Bye Bye Bear Market :)

[eaLiTy]

The bear market that occurred throughout 2022 made many frustrated and panic so that it sells with losses, now slowly the market starts rising and if we count an increase of more than 40%, this makes us have to be sure and no more panic for long -term holders, And I plan to hold Hold at least up to a year or more.

If anyone thinks that they will panic sell their assets in an highly volatile market, then it is better not to enter as they wont be making any profit in the cryptocurrency space  . You cannot expect 40% increase in this market situation, you need to be patient enough to hold for the long term atleast till the next halving for you to see any major rally in the price.

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[kawetsriyanto]

I think it's too early to say the bear market is over. There is some movement in altcoins but first Bitcoin needs to rise enough. I think that after going from 16k to 40k altcoins will reach the desired values ​​and then I can say bye to the bear market.

Bitcoin has been rising well enough lately, even today BTC successfully passed $24k. If you think BTC should rise enough, IMO it already rises enough. Or what price to be achieved, to call "rise enough"? Does BTC reach $40k to conclude that BTC has risen enough? I don't think so, mate. However, I agree that it is too early claiming the bearish ended already. We are still far from $68k/$69k (ATH), while the current price is still around $23k. It is obvious that we aren't in the bullrun season yet.

[Mpamaegbu]

What I see now is that the party seems to have started too early and that's a bull trap if you asked me.

I've seen this theory more than once. Also I was not convinced we're out of bear market yet.
However, we've already had some attempts for correction/bring the price back down, rather weak and rather short lived. The upwards trend seems to be pretty powerful and I start to believe that OP was indeed right.

Honestly, if this momentum that we have seen these past few days were in the last quarters of this year I would've concluded that the bull was upon us. This is because I know that every last quarters of pre-halving year is often green for Bitcoin. It's the same with the halving and post halving years. This one starting this early still casts a shadow. The downward retracement may not be strong but I still believe up isn't yet the way to go at the moment.

[Kemarit]

What I see now is that the party seems to have started too early and that's a bull trap if you asked me.

I've seen this theory more than once. Also I was not convinced we're out of bear market yet.
However, we've already had some attempts for correction/bring the price back down, rather weak and rather short lived. The upwards trend seems to be pretty powerful and I start to believe that OP was indeed right.

Honestly, if this momentum that we have seen these past few days were in the last quarters of this year I would've concluded that the bull was upon us. This is because I know that every last quarters of pre-halving year is often green for Bitcoin. It's the same with the halving and post halving years. This one starting this early still casts a shadow. The downward retracement may not be strong but I still believe up isn't yet the way to go at the moment.

Maybe the trend has broken up, or perhaps in this 1st quarter we will have green followed by a couple of quarters of retracement and corrections. Nevertheless, it's good to see the price picking up at the start of the year.

And maybe we can see goodbye bear market, or at least we are not going to see lower lows again before the bull run.

So let's wait for the last quarter pre halving run it could happen again or not. But what's important is that we keep on building our portfolio and accumulating Bitcoin for the long run.

[Mpamaegbu]

~snipped~

But what's important is that we keep on building our portfolio and accumulating Bitcoin for the long run.

That's the absolute! There's this saying that the bears make money, the bulls make money; only the hogs get slaughtered. Professional traders don't really get bothered about the market once there's volatility. Whether price goes up or slides down, it's not a bother to them. Traders who've the set skills know when to make entries or exit the market.

[ethereumhunter]

I think it's too early to say the bear market is over. There is some movement in altcoins but first Bitcoin needs to rise enough. I think that after going from 16k to 40k altcoins will reach the desired values ​​and then I can say bye to the bear market.

Bitcoin has been rising well enough lately, even today BTC successfully passed $24k. If you think BTC should rise enough, IMO it already rises enough. Or what price to be achieved, to call "rise enough"? Does BTC reach $40k to conclude that BTC has risen enough? I don't think so, mate. However, I agree that it is too early claiming the bearish ended already. We are still far from $68k/$69k (ATH), while the current price is still around $23k. It is obvious that we aren't in the bullrun season yet.

Even though bitcoin has managed to pass $ 24k, the correction finally came again and made bitcoin at $ 23k until now. But it's only temporary and we will see the next rally, although we don't know if it will be a long rally which will make the price increase immediately or if it will just be a slow rally which will make the price increase little by little. The bull run season is yet to come and the market is still in a bearish season even though the prices have managed to move up a bit. But don't worry, the bearish season will surely pass and be replaced by a bullish season.

[monineklutak]

~snipped~

But what's important is that we keep on building our portfolio and accumulating Bitcoin for the long run.

That's the absolute! There's this saying that the bears make money, the bulls make money; only the hogs get slaughtered. Professional traders don't really get bothered about the market once there's volatility. Whether price goes up or slides down, it's not a bother to them. Traders who've the set skills know when to make entries or exit the market.

indeed for professional traders, bear or bull has become a necessity to seek profit,
but that is different from some other traders or most investors, I myself also feel the bitterness of this bear market,
in this bear market to be honest, it is very difficult for me to make a profit , even my portfolio was completely destroyed.
this is why we have to say good bye to the bear market.

