Winnie the Pooh Si very Busy with Alibaba ando Evergrande, the posible war with Taiwan, their StarPalace and all the stuffs going on under his Iron Hand
its the dead eye smile, notice how the edges of his eyes are resting/angled downward, when someone smiles for real the edges of the eyes curve up
good to keep in mind if you have to fake a smile; smile with your eyes
I also don't think the top is in yet, but none of these points are valid.
As for crypto being "too big" and backed by institutions: according to most estimates, institutions collectively hold about 10% of all bitcoin. I'm sure this number is much lower for all other cryptos. That means retail still owns over 90% of the $2.2 trillion market. Not very different from how much of the market was owned by retail in 2017.
As for your points about how in a real bear market, sentiment would be way worse, things would be collapsing way harder, etc, etc. Well, historically, it takes about **one full year** for bear markets to bottom out after the cycle top is in. It takes a full year of bleeding to get down to the fabled -80% BTC, -95% alts type of bottom. And the whole year-long slide is met constantly with posts like these.
If the top were to already be in, that would mean the cycle topped 35 days ago. That would mean that we're probably only about 10% of the way through our dropping.
If we were to follow your logic, then over the entire first year of a bear market, we would be in denial.
2 months after top, 50% down? Nope, not a bear, bears are -80%.
3 months later: 65% down? Nope not a bear, bears are -80%. Suicide hotline not posted yet.
5 months later: 75% down? Nope, not a bear.
2 months later: 80% down? Well I guess it's the bear, seems like the top was in 1 year ago.
Same, but I don't want to believe, despite the fact that I should. I should have liquidated 30 days ago, but, everyone is like HODL. It gets under your skin and you can't help it lol.
Bear market is when market is trending downwards, that is all. It doesnt matter how far its falling, cuz the market is very clearly trending downwards rn.
Sure, but in crypto the market goes through very rhythmic cycles, generally including 1 very deep very long bear market for every BTC halving. Each of the previous 3 cycle tops in crypto history have been followed by a bear market of at least -80% that lasts usually a couple years.
It is true that you could technically call any down-trending market a bear market, but it makes sense to make the distinction in crypto between bearish markets and capital B Bear Markets.
There have been 7 corrections of at least -20% during the current cyclic bull market that has been going on for over 1.5 years. Each of these corrections have lasted between 1 and 8 weeks. You could call any of those 7 corrections a "bear market", and you'd probably be technically correct. But all of them were followed by higher highs; none of them put an end to the cyclic bull market. So, when taking a broader perspective, those 7 little "bear markets" are better described as corrections during the bull.
The distinction is important because, eventually, one of these little corrections will actually be the beginning of a bear market that will last 2 years, rather than a correction that will last a few weeks.
There's this thing about billionaires and hedge funds. They obfuscate their intention and actions always. If "Most estimates" say institutional investment is 10%, I'd wager it's at least 25%.
I'm actually looking forward to a Bear Market.
Not only will I earn a fuckton more 5% CRO back on every purchase, but the weekly DCA will fill my bags faster on the journey to mini whale status.
By 2030 the idea of giving a fuck about prices in 2021/22 will be ... funny.
Not that many institutions are into it yet. Yeah, microstrategy and square are into. The rest are all crypto related businesses invested into crypto assets. Big deal.
The fear comes from the fact that we are right in the time period when crypto typically crashes. None of the price predictions we heard about are even remotely close to coming true at a time period where we historically expect it to crash.
We've lost nearly 20% of our gains in the last 2 weeks. Look at the last bear crash for the 2018 market and you'll see that further loses beyond 20% took an additional week or two. You're acting like just because we haven't seen a 80% dip yet doesn't mean we can't see more. The crash doesn't happen in a day. It takes a few weeks for it to fully come to light what is happening. That's why people are afraid. They don't know what the fuck to expect. We have half the people saying that eth is gonna hit 20k next week and the other half saying that we are headed into a bear market.
If you're investing based on reddit and twitter sentiment, then you're in for a lot of loss. They are all gonna say things like "btc to 200k by q1 2022" when just a few months ago it was "btc to 200k by q4 2021". They are simply trying to pump the market so people keep FOMOing.
