What is happening on the market is bear run not dip. Your thoughts

[Noverteno]

If last December some on this forum still doubted what was happening in the market - a long correction or a bearish period, now surely no one has any doubts that this is a protracted and deep bearish period. Because it has been going on for the seventh month. During this time, the price of bitcoin fell from $46,000 to the current $20,556. Altcoins fell even lower. Ethereum has already dropped from a price of $3,600 to almost $1,000 (actually $1,088). It is said that this is the fourth such period. But all bear periods come to an end at some point. This one will also end.

[Jamal Aezaz]

Just hold and chill people. This is the 3rd drop cycle I’ve been through now and I’ve never sold a bean. Believe in the overall notion of deFi? Cool, don’t fear, it’s the future. When it drops, buy a little more… when you reach your life target (and not before or after) sell. Simples!

[Master107]

Just hold and chill people. This is the 3rd drop cycle I’ve been through now and I’ve never sold a bean. Believe in the overall notion of deFi? Cool, don’t fear, it’s the future. When it drops, buy a little more… when you reach your life target (and not before or after) sell. Simples!

Agree. Everyone should not be shaken by the repeated crypto cycle of dump and pump volatile place of investment. Somehow devastating to be with those people who lost huge money due to unexpected crypto crash. However life is not the end. No hope and bright future if we give up and stop our crypto activities.

I do believe everything will be fine. Chill and buy little more would be the right thing to do.

[Fenix]

Unfortunately, the cryptocurrency market is now in a real crypto winter, because the period of deep price decline in the market has been going on for quite a long period. It began in November last year and continues to this day for almost the entire first half of the year. At the same time, the price of bitcoin has fallen from $46,000 in November to less than $20,000 now. An even greater price drop is observed among altcoins. Most importantly, we do not know when we will be able to see the next cycle of price growth. This could happen in the fall or as early as next year.

[coinsrider]

Well its quite apparently that a lot of value has been lost but it is also for us to necessarily to understand that the crypto market can be quite volatile and shall recover in the Long Run..Lets go Bear to bull..

[Astra]

What is happening now in the cryptocurrency market is not a bearish run, and not even a fall, this is a real crypto winter, since a deep price drop has been going on for more than six months. Of course, cycles of ups and downs are constantly changing, but sometimes they can go on for years. We cannot know when this period of deep and protracted falls will end. During these summer months, this is the least likely, but with the onset of autumn, it may very well be. We do not need to panic, but prepare for the upcoming price increase in this market.

[coinsrider]

The market has been moving up since past 24hrs seems positive..? Any one with fresh new positions

[silkytakyaan86]

It's not just your problem. Such a rapid downturn in the crypto market. shocked for everyone. And it's sad. Why is this happening. I'm no understand. But have heard from everyone's opinion. That, this year it is difficult to improve the market. Improvement can be seen from January. The growth of the market is certain. So don't worry and be patient. And you calm your mind. Everything will be all right.

[Freemind]

The market has been moving up since past 24hrs seems positive..? Any one with fresh new positions

You should not trust what has happened in the last 24 hours, it is very likely to be a bear trap. There are still many Bitcoins on the exchanges, until those Bitcoins start going out to cold wallets, they can be sold at any time, which would send the market down again. After a correction like the one we have seen in the last few days, never trust what happens hours or days later, even if you see a lot of green coins/tokens, the process to grow back organically usually takes longer.

[Rheology]

I am just hoping the market recovers soon. We can't really decide if it's a bear or bull, yet. It drops and rises and frequents like that, all we can say is it should improve in the coming few months.

[Anthography]

This was happening since Covid and it is now that we can actually see the price fluctuation of the major cryptocurrencies. We are in the bear market for sure. I think it is going to end now.

[Freemind]

I am just hoping the market recovers soon. We can't really decide if it's a bear or bull, yet. It drops and rises and frequents like that, all we can say is it should improve in the coming few months.

Right now the market is neither bullish nor bearish, it is just in standby mode. Some whales are waiting for the last moves of those trying to hold Bitcoin above $20,000, when there is no more resistance the market will go back down, it could go as high as $13,000, although there is quite a bit of resistance on the way to that amount right now. In a market like the current one, I personally prefer to watch and keep staking, I think it is one of the best solutions when the market is not going in a specific direction.

[Speaker]

now the market is able to continue to fall for a long time without rebounds. This is largely due to the state of the economy and future uncertainty .

[cryptoredentor]

Not sure if BTC still have much room to go down. We're still bellow the 200MA, we touched 17k under the last bull run top... I hope BTC lateralize for some months/weeks before a slow accumulation for the next halvening.

[rizqillah]

now the market is able to continue to fall for a long time without rebounds. This is largely due to the state of the economy and future uncertainty .

It's always happen at bearish season, market will down until the bullish after bitcoin halving.
I think No matter with this.
Bitcoin and altcoins will recover again soon.