Just how bad is the bear demand right now

[Reatim]

since playing crypto I have felt 2x bullish and 2x bearish, the first in 2017 and the second in 2021. but for me last year's bearish was much better than in 2018, why is that? bitcoin low price in bearish last year was around $17k and low bitcoin price in bearish 2018 was around $3500 (i kinda forgot).
besides that last year's market conditions also recovered slightly faster than in 2018.

Lol , you cannot compare about the price because the value is far different and the ath and atl are also different, but in my perspectives? What we can achieve in 2024-2025 will be far from what we have in those 2 mentioned bull runs.
And also that 17k ? What we can see is the coming increase and that is 100k .

[Paul Pogba]

If we pay attention to bitcoin daily trading it continues to decline, especially since the presence of a stable coin which makes trading pairs for bitcoin increasingly less popular, people prefer a definite profit so they park their money in stable coins, and this is also what I usually do when the market has the opportunity to drop.

[Republikcoin.com]

If we pay attention to bitcoin daily trading it continues to decline, especially since the presence of a stable coin which makes trading pairs for bitcoin increasingly less popular, people prefer a definite profit so they park their money in stable coins, and this is also what I usually do when the market has the opportunity to drop.

If you usually do that when you are trading, why do you even think that other people are also doing the same thing as you are doing it? Because I never thought that other people would also do the same thing as you do when trading with Bitcoin assets even though the goal is to make a profit. And for those who park their assets into stablecoins, it is a very common thing to do before they start buying back other assets or the same asset, namely Bitcoin.

Because stablecoins are cryptocurrencies that are suitable for storing the value and profit we get so there is nothing wrong with using them when trading, but what you need to know is that stablecoins are not used for profit because their value tends to settle and the increase is not significant at all . So there's nothing wrong with decreasing the price of Bitcoin because Bitcoin already has many pairs on many exchanges and stablecoins have also been present in the market for a long time for pairs of many existing cryptocurrencies.

[Kemarit]

If we pay attention to bitcoin daily trading it continues to decline, especially since the presence of a stable coin which makes trading pairs for bitcoin increasingly less popular, people prefer a definite profit so they park their money in stable coins, and this is also what I usually do when the market has the opportunity to drop.

I don't know what you mean by this? stable coins has it's purpose though, maybe we hedge our bitcoin on it to stop the bleeding. But as far as it's effect on the market? There is none, it's a good strategy to hedge but sooner or later you have to bring it out from stable coins and make some money.

Right now, the market seems to be on a good mood at it leapfrog above $27,000 again.

When we thought that June might be a slow month, who knows, maybe we can reach $29,000 as the top price. So let's see, the bear market is still going to last till next year, we should be patience and strategize and make a plan.

[Wong Gendheng]

Many people think that the market today often makes us drop, but we must be optimistic that the market will immediately rise again, don't say regret someday because the price skyrocketed and we do not buy when the price is cheap as it is today.

[Desscount]

demand in the 2021-2023 bear market is still not bad,
because the market cap of cryptocurrencies is also not relatively low compared to the 2017-2020 bear market,
indeed the price of altcoins is currently bad, but a lot of good news is starting to come making altcoin recoveries.

[pooya87]

All things considered looking back at the past 6 months I'd say the market has proven to be hugely resilient to all the sell pressure, manipulation or real. It is still the global economy that is creating a big part of that sell pressure and lack of buyers. More specifically the recession that has been going on. The recession is also going to get worse ever since US decided to increase the debt ceiling, print more money while increasing the interest rate to manage the rising inflation!

[savetheFORUM]

the current bear market I think is just as bad but what's more impactful this year, as it is accompanied by global world news that throws things out of control.
but anything else is getting crypto back up, just waiting for the good news to come out.

yes the bear market this time is the same as 2018-2020,
2021 is the beginning of the bear market and until 2023 and there is still no sign that the bear market has finished,
I don't know I'm still waiting for bullish, I heard the news that 2024 will start, is that true?

We are basically not in the bear market anymore since the price jumped from almost $18k to $31k after 2023 started, we might be in a correction at the moment and it might even get deeper but we can't really call it a bear market. There is actually not much buying pressure to support the market to go up and that is the reason why it has been so stable.

Speculations say that 2024 might be the year when the market will get into the actual bull market because of the events that will occur in it, especially the halving, and there will be large buybacks before the halving which will obviously push the market up.

[EarnOnVictor]

All things considered looking back at the past 6 months I'd say the market has proven to be hugely resilient to all the sell pressure, manipulation or real. It is still the global economy that is creating a big part of that sell pressure and lack of buyers.

Talking about resilience, I will give Bitcoin this, because I never expected it to hold its ground this much during a bear market when the whole sentiment became obviously bearish. This is as the higher chart patterns and economic data that are so much pressuring the risk-on assets suppose to pressure it as well. Yet, Bitcoin has been dusting them off, which is very good proof of its stability.

Also, some experts, including myself speculate that it might reach around $20,000 before it would be greeted with a powerful Bullrun. I believe this should happen if it continues to hold below $31,000 between now and the first months of next year.

[Paul Pogba]

The global economic conditions which are in recession are likely to be the cause of the decreased demand for bitcoins, but we must be optimistic that the beginning of 2024 will be a halving day which will increase demand so that prices can set new ATH records again, I'm sure the end of the year will be the start of a bull run.