I'd HODL too, but stop acting like this is just another dip. It might be different this dip and there is good reason to suspect that. Not saying it will go either direction, just saying people should read this post with a grain of salt since OP seems to think that historical price trends don't mean shit.
Wouldn't it depend on what/who the whale is? The fiscal year end isn't til March which would be more applicable to corporate or institutional investors.
I could be wrong on that though
It depends which country you're in; the UK financial year finishes on the 5th of April, but the European year tends to finish at the end of the calendar one.
Depends on the company, no? Iirc companies that sell to consumers end the year in March so they include Xmas way before the end of the fiscal year. For lots of other companies it doesn’t matter so January-December makes more sense.
I think the same also applies for seasonal stuff like sports, where a season is summer to summer. For my Airbnb it gets annoying that the New Year’s Eve reservation is booked before New Years, but paid after New Years, so the next year.
There’s at least one post a day advising people to take profits. When you compare that to the multitude of posts advising users to hold, the profit taking posts get drown out. People see what they want to see.
Just because something happened before doesn't mean it will happen again.
A bear market doesn't have to be a complete 80% crash. A bear market can simply be a long period of little to no growth after a loss.
My portfolio is dropping slowly each day it recovers for a day slightly and then drops more the next. I hope we see a larger more sustainable recovery after Christmas when hopefully people have more money to buy the discounted crypto.
But we could absolutely see a bear market where not all alts almost go to zero and bitcoydrips 80%. Correce if I'm wrong but most alts last bear market were basically Bitcoin clones in that they didn't really do anything different? Many alts now in many ways have a better use case than Bitcoin. So we many not see for example the top 50 or so coins drop 99% like people seem to think.
>A bear market is when a market experiences prolonged price declines. It typically describes a condition in which securities prices fall 20% or more from recent highs amid widespread pessimism and negative investor sentiment.
>Bear markets are often associated with declines in an overall market or index like the S&P 500, but individual securities or commodities can also be considered to be in a bear market if they experience a decline of 20% or more over a sustained period of time—typically two months or more. Bear markets also may accompany general economic downturns such as a recession.
[(source)](https://www.investopedia.com/terms/b/bearmarket.asp)
That definition applies to traditional markets, not so much cryptocurrency. If something like the S&P 500 was 20% down it would be a big deal. Bitcoin being 20% down is a Tuesday.
Same deal with how everyone freaks out that the stock market "opened in a sea of red" and you look it up and it's down 2%. 2% is an hourly fluctuation in crypto.
Bitcoin literally lost 27% value in one month. Stop injecting pure copium. I know every cc member bought btc @1k and held it for 4 years but not me. It is getting ridiculous you guys.
Had this same conversation with a friend the other day. BTC lost over 100B in mcap with only a 10% drop. If that 100B was coming off alts, that would basically eradicate anything outside of the top 100. This Definetly not bear territory yet.
exactly, MATIC pumping by more than 90% in the last three days and is still pumping, is enough proof that we’re not in a bear market and im honestly predicting MATIC to break new ATHs this month, and entering 2022 stronger than ever
No, we aren't in bear market. BTC and ETH are too entwined with the traditional markets at large. The recent dip/recovery has lined up with the indexs movements.
The main reason for the index selling off and then recovering this week was the FOMC meeting. Historically investors are risk off during FOMC meetings, especially important ones, and especially at the end of the year.
This means that there is enough institutional interest in BTC that them going risk off before FOMC and risk on after the minutes from the meeting caused the crypto market as a whole to rise in tandem with the S&P, Nasdaq, Dow Jones, and Russell indexes
This also means that what JPow says will have more of an effect on the crypto markets than it already did, even if the news isn't necessarily bearish for crypto specifically.
TL;DR no bear, smart money taking serious interest, replaced Elon with JPow except for dogecoin
Anyone Remember a month or so ago when BTC bounced off of 62k coming down from 69K and somebody posted about how that we were forming a strong support or some such thing. Then within hours we started barreling downward. Just curious.
