Post
Topic
Board Altcoin Discussion
Re: How was last crypto bear market
by
Smack That Ace
on 16/05/2022, 15:54:05 UTC
The last bearish market for me was when BTC reached almost $2k, it was after the $20k ATH, which was expected to happen in December 2018, 2019 to finally reach a new ATH but it did not happen, in that period what happened in that market was a big buildup and we were all hoping that it would at least get back to $20k or a little more. However, at the moment I feel that there is still an uncertainty in the market, and with the fundamentals of Covid-19 and the war between Russia and Ukraine, since the movements of the markets usually stagnate and sometimes tend to fall due to panic .

I can never forget that time, everything was so bullish when bitcoin hit $20k but after that, the market is slowly going into a bearish mode. So now, I would not be surprised if bitcoin will continue to dump and maybe $10k will come again, I'll be glad to welcome it so I could accumulate.

Thinking back to what happened in 2018, I think it was the end of crypto. When bitcoin hit 20k, everyone expected bitcoin to hit 25k before turning down, but no, bitcoin kept falling below 3k and causing the whole market to crash. I was in a panic at that time, that year I lost everything.

For those who have gone through 2018, what is happening now is nothing too scary and they are willing to wait for bitcoin to drop below 10k as you would expect. It will be a rare chance that we can own bitcoin at the lowest price, I think if that happens then this will be the last time we see bitcoin at 10k$ .