[GeorgeJohn]

From my own understanding and observation in Bitcoin price I believe that bitcoin will not go higher than forty thousand  [40k] this year in price and the falling of Bitcoin will not go below twenty thousand [20k] if we are expecting the price to go higher that should be in Year 2024 that will experience another bullish market in cryptocurrency so I believe that this is when we can have a bullish market but this is the actual periods whoever that is a good investor should we invest their money by buying bitcoin now and keep against the next bullish market off Bitcoin

[OgNasty]

The global economic conditions which are in recession are likely to be the cause of the decreased demand for bitcoins, but we must be optimistic that the beginning of 2024 will be a halving day which will increase demand so that prices can set new ATH records again, I'm sure the end of the year will be the start of a bull run.

I think we’re more likely to see a run up to the halving event and then a correction after as investors take profits. Usually takes a while before the big bull kicks off.

As for the thread topic, I’m shocked how much bullish demand there is at the moment with all things considered. I’m surprised we’re back above $27K again already.

[Ngemmeng]

demand in the 2021-2023 bear market is still not bad,
because the market cap of cryptocurrencies is also not relatively low compared to the 2017-2020 bear market,
indeed the price of altcoins is currently bad, but a lot of good news is starting to come making altcoin recoveries.

bad altcoin prices? which altcoins? I see that the price of ETH BNB and other major altcoins is still in normal condition, and the percentage increase or decrease in price is not far from bitcoin. I don't think we can say all altcoin prices are bad just because some altcoin prices have plummeted.

[Marykeller]

Just how bad is the bear market right currently?

Is the Current Bitcoin Bear Market That Bad?

The current bear market situation in the second quarter of this year is not that bad when compared to the price of bitcoin last year. At least the price of bitcoin is presently bouncing between $26k and $30k, which is beneficial and provides an opportunity for investors who want to add additional bitcoin to their portfolio in anticipation of the bull run season or who want to temporarily adopt the DCA method.

[Joshapat]

The market is now making us often confused because when the price looks going up but what happens is the price decreases, at first I like to make Bitcoin for daily trading, unfortunately the current conditions are very difficult and I'm more focused on long -term hold, we are waiting for halving day and me Sure prices will increase 2 or 3 times than the current price.

[Bitcoin2009]

The market has continued to decline since the last 5 days, this of course makes us worried that the market will fall again below $ 20k, many people are too afraid to invest in crypto because there are so many FUDs spread on the internet, even a lot of FUDs are organized and seem to be funded haters.

[rhodelmabanal]

Bear market is not new to use sometimes it is very bad and sometimes it is good,it is good because we can have an opportunity to have more coins in a very los price we can hold more good coin in a very small capital,it is sometimes bad because if we already by coins it can be down and it only depends on our patience if we dont have patience we will surely loss but if we have patience we will earn.

[MFahad]

It is really difficult to predict the exact value of bitcoin or any other cryptocurrency. And many are waiting for the bull run to return to bitcoin as well. Maybe when the bull run returns, more bitcoin holders are waiting for the bull run.

I have already missed two bull run seasons where I didn't even save or hide bitcoin and other cryptocurrencies, so this time I am making sure that I no longer have a zero balance because somehow I already have holdings of bitcoin and other cryptocurrencies too.

Individuals always learn from their past and so realize that in previous Bull season you did not get anything so surely you will get maximum amount of profit during coming Bull season and we all are waiting just for halving because the price will be more profitable than current one. All those individuals who used some amount in Bitcoin or other asset will definitely get benefit because every other coin is related with bitcoin so what will happen with bitcoin will definitely have same impact on other coins.

You have to just uses amount of money in Bitcoin and its does not matter that how much you utilize, its lower or higher does not matter because you will put that amount which you can. This is true that larger sum will have greater benefits but if you don't have large sum to put in bitcoin then less sum is enough because everyone cannot afford larger sum for investment.

[Ojima-ojo]

If we pay attention to bitcoin daily trading it continues to decline, especially since the presence of a stable coin which makes trading pairs for bitcoin increasingly less popular, people prefer a definite profit so they park their money in stable coins, and this is also what I usually do when the market has the opportunity to drop.

What do you have to say at this point and with the current Bitcoin price and how it intends to changeon a constant basis due to that instability bitcoin prices tend to go up and down regularly and when this thread was created,  bitcoin was facing a major market crisis with FTX and the rest of it.


But even at that Bitcoin was able to make a price recovery to the current price there have been a lot of recoveries in the current price of above 30k.

[Kemarit]

Just looking back though, the OP created this thread at the beginning of the year. Of course last November 2022 we have the lowest low, the bottom price at $15,500. So maybe the OP is just ranting or that's what the prevalent sentiments that time. Although at the end of January we have a upswing of like 40%++ so that is huge already that time.

But we continue, hard and grind and very painful and slow uptrend in the next six months or so. But after that look at where we at today, we've double what's the bottom price of this bear market. And we can say that the bear market is not that bad after all as it has given us time to accumulate and at the same time the experience specially for newbies could be eye opening. But at least with just another six months or more, we are going to survived it as we have the block halving and then the eventual bull run. So for everyone? just hang on tight.