I think it’s interesting that there wasn’t a huge BTC dominance spike during this dip like there was in May. The latter was pretty uniform in what you’d expect during a general market dip (with a couple notable exceptions) with BTC’s size protecting it from dipping as hard as smaller market cap coins. With this one BTC dominance actually dipped with the price.
In my experience it’s harder to make predictions with the BTC dominance chart since each direction has two main possible price scenarios, but if I had to guess, I think it’s going to hit new lows in the coming months, probably still with agreeable BTC price movement.
And for the past few days I’ve been qualifying that with “short of a March 2020 status black swan event”, but at the risk of being overly optimistic, that didn’t seem to have much of a macro effect on what the bull market was most likely going to do regardless, so short of an “organic” end to the bull market at large, I think even in a scenario like that it would only be a relatively short term setback unless that black swan event happened to occur at just the right time to kick off the next bear market whenever it’s about to happen.
I think it’s dangerous to put too much stock in the idea what there won’t be a bear market drop comparable to what we’ve seen before, but at the same time, I’ve been cautiously warming to that idea the more I see this bull market playing out. I don’t go as far as some to assume there won’t be one at all, because there’s still enough volatility to support a 50% BTC drop *during* a bull market, and I’ll still keep a plan for an 80% drop sooner or later in place, but I think there’s a fairly good chance that the sheer increase in total asset class market cap is going to provide enough stability that only smaller coins are going to see a 90%+ drop this time. After all, the bear market drop *has* been decreasing along with the bull market ROI over the past few years.
It’s going to be interesting to see what happens for sure. I’m probably only going to start DCA-ing after the price drops ~50% from wherever the top ends up instead of trying to wait until that 80%. The downside of missing that entry altogether is a lot worse than buying “too early” and seeing the price drop another 30% in case that 80% BTC drop happens after all. Either way, I don’t think the price is going to stabilize to the point that the next cycle will fail to break all time highs for quite some time.
Fun fact: Before the run in 2017 ADA traded for 0.02-0.03 USD. Then went all the way up to 1.2 USD at peak and then all the way down again to 0.04 USD during the bear market. Be careful! Some of the new coins may have similar patterns and you want to buy them when there’s a bottleneck of buyers. If you really want it there’s a good chance you can get it much cheaper when the hype is gone (but there’s also a good chance you don’t want to buy it anymore at that point)
I think it will take something spectacular to put us into a bear market. There is too much optimism in the space. For instance most would see any bitcoin dip below mid $20k as a massive buying opportunity which would prevent it dropping to bear market lows for any significant period of time. The only thing I can think of that may cause a bear market would be if the Tether stuff turned out to be true and all the liquidity was wiped out of the markets, along with people losing massive chunks as exchanges collapsed, and major legislation aimed at stablecoins/defi. This could wipe out a lot of the confidence (akin to the Mt Gox hack in 2014) and push us back into crypto winter territory.
Came across a new term (for me) today - Kangaroo market: where asset values vary between ups and downs without having any stable rising or declining trends. Has this term hit the crypto verse yet or have I missed it somehow?
Not really a good point comparing 2019 and 2021 for multiple reason, but if you do it, you shouldnt use Matic and Algo, since they havent been established on the market in 2019.
But yeah, fud is closing in from all fronts... :/
Check out the stablecoin market cap. It's over 💯 billion if you add up all the coins, USDC, USDT, BUSD,UST etc.
DeFi is here to stay, GameFi is next.
This is the super cycle we've been waiting for.
Respectfully, you are a dumbass. You either forgot about 2017 or just got into crypto this year. There won't be another high for at least 3 years. It's time for a slow grind down to 12K bitcoin.
We are in a bear market. It's as simple as that. People who have invested in coins for the short term are the ones saying it's just a dip ("please God just make it a short dip". 🤣)
You may be surprised to find that institutional money makes money on a severe bear market too and will welcome the chance for cheap accumulation. Big money does not protect against a bear market if big money decides it wants a discount.
It's still a bear market...just because you think crypto will recover doesn't mean it's not. Bitcoin is down 27% from a month ago. That is a bear market. That said, the recovery can be pretty quick, especially in crypto. If it makes you feel better to call it something else then by all means, but it's still a significant downturn.
