Quote from: $crypto$ on Today at 05:38:50 PM

Quote from: Rimueng on Today at 05:04:47 PM

After successfully rising to $65K in a span of 1 month, bitcoin is now down again. Even for now, BTC is still hovering around the $56k price level. This price decline is quite significant and certainly becomes the attention of all investors. However, I think, now is the time to buy BTC and then HODL. because the market is currently still in a constantly changing price trend. There are still many possibilities for going up, but on the one hand it could also go down again.

The market trend is always changing all the time it's normal for me bitcoin to stay above $50k is still a high price but I'm still expecting another hike higher considering the current trend is in the market longer but investors assure that it will definitely rise happened at the beginning of the year however, well if you believe in that positive belief then by buying and holding I think it's right we just wait for the results to be sold but we have to see some market reactions in this December.
I will continue to take opportunities when the price is correcting or entering a bear market.

I wouldn't call this price decline significant in crypto terms. I would for any other market, but in crypto we have seen that over and over again. What I think when this question about bull market or bear market is raised again, it also all depends on the time span. When something doubles or even triples in price over the course of the year, but then drops by 20% within a week, what type of market are we in? We came from around 19k and are now at around 56k, if you take a ruler and put it on your graph, is that a bear market? Isn't a bear market really a situation where selling pressure constantly pushes the price down over a longer period of time, and by that I mean at least a couple of months. Perhaps the word correction applies much better here and you will have corrections in essentially any market, but now correction automatically means that we are in a bear market.