[_BlackStar]

I don't know how bad the reality is to counter analysis, but I'm sure this bear market hasn't been completely removed. Even though the price has now risen 36% in the last 30 days, there is still every possibility of it going lower. It might be good to expect $22K to be held as strong support for months from now, but it's still good to think about DCA as long as we're still at -66% since its last ATH.

It's still hard to break through $25K even though we've seen bitcoin actually cross $24K, but there's good hope of waiting for this $25K during February.

[bbc.reporter]

According to Fear & Greed Index the purchasing part outweighs. This index has always shown me the truth if the index is at these levels i will continue to buy and after 80% i will start selling in parts. There is also an increase in the number of hodls.

I think it's too early to say the bear market is over. There is some movement in altcoins but first Bitcoin needs to rise enough. I think that after going from 16k to 40k altcoins will reach the desired values ​​and then I can say bye to the bear market.

Fear and greed index has always been a bad guideline for when we should buy or sell. Similar to RSI if it says it is in greed, this implies that bitcoin is overbought and if it tells us that the index is in fear, bitcoin is really oversold. Look at the date when you shared the index and also look at when bitcoin began dumping. It is on the same date hehe.

[GeorgeJohn]

I don't know how bad the reality is to counter analysis, but I'm sure this bear market hasn't been completely removed.

At this point people will pleasantly believe that we are out of bearish market, And those set of people does make use of chart to examine the gravity of Bitcoin ratio of increment. I will not support the motion that we are out of bearish market, because i know too well that the market of cryptocurrency is unpredictable. So many people will conclude that we are out of the bearish market due to the little increment we experience early January, but it's obvious that Bitcoin regulations in price can occur negatively now and within some minutes it reverse to be positive.

[Dickiy]

I don't know how bad the reality is to counter analysis, but I'm sure this bear market hasn't been completely removed.

At this point people will pleasantly believe that we are out of bearish market, And those set of people does make use of chart to examine the gravity of Bitcoin ratio of increment. I will not support the motion that we are out of bearish market, because i know too well that the market of cryptocurrency is unpredictable. So many people will conclude that we are out of the bearish market due to the little increment we experience early January, but it's obvious that Bitcoin regulations in price can occur negatively now and within some minutes it reverse to be positive.

People will become gods when the market becomes bullish and they speak as if the world belongs to them, they speak pearls of wisdom from their mouths to sway one another, whether this is bearish or bullish cannot be determined with such assumptions. But I think I agree with you because the recent price volatility is quite strange and quite extreme in my opinion, it seems that we haven't really been able to stay away from the bear phase in Q1 even though there has been a slight increase in bitcoin and altcoins.

[dunfida]

I don't know how bad the reality is to counter analysis, but I'm sure this bear market hasn't been completely removed.

At this point people will pleasantly believe that we are out of bearish market, And those set of people does make use of chart to examine the gravity of Bitcoin ratio of increment. I will not support the motion that we are out of bearish market, because i know too well that the market of cryptocurrency is unpredictable. So many people will conclude that we are out of the bearish market due to the little increment we experience early January, but it's obvious that Bitcoin regulations in price can occur negatively now and within some minutes it reverse to be positive.

People will become gods when the market becomes bullish and they speak as if the world belongs to them, they speak pearls of wisdom from their mouths to sway one another, whether this is bearish or bullish cannot be determined with such assumptions. But I think I agree with you because the recent price volatility is quite strange and quite extreme in my opinion, it seems that we haven't really been able to stay away from the bear phase in Q1 even though there has been a slight increase in bitcoin and altcoins.

All of the positivity and all of the confidence would really be seen for most people and telling that this is the start of the bull run on for some all time highs without even trying out to be realistic that this isnt how this market behaves or works.
Well its not surprising to have  these kind of impulsive approach and reactions on the time that we are seeing greens but exaggerating it too much is never been that appealing nor good.
It would really be creating that expectation and anticipation that it would surely happen and on the time that it did failed your expectation then you are really that ending up on getting annoyed or
disappointed.Therefore, further discouragement and stress would be there so its not really that ideal to have this kind of mindset.

[Lubang Bawah]

The size of the bear market is of course different, I think if we compare it with the price at the end of 2021 of course it's still a bear market now, we don't say a bear market if the price is close to the last ATH, but I'm optimistic that bitcoin will continue to shine and this year hopefully it can make an new ATH gain.

[ImThour]

Bitcoin has retested it's weekly support, which was a resistance throughout the 2022.
If you still have not bought some BTC for long term, you can start your DCA journey.

[NicNacCoin]

Maybe the trend has broken up, or perhaps in this 1st quarter we will have green followed by a couple of quarters of retracement and corrections. Nevertheless, it's good to see the price picking up at the start of the year.