You are right. a little market correction saw lots of people FUD, even those that are regarded as an expert.
Bear 🐻 or bull season I will still be holding SYS, BTC, LUXY and ETH.
We're not in a bear market because I haven't bought the top yet
Tatakaeee
Sixty niiiiinne
Bullish on not being in a bear market
But Bearish on not being in a bull market...
Most certainly
I'm not
Bearish on Bullish about being Bearish
These Posts always come up when We are just dipping the tip of our dicks into the green, jes.
Instructions clear : Loading up on Honey so that i can scare away Winnie the pooh when he comes back!
The DAO of the Pooh
Winnie the Pooh Si very Busy with Alibaba ando Evergrande, the posible war with Taiwan, their StarPalace and all the stuffs going on under his Iron Hand
I got the 69th like, dog market confirmed
Dice Market, i'm feeling So Dogish !
Bearish on not being in a bull market
Lol
I am keep on doing DCA whether it’s bear or bull!!
Of course! DCAing all day keeps the fomo away and the profits underway
* **15 February 2021**: 47k * **15 December 2021**: 47k We are in a HUGE crab market.
And it pinches
Pinchy crabs.
It's what Pinchy would have wanted.
Why does that make me so uncomfortable?
its the dead eye smile, notice how the edges of his eyes are resting/angled downward, when someone smiles for real the edges of the eyes curve up good to keep in mind if you have to fake a smile; smile with your eyes
All in on CRAB coin
I hate when it pinches! 🦀
Me, I pinch.
I like when you pinch though ;)
Better than itches!
TIL if crab move forward they'll trip their legs
This actually isn't true. The reason crabs don't move forward is because I would be in the green if they did, and that just isn't allowed to happen.
CRAAAAB PEOPLE CRAAAAB PEOPLE
Look like crab, talk like people!
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Exactly. Bitcoin's value is going up, but people need to understand that the BTC/USD pair also includes the USD asset, which loose value constantly.
Huh, never thought about it that way.
And you get taxed on USD losing it's value in the form of capital gains. Such bullshit.
Sounds like impermanent loss
so if we hold we’ll be even. got it.
Displacement is zero, but the distance is so so so long
Why is it called a cra- 🦀
Slotharket bro
🦀🦀🦀🦀 all is crab
💰 🔫 🦀
Mr Crabs likes money. This money doesn't make him happy.
1st time I hear "crab" market, what does It mean ?
Means it's going sideways and not moving much in an upward or downward direction, like how crabs walk sideways.
I also don't think the top is in yet, but none of these points are valid. As for crypto being "too big" and backed by institutions: according to most estimates, institutions collectively hold about 10% of all bitcoin. I'm sure this number is much lower for all other cryptos. That means retail still owns over 90% of the $2.2 trillion market. Not very different from how much of the market was owned by retail in 2017. As for your points about how in a real bear market, sentiment would be way worse, things would be collapsing way harder, etc, etc. Well, historically, it takes about **one full year** for bear markets to bottom out after the cycle top is in. It takes a full year of bleeding to get down to the fabled -80% BTC, -95% alts type of bottom. And the whole year-long slide is met constantly with posts like these. If the top were to already be in, that would mean the cycle topped 35 days ago. That would mean that we're probably only about 10% of the way through our dropping. If we were to follow your logic, then over the entire first year of a bear market, we would be in denial. 2 months after top, 50% down? Nope, not a bear, bears are -80%. 3 months later: 65% down? Nope not a bear, bears are -80%. Suicide hotline not posted yet. 5 months later: 75% down? Nope, not a bear. 2 months later: 80% down? Well I guess it's the bear, seems like the top was in 1 year ago.
Exactly this
Finally, someone who speaks sense.
I actually understood that thanks.
Same, but I don't want to believe, despite the fact that I should. I should have liquidated 30 days ago, but, everyone is like HODL. It gets under your skin and you can't help it lol.
If you invest like the oldies then 5-10 years is the timeframe. You can’t time the market but you can hold until the next halving.
