Bitcoin Forum

Most of my threads are based on my personal experiences or encounters. This is the first bear market  I have met and seeing. I Know that most bitcoiners have met up to 3 bear market as they became bitcoiners in the ecosystem.
I came to Know bitcoin fully in the bullish market which was  December 2021 and became interested in February 2022. As of then I didn't know what is bullish market and bearish market, this terms and others were helped by local chats.

Even human life is rising and falling  in nature, and this is equivalent to all living organisms and bitcoin is a "Living Organism" that grow from small (2009, $0.00) to high (2022 , $19079.00) level, this is the present price but it was higher in the late 2021 and early 2022.

Therefore, how many bullish and bearish markets have you met as you become a bitcoiner?
Let know the old and the new bitcoiners

If I'm not mistaken, around 2013 I already knew Bitcoin with friends, but didn't really understand what Bitcoin was, and how the concept and development were. Because we are still new to crypto.
But I really got into crypto in 2017, at that time Bitcoin was trending in the media, but a bull run with the highest price in 2018. After that, Bitcoin price dropped exactly as it is now, maybe we as crypto lovers become the subject of ridicule due to the losses we experienced, because we do not really understand the crypto market. However, we do not stop to continue to work, whether following the bounty program, trading and so on. In 2020 Bitcoin and the crypto market are trending again in the media, and become the subject of conversation among the public. And the bull run takes place in 2021 with a record high of +$68,700. That means, as long as I know crypto, especially Bitcoin, bullish and bearish have happened twice.
In conclusion, the current state of the crypto market does not make me feel worried about holding Bitcoin. In fact I keep increasing the amount of Bitcoin even though the condition of the USD balance seems to be decreasing. I am optimistic that Bitcoin or the crypto market will head to the moon in 2024. But this is not advice for investment, just sharing experiences, maybe it can be knowledge about crypto for myself.

There's no need to compare Bitcoin to organisms. Every market has highs and lows.

Bitcoin had big bull market in 2013, 2017 and 2021, followed by bear markets, but they were not similar to each other. The 2021 market only increased the ATH by a factor of 3.5 - from 20k of 2017 to 69k of 2021. While the 2017 market increased the ATH from $1,200 to $20,000. So you can say that the relative growth rate is slowing down. It could be that the future cycles will be even less remarkable. Or maybe Bitcoin will even stop being so cyclic.

I can't recall exactly the year when I meet with Bitcoin but Definitely, it was a bear market. Once I meet with Bitcoin the price was approx $3K, from there start bull, and went to $19K+ which was an ATH 2017 if I can recall correctly. So after that, I meet with bear again which was $3K again. Then start bull after a few years likely 2021 went 70K. Definitely, still, it's ATH for Bitcoin. As of now, we are in a bear market. Hope soon we will see another ATH based on past experience.

I entered bitcoin around the beginning of 2015 when it was a bear market, after that I focused on learning about bitcoin and other cryptocurrency related information, to be precise in 2017 it was the first bull market time for me and it was very life changing. But when 2020 was a little bit annoying because I had nothing and had to start over from scratch until now.

I can't remember for sure, but I've been here for some bullish and bearish history since mid-October 2014.
The course of price history both bullish and bearish is just a dynamic, it's just history but I managed to get some benefits during that time. It doesn't matter how big it is, but it's there.

Bearish has discouraged me in the past as bitcoin was not yet a decade old at first, but now this perception has changed and I no longer worry about the future as bitcoin continues to grow and be adopted in different countries. Increasingly hospitable legality and the strength of a thriving community are some of the things that convinced me about bitcoin's future. So, no matter how bearish or bullish we are, that's only dynamics decorate the journey.

many people throw around "bull" and "bear" whenever there is a up or down movement.

but a true bull market is when the price moves and stays above 20% of a previous low for 6 months

for instance the 2020 low was $4.8k (+20%=$5.7k) .. we are still way above the $5.7k of the previous low

a bear is when the price drops below a ATH by 20% and stays below that amount for over 6 months

