K to $3K. Percentage may not be exactly the same but the numbers suggest it's really bad. Maybe the positive take there is that prices wouldn't have reached these low levels if not for the Do Kwon and SBF cases.

I do agree it's really that bad, just entering the first year of a bear cycle.

And next year could be worst, we could see another catastrophic event or what we call black swan. It doesn't mean that there could be another exchanges collapsing, but maybe there could be another FUD that can pull the market on the brink of another all time lows this bear cycle.

We just have to accept that fact though that Do Kwon and SBF has something to do with how the market turn out to be this 2022.

I don't know about Black Swan but it appears they already have the next target that could cause another blow to the crypto market.

Binance isn't off the hook yet with the FTX downfall. CZ and Binance is being blamed again because they allegedly refuse to "help out" in the expansion of FTX in other countries. SBF and his team had no other option but to buyback the 20% shares of Binance in the company which was supposedly worth Billions. This info from recent CNBC's interview with Kevin O'Leary.

Sounds outrageous to me but the FUD against Binance is floating around.