Quote from: AndySt on May 23, 2021, 11:44:58 PM

Quote from: oHnK on May 23, 2021, 02:12:53 PM

Quote from: Kakmakr on May 22, 2021, 09:04:35 AM

Dude, we not in a Bear market.. we are being sabotaged by a group of Chinese with a vengeance against one of their rival Whales. Also a Chinese government with a hidden agenda, namely to sabotage all other Crypto currencies.. in favor of the "soon to be released" Yuan coin.
This was a strategic move from the Chinese government and a couple of whales to seriously damage Bitcoin's price. I hope the people who are buying those coins that was dumped by these people, will hold onto them ...to keep them out of the people's hands that wants to manipulate Bitcoin's price. Angry

Whatever the reasons for this stimulant decline in price will still be called Bearish. The beginning of the word Bearish was used because a bear (bear), will attack using its paws with a movement from top to bottom, describing market conditions when there are many sales which make the market decline or weaken, aka bearish. So that in recent weeks the crypto market has indeed been in a bearish situation which is quite unsettling for investors who have bought at the top of the price. Market cap alone in 24 hours has lost 200 B USD. This will happen long enough for those who can not stand it will definitely cutloss soon.

All questions are in the terminology, but I agree that the level of the current correction is caused to a greater extent by the actions and statements of representatives of the Chinese authorities, so it is still worth waiting for some time after the Chinese holders of bitcoin get rid of their bitcoins and then it will be possible to argue whether the market is bearish or it was just a strong collapse due to bad news. In my humble opinion, the previous increase in the exchange rate of bitcoin and other cryptocurrencies was too sharp and unstable and a correction was inevitable, which happened, and then Chinese statements were superimposed on this correction.

China's statement seems to be in order with Ellon's statement, so that seems to add to the downside of the current market bearish list. many people experience fear which adds to this downturn. This kind of thing happened in 2018, and I think it will improve too. therefore, as investors in particular we have to be patient