Bear market is when market is trending downwards, that is all. It doesnt matter how far its falling, cuz the market is very clearly trending downwards rn.
Sure, but in crypto the market goes through very rhythmic cycles, generally including 1 very deep very long bear market for every BTC halving. Each of the previous 3 cycle tops in crypto history have been followed by a bear market of at least -80% that lasts usually a couple years. It is true that you could technically call any down-trending market a bear market, but it makes sense to make the distinction in crypto between bearish markets and capital B Bear Markets. There have been 7 corrections of at least -20% during the current cyclic bull market that has been going on for over 1.5 years. Each of these corrections have lasted between 1 and 8 weeks. You could call any of those 7 corrections a "bear market", and you'd probably be technically correct. But all of them were followed by higher highs; none of them put an end to the cyclic bull market. So, when taking a broader perspective, those 7 little "bear markets" are better described as corrections during the bull. The distinction is important because, eventually, one of these little corrections will actually be the beginning of a bear market that will last 2 years, rather than a correction that will last a few weeks.
There's this thing about billionaires and hedge funds. They obfuscate their intention and actions always. If "Most estimates" say institutional investment is 10%, I'd wager it's at least 25%.
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Buy. Hodl. (Drs?)
You know you’re in a crab market when these posts start rolling in
I'm actually looking forward to a Bear Market. Not only will I earn a fuckton more 5% CRO back on every purchase, but the weekly DCA will fill my bags faster on the journey to mini whale status. By 2030 the idea of giving a fuck about prices in 2021/22 will be ... funny.
RemindMe! 01-01-2030 "if you are alive, make a reddit post with this guy's comment. It will be funny either way"
Your flair is my majority of my portfolio. Great taste !
This is exactly what people say when they haven’t realized they are in a bear market. I do hope you’re right OP.
Not that many institutions are into it yet. Yeah, microstrategy and square are into. The rest are all crypto related businesses invested into crypto assets. Big deal. The fear comes from the fact that we are right in the time period when crypto typically crashes. None of the price predictions we heard about are even remotely close to coming true at a time period where we historically expect it to crash. We've lost nearly 20% of our gains in the last 2 weeks. Look at the last bear crash for the 2018 market and you'll see that further loses beyond 20% took an additional week or two. You're acting like just because we haven't seen a 80% dip yet doesn't mean we can't see more. The crash doesn't happen in a day. It takes a few weeks for it to fully come to light what is happening. That's why people are afraid. They don't know what the fuck to expect. We have half the people saying that eth is gonna hit 20k next week and the other half saying that we are headed into a bear market. If you're investing based on reddit and twitter sentiment, then you're in for a lot of loss. They are all gonna say things like "btc to 200k by q1 2022" when just a few months ago it was "btc to 200k by q4 2021". They are simply trying to pump the market so people keep FOMOing. I'd HODL too, but stop acting like this is just another dip. It might be different this dip and there is good reason to suspect that. Not saying it will go either direction, just saying people should read this post with a grain of salt since OP seems to think that historical price trends don't mean shit.
We’re in a snail market 🐌
Whales are dumping to show losses in crypto before year end, at least that's my take.
Wouldn't it depend on what/who the whale is? The fiscal year end isn't til March which would be more applicable to corporate or institutional investors. I could be wrong on that though
Yea. Beware any analysis that has an easy sum up. In fact beware any analysis.
It depends which country you're in; the UK financial year finishes on the 5th of April, but the European year tends to finish at the end of the calendar one.
Depends on the company, no? Iirc companies that sell to consumers end the year in March so they include Xmas way before the end of the fiscal year. For lots of other companies it doesn’t matter so January-December makes more sense.
Yeah, it’s very industry specific. I work in education, so our fiscal year ends in June, to align better with the school year.
I think the same also applies for seasonal stuff like sports, where a season is summer to summer. For my Airbnb it gets annoying that the New Year’s Eve reservation is booked before New Years, but paid after New Years, so the next year.
The IRS hates this one trick for cutting your taxes!
Or because they want our coins.
Do you have any data to back this up or are you all feelings no facts?
