We exited the bear market earler than expected

[rosebrand]

Bitcoin has been through a lot in the past and still survived so the FUD created and spread all round the crypto market wasn't a new thing to bitcoin, it was really so bad that most people where thinking it's gonna be the end road for bitcoin or a bear circle is already taking it's place, but am really so glad seeing the fast bounce back, everything happened so suddenly, when all hope was lost, bitcoin showed us that the bullish season hasn't ended yet and am glad seeing this, once again #uponly continues.

[Sithara007]

The cryptocurrency market just followed the trends from other sectors of the economy. Look at the stock market, it is also at historic highs, despite the concern regarding the delta variant. And I have been saying this for sometime now. The 2021 price movements closely resemble what we had in 2017. And if that is true, we are about to witness a major bull run, by the end of this year. And hopefully by then, we will have multiple countries declaring Bitcoin as the legal tender (El Salvador is the only one which has currently done that).

[Wind_FURY]

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).

I believe that “Trendy” will be a word that will not be used to describe Bitcoin investing in a few years. The word to describe it will be “Traditional”, like bonds or blue chip stocks. Because many break-throughs, and ground-breaking inventions have come and have been accepted by society, Bitcoin will merely be one of them.

[Wakate]

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.

The bear market had really affected many crypto traders to have a rethink and reduce there trading potential  because of huge loses that occurred during the recent Bitcoin fall. It's an excitement to see the price of Bitcoin going up from it recent bearish movement and i am very optimistic that good bullish move are yet to come.

Bitcoin is scaling through the oppression of the market by firms and countries have stood against the adoption activities of Bitcoin. More positive movement are yet to come which will really amaze people that have thought the market will not scale through this difficult time.

[Distinctin]

The cryptocurrency market just followed the trends from other sectors of the economy. Look at the stock market, it is also at historic highs, despite the concern regarding the delta variant. And I have been saying this for sometime now. The 2021 price movements closely resemble what we had in 2017. And if that is true, we are about to witness a major bull run, by the end of this year. And  hopefully by then, we will have multiple countries declaring Bitcoin as the legal tender (El Salvador is the only one which has currently done that).

I think what we had in 2017 is quite different from this year because i don't see we actually entered into a clear bearish season. Altcoins may have experienced the dips but when we talk about bitcoin, the price is still high when compared last 2017. I think its all because bigger institutions have already backed up bitcoin so when it falls, the price won't really drop drastically.

However, the price becomes even more optimistic today and if i'm not mistaken, we will enter a bullish season early this year. Bitcoin and ethereum are definitely on top and hopefully other altcoins will come up surging too so we can witness the whole crypto market becomes green again.

[Semar Mesem]

Bitcoin has been through a lot in the past and still survived so the FUD created and spread all round the crypto market wasn't a new thing to bitcoin, it was really so bad that most people where thinking it's gonna be the end road for bitcoin or a bear circle is already taking it's place, but am really so glad seeing the fast bounce back, everything happened so suddenly, when all hope was lost, bitcoin showed us that the bullish season hasn't ended yet and am glad seeing this, once again #uponly continues.

What is happening with bitcoin right now makes us worth hoping for a lot, an increase of more than 15% in a week makes a bull run happen soon, I believe in august the price can reach ATH so holding on is the most profitable option.

[Princejebs]

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.

No one will tell you that bull run has began until its over. Trust me, bitcoin accelerate from $3.7k to $64k, that's a financial miracle for any who bought the dip because that's sweet money without without doing anything than holding and be patient while your money double in double profits.
I am still looking for the same opportunity since then but it seems that's already too far from my expectations.

[Tahsin Kabir Kollol]

It depends entirely on the market situation and there is an upward trend in the market at the present time and for some panic sellers, the market was down for a while. There is a big support in the upward market so that the market is not going down under the pressure of some sellers. But yes the market has recovered very fast which is faster than the expectations of the traders. The market has been slowing down and growing slowly again and this has happened a few times before but the latest growth has been very fast. We expect that cryptocurrency prices will rise all time high again in this way.

[macson]

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.

now FUD is no longer effective at making the price of Bitcoin drop drastically.  the bitcoin community is very strong, see when the price of btc drops to $29k instantly millions of people try to pump bitcoin with their posts on their respective social media accounts.  nothing can stop bitcoin.

[RealMalatesta]

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.

I do not think that companies accept bitcoin just for free publicity, it is also a great way to profit from your cash reserves. There are so many companies in the world who deal with cash flow and they have positive one, which means they have cash at hand at all times, sometimes a lot and sometimes very little, after a while they find something to buy with it, but between making it to investing it, there is a period where it is just cash sitting there doing nothing.

