We exited the bear market earler than expected

[Taskford]

Apparently, this is the first bearish market I'm experiencing ever since I got interested in bitcoin and registered an account on the forum. For sure  it was overwhelming indeed and was already taking too long even with the level of recognition bitcoin has got. I even didn't expect it to last the long but it did and to some extent it's good for the market.

Investors stepping in and some good news like bitcoin  being adopted by El-Salvador could be some of the reasons for potential investors to see reasons why they should reinvest or invest in the market. Though, we can't completely say bitcoin  is back towards a bullish direction. For all we know, it could be a pump for whales to take profit.

You sure have not met a bear yet and maybe hopefully this may register as the only long lasting bear you or we may see henceforth. You didn't witness the most talked about bear that started from 2017 December ending to around February, 2020. That was the bear that price fell from $20,000 to below $4,000. That bear saw many investors being trapped at the top and many sold off at loss because it took longer to revert, many lost hope hodling. For now, we may not see such bloody kind of bear because of the activities and news of adoption going on around bitcoin.

That was so bloody year since the bear market season is so long gladly we didn't experience that these year since maybe the adoption is so huge this year plus their are plus factor of institutional investors contribute to the whole economy, But I think this year is not  the same last December end month to 2018 since we see a big figure and still the price   still bouncing back  again. Although the scenario is  the same  with panic selling but I believe the  people who do that is the newbies which  didn't experience  the past bear market season.

[cute nmp]

Many people tend to exit the market as soon as bitcoin price goes down not knowing that we are just undergoing a short time price correction but on the long term bitcoin is still very bullish we are no longer in the bear season.I wouldn't advice any one to panic and sell his cryto-assets because prices are definitely going to get up very soon.

[Wind_FURY]

Apparently, this is the first bearish market I'm experiencing ever since I got interested in bitcoin and registered an account on the forum. For sure  it was overwhelming indeed and was already taking too long even with the level of recognition bitcoin has got. I even didn't expect it to last the long but it did and to some extent it's good for the market.

Investors stepping in and some good news like bitcoin  being adopted by El-Salvador could be some of the reasons for potential investors to see reasons why they should reinvest or invest in the market. Though, we can't completely say bitcoin  is back towards a bullish direction. For all we know, it could be a pump for whales to take profit.

You sure have not met a bear yet and maybe hopefully this may register as the only long lasting bear you or we may see henceforth. You didn't witness the most talked about bear that started from 2017 December ending to around February, 2020.

He has not met the bear, but everyone can study the main 4-year market cycle of Bitcoin. Newbies are lucky they have all the data that proves an established pattern.

That was the bear that price fell from $20,000 to below $4,000. That bear saw many investors being trapped at the top and many sold off at loss because it took longer to revert, many lost hope hodling. For now, we may not see such bloody kind of bear because of the activities and news of adoption going on around bitcoin.

In my opinion, many won’t make the same mistake during this current cycle. We might see a longer bull market cycle.

[philipma1957]

This was not a bear market .  I primarily mine to get coins.

My mining profits never suffered.  Since BTC diff drop from 23 to 14 from April price of 63k to 29k

now diff is 14 and price is 45


so

23/14 = 1.64. so if you mined 1 coin at 63 k or 1.64 coins at 29k cash wise  you got 63k in April or 47 k on the lowest price  in July

now you have a factor of

23/14.5= 1.58 and price is 45k or 71 k worth of coins.

If you study every day from the April price of 63 k and diff of 23. yo now you will see miners did not suffer much

In 2018 diff was 1.4 and got to 6.9
price dropped from 20k in 2017 to 6k in oct 2018

both bear in price of coins an in mining profits


I know traders mainly think in coin price. to say bear or bull
But miners have to go beyond that.

So this is more of a mixed market as a whole. Maybe we grind it out past 70k then the real bear wakes up.

[cheezcarls]

As of this time, I can’t say that we have “completely exited” the bear market. Of course, Ethereum’s London hard fork upgrade is the main factor that makes the bulls gain the upper hand once again. However, the market is still unpredictable and has high volatility. We just have to invest and trade an amount that we could afford to lose.

[Spack17]

We were actually still in the bear market until a few days ago. Now, everything has changed about the market. Nearly all of the cryptocurrencies are bullish, Bitcoin being in the first place. And this may even trigger reaching a new ATH levels for many cryptocurrencies in the future. It depends on whether this is the bull market or not of course. But I feel like bullish.

[SquallLeonhart]

You sure have not met a bear yet and maybe hopefully this may register as the only long lasting bear you or we may see henceforth. You didn't witness the most talked about bear that started from 2017 December ending to around February, 2020. That was the bear that price fell from $20,000 to below $4,000. That bear saw many investors being trapped at the top and many sold off at loss because it took longer to revert, many lost hope hodling. For now, we may not see such bloody kind of bear because of the activities and news of adoption going on around bitcoin.

