We are not out of the woods yet

[CageMabok]

There is always this most painful season in crypto space that hurts even the strongest of crypto holders out there where they will almost give up, I don't believe that this bear market will be different, if you are here in 2019 you knew what I am talking about.

Do you know any crypto holders out there who have given up? Because I never even cared for anyone who has given up on crypto for some reason. Yes, 2019 is the time for all cryptocurrencies to start to rise from the downturn that occurred in the year before 2019 and people who have bought any crypto at that time must have felt extraordinary profits in 2021. So why do you think about people who have given up now ?

It will get to a point where many will start losing hope on crypto, a more painful bottom will occur and holders will lose faith, the bear market will look like it will be here forever.

If you feel afraid and believe more in losing hope or something like that, you better not approach any crypto anymore because basically all crypto has risks and it is not borne by anyone but only yourself. So if you are afraid when you are in crypto, then get out of the crypto space because crypto never closes its doors to people who come and also people who go.

We are not at this point yet so do not get too confidence that a new all times low is no more possible, no one saw COV-19 coming in 2020 and anything can still happen between 2023- 2024.

I also don't really believe in what you are saying because it is still better to believe in yourself than to believe in other people's words. And you don't need to be afraid of this because there's nothing stopping you from making a decision and going to another place that might be more fun and make you more confident.

[1713508717]

1713508717

[boltz]

Next few weeks should decide in what direction Bitcoin will go , but for now , we are still in a full bear market and the trap has been set with Bitcoin hitting 20k$ again. It could be an accumulate phase , which I kinda doubt to be honest , as the volume is still low , or it could be a distribution phase and then another drop in price because we can see clearly that Bitcoin for now cannot surpass the 20k$ range.

[maydna]

The strongest crypto holders out there have not given up and will not give up because they have been through the worst in the past. Until now, they can still survive, accumulate bitcoins and some potential altcoins, and wait for market reversal. They still believe that the crypto market will return to provide big profits for them so that they are still able to survive.

And even though the negative waves will still come, they will persist in achieving their goals, and so will we, who will continue to survive. Perhaps, this year or next is a good one for crypto, so we can see the market recover.

[davis196]

There is always this most painful season in crypto space that hurts even the strongest of crypto holders out there where they will almost give up, I don't believe that this bear market will be different, if you are here in 2019 you knew what I am talking about.

It will get to a point where many will start losing hope on crypto, a more painful bottom will occur and holders will lose faith, the bear market will look like it will be here forever.

We are not at this point yet so do not get too confidence that a new all times low is no more possible, no one saw COV-19 coming in 2020 and anything can still happen between 2023- 2024.

This forum thread belongs to the Speculations forum, since you are starting a discussion, that isn't closely related to Economics.
You know the saying "Weak hands always lose", when it comes to the Bitcoin market. It doesn't have to be that way all the time.
If you(and some of the BTC HODLers) are too afraid to HODL in a bear market, just sell your BTC for fiat or stablecoins and wait for the BTC price to drop even further. When you see bullish signals, just start buying BTC. This isn't rocket science.
There's no need to HODL all your Bitcoins during the entire bear season.

[Fesatmas]

The strongest crypto holders out there have not given up and will not give up because they have been through the worst in the past. Until now, they can still survive, accumulate bitcoins and some potential altcoins, and wait for market reversal. They still believe that the crypto market will return to provide big profits for them so that they are still able to survive.

And even though the negative waves will still come, they will persist in achieving their goals, and so will we, who will continue to survive. Perhaps, this year or next is a good one for crypto, so we can see the market recover.

There is no giving up to continue to hold bitcoin even in the worst conditions. That's what I always keep in my mind about this bitcoin. I firmly believe we will be seeing new ATHs again in the future, and it is time for us to continue collecting bitcoins with the money we have put aside for it.
It will be different for beginners, yes of course they are scared because they lack experience in dealing with a bear market like this, it is our job to provide motivation and tell stories about events in the past that are almost the same as now and show how bitcoin can recover from bear times like this .

[Russlenat]

The strongest crypto holders out there have not given up and will not give up because they have been through the worst in the past. Until now, they can still survive, accumulate bitcoins and some potential altcoins, and wait for market reversal. They still believe that the crypto market will return to provide big profits for them so that they are still able to survive.

And even though the negative waves will still come, they will persist in achieving their goals, and so will we, who will continue to survive. Perhaps, this year or next is a good one for crypto, so we can see the market recover.

