Post
Topic
Board Speculation (Altcoins)
Re: When do you see the true bear market coming?
by
South Park
on 04/10/2021, 17:44:10 UTC
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?
This is difficult to know, personally I do not see bitcoin crashing anytime soon and if bitcoin does not crash then altcoins most likely will not crash either, however one possibility that I see happening is that if the price of bitcoin begins to go up because we have yet another round of institutional investors buying more coins and altcoins do not move then the money invested in altcoins could move to bitcoin causing a crash in the altcoin market while bitcoin skyrockets.

Bitcoin did drop to $40k a few days ago, but I don't think it's a bear trend. The decline only occurred due to a number of outstanding FUDs and
panicked some investors. The decline in Bitcoin did make almost all altcoins go down too. But for me this decline is a good thing, because I can
get the opportunity to buy some more potential coins. Fortunately now the price of Bitcoin and altcoins is starting to look up a bit, hopefully
the crypto market can recover soon. For me the true bear market is what happened in 2018, because the crypto market in 2018 was completely
destroyed and made me suffer a huge loss.

I understood that movement as well in the same fashion, FUD has always existed in this market and I think it is never going to disappear as the whales can earn fortunes by manipulating people into selling them their coins and then resell them at a very high price a few months later, so I am not worried at all about the bitcoin market and in consequence about the altcoin market either as both are looking strong at the moment.