EG the last ATH was $70k(-20%=$56k) bitcoin stayed below $56k for more then 6 months so yes a bear market occurred

as for now where 2022 low reached $17,600 (+20%=$21k)
but we have not stayed above $21k for 6 months so its not a bull market. we are still in the bear of last year.. but.. still in bull of the last 2 years

yep if you bought in 2020 low. you are bullish today
if you bought in 2021 you are bearish now

i got most of my haul in 2012.. so im always bullish on bitcoin

bulls and bears are not changes daily. they are descriptors after assessing the last 6month+

every year we always encounter bullish and bearish market conditions so it doesn't really happen between 2021 bullish and 2002 is bearish, let's look back at the charts last year 2021 in may bitcoin fell from its high price and it happened again in may this year, So 2021 isn't completely bullish

There are a lot of up and down throughout my life. But my vivid memory is during the recession in 2008-2009. I had a good paying job but around that time there are noises that our projects are going on a downsized process. Nevertheless, our clients travel to our offices and assured that everything is going to be fine (our client is US based). So we will all feel good that we will still have projects when everyone around us is being laid-off. Alas, in 3 months time, we were all axe, Lol. So that is a bearish market in my life. Although after that, I was able to find a new job, and not just one, but I did have a side job as a freelancer and I'm getting a pay that even exceeds my daily 9-5 job, so it's bullish time for me.

During the year 2017-18 experienced the bull market followed is the bear market. I was new to the market and I don't have much knowledge. Those days bounties were very popular and I had few tokens that pumped very high, but I don't know this is the right time to profit and missed the opportunity. I can remember those days, because in the speculation threads were open stating that the price could go close to $8000. The real growth happened much higher reaching around $20k.

First, we have no official basis of how we can tell that we are in a bear market or a bull market.
But I strongly believe that last 2017-2018 bull market started and the bear market afterwards was really devastating and unforgettable moment of my life as that time I was first introduced with Bitcoin and a lot of things changed, a lot of lessons I learnt and applied to future.

Not most early Bitcoiners still stay with Bitcoin years later or they abandoned then joined again later when Bitcoin hits new all time highs with new halvings. Most of current Bitcoiners did not experience more than 2 bear markets I think so.

I think bull markets will attract you to Bitcoin but only if you can stay, don't leave in bear market and experience a next bull market, you can become a Bitcoiner.

Counting that I am registered in the forum since 2017 and that I met bitcoin a few months before, there have been two cycles with their corresponding bull and bear markets. But if you look at history, the previous cycles were similar.

In the end, the conclusion one draws is that these are good times to buy or to accumulate more if you tend to make frequent purchases. Everyone likes the price to keep going up, but those who sell now are selling because they have done the wrong thing, because they have bought with money that they could have used for other things, or out of fear, which is the opposite of what they should do.

I came to know Bitcoin and bought my first amount in 2016. Those were good old days. I was there and ecstatic when the price rose to $20,000. I was more bullish than ever only to end up disappointed when the long bearish months and years followed. But I held on. I risked it all when I stuck with Bitcoin from $20,000 all the way to $3,000, although necessities also compelled me to convert a number of times along the way whether the price was high or low. Nevertheless, I remained a HODLer.

So this current bear market is more or less nothing to me. Back in my earliest years with Bitcoin, $20,000 was only a wish. But it happened in 2017. Now, in 2022, it is something that a lot is worried about. That's what I call growth.

It just so happened that I started and invested in bitcoin a few months ago at a time when a bear market was coming or going (now). so I'm not too worried the price will fall further. because I think that I am much luckier. than those who bought at ATH. but I believe ATH will be exceeded if the bullrun market comes back. and of course I haven't experienced a bullrun market. so I'll be looking forward to it. although I know it's not likely to come any time soon. because of the condition of the global economy which is experiencing a major crisis. even developed countries such as the UK are affected quite badly. all i can do now is hold my bitcoin tightly.

Now the dollar is strengthening. but I'm sure after this bitcoin will strengthen.

