Bitcoin Firmly in Bear Market Teritory

in Actifit2 days ago

The last few days have been very eventful. Our car has been having some issues with what seems like transmission noise in the first gear, so I took it to the dealership as we still have an extended warranty until the end of next year or seventy one something thousand miles or which ever comes first.

Well, I have to say that it was an interesting experience. First of all my wife called to the dealership to setup a service appointment in front of me she set the appointment and the guy asked what it is for.

She explained that we have some noise when driving at low speed and that we got a letter from BMW saying that we have a recall on our starter. The guy kept insisting that we don't have a recall on our BMW. She said we have a letter and a notification in the app about this recall.

So about a week later I bring her vehicle to the dealership for the service appointment. The dude checking people in inside the garage checks my info and says we don't have an appointment. I said that we made it on the phone. He says to go inside and they will find it on the computer.

I go inside and another guy checks on the computer under both of our names and phone numbers and says that we don't have an appointment. I tell him that I heard my wife making this appointment last week and they finally agreed to take the car in for service.

He tells me to sign a paper for $285 per hour for diagnostics. I tell him that we bought an extended warranty at this BMW dealership and even had the starter replaced under warranty in this dealership. He searched on his computer and cannot find the warranty. I show him the paper copy of the warranty. He says OK please wait for the advisor.

About half an hour later a service advisor showed up. He took me to his desk where he searched for the warranty an has not found it. So I gave him the paper and he enters info into the computer.

I then went to work and they had the car all day. Naturally they had not looked at the transmission and told me that they found a stick stuck in the wheel that was supposedly making the noise. I was sure that wasn't it, but at least they did a recall on the starter. And they found a leak in one of the drive train seals which they repaired under the warranty.

At least I got some work done, will have to take the car into BMW Seattle again some time later. On the way to work I walked past hundreds of homeless people, it is really getting out of hand in Seattle.

Yesterday we had our son over and did a weight lifting workout together. It was also nice to catch up on all the latest news with him.

Today I drove my wife to the airport since she is going to Minneapolis for a business trip. The traffic was very light compared to the usual Seattle traffic, but we did get into stop and go traffic on the way to the airport and I got into more traffic on the way back home.

Bitcoin is now firmly in the bear market territory and seems to be making lower lows almost every day. It is sitting at around sixty three thousand right now and it is not surprising that people are calling for 58k bitcoin. There is only 5k to go which is less than ten percent off the current price.

All time high for Bitcoin was $126,210.50 on October 6, 2025. We are trading at half of that price right now. Traditional bear market is defined as a broad, sustained decline in stock prices, typically marked by a drop of 20% or more from recent highs in major market indices. We are definitely in the bear market for bitcoin by that definition.

For Bitcoin historically bear market resulted in a 70 to 85% drops. This time we have institutional adoption so the drop could be lower, but I would not be surprised to see a drop down to 65% off the highs. Which is another fifteen percent to go.

That seems very reasonable and I am looking to accumulate more Bitcoin at these levels. You never know where the bottom is going to be, but fifty percent off and lower seems to me like a good area to accumulate.

Only eleven hours left in Splinterlands Escalation presale. We still have not reached half of the packs sold, but I think that there will be more buys last minute as people push and shove for a position on the leader board.

SPS token is holding relatively well against Bitcoin today, but longer term it seems that it is yet to find the bottom:


This report was published via Actifit app (Android | iOS). Check out the original version here on actifit.io


22/02/2026
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My God, what a horrendous experience with BMW. Unfortunately that kind of customer service (or lack of) seems to be becoming the norm. I just engaged in a three week back-and-forth with the contractor that did our hardwood floors about a refund. There's a "glitch" in their system that automatically charges the "credit card service fee" of 3% to everyone, even if they pay with a ACH deposit. Luckily we caught it and they kept saying they processed the refund but it never showed up. Today I requested a physical check, we'll see if that ever arrives. Ugh!

Do you notice more panic than usual surrounding this BTC correction? You can tell a lot of these investors have never lived through a BTC bear market. I can't believe all the people who think BTC is going to zero considering all of the institutional money flooding in. Maybe much of the panic we see on social media are bot accounts trying to get people to loose faith and sell—institutions need sellers before they can buy. I was fooled this cycle and believed there was still room to run after the $126k top and didn't play it as well as I should have.

I see that we just made a historic score of five in Fear and Greed index yesterday. Today it is a little bit higher at eight:

I read somewhere that ETFs are actually the stronger holders this time around and I did put in another order for BTC ETF today, will see if it gets executed today or I will have to wait a bit. Here is the list of the BTC ETFs, that is a decent amount of money in those ETFs, but nothing compared to the BTC market cap of $1,286 Billion I think we still have room to grow in these ETFs when the mainstream adoption comes after the current BTC doom cycle:

As far as BMW Seattle, can you believe they sent me a survey after this experience asking to answer 4 questions on how they exceeded my expectations? LOL...

Single digits is extremely low! I think so many Satoshi-era whales cashing in right now is seriously playing with peoples' heads. Wow, that shows how oblivious the dealership is. I got those messages from the contractor too - Good Google reviews are appreciated!. They've fumbled so many times that I couldn't possibly give them a good review. Not giving a bad review is doing them a favor and being generous. : )

Hope you have good luck with repairs on your car, sounds like the dealership lost a lot of your information on the computer!🙄
Definitely a good time to accumulate some Bitcoin my friend, I think we are getting close to complete capitulation!😐

That is the feeling I am getting as well.

No one has a crystal ball, time will tell....😇😀

Car repairs are the worst. I am sorry you had to deal with that. Dealerships always kind of suck. It seems to be better when you can find a good private repair shop, but if you have a warranty you are kind of stuck.

Once the warranty is up the end of next year we will take it to the private repair shop near us. I would have expected better from the flagship BMW dealership in the Washington state...

Yes, I agree with that!

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