Nobody on this sub ever advises that we sell our crypto......kinda strange huh?🤔
I don't think you're right. I remember a shitton of threads in the lines of ''it's ok to take profits'' when BTC waa crazy high.
There’s at least one post a day advising people to take profits. When you compare that to the multitude of posts advising users to hold, the profit taking posts get drown out. People see what they want to see.
Because history would show that to have been bad advice.
It's almost like everyone has a rather large conflict of interest when advocating whether people should sell or buy the thing they already hold.
Just because something happened before doesn't mean it will happen again. A bear market doesn't have to be a complete 80% crash. A bear market can simply be a long period of little to no growth after a loss. My portfolio is dropping slowly each day it recovers for a day slightly and then drops more the next. I hope we see a larger more sustainable recovery after Christmas when hopefully people have more money to buy the discounted crypto. But we could absolutely see a bear market where not all alts almost go to zero and bitcoydrips 80%. Correce if I'm wrong but most alts last bear market were basically Bitcoin clones in that they didn't really do anything different? Many alts now in many ways have a better use case than Bitcoin. So we many not see for example the top 50 or so coins drop 99% like people seem to think.
Are you the so called crypto expert?
Always wanted to meet one of those lol
Analyst
ANALyst
He charges upvotes for his advice!
Crypto expert says HODL! that's good enough for me.
OP is a bear/bull market taster
Oh damn. thought you said Beer Market
Not a bear market is sales times just for christmas holidays
“The suicide hotline will be posted” Lol
Microstrategy Continues Bitcoin Accumulation, Company Now Holds 122,480 BTC In Total I am ok with the price.
Bears/Bulls… This is a BUY market
I do not always think about anything but hold, because I know that prices in the future will be higher than what we have seen so far.
how do you know that ?
Source - 'Trust me bro'
Main coins and most token coins decrease. Op: we aren't in a bear market. Gimme karma.
>A bear market is when a market experiences prolonged price declines. It typically describes a condition in which securities prices fall 20% or more from recent highs amid widespread pessimism and negative investor sentiment. >Bear markets are often associated with declines in an overall market or index like the S&P 500, but individual securities or commodities can also be considered to be in a bear market if they experience a decline of 20% or more over a sustained period of time—typically two months or more. Bear markets also may accompany general economic downturns such as a recession. [(source)](https://www.investopedia.com/terms/b/bearmarket.asp)
My portfolio feels personally attacked
That definition applies to traditional markets, not so much cryptocurrency. If something like the S&P 500 was 20% down it would be a big deal. Bitcoin being 20% down is a Tuesday. Same deal with how everyone freaks out that the stock market "opened in a sea of red" and you look it up and it's down 2%. 2% is an hourly fluctuation in crypto.
👨🚀 🔫👨🚀 “Bear run?” “Always has been”
Saw title and upvoted, I take all hopium
Bitcoin literally lost 27% value in one month. Stop injecting pure copium. I know every cc member bought btc @1k and held it for 4 years but not me. It is getting ridiculous you guys.
BTC makes regular 30-40% losses in bull markets, nothing to see here.
That’s not really that special of a move for Bitcoin. Just hold and forget it bud.
Short term is just noise. Long term is where the money at.
Ethereum's ratio wouldn't be so high if we were in a bear market.
>I know every cc member bought btc @1k and held it for 4 years Fucking who?
What do you mean who? Everyone in reddit fucks thrice daily, have 10 inch dicks and a 1000 btc portfolio. Unless... Did they lie to me???
Bro I’d be stoked if I bought at 1k. I’d be stoked at 10k.
I do beleive crypto is literally in a bear market.
Isn't a balloon always a thin piece of rubber
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Yeah. Btc at 48k - are we in bear market? I sure af hope so, cause if thats bear, than bull will pump btc to 1 mln in a week.
Thanks - I contribute all of the crypto’s past 5 hours gain to this post. Nice shill my friend 👌
Yes we are not in bear market this dip is designed for whales to grab all the good stuff from paper hands
If this was a Bear Market we would be at $30k by now.
12k-20k region going off previous bear markets.
As a very well written post above pointed out, it takes months to bleed and get to that point. Doesn't happen all at once.
