I am not sure what is needed to officially announce the bear market but I believe we are already in the middle of it.
In traditional markets, some say that a bear market is indicated when a 20% price drop occurs within a 60-day period. This downturn is typically the result of investor pessimism related to a loss of confidence in the overall performance of the market prices.
Bitcoin held up nicely between $42-45k but fell now to $39k. As you all would know Bitcoin reached its ath not too long ago of $69k.
So I am not sure what we are waiting for, do we need a crypto VIP to tell us that the crypto winter has started?
47 thoughts on “The highs are getting lower and the dips too”
The fact that growth companies are down 40-80%, indexes are tanking, there is threat of war, inflation, rising rates, etc and BTC is holding up this well is incredible. Institutions aren’t going to allow this asset to be bought on the cheap by retail, IMO.
One thing that people don’t consider enough is how much investors love commodities. Why? Because they don’t have typical operating costs, they don’t report earnings, they don’t have a CEO. That is powerful stuff. BTC is that, and also has the benefit of having a pre-determined supply. It’s going to be more stable going forward, and highly attractive to both retail and institutions.
I think people should take a hard look at how well it has held up in this extremely bearish environment. If things begin to turn, ie: Russia/Ukraine deescalation, CPI cooling down, Fed’s inability to raise rates as high as needed, etc, then we would likely see a pretty nice bump in BTC and markets across the board. If not, there is always next year, the year after, the year after that. Be patient.
Definitely in a bear market. How is this even a question?
Wait until Fed says exactly how much the rates are and hope and pray to not happen a war in Ukraine. If that happens get ready for the long winter.
It really doesn’t matter, if you buy at 30k and sell at 40k, you make 33% in a “BEAR” market, meanwhile if you buy at 69k and sell at 80k, you don’t make nearly that much in a “BULL” market, so your position is what matters, not the state of the market
I bought the dip but it keeps dipping. Weird.
What should I do? I already restarted my phone, but the price is the same…
Cryptowinter means a total disinterest in crypto for a long period of time, while right now there is a growing interest in crypto, expecially from the masses.
My bet is we are accumulating, and not in the start of a real crypto winter.
We have been in bear market for a while now.
Easy there, buddy, we don’t respond well to this type of market predictions around here.
Bullish or nothing!
If you have to ask if it’s winter, it ain’t winter.
Bull or bear doesn’t change a thing, just means my DCA is value for money right now. And unless you were planning on cashing out soon this shouldn’t bother any of us.
In saying that I wish I would’ve saved all my fiat for times like this.
We are officially in a long term bullish trend until btc breaks 29K. A long way to go, but if we breach that, youre looking at a drop to just under 15k.
Source: I stayed at a holiday Inn express last night.
In a few days time it could go back up to $44k. A day in the life of a crypto investor.
This is all related to Russia’s imminent invasion of Ukraine. Honestly, I think its a valid concern. The world economy is fragile at the moment and a war between these two world powers will likely send us into a deep recession. I think most crypto projects will survive, but not all. In fact, I think this is an outstanding time to buy. I don’t think we are at the bottom yet, unless there is some miracle meeting between Zelensky and Putin that will result in peace. But the truth is that if you have fiat ready to go, the time to buy a lot of cheap crypto is likely around the corner… And also, fuck Putin. That dude needs to get run over by a tank.
I think you usually know without a doubt if you actually are in a bear market. This has been a choppy crab market for the past year but not a bear market.
The strategy is to DCA even in the dip. The dips may get dipper!
>Bitcoin held up nicely between $42-45k but fell now to $39k.
If I remember correctly we were sub 33k less than a month ago.
So is this a higher low?
someone only trades with the one month chart… lol
Just remember that this type of drops has occurred at least 14 times in past – and the market has recovered.
Bear? I think we need a new animal for crypto. More like a T-Rex came in and ripped this bitch to shreds
With all the exposure and adoption crypto and blockchain are getting, I don’t think we’re going to have a long crypto winter.
Doesn’t matter to me one bit. I’m buying more every paycheck ![gif](emote|emo_pack_1|dancing_wojak)
I hope we’re in the middle of it. As opposed to not even having started yet.
100k within 2-4 months. Stop FUD and go up only now..
Pretty sure we need to dip a lot lower to hit the real bear market man.
The bear market has been here all along.
Crypto winter started in november but we were so bullish for the previous ath to believe it
I think it could get much worse. Once interest rates go up and liquidity starts drying up, more money will be taken out of crypto than from stock market. This could be a bad year for btc. Hope next year is good
I wish BTC goes to AT LEAST 29k. I need to adjust my position a bit
I’ve seen this cycle too many times to count. While no one I’ve seen can reliably predict up and down market cycles, they are just that. We’re in a down cycle- and man, we couldn’t be luckier.
Everyone wants to buy things on the cheap and then ride them ‘to the moon’. That’s fine and dandy, but that’s not the way it works when you’re always battling personal fear, greed and crowd-think. If you go with the crowd, you sell like hot cakes at the first sign of trouble. If you go with the analysts, you hold a little while as the speculators drop out, then sell… or buy. But if you’re in it for the long term you do this:
When everyone feels too comfortable, get out.
When everyone feels too panicked, start buying. It may drop lower, but that’s when you pick up nervous investor holdings for a song.
Don’t get greedy. You’re not going to buy everything at rock bottom and you’re not going to sell everything at the peak. Those trades are far and few between. Just get some sense of what the project is worth and pick it up when people sell and hold on for awhile. If you’re trying to get rich overnight, get in line behind the lottery ticket buyers at your local convenience store. The odds are the same.
Wait til 20k
I hate to break it to you but we’re in a wedge before the bear market. Come back in a year and start buying btc at 16k and eth at 900 if you want a more comfortable experience
I’m already used with this pain
Lol our low was higher than the may low. On a macro level, you are incorrect, and our low here could be higher than our most recent low… we have not broken out down or up, so nothing you are saying has been confirmed…
Despite the dips I’m earning passively by partaking in the LP available on NIIFI DAO platforms through the help of Layer 2 scaling solution – Nahmii protocol.
Middle of it, we are at the start of it – it’s gonna get way worse until 2025 then it’s up from here – do your buying over the next 24months and drink like a king in 2025.
I have noticed, I am waiting to buy again at a low point with this strategy I call “patience”
Sorry I thought we were in a raccoon butt parrot carrot market?
What went up must come down. We can’t deny the last 2 years have been spectacular for crypto and many of us wished we got in sooner. But what goes down must go up and this is the opportunity. Just gotta have patience.
Times and contexts are different. Crypto never was this much into mainstream and its only beginning.
We haven’t put in a lower low though, lowest low recently was in January 24th, where the price was $33k. Don’t follow the bear yet. I do agree though, we are definitely in a big downtrend
Its all a simulation, this is the same cycle of Late January
DCA and stay zen.
It’s already officially a bear market!
Hodl became slel
Doesn’t change much, still buying regularly, just smaller chunks with the dips down