Is the Bear Market Really Over?

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chris2020Newbie
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#1Jan 26, 2017, 01:00 PM
If this expert is right, we might be experiencing the shortest bear market in Bitcoin history. Is that the case for the whole crypto world too?
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shard_2013Full Member
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#2Jan 26, 2017, 03:34 PM
Honestly, I wouldn't just take his word for it. We really can’t confirm if the bear market has ended or if Bitcoin can even hold above $70,000.
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#3Jan 28, 2017, 08:40 AM
Just saw Bitcoin drop again to $99k. Clearly, that $70k prediction is off. I'm thinking it'll keep sliding, maybe even hit $60k.
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#4Jan 28, 2017, 11:13 AM
I wouldn’t say it’s over yet. If more bad news drops, panic could set in again and push prices down.
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#5Jan 30, 2017, 03:35 PM
It’s too early to declare the bottom. We’re still in the early months of the year, and I’m betting on a dip down to around $50k by year’s end.
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#6Jan 30, 2017, 08:04 PM
I only trust analysts when they're spot on most of the time. No one can truly predict the bottom without knowing if holders will sell or hold.
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fullnodeSenior Member
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#7Jan 30, 2017, 09:20 PM
Right? If you make one prediction and it hits, congrats, but I stopped trusting these forecasts ages ago.
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#8Jan 30, 2017, 10:52 PM
We can’t really know yet. It’s all speculation at this point about how long the bear market will last.
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0xHawkMember
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#9Jan 31, 2017, 02:26 AM
Yeah, only time can tell. But we’d all prefer a quick end to this bear phase, right?
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#10Feb 1, 2017, 07:23 PM
I don’t get how people think the market’ll just keep dropping without some pullbacks. I think we’ll see a reversal soon.
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#11Feb 2, 2017, 01:43 AM
Honestly, we might still dip below $60k before it stabilizes. No one knows where the bottom actually is.
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alt_forkMember
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#12Feb 2, 2017, 04:36 AM
Analysts can mislead for profit. They’re not always right. The same David Duong predicted institutions would be bullish last year, and that didn't happen.
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alexsatNewbie
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#13Feb 2, 2017, 07:12 AM
There isn’t much in the article backing his claim. I think the trading volume could indicate we hit the bottom at $60k.
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hodlgangMember
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#14Feb 2, 2017, 10:03 AM
Speculation is everywhere. Bitcoin has trends we can recognize, but we shouldn’t trust everything analysts say.
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0xSageNewbie
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#15Feb 2, 2017, 03:58 PM
We had a crazy bull run before the halving, so I guess a short bear market makes sense, but still just theory.
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alexsatNewbie
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#16Feb 2, 2017, 05:48 PM
What if the sellers already sold during the previous bull? Then maybe this bear phase could end at $60k.
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0xSageNewbie
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#17Feb 2, 2017, 07:14 PM
Let’s be ready for surprises. The market's in a consolidation phase now, and it could swing either way.
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#18Feb 3, 2017, 01:24 AM
I agree with that. Holding onto our crypto feels like the best strategy right now.
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mark.bossHero Member
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#19Feb 3, 2017, 06:53 AM
I think the four-year cycle might be changing, but that’s just my opinion. The usual patterns might not apply anymore.
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kevin2019Newbie
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#20Feb 3, 2017, 11:13 AM
Nobody knows for sure. Negative news could still plunge us down. Let’s just keep our eyes open.
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