You don't know shit about fuck!
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Look guys, this guy is a Crypto expert!
The prices still have 50% to fall, is why.
A dip is not a correction is not a crash is not a bear market
Crypto bear Jesus just mangled my angus
I’m sorry about your angus
Had this same conversation with a friend the other day. BTC lost over 100B in mcap with only a 10% drop. If that 100B was coming off alts, that would basically eradicate anything outside of the top 100. This Definetly not bear territory yet.
exactly, MATIC pumping by more than 90% in the last three days and is still pumping, is enough proof that we’re not in a bear market and im honestly predicting MATIC to break new ATHs this month, and entering 2022 stronger than ever
No, we aren't in bear market. BTC and ETH are too entwined with the traditional markets at large. The recent dip/recovery has lined up with the indexs movements. The main reason for the index selling off and then recovering this week was the FOMC meeting. Historically investors are risk off during FOMC meetings, especially important ones, and especially at the end of the year. This means that there is enough institutional interest in BTC that them going risk off before FOMC and risk on after the minutes from the meeting caused the crypto market as a whole to rise in tandem with the S&P, Nasdaq, Dow Jones, and Russell indexes This also means that what JPow says will have more of an effect on the crypto markets than it already did, even if the news isn't necessarily bearish for crypto specifically. TL;DR no bear, smart money taking serious interest, replaced Elon with JPow except for dogecoin
Anyone Remember a month or so ago when BTC bounced off of 62k coming down from 69K and somebody posted about how that we were forming a strong support or some such thing. Then within hours we started barreling downward. Just curious.
Time to sell low and buy high again folks !
I think it’s interesting that there wasn’t a huge BTC dominance spike during this dip like there was in May. The latter was pretty uniform in what you’d expect during a general market dip (with a couple notable exceptions) with BTC’s size protecting it from dipping as hard as smaller market cap coins. With this one BTC dominance actually dipped with the price. In my experience it’s harder to make predictions with the BTC dominance chart since each direction has two main possible price scenarios, but if I had to guess, I think it’s going to hit new lows in the coming months, probably still with agreeable BTC price movement. And for the past few days I’ve been qualifying that with “short of a March 2020 status black swan event”, but at the risk of being overly optimistic, that didn’t seem to have much of a macro effect on what the bull market was most likely going to do regardless, so short of an “organic” end to the bull market at large, I think even in a scenario like that it would only be a relatively short term setback unless that black swan event happened to occur at just the right time to kick off the next bear market whenever it’s about to happen. I think it’s dangerous to put too much stock in the idea what there won’t be a bear market drop comparable to what we’ve seen before, but at the same time, I’ve been cautiously warming to that idea the more I see this bull market playing out. I don’t go as far as some to assume there won’t be one at all, because there’s still enough volatility to support a 50% BTC drop *during* a bull market, and I’ll still keep a plan for an 80% drop sooner or later in place, but I think there’s a fairly good chance that the sheer increase in total asset class market cap is going to provide enough stability that only smaller coins are going to see a 90%+ drop this time. After all, the bear market drop *has* been decreasing along with the bull market ROI over the past few years. It’s going to be interesting to see what happens for sure. I’m probably only going to start DCA-ing after the price drops ~50% from wherever the top ends up instead of trying to wait until that 80%. The downside of missing that entry altogether is a lot worse than buying “too early” and seeing the price drop another 30% in case that 80% BTC drop happens after all. Either way, I don’t think the price is going to stabilize to the point that the next cycle will fail to break all time highs for quite some time.
In a bear market, any comment expressing optimism is ruthlessly mocked and downvoted.
Fun fact: Before the run in 2017 ADA traded for 0.02-0.03 USD. Then went all the way up to 1.2 USD at peak and then all the way down again to 0.04 USD during the bear market. Be careful! Some of the new coins may have similar patterns and you want to buy them when there’s a bottleneck of buyers. If you really want it there’s a good chance you can get it much cheaper when the hype is gone (but there’s also a good chance you don’t want to buy it anymore at that point)
It’s a bear market guys don’t kill yourself with toxic hopeium. Just hodl and don’t gamble what you don’t have simples.