Long term holders should always have a strong mindset  and that they should not easily quit whenever the market stays bearish for long. That is why investing in crypto takes a lot of time gaining knowledge because if you only invest for profits, you will never survive in crypto market knowing how uncertain it is. Today might be bearish, and it could also happen next month or next year. That’s how uncertain the market is so it’s better to be always prepared so you can still survive whether the market gets bearish or bullish in time.

[serveria.com]

There is always this most painful season in crypto space that hurts even the strongest of crypto holders out there where they will almost give up, I don't believe that this bear market will be different, if you are here in 2019 you knew what I am talking about.

It will get to a point where many will start losing hope on crypto, a more painful bottom will occur and holders will lose faith, the bear market will look like it will be here forever.

We are not at this point yet so do not get too confidence that a new all times low is no more possible, no one saw COV-19 coming in 2020 and anything can still happen between 2023- 2024.

I wouldn't be so sure. IMHO we have already seen the bottom this cycle. We are not going any lower. Down from $69k to $16k doesn't feel enough pain for you? How much is that? 78% down? 

[Kasabus]

Next few weeks should decide in what direction Bitcoin will go , but for now , we are still in a full bear market and the trap has been set with Bitcoin hitting 20k$ again. It could be an accumulate phase , which I kinda doubt to be honest , as the volume is still low , or it could be a distribution phase and then another drop in price because we can see clearly that Bitcoin for now cannot surpass the 20k$ range.

Clearly bitcoin is still struggling on its own price and we won’t expect for a price surge as the market stays bearish up to these days. That is why bitcoin accumulation is still a good thing these days since we can’t expect fast reversal seeing that there are still no new positive updates that hit the market. If there are any, those were also insignificant to the market.

[serjent05]

Next few weeks should decide in what direction Bitcoin will go , but for now , we are still in a full bear market and the trap has been set with Bitcoin hitting 20k$ again. It could be an accumulate phase , which I kinda doubt to be honest , as the volume is still low , or it could be a distribution phase and then another drop in price because we can see clearly that Bitcoin for now cannot surpass the 20k$ range.

Clearly bitcoin is still struggling on its own price and we won’t expect for a price surge as the market stays bearish up to these days. That is why bitcoin accumulation is still a good thing these days since we can’t expect fast reversal seeing that there are still no new positive updates that hit the market. If there are any, those were also insignificant to the market.

I agree, though there is a Bitcoin recovery, I believe this is just a relief, a higher low that can be shaken anytime.  Worst this can be a bull trap that will incur severe losses for those who have been trapped.  So I guess it is still too early to celebrate and welcome the not coming very soon bull market.  We should stay observant and see the next Bitcoin price movement.  Better if we keep accumulating in preparation for the next ATH,

[odunybiz]

There is always this most painful season in crypto space that hurts even the strongest of crypto holders out there where they will almost give up, I don't believe that this bear market will be different, if you are here in 2019 you knew what I am talking about.

In any business, one should expect a bad moment where the business will turn upsidedown. Same thing happens with crypto. Any one that quit crypto because of the best movement isn't a good entrepreneur.

It will get to a point where many will start losing hope on crypto, a more painful bottom will occur and holders will lose faith, the bear market will look like it will be here forever.

Life is a mixture of good and bad, you can't expect good always. So bearish season shouldn't be a new thing. It's a season to test how strong we are. Those that endure and wait will be full with joy after the bearish season.

[maydna]

The strongest crypto holders out there have not given up and will not give up because they have been through the worst in the past. Until now, they can still survive, accumulate bitcoins and some potential altcoins, and wait for market reversal. They still believe that the crypto market will return to provide big profits for them so that they are still able to survive.

And even though the negative waves will still come, they will persist in achieving their goals, and so will we, who will continue to survive. Perhaps, this year or next is a good one for crypto, so we can see the market recover.

There is no giving up to continue to hold bitcoin even in the worst conditions. That's what I always keep in my mind about this bitcoin. I firmly believe we will be seeing new ATHs again in the future, and it is time for us to continue collecting bitcoins with the money we have put aside for it.
It will be different for beginners, yes of course they are scared because they lack experience in dealing with a bear market like this, it is our job to provide motivation and tell stories about events in the past that are almost the same as now and show how bitcoin can recover from bear times like this .

I agree with you because we have seen the potential benefits of bitcoin, so we must be able to continue to hold bitcoin with a strong hand. That's all we can do so we can participate in the next ATH and get big profits. And even though it looks very difficult and heavy, we must believe that we can do it. After all, many of us have been through this 5-10 years ago so actually, this is not a big problem for us.