That was so bloody year since the bear market season is so long gladly we didn't experience that these year since maybe the adoption is so huge this year plus their are plus factor of institutional investors contribute to the whole economy, But I think this year is not  the same last December end month to 2018 since we see a big figure and still the price   still bouncing back  again. Although the scenario is  the same  with panic selling but I believe the  people who do that is the newbies which  didn't experience  the past bear market season.

Well, it wasn't always going down in 2018 neither, we had periods when price reached as low as 6k and went as high as 9k, since the price was very low that doesn't sound like a big increase but that is a 50% increase, 6k to 9k I mean, we didn't even have anything close to that right now.

The downside of being so high in price is that the amount of % changes are very little, back in the day from 4k to 8k wasn't a big deal, or even 8k to 9k was something daily, that is 10%+ very easily, we have that today as well but a lot less common, also 2x is nearly once a year, whereas it was few times a year. Bloody year is a correct call, but at the same time it was a blessing for us to make a lot more profit, gave us a wiggle room where we could make a lot more profit whenever we want to, of course it was not a simple thing endure it but afterwards was very profitable.

[romero121]

We were actually still in the bear market until a few days ago. Now, everything has changed about the market. Nearly all of the cryptocurrencies are bullish, Bitcoin being in the first place. And this may even trigger reaching a new ATH levels for many cryptocurrencies in the future. It depends on whether this is the bull market or not of course. But I feel like bullish.

Weeks back when the price was bearish people were into discussion how long this trend will continue. For that it is found to be the same for few months time. Particularly it was believed to have the bear trend atleast till the year end. Now the bull pattern of growth has begun and it hasn't turned completely bullish. Now it is all about a new ATH, we don't know what's really gonna happen.

[Wind_FURY]

This was not a bear market . 

No it wasn’t. This topic is merely a counter-argument against someone else who made a topic that, “Bitcoin went to a Bear Market earlier than expected”, because “reasons”. Haha.

I primarily mine to get coins.

My mining profits never suffered.  Since BTC diff drop from 23 to 14 from April price of 63k to 29k

now diff is 14 and price is 45


so

23/14 = 1.64. so if you mined 1 coin at 63 k or 1.64 coins at 29k cash wise  you got 63k in April or 47 k on the lowest price  in July

now you have a factor of

23/14.5= 1.58 and price is 45k or 71 k worth of coins.

If you study every day from the April price of 63 k and diff of 23. yo now you will see miners did not suffer much

In 2018 diff was 1.4 and got to 6.9
price dropped from 20k in 2017 to 6k in oct 2018

both bear in price of coins an in mining profits


I know traders mainly think in coin price. to say bear or bull
But miners have to go beyond that.

So this is more of a mixed market as a whole. Maybe we grind it out past 70k then the real bear wakes up.

I have this question, phillip. Are some miners also speculators? For example during bearish months, do some of them decide to mine at a loss because they believe that Bitcoin will surge later?

[Obito]

I didn't feel like it was a bear market so I don't necessarily agree with you but I am happy that if there really was a bear market, we did exited it much early than we could've expected. Good thing that at that time, I bought a lot of bitcoin and now the prices are pumping and now I can probably enjoy a big profit.

[Victorycoin]

That's right, the bear market hasn't come yet you have a large profit, you can come out the market is now much lower than it was in the bear market at the beginning of 2021 even if the market rises slowly it will take time for the bull market to come. At a time when bitcoin prices were low investors made more profit than they could afford but it would be foolish for those traders who are now investing to come out everything is changing in the market. Wait until the bull runs.

[Bravehash]

There is one thing that have changed in the history of crypto since 2009 and that's mass adoption, as we can see this year bull season is one of a kind very stronger than whatever we may have seen in the past, many predicts that the bull market is over judging from what happened in 2017 but instead the market is very much alive, this is a new milestone for BTC

[Freezingel]

I think that we were still in the bear market until this rally started. There is no need for the price to go down to $5k or $10k to call it as the bear market. If the price starts struggling too much and decreases gradually, it is nothing different than the bear market to me. But now, I believe that we aren't in it.

Well bitcoin price is always changing too drastically, but i agree with you that if the price starts to be struggling so much, and it started to decrease even more more without seeming that it will go up again, i think we can call it the bearish market. However, since the price of bitcoin is always volatile and quite unpredictable, i think we need to take some time to consider, whether it's bearish, bullish or what. But now, i agree that it's not bearish.

[Kusman]

The last bear market has ended earlier than I expected. To be honest, I wasn't expecting it to end before the end of this summer. It just got stuck between $30k and $35k for a long time. I would like to say that the bull market has come early but still I'm not sure whether this is a bull run. The market is bullish for sure. But we shouldn't overlook the possibility that it could be just a good rally.