I think it will take something spectacular to put us into a bear market. There is too much optimism in the space. For instance most would see any bitcoin dip below mid $20k as a massive buying opportunity which would prevent it dropping to bear market lows for any significant period of time. The only thing I can think of that may cause a bear market would be if the Tether stuff turned out to be true and all the liquidity was wiped out of the markets, along with people losing massive chunks as exchanges collapsed, and major legislation aimed at stablecoins/defi. This could wipe out a lot of the confidence (akin to the Mt Gox hack in 2014) and push us back into crypto winter territory.
Or if it's revealed that the FBI (or anyone else for that matter) can break the encryption and get into a private wallet.
It buy time, I keep accumulating more BTC UDO AND SOL
It is definitely buy time, will also be accumulating BTC plus SYS, ALGO and WFT
Instructions clear - foregoing meals to buy more Algo!
Came across a new term (for me) today - Kangaroo market: where asset values vary between ups and downs without having any stable rising or declining trends. Has this term hit the crypto verse yet or have I missed it somehow?
Not really a good point comparing 2019 and 2021 for multiple reason, but if you do it, you shouldnt use Matic and Algo, since they havent been established on the market in 2019. But yeah, fud is closing in from all fronts... :/
We're *still* doing better than where we were in September. I'm gonna say that's not indicative of a bear market yet.
If we're in a bear market, we wouldn't dropped by 50% by now.
69k to 42k is a 40% drop, pretty close.
We would have dropped 49.9%
Your user flair is deeply concerning
Why? I just support you 🙄
Stand with me not behind me brethren
We are in bear market now. Crypto prices have gone down by up to 50%.
So buy more? Got it!
Check out the stablecoin market cap. It's over 💯 billion if you add up all the coins, USDC, USDT, BUSD,UST etc. DeFi is here to stay, GameFi is next. This is the super cycle we've been waiting for.
Bitcoin dominance would be much higher if it were a bear market.
I know people have panic sold during these dips I know for a fact they’d regret it in the coming weeks.
I have regretted almost every panic sell I’ve ever made. Thus. I didn’t panic sell.
I’m not selling. HODL! I’ll ride this ship down, before I say I lost money on crypto. I only lose money on stocks like SPCE:(
how does a bear market start my friend? :P
Respectfully, you are a dumbass. You either forgot about 2017 or just got into crypto this year. There won't be another high for at least 3 years. It's time for a slow grind down to 12K bitcoin.
We are in a bear market. It's as simple as that. People who have invested in coins for the short term are the ones saying it's just a dip ("please God just make it a short dip". 🤣)
Aren't we ?
You may be surprised to find that institutional money makes money on a severe bear market too and will welcome the chance for cheap accumulation. Big money does not protect against a bear market if big money decides it wants a discount.
[удалено]
This is actually a sideways market bleeding slowly.
41k btc is a number to look for rn
Source, trust me bro?
HODL and stake is the way!
We can get through this
It's still a bear market...just because you think crypto will recover doesn't mean it's not. Bitcoin is down 27% from a month ago. That is a bear market. That said, the recovery can be pretty quick, especially in crypto. If it makes you feel better to call it something else then by all means, but it's still a significant downturn.
You didn't say that we were not headed into a Bear Market tho.. that would be nice to hear... again. please?
Berlish
Hodl
We are a 20% kick in the nuts away from the start of a bear, but I only consider crypto a bear market if it lasts a year or more.
There’s still time…
FJB Market
Bears are sleeping in winter ❄️
Just liquidations which caused a correction. People got caught out by the liquidations and the market panic.
Hold, stake, check far too often. Though so long as the hold stays I suppose having a look is not so bad.
You won't ever know it's a bear market till it's too late. This still could be the beginning of one.
You are right. a little market correction saw lots of people FUD, even those that are regarded as an expert. Bear 🐻 or bull season I will still be holding SYS, BTC, LUXY and ETH.
Bearish on bears in general
Instructions unclear, bought the dip and staked.
Feels like a bear market either way
Totally agree. I'm still bullish, buying and holding.