I don't remember exactly when I entered the market, but the worst bear season I experienced was 2018. At that time, my knowledge and experience were not what it is now and I was very disappointed to see bitcoin drop from $20k to $3k in 2018, it can be said that I almost completely lost faith in bitcoin. It was truly a complete and worst experience in a bear season. But thanks to that experience and now I am aware of how bitcoin works and no longer feel nervous or panic when bitcoin price drops, I was even more excited when the price of bitcoin dropped to the level I expected because I could buy bitcoin at a cheaper price than a lot of other people.

The bear market is synonymous with sharp declines for Bitcoin holders, but for traders perhaps any decline can be considered a bear market. depending on the benchmark or line one takes when the price is decreasing. I play between the two positions and make this both more interesting and difficult. But the point is not how much we encounter a bear market, but how much we learn that a bear market is a space given to anyone who wants to take a discount. That's all I thought. Because in the future our hearts will not always get the same price in one season.

This definition ("stays" at x%) is more like the definition of the sideways market not bull and bear.
Bull and bear markets are trends not what happened in the past. If price drops for example 20% in 1 week and then stays there for 6 months, that is a sideways market not a bear market.

This is why I don't consider this current situation to be either bull or bear market because the drop has been over ever since June when price reached $17500. It is just going sideways now.

I can't really recall how many bear and bull market I have met since I became a bitcoiner, because every one year or months I  used to experience bear and bull market in the community, but I never knew that those period of bear and bull mean so much to bitcoiners to embrace in the market. But since I fully understand Bitcoin in the community, I think this is the longest bearish season I have ever experienced in the community that caused many bitcoiners packing, because they are used to month or few months dump before it will pump higher for those that invested during the dump season will have the opportunity to make a good income from their investments.

BELOW not AT
ABOVE not AT

i never said AT only you did

also the 20% is a number the share/stock/forex marketeers of wall street thought up decades ago.. a long time before millenium

its a known thing in wall street

I get that but the point is about the "staying" not about where.

All I'm saying is that in the statement "price drops below a ATH by 20% and stays below that amount", the part where it was dropping is the bear market and the part where it "stays" below it is no longer the bear market. It's a third type of market trend.

Do you mean bullish cycle right? Because there’s a lot of bullish market inside a cycle and it’s very hard to count that especially that you didn’t determine a time frame.

Answering base on bullish cycle, I experienced approximately 3 bullish cycle because I start on Bitcoin investment when the price was only 100$ which I’m still not around here in the forum. These are the highs that I remember during my time 10,000$, 20K and 68K respectively since I start in crypto last 2014. I never though that the bullish market on crypto will reach even the 1000$ price before when I’m doing faucet way back then.

I knew about bitcoin from its very inception but did not take seriously the fact that one could buy and hold it. Although at that time I had a job on the network, after the Liberty Reserve was closed, I was offered to pay in bitcoins. Unfortunately, I refused, since everything was new, and after the disappointment of losing one currency, I asked to pay in PayPal. 
Subsequently, I came across this forum, and it was a bull market, but I managed to buy some coins, not understanding what market I was in, and of course, after me, there awaited a bear market that turned my investments into dust. 
The experience we gain teaches us to be careful. Now I adhere to the policy of buying little by little, making certain calculations that I do not mind losing.

I know bitcoin and crypto in 2021 when it was September, and if I'm not mistaken at that time the market was bull, and in 2022 if I'm not mistaken in June, the market experienced a decline and could be called a bear market, but I still won't selling my assets because I believe in the future there will be a higher bull market.

It's a bit hard to identify every bull and bear market, because I wasn't always so active in the crypto world as I am now. The first time I got engaged with Bitcoins and other crypto currencies was in 2016. I stayed active until the end of 2017 and that was the first real bull market for Bitcoins. The real hype happened in the beginning of 2018, but unfortunately I had already sold all by bitcoins by then. The first real bear market happened in 2018/19 and I missed completely, only at the end of the bear market I came back to the crypto world. In 2020 was only very minor bar market that turned into the biggest ever bull market in 2021. And now we have my second bear market so far. All in all in have been part of two crypto cycles and can't wait for the next bull market cycle to start.

