WHY A BITCOIN ANALYST “DOESN’T UNDERSTAND” HOW PEOPLE ARE STILL MACRO BEARISH

[Jahhodl]

Believe it or not, there remain traders that are macro bearish on Bitcoin. That’s to say, there are some investors that think the capitulation crash to $3,700 was not the worst of the bear trend.

There’s a prominent cryptocurrency analyst, for instance, who says that as long as Bitcoin remains under $10,500, he remains bearish. So bearish, in fact, that he believes the cryptocurrency is on track to plunge towards $2,000 — and maybe even lower — in the coming year or two.

Yet one commentator says he cannot understand how people are macro bearish on BTC due to the fundamentals of this nascent market.

bitcoinist.com

[carlfebz2]

Is this thing still surprising? Market is composed of perma-bulls, perma-bears or whatever you do call it. It wont really be something new if they call out low prices or crashes speculation. All of us can make those calls yet this is a free market and anyone does have the right to have their own
analysis or views towards this.So calling about having that 2k price crash is possible even though it is somewhat to far to consider but we know
on how this market too unpredictable.

Just let them be yet you would face up lots of different people who do speculate up, the thing here is that you do know on how to place yourself
in case of these events do happen.

[avikz]

Here is the link to the article,

https://bitcoinist.com/why-a-bitcoin-analyst-doesnt-understand-how-people-are-still-macro-bearish/

All we need to underis that a healthy market always consists both types of investors/ traders to remain relevant. If all market participants are bulish, then there will be no selller and if all market participants are bearish, there will be no buyer. So a healthy mix of bullish and bearish people is what we need to maintain relevance.

[Slow death]

you don't have to worry about these analysts because in a way they started to be useful for this market. I'll explain better:

Someone here on the forum has noticed that whenever these analysts appear on news channels related to bitcoin and make pessimistic price forecasts, the bitcoin price increases a lot? So I started to see that these analysts are useful for the cryptocurrency market. whenever you want to know when the price will increase? only expect an analyst to make a pessimistic price forecast

About dropping to $2000 Is a dream that these analysts have, maybe it’s because they want to buy at a very low price or they just want to create fear in people to have panic sales and they buy cheap coins

[mk4]

There will always be bulls and there will always be bears. Get over it. An asset in general being a good or bad investment is heavily debatable in the entirety. Especially for something as new and extraordinary as bitcoin, it's very unrealistic to expect that most people will be bullish.

[kryptqnick]

Here is the link to the article,

https://bitcoinist.com/why-a-bitcoin-analyst-doesnt-understand-how-people-are-still-macro-bearish/

All we need to underis that a healthy market always consists both types of investors/ traders to remain relevant. If all market participants are bulish, then there will be no selller and if all market participants are bearish, there will be no buyer. So a healthy mix of bullish and bearish people is what we need to maintain relevance.

Makes sense. If everyone were the same, the market would just freeze without any trading going on. It's indeed important to have both buyers and sellers, but I disagree buyers are necessarily bullish while sellers are bearish. If we look at Bitcoin not as an investment opportunity, but as money, people should be focused on exchanging goods and services via Bitcoin, thus buying and selling it regardless of beliefs in its future but just largely being neutral about it. So one way of balancing is when bullish people are in balance with bearish people, but another option is when everyone is neutral (simply believing that Bitcoin will be around and will have more or less the same purchasing power). I do agree that with the current rate of adoption and the ways Bitcoin is mainly used the neutral way is very hypothetical.

[pooya87]

a better question is why do you think the person being quoted is a "BITCOIN ANALYST" that you felt like you should shout his words here. in fact all the combination of quotes in that article is a clear indication that these news sites, specially the low quality click-baity ones like the one you are using, are always publishing the crappiest contents from the newbie-est bitcoin traders and sell it to their readers as "expert analysis".