Are we in a bear or bull market right now?

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maxbridgeFull Member
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#1Sep 28, 2017, 04:11 PM
Right now, Bitcoin's hanging around $87K, which is a drop of over 28% from its all-time high of $126K. People are debating whether we’ve entered a bear market or if we’re just experiencing a temporary dip in a bullish trend. Honestly, I, along with a few others, still believe we’re in a bull market, and I think Bitcoin's gonna hit a new all-time high before we eventually face a bear market next year. So, are we still holding onto that hope that we’re in a bull phase? I feel like I’m hearing less and less optimism from fellow believers lately.
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humblebossFull Member
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#2Sep 28, 2017, 05:54 PM
Currently trading at 90K which is still clinging on this support. In short term the price is obviously bearish and this might continue to few months. But we should remember that Bitcoin price always recovers after a sharp correction. We experienced worst scenario than this multiple times in the past but Bitcoin always overcome the FUD, now that there’s no real FUD I believe this correction will just passed and nothing to be worried. This correction is already anticipated for long term growth of Bitcoin.
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CyberTokenSenior Member
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#3Sep 28, 2017, 06:32 PM
I'm bullish as always. I was bullish in March when we fell to 75k, so why wouldn't I be bullish at 90k?   Remember that in 2021 we fell 50% from 60 to 30k and the bull market continued and we made new highs on the same year! It's crazy that so many people believe this to be the end of the bull market even though bitcoin is still higher than it was in March and April of this year. Why wasn't that correction the end, but this one is? I have only one thing to say to you all. Get bitcoin while you still can, because next year on this day it's going to be more expensive.
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darkviperFull Member
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#4Sep 29, 2017, 03:47 AM
I think we should be worrying less about bitcoin price and focused on accumulation, again if you have already bagged the volume you needed or wanted for this little time being you should just rest and keep watching the market to see the next reaction. However, when you look at the market I still say that it is still bullish because judging from the last market or last year October which was around 64k or even 60k, we can still say that the market is still in uptrend, and till it is confirmed that price has dropped to 64k then we can panicking about bear market but currently we should be hopeful, although for those who ventured the market at 126k with the hope that it would creates another ATH could be currently on a massive dip or even regretting why they jumped into the market.
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nickprotoFull Member
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#5Oct 1, 2017, 11:53 AM
I'm not sure that sentiment is going to age well. Not that I'm selling my long term stash anytime soon (unless to realise gains for tax reasons if we drop sharply). I've just drawn a very long diagonal on my chart from the 10th of this month that seems to have only been crossed a couple of times. I think that's something that needs to see an upwards break with a decision or some stagnation before we start to go back up. These sorts of patterns are usually how bear markets start but can also just be a mark of capitulation too.
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sat_2018Senior Member
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#6Oct 1, 2017, 02:46 PM
You want ATH before year end from this low, you dont ask much do you    Theres barely any proper trading days left to rush that through, why should it happen especially why not just settle for a regain and level settle and then a rise. We can get ATH in the few days left but I actually think its far more healthy to wait, spread out the price action and consolidate basically.   To answer bull or bear if I had to choose then its bull.   Simple reasoning and its a finger wide hold to climb off of but its there if BTC daily bar closes 94111 or higher roughly speaking then its a failure to the downside or ironically a bullish take is possible.     Its sitting at the bottom and requires far more every day from here out to get higher by year end.   Improbable but not impossible.
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leo42Full Member
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#7Oct 1, 2017, 06:34 PM
The writing is on the wall, I'm afraid we are entering the bear season. It was pretty unexpected. I was looking forward to a great holiday season with Bitcoin possibly hitting the $150k. This is how volatile the market is: you really don't know what's going to happen next or what these whales will do. We all thought that they would keep holding, but the profit is just too hard to ignore for them. Anyway, another opened up for another round of DCA strategy.
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hodler2019Legendary
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#8Oct 2, 2017, 12:41 PM
by the technical definition this is a correction. To be bear -20% from the all-time high for over 2 months. on Nov 13th we  20% as we were under 100.8k so add 2 months and you get Jan 13th so we turn from correction to bear if we do not jump up over 101k only time will tell. But as of the 19th the bear is 1 day closer than yesterday.