And beginners should try it and not give up because prizes await them. We shouldn't be afraid of a bear market like it is today, and it is precise with this bear market that we can get the opportunity to buy bitcoin at a low price.

The strongest crypto holders out there have not given up and will not give up because they have been through the worst in the past. Until now, they can still survive, accumulate bitcoins and some potential altcoins, and wait for market reversal. They still believe that the crypto market will return to provide big profits for them so that they are still able to survive.

And even though the negative waves will still come, they will persist in achieving their goals, and so will we, who will continue to survive. Perhaps, this year or next is a good one for crypto, so we can see the market recover.

Long term holders should always have a strong mindset  and that they should not easily quit whenever the market stays bearish for long. That is why investing in crypto takes a lot of time gaining knowledge because if you only invest for profits, you will never survive in crypto market knowing how uncertain it is. Today might be bearish, and it could also happen next month or next year. That’s how uncertain the market is so it’s better to be always prepared so you can still survive whether the market gets bearish or bullish in time.

Experienced long-term holders should have a plan of what they should do when the market becomes as bearish as it is today. They will use this time to invest a lot of money, and there is a possibility that they will only choose bitcoin as their biggest investment, considering the potential profit they will get from bitcoin is very large. And as long as we can hold bitcoin and stay afloat, we will be able to see that bear market changing to a bull market.

[irhact]

We are not at this point yet so do not get too confidence that a new all times low is no more possible, no one saw COV-19 coming in 2020 and anything can still happen between 2023- 2024.

We still have a long way to go, the financial market could collapse and price of goods and commodity start dropping and there's every possibility that this will affect all markets including that of cryptocurrency. In 2020 the pandemic cause a panicking in the whole market and nobody knows what 2023 will bring but I'm positive it won't cause much hazard in the cryptocurency market.

We had a worst year in 2022 and now the market has started recovering with some altcoins giving good profits in the last 7 days. Bitcoin hasn't given much profits yet so there's nothing to be scared about in regards to a correction. I think we might keep moving upwards towards the $25k price before any major type of correction is been recorded.

[lixer]

People are free to think what they like, even the great crypto analysts like PlanB can sometimes be wrong. And the funny thing about people in crypto is that, when the price is up, they as why, when it goes down they still ask why.
So when you see some people claiming to give up on crypto doesn't mean they actually give up lol.
Bear market brings buying opportunities if you don't know.

There’s no perfect market, there’s always a pump and dump and yes even the economy can suffer too, what you can do is to be more flexible and equip yourself the right knowledge so you can know when to invest and take advantage of the market. Bear is a good opportunity, only those who are willing to take the risk can make it, that is actually the survival phase where not everyone will stay.

Pumps and dumps are actually normal in the financial market. It shows that the market is healthy. If the movement is only in one direction, don't ya think we can buy effectively or sell for profits? No right. An economy outside can suffer but I don't think it's a good thing. It won't be like that if there is nothing wrong with our government.

A bad economy will also have a bad effect to the people. There will be less jobs and then the price of the goods can also rise. People will now have a hard time to buy a crypto. But indeed that being knowledgeable and flexible in times like this is helpful, as we can easily find a way on how to overcome it.

[Fesatmas]

And beginners should try it and not give up because prizes await them. We shouldn't be afraid of a bear market like it is today, and it is precise with this bear market that we can get the opportunity to buy bitcoin at a low price.

Yes, for beginners, maybe they should first feel the benefits if they hold bitcoin even in a bear market like this. I'm sure they will be able to do it, but the doubts that come to them are also because there is a lot of FUD circulating when a bear market occurs, so they have to get guidance from people who are already in the bitcoin space, or in other words they have to be guided by people with experience . Here, in this room, they will learn a lot from their seniors and share what has happened in the past. I wish they could just ignore all the FUD aimed at bitcoin.

[lizarder]

There is always this most painful season in crypto space that hurts even the strongest of crypto holders out there where they will almost give up, I don't believe that this bear market will be different, if you are here in 2019 you knew what I am talking about.

Again we have to mention the four year cycle and that is why bitcoin is considered a fluctuating asset, holders who understand the nature of bitcoin will not suffer from the panic you describe, because they know the law of supply and demand has something to do with the course of bitcoin, despite many other events also affects the occurrence of Bullish and Bearish.

It will get to a point where many will start losing hope on crypto, a more painful bottom will occur and holders will lose faith, the bear market will look like it will be here forever.

To date I have yet to find the number of percentages of people who have lost hope of the bitcoin journey. Strong holders are those who continue to buy and stay long term, the percentage you are referring to represents only a small number of people who do not understand cycles and have not been deeply involved in bitcoin investing in recent years.