I was very pleased to see the price increase at the beginning of the year after the dumping market ended. It seemed that the Bitcoin market would soon go higher and those of us who had invested in the higher market would recover our investments. But lately the market is going down again. In this our invested portfolio started to decline again.

And maybe we can see goodbye bear market, or at least we are not going to see lower lows again before the bull run.

We are back at the Bear Market. I can tell we are not in a bull market by the way the market has been going down lately. Maybe we are sinking into a bear market again.

So let's wait for the last quarter pre halving run it could happen again or not. But what's important is that we keep on building our portfolio and accumulating Bitcoin for the long run.

Yes, we must wait until our investment recovers. If you have to wait for a long time for this, you will have to do so. But we hope to recover very soon.

[fzkto]

Maybe the trend has broken up, or perhaps in this 1st quarter we will have green followed by a couple of quarters of retracement and corrections. Nevertheless, it's good to see the price picking up at the start of the year.

I was very pleased to see the price increase at the beginning of the year after the dumping market ended. It seemed that the Bitcoin market would soon go higher and those of us who had invested in the higher market would recover our investments. But lately the market is going down again. In this our invested portfolio started to decline again.

And maybe we can see goodbye bear market, or at least we are not going to see lower lows again before the bull run.

We are back at the Bear Market. I can tell we are not in a bull market by the way the market has been going down lately. Maybe we are sinking into a bear market again.

So let's wait for the last quarter pre halving run it could happen again or not. But what's important is that we keep on building our portfolio and accumulating Bitcoin for the long run.

Yes, we must wait until our investment recovers. If you have to wait for a long time for this, you will have to do so. But we hope to recover very soon.

Perhaps after price rises since the beginning of this year, a correction is now taking place. But I am worried about the US policy on cryptocurrencies. It is because of the US that we are now seeing price declines. Some coins are even back to where they were before the pump. I hope this will recover soon, because the beginning of the year reminded me of a trend reversal.

[fullhdpixel]

Perhaps after price rises since the beginning of this year, a correction is now taking place. But I am worried about the US policy on cryptocurrencies. It is because of the US that we are now seeing price declines. Some coins are even back to where they were before the pump. I hope this will recover soon, because the beginning of the year reminded me of a trend reversal.

What policy do you mean. Are you referring to the banning of staking on some crypto platforms? Well yeah that could have a domino effect to the price of the cryptos and maybe that is the reason why we are seeing a decline right now because maybe the bill have already passed and banning have already started but we should calm down because I believe that there is still a chance for the price to recover again. Remember the times where crypto is also banned in other countries? And I think that one is much worse than this but we see how the price fought and still achieve their new all time highs. Cryptos are still going to be unstoppable.

[Pejoh Asu]

February makes me doubt whether it will rise or not, after reaching a satisfactory trend in January then slowly starting to decline again in February, maybe we can't say the bear market is over yet, but as an investor who thinks positively, the current decline is a good opportunity great to buy more and for less.

[bbc.reporter]

@Lucius. These types of developments in Asia was what I was trying to tell you. The Asian market is beginning to open and adopt the cryptospace again while everything is trading very slowly on low prices. In America, they have only begun to create stricter laws and control how much liquidity goes in the cryptospace. I reckon by the time America has opened up, it might be close to a new all time high where it might be the correct time for Asia to dump hehe.



DBS Group Holdings has unveiled its plan to expand its services in Hong Kong. The Straits Times reported Monday that the bank plans to apply for a license to offer crypto trading services to Hong Kong customers. Headquartered and listed in Singapore, DBS is the largest bank in Southeast Asia with a presence in 18 markets.

Read in full https://news.bitcoin.com/southeast-asias-largest-bank-dbs-unveils-plan-to-expand-crypto-services-in-hong-kong/

[Jating]

@Lucius. These types of developments in Asia was what I was trying to tell you. The Asian market is beginning to open and adopt the cryptospace again while everything is trading very slowly on low prices. In America, they have only begun to create stricter laws and control how much liquidity goes in the cryptospace. I reckon by the time America has opened up, it might be close to a new all time high where it might be the correct time for Asia to dump hehe.



DBS Group Holdings has unveiled its plan to expand its services in Hong Kong. The Straits Times reported Monday that the bank plans to apply for a license to offer crypto trading services to Hong Kong customers. Headquartered and listed in Singapore, DBS is the largest bank in Southeast Asia with a presence in 18 markets.

Read in full https://news.bitcoin.com/southeast-asias-largest-bank-dbs-unveils-plan-to-expand-crypto-services-in-hong-kong/

Thanks for this, yeah, I also believed that Asia is the one pushing the market in this bear market. I was just observing that when the market is open is Asia's time somewhat the price is going uptick.

And now that we have seen the price going to $24k again and the Asian market is about to open in the next 2 hours or at least traders and speculators are, I expect that price to continue to go up and maybe hit mid $24k again and hit highest high like $24,500++, the biggest price that we have seen since this sort of mini bull run.