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bridge23Full Member
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#9Oct 2, 2017, 04:07 PM
Surely we are still in the Bull but at a time I was equally confused wether to believe in what majority are saying about Bitcoin going to bear season. But with many comment here it has given me hope that we are still in the Bull, but nevertheless I am not yet convinced because looking at Bitcoin history, early this year Bitcoin was way below this $70k range and we didn't expect to see $100k but we even saw it around $126k before dropping to this point, where I am concerned is that those massive pump was as a result of trump statement and Bitcoin ETF but now everything has stabilized where there are no rumors that will drive a massive adoption. Instead people are becoming afraid of Bitcoin going to bear leading to panic of selling at any slight dip. I believe that we are in bull run but yet Bitcoin may not grow as fast as it was again except there is a propelling force that will lead to massive adoption, making demand to rise above supply. So invariably at this point I am afraid we might be approaching bear season.
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gwei100Full Member
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#10Oct 2, 2017, 09:38 PM
The market trend is still in a volatile phase, despite a lot of seemingly good news that hasn't been priced in. The general picture aligns with what philipma1957 said: "Technically, this is a correction, although many people are calling for a lower low, and others are pointing to a repeat of the bear market." But, I believe that once all this chaos subsides, BTC will quickly position itself positively as selling pressure subsides. This will be evident in the mass buying activity and the turnover of old wallets. Many have sold their assets in panic, creating new demand. Of course, understanding key levels, liquidation-prone areas, and the right momentum is crucial to avoid this.
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boss_wizardSenior Member
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#11Oct 3, 2017, 01:38 AM
I'm on the still bull run side. There are always increase of doomers at time like this, they said the same thing when bitcoin was touching $18k previous bearish bottom, they said the same thing when bitcoin dumped after it reaches previous bullrun ATH. They are saying the same thing now. What I've learnt so far is that the market turn bullish at the time least expected by anyone and current price action could very well be that.
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max_atlasSenior Member
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#12Oct 3, 2017, 07:25 AM
We are not sure if the bear market will really come, but the price drop could trigger it. But no matter if the bear market comes right now, we should not panic and run our plan to accumulate more and wait for the bull market to come. Too many scenarios you may see and that confuse you. You should analyze by yourself to see what happens. We still hope we are in a bull market, even though prices are dropping. But we should be ready for anything that may happen. But we must not panic and calm down because that is the key to seeing the chance to benefit from the current situation.
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calmaltFull Member
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#13Oct 3, 2017, 07:36 AM
Obviously we are not in bull run but you can have investment plans that can help you invest in bitcoin at anytime that you want. Having a good investment plan is what that is very important. Bitcoin has just increased from $88909 to $93000 but I do not think we are still in bull market. The bull has likely been over is what that I think, so I will not surprise to see bitcoin at lower prices again.
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moon420Member
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#14Oct 3, 2017, 12:44 PM
Currently Bitcoin still decline break out above $100k and yesterday almost break $95k but get failure before dumping under $89k, however I am optimistic and in the bullish moment indeed many people predicting bitcoin have the same cycle such as 2021 after break out higher price and dump drastically. Optimistic with bitcoin will entry at bullish moment exactly the end of year usually many people interested to buy bitcoin and nowadays many top company until most high influence person are investing in bitcoin. Most of bitcoin holder buy back bitcoin during above $100k and believing they won't sell with current price of bitcoin, optimistic bitcoin will recovery although not quite faster how bitcoin break new ATH $125k last two months. If bitcoin not decline break to $100k I think easily return back to higher price and possibility break another new ATH price.