I've witnessed Bitcoin circles, the rising and falling of it twice. My first was in 2017 and that was when I came into this crypto industry. The excitement of daily price rise was better experienced than told. Prices spiked here and there of both Bitcoin and alts. Even shitcoins rose in price and I was carried away, hoping that the ilks of Ethereum, Bytbal and Litecoin would do the same price thing Bitcoin was doing. My excitement was cut short in 2018 when Bitcoin and the rest started obeying the law of gravity by crashing the same way they rose. My 2021 experience wasn't far from that of 2017. The only difference would be that alts didn't pump in 2021 like they did in 2017. In fact, to be honest, we didn't have bull rally for alts in 2021. Now, we expect another circle in 2025 and I expect it's going to be a massive one.

My first bullish market was 2017 when I was very surprised how high the price went and how fast it happened. But I didn't realize back then that a bear market could last for long. When the price started falling in 2018, I honestly thought it would recover in a couple of weeks. So it's been hard to see that it actually took 3 years for the price to fully recover. But then, after all that time, I became much calmer about the price and about Bitcoin because I saw that no matter how bad things look (and a drop from $20k to ultimately $3k is very bad), Bitcoin not only recovers but also becomes worth more than before. So now I don't get concerned with the current price or that it can go down even further. I am confident that, while it may take a year or so, the price will eventually recover and get even higher.

IIRC, this is the 2nd bear and bull market that I've met. I'm not sure if I recall that correctly but that's likely how many of them that I've met.
But, this time, it's really not the same from before and I'm liking it more than it's too deep and a bottom of a bottom before. I've learned from the first bull and bear market that I've been with and applied it and sold some last year during the highs.

Majority of us was here around 2017 if I'm not mistaken, crazy times, for bitcoin and the rest of the market, bounties was alive that time, and there was a notion that the price is going parabolic till 2018, everyone was shouting to the moon, hehehe.

But 2018 was different and others might agree that we are in the same boat again, 2022 is a bear market. But for those who have experience and felt it in 2018, this is just a repeat and we should know how to go about this second bear market because we are familiar already.

2018 was hell for those who stayed on top and suddenly slammed into 2018 ATL and it continued into 2020. But in 2021 Bitcoin was able to hit ATH which made bitcoin history even better. Those who are able to survive from 2017 to the present are certainly extraordinary. the survivors keep saying Bitcoin is mooning and it's in 2021.

This history may repeat itself and we can see every time a halving occurs bitcoin reaches the top of ATH, we just have to wait and we are indeed in the same boat. But those who are able to survive when the waves occur will certainly get a sunny day when the storm is over.

https://i.postimg.cc/pdgG733f/ath.jpg

Bitcoin should be a non living thing so it's not an organism although there are living organisms in a physical money or physical bitcoins because they can be touched by different people. Nice break down there by the way. Indeed that the year of 2017 can be called as the best bull run for cryptos especially on bitcoin due to how the price jump from tiny to massive.

2021 bull run isn't that surprising but it was still great because we can see that the price continues to break a new ath. On the next bull run many of us are expecting the same thing that $69k is going to be surpassed. The growth rate might be slowing down, I think that's because the adoption is already high.

I have been in this forum since July, 2017. And I'm starting to invest in Bitcoin when I was in the early of my journey here. As far as I know, 2017 was a bullish season, and it was followed by a bearish season in 2018- 2020. Then, we have a bullish season in 2021, followed by a bearish season again in 2022. So, I have met 2 bullish and 2 bearish as far as I become a bitcoiner. If the bullish-bearish scheme doesn't change, I really hope to meet again for another bullish in 2024 or 2025.  ;D

Been with a couple of major bull runs and dumps since 2014. Actually, I am already familiar with bitcoin from November 2013 though I brushed off the idea since I am still busy on some things then. 2014 is when I started this account and began being involved directly with bitcoin. Did some emotional sells back then too, and that is how I learned to not sell at a loss after seeing bitcoin recover and reach higher highs over time. Lots of regrets and lots of stress, but learned a thing or two that I still apply today.

The most memorable bull run for me I guess is from $190 to $1400 then back to $700. Crazy times and everyone was hyped.