We are not at this point yet so do not get too confidence that a new all times low is no more possible, no one saw COV-19 coming in 2020 and anything can still happen between 2023- 2024.

There are always cycles that affect the journey of bitcoin, however volatile and chaos caused by anything will end, 2021 is a major catastrophic impact around the world, recession and inflation occur in almost all countries. Yet bitcoin continued to show consistency and survive the turmoil until it reached ATH, the power to compare bitcoin amidst recession and inflation is sufficiently described in 2021.

[Yatsan]

And beginners should try it and not give up because prizes await them. We shouldn't be afraid of a bear market like it is today, and it is precise with this bear market that we can get the opportunity to buy bitcoin at a low price.

Yes, for beginners, maybe they should first feel the benefits if they hold bitcoin even in a bear market like this. I'm sure they will be able to do it, but the doubts that come to them are also because there is a lot of FUD circulating when a bear market occurs, so they have to get guidance from people who are already in the bitcoin space, or in other words they have to be guided by people with experience . Here, in this room, they will learn a lot from their seniors and share what has happened in the past. I wish they could just ignore all the FUD aimed at bitcoin.

But that makes them "beginners". Being prone to FUDs, misconceptions and such. Well that is a part of the learning process. They won't know the do's and don'ts if they won't experience it. Giving them a tip would help but for sure they won't understand it at first. Experience teaches stronger. Guidance from those who are quite long would help them minimize prior mistakes. On the other hand, FUDs a bit hard to conquer if you're just new in this industry; where would you base facts if lmost everything in this industry is opinionated such as with possible trend, when to sell or buy and the likes. Spoonfeeding also won't be a help, I guess, based on experience. It took me another year to fully understand this blockchain 'coz I was spoiled by my friends who got here early.

[uneng]

Anything can happen, for the good and for the bad of Bitcoin on the following years, so a new bottom isn't a sure thing, after all. We don't know what the next fluctuations are going to be. All we can see is that 2023 has been being a year of recovery for BTC on these initial weeks, boosting positive sentiment among investors.

On the other hand, if Bitcoin falls again soon, let's see this as an opportunity for more investors start their investments in cryptocurrencies for an affordable cost.

[Dickiy]

Maybe it should be considered, the storm doesn't end here, but if we keep thinking about the storm it makes us afraid to enter the market and of course we will be really afraid, therefore it is important for us to manage investment in crypto, the strategy that is made possible should take a safe entry into the market, such as DCA or buying when a downturn due to a storm occurs.
Maybe people who invest long-term with DCA are waiting for the stormy moment to come again, especially those who haven't jumped at the bottom in December.

[teosanru]

There is always this most painful season in crypto space that hurts even the strongest of crypto holders out there where they will almost give up, I don't believe that this bear market will be different, if you are here in 2019 you knew what I am talking about.

It will get to a point where many will start losing hope on crypto, a more painful bottom will occur and holders will lose faith, the bear market will look like it will be here forever.

We are not at this point yet so do not get too confidence that a new all times low is no more possible, no one saw COV-19 coming in 2020 and anything can still happen between 2023- 2024.

So true, i see a lot of people celebrating an end of bear run. But this definitely isn't an end. Infact I won't say anything is an end until we reach 20% near the recent all time high that we have. You see market will not behave the same way because big whales know they can't be predictable for retailers so ideally they will always try to make things uncertain give you fake hints. I am expecting this time bear run can stay for a longer period of time because of a lot of accumulation is required to make btc 100k.

[MoonOfLife]

There is always this most painful season in crypto space that hurts even the strongest of crypto holders out there where they will almost give up, I don't believe that this bear market will be different, if you are here in 2019 you knew what I am talking about.

It will get to a point where many will start losing hope on crypto, a more painful bottom will occur and holders will lose faith, the bear market will look like it will be here forever.

We are not at this point yet so do not get too confidence that a new all times low is no more possible, no one saw COV-19 coming in 2020 and anything can still happen between 2023- 2024.

I wouldn't be so sure. IMHO we have already seen the bottom this cycle. We are not going any lower. Down from $69k to $16k doesn't feel enough pain for you? How much is that? 78% down? 

Nothing is impossible, in the context of the world economy is still struggling, it is possible for bitcoin to continue to be impacted and fall more than is possible. When many believe that a bottom has been formed and bitcoin will never fall again, that is when bitcoin will fall. I still believe we haven't bottomed yet, bitcoin will drop below $15k.