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ledger_protoFull Member
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#15Oct 3, 2017, 05:01 PM
I'm not saying the bull run is over, because I don't know what's coming next. But do you know why Bitcoin can grow again after falling more than 50% in 2021? That's because the government has pumped a lot of money into the economy because of the covid pandemic and the market has benefited from that. Do you think the same thing will happen next year? I don't think the Fed will do QE anytime soon. Similarly, prices fell in March due to Trump's unexpected trade war and then recovered thanks to the trade deal. But with the current situation, the economy remains quite sluggish and is deteriorating further, causing investment demand to decrease significantly and ETF cash flow clearly shows that. So, it is not wrong to maintain an optimistic attitude and faith in the market, but it is quite risky to be subjective and not have a backup plan.
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r3al_b3arMember
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#16Oct 3, 2017, 08:45 PM
I believe that bitcoin is always in a moment of correction or recovery and for me this is not just a bigger correction number but this is an opportunity that people should take advantage of to accumulate bitcoin. It is possible that we will see ATH before the turn of the year and perhaps no one can guarantee accuracy so what is needed is how this can be a hope that can be exploited. Thinking that this is the end of the bull market even though Bitcoin is still higher in the next month is a mistake because if you look at the movement we can see that the market can change so quickly with sentiment or not. There is no need to worry too much because I am sure we will always see moments like this in the market and if you can be calm in facing situations like this then we will be the winners.
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kevincoinFull Member
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#17Oct 3, 2017, 09:09 PM
The current situation is still between bullish and bearish in an unstable situation, we cannot make a hasty decision yet, we need to monitor it for a longer time even though there is a lot of news circulating about speculation about Bitcoin's increase reaching its highest point or ATH before the end of 2025. Bitcoin is currently rising again, trading at around $93,000, this is a correction before the price goes back past $100,000, this concern must be watched out for Bitcoin which may reach $150 thousand in the future.
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laser_2011Full Member
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#18Oct 5, 2017, 06:15 PM
Nothing is quite sure with bitcoin, at the long term it is looking bearish but like always it is volatile move up and down. It depends on the perspective we have of bullish and bearish season. If the price if a product crashes by 50%, that's a lot of different there and should be seen as a serious crash for hodlers from top and a whole lot of profit for futures traders who spotted the sell. I don't know of a trader losing 50% of his or her capital and yet without frowning or angry for that loss. But the good thing about bitcoin is that at a point, it will regain the losses. What is the point waiting for that losses when you would have gained by taking out profit and wait for refilling of your wallet. I believe that if a coin losses such amount in percentage, it is definitely went down and what is recession? Hard times for the people and lack of investment. At the moment, bitcoin has gone down about 25% / 30% and few have cashed out. If I could really determine the range that the fall will get to   cashing out is the better investment while waiting to buy from buttom.
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ColdBossFull Member
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#19Oct 6, 2017, 03:26 AM
The difference between 2021 and now is mainly about how much liquidity is in the system during the covid period the economy was flooded with cash the government printed trillions through qe stimulus checks were rolling out and investors had easy access to cheap money all that extra liquidity ended up inflating asset prices including bitcoin stocks and property but right now the situation is completely different inflation is still high interest rates are tight and the fed doesn’t seem ready to print again anytime soon which means there isn’t enough money flow to drive another huge rally just yet. Bitcoin’s long term strength hasn’t changed though adoption continues to grow the halving is close and demand will likely rise again over time while this short term slowdown feels heavy it’s more like a natural cooling phase after months of growth staying bullish in the long view still makes sense the idea is to prepare for multiple outcomes and not rely only on one direction. Believing in Bitcoin’s long term future is reasonable but it should be mixed with patience and discipline building positions slowly while watching for broader economic signals helps avoid panic when corrections come the cycle might take longer to unfold but the structure that drives bitcoin upward hasn’t disappeared.
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cipher_lynxSenior Member
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#20Oct 6, 2017, 03:51 AM
The opposite can also happen, mate. The market can also turn bearish and enter a bear market at the time least expected by anyone. This is commonly seen in most bull cycles like 2017 or 2021, where people ignore the bitcoin drop and believe it is just a short-term correction. While many are still intoxicated with the belief that the bull run is not over yet and are determined not to sell their bitcoins, the bear market has already been underway for some time. Many people have shifted from being in profit to being in loss, and many have become reluctant longterm holders because of their overly optimistic. Anything can happen.
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