Like the title says, when do you see the true bear market that we saw that happened in 2018 with every alt crashing insane amount?
If bitcoin crashes for about a week or so and then most altcoins are following the downtrend, without any signs of any upwards movement nor indicators doesn't show us that price will rise soon, I considered that as the bear market is now in effect.
I appreciate your advice, bro. That's what I'm thinking too. Why we do need a pure downturn? These days it's just a routine to experience the ups and downs. When the market correction started, I considered that a bear market and filled up my bags. I guess everybody is filling up their bags with good and respectable cryptos at the same manner because it's going to pump like crazy by the end of November.
As I can see on the market right now, the price of Bitcoin slowly going crazy after hitting the price of $47k, so I don't see any true bear market yet because Bitcoin is recovering and this is a good sign to have a better price in the future. We can only see real bull market if Bitcoin hit below $35k again, but for now let's see what's the peak for this current trend and hopefully Bitcoin can able to break the level of $50k again.
Just wait for bitcoin to crash again and drop its price by 50% from its present price, i guess that will be the start of a real bear market scenario. But no one's gonna hope for that to happen, otherwise a lot of holders will start to lose if they end up panic selling. But for now, i must say that the market is in perfect shape. Bitcoin and the rest of potential altcoins are making a good price increase despite of the recent ban from China. So i don't think a true bear market is happening soon, not this year hopefully.