[Smartvirus]

I think that we were still in the bear market until this rally started. There is no need for the price to go down to $5k or $10k to call it as the bear market. If the price starts struggling too much and decreases gradually, it is nothing different than the bear market to me. But now, I believe that we aren't in it.

$5 or $10 price rate! That's some ridiculous price for any one to have hoped that bitcoin falls to, its practically impossible. Should we choose to be in on this and believe it could happen, you would still see that, some persons both futuristic and existing users would still fail to invest due to the fact that, they would feel bitcoin is going to be liquidated to it's 0%. Hence, when the bull market comes, your still most likely to see people crying over a golden opportunity not to have bought bitcoin from the deep. Well, its a new trend bitcoin and pattern bitcoin is cahrting for itself and you can guess its due to the increased awareness on it and the value it has earned over the years.

[South Park]

The last bear market has ended earlier than I expected. To be honest, I wasn't expecting it to end before the end of this summer. It just got stuck between $30k and $35k for a long time. I would like to say that the bull market has come early but still I'm not sure whether this is a bull run. The market is bullish for sure. But we shouldn't overlook the possibility that it could be just a good rally.

Quite honestly I do not really think that what we saw was a bear market at all, it is true that there was a huge reduction in the price but it happened so quickly that I would describe it as a flash crash and then we remained close to those levels during all that time, to me that's not quite a bear market especially since it's duration was quite short compared to what we saw during 2018, so like always I think people were exaggerating by describing this as a bear market when it wasn't, it was just a big correction so it is natural that we came out way earlier than what many people expected.

[Fortify]

We exited the bear market earlier than everyone expected.

The prices might only start to surge from here. Many people said that the Korea FUD, the Elon FUD, and the China FUD will kill Bitcoin. But what it actually did was speed up a 3 year bear market into a 3 week bear market.

There does seem to be a lot of media activity around Bitcoin right now, with more companies getting involved and accepting it (for free publicity). That was the general trend that happened as it rallied up to the all time high of $65k~. Lots of people with big bank accounts and cheap money is certainly fueling every type of asset out there, so investment bank funds are snapping it up right now. That being said, as we've seen previously even the slightest hint of action by the US government against cryptocurrency can have a devastating effect on the price and it seems like the infrastructure bill is having some crypto currency related laws snuck in as part of a package.

[Wind_FURY]

We exited the bear market earlier than everyone expected.

The prices might only start to surge from here. Many people said that the Korea FUD, the Elon FUD, and the China FUD will kill Bitcoin. But what it actually did was speed up a 3 year bear market into a 3 week bear market.

There does seem to be a lot of media activity around Bitcoin right now, with more companies getting involved and accepting it (for free publicity).

Or also motivated by the search of a new type of investment. The companies that preach Bitcoin, also HODL Bitcoin. It’s free publicity for them and the network.

There are us from years ago, and more so to those Bitcoin OGs from years before my “years ago”.

That was the general trend that happened as it rallied up to the all time high of $65k~. Lots of people with big bank accounts and cheap money is certainly fueling every type of asset out there, so investment bank funds are snapping it up right now. That being said, as we've seen previously even the slightest hint of action by the US government against cryptocurrency can have a devastating effect on the price and it seems like the infrastructure bill is having some crypto currency related laws snuck in as part of a package.

Bitcoin is the great equalizer, inflate the money supply, then like a blackhole, there’s more money in circulation it can suck in.

[perfect999]

Or also motivated by the search of a new type of investment. The companies that preach Bitcoin, also HODL Bitcoin. It’s free publicity for them and the network.

Yeah, investing trendy. While you are in profits and at the same time which works for promotions as well then I guess no one would ignore. These days bitcoin investments got 3 major benefits: 1. helps you to diversify your portfolio (usually possible only by new type investment) 2. Higher ROI 3. Publicity (even for individuals when shared on social media).

Hence, there would be obviously no wonders on getting back to bullish markets as early as possible when considering above benefits.

[dezoel]

I understand that people are quite happy with the current situation but we should nevertheless be a bit more careful. I understand that we are not doing half bad, and that’s a good thing, looking at bitcoin it is at 46k right now, that’s quite good and we are still a bit long way further from the 64k our highest, but ethereum is getting closer to its peak, binance is not doing that bad with 400 bucks neither.

So, basically I feel like we are doing "fine" right now, not amazing, not awesome, not horrible, not bad, but just "fine" for now. What could make this great? If we see bitcoin over 50k, eth over 4k, bnb over 500, then you will know that we are back in bull season once again. I am already invested in all of them already, which means I am ready for an increase, but I am also keeping a bit of cash aside so that if the price falls I can be ready to buy some more.