[edited out]
I have noticed Paashaas seems like a bear in recent times. Maybe he sold too much and is a low-coiner now. He has changed a lot, maybe he’s just nervous about market sentiment, I dunno, disappointing.
Yeah.. difficult to know.. He's a bit of a flip flopper, and he surely does not seem to be bothered to go along with UPpity when it is happening, but also comes out with a lot of negative nancy zingers, maybe even since about November 2023 or so talking so many times about returns to $20ks and then later talking about returns to $30k and even recently returns to $40ks, but none of that seems to be working too well... so yeah, he might have sold too much too soon. and still has hope to get back some of those cornz.. while at the same time, he may well be waiting a long time including considering that sometimes there can be some benefits to just taking the "L" and perhaps getting some corn at higher prices (but yeah, hard to know if we are not exactly familiar with the details).
There are plenty of us who go through boughts of bear talk or negativism.. but yeah, how the hell should any of us feel justified proclaiming that we are in a bear market when even today,
there were only 26 days with lower higher weight-traded prices.. so I have a hard time considering number 27 as exactly "bearish".. but yeah, people frequently use the wrong words when they might mean to say that we are in a correction within a bull market rather than bearish.. but yeah, anything short of the ATH of $73,794 from mid-March could be considered a correction.. yet even that sounds kind of weird when saying it out loud, so yeah, we might say failure to go up is not necessarily meaningfully bearish. but yeah, failure to go up for a whole 2.5 months and even potentially going on 3 months, but even that hardly seems like it is anything to really get too worked up about - since another way of considering the matter is that there has been a lot of negative ammunition thrown at bitcoin, but it is still going up (or at least failing to significantly go down).. and yeah, sure we can hardly ignore that the BTC spot ETFs are continuing to buy bitcoin at a fairly high pace while at the same time self-custody and privacy is attacked (at least in rhetorical kinds of ways.. and yeah targeting of some individuals can be discouraging too.)..
Edited above paragraph clarified one point and improved flow.Protip: Zoom out on the chart. Obviously not a bear market.
Zooming out is not a classical definition.
The Secular bull never ended.
A long cyclical bear happens once every four years on average
A short term bear could happen any week (as determined by 20% decline threshold).
Bitcoiners never cared about the last one, though, but "financial" people do...for them 20% decline is catastrophic due to typical leverage, etc.
Imho, financial types will smooth the wild run, which may also affect the rips too.
I kind of expect a roughly 30% positive degree angle on the chart for a few years, but no major spikes.
Who fucking cares about 20% or more corrections, and even if they continue?
We already should realize that bitcoin can have 30%, 40% and even 50% corrections in the middle of a bullrun.. ..
But, yeah, whatever, it is not that we are going to necessarily agree and if you want to call the 2021 top as April and I prefer to call it as November then that can be another way that we interpret the data differently.
Yet, we do not even need to use 2021 as our ONLY example since we can also see several pretty damned large corrections in 2017 too.. and even if we are no longer int 2017, there likely can be similar kinds of BTC price performance dynamics that include bull markets (and bull trends) that have very large price corrections contained therein including going way past 20% and still not knocking king daddy out of its bull market (bull trend).
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