Most of the companies realized they could just buy bitcoin with some of that and keep it there and make profit from it, the bigger it grows the better it is for them, and unless there is a huge crash like what happened recently, it is quite liquid enough to sell it right away and then invest it into something else they want, hence using bitcoin like cash reserves. Accepting it as payment is just a part of the plan for this exact method.

[Viscore]

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.

now FUD is no longer effective at making the price of Bitcoin drop drastically.  the bitcoin community is very strong, see when the price of btc drops to $29k instantly millions of people try to pump bitcoin with their posts on their respective social media accounts.  nothing can stop bitcoin.

Bitcoin was really affected with China and Elon FUDS but after several months, it started to recover again. Gone are those days that bitcoin can be easily manipulated with different FUDS because the status of bitcoin right now is continuously reaching its strong resistance until it ends up in its new all time high.

Perhaps, the bear market we had before was not really bearish for bitcoin because its price that time is not that low. After all this continuous price surging, hopefully we will land into another peak price soon.

[blockman]

What is happening with bitcoin right now makes us worth hoping for a lot, an increase of more than 15% in a week makes a bull run happen soon, I believe in august the price can reach ATH so holding on is the most profitable option.

But we're already in August. 
Bitcoin to reach another ATH has to surpass the past ATH that we've got. And I agree with you that holding is always effective as it is. You just have to accumulate as many bitcoins as you can or if not a whole bitcoin since it's becoming expensive. Try to catch in decimals until you see your holding grow overtime.

[Shasha80]

What is happening with bitcoin right now makes us worth hoping for a lot, an increase of more than 15% in a week makes a bull run happen soon, I believe in august the price can reach ATH so holding on is the most profitable option.

But we're already in August. 
Bitcoin to reach another ATH has to surpass the past ATH that we've got. And I agree with you that holding is always effective as it is. You just have to accumulate as many bitcoins as you can or if not a whole bitcoin since it's becoming expensive. Try to catch in decimals until you see your holding grow overtime.

That means maybe at the end of August Bitcoin will return to the ATH price, but expecting Bitcoin to rise above $60k in late August this might take
good news, which is able to trigger the price of Bitcoin to rise even faster. If not Bitcoin may be at the end of August will only reach the price of $50k.
But for me if Bitcoin fails to return to the ATH price at the end of August this will not be a problem, because so far Bitcoin has moved up, and we must
be grateful that Bitcoin is back on the right track. I agree that now we need to collect as much Bitcoin as possible and hold it until the price target
we want is reached.

[Mahanton]

What is happening with bitcoin right now makes us worth hoping for a lot, an increase of more than 15% in a week makes a bull run happen soon, I believe in august the price can reach ATH so holding on is the most profitable option.

But we're already in August. 
Bitcoin to reach another ATH has to surpass the past ATH that we've got. And I agree with you that holding is always effective as it is. You just have to accumulate as many bitcoins as you can or if not a whole bitcoin since it's becoming expensive. Try to catch in decimals until you see your holding grow overtime.

For those people who had entered or bought when the price had dipped down on $28k are the ones who do see their portfolio is making some significant gains which i can say that it its really worth of the
risk that they had done earlier where everybody was hesitant to buy on that point due to those rumors that the price might go back to 20k point but it didnt really happen but instead it did past that 40k
resistance and been trying to reach out that 50k resistance once again and now we are moving sideways again and might trying to make some good positioning before it could hit up again that previous ATH.
Who knows on what would happen next because its always been unpredictable.

[blockman]

But we're already in August. 
Bitcoin to reach another ATH has to surpass the past ATH that we've got. And I agree with you that holding is always effective as it is. You just have to accumulate as many bitcoins as you can or if not a whole bitcoin since it's becoming expensive. Try to catch in decimals until you see your holding grow overtime.

That means maybe at the end of August Bitcoin will return to the ATH price, but expecting Bitcoin to rise above $60k in late August this might take
good news, which is able to trigger the price of Bitcoin to rise even faster. If not Bitcoin may be at the end of August will only reach the price of $50k.
But for me if Bitcoin fails to return to the ATH price at the end of August this will not be a problem, because so far Bitcoin has moved up, and we must
be grateful that Bitcoin is back on the right track. I agree that now we need to collect as much Bitcoin as possible and hold it until the price target
we want is reached.

Hopefully that it would be by the end of August but the overview that we're seeing to the half of this month, it's truly positive and there's nothing to complain about the move of bitcoin that we're seeing lately. Price becomes stable and support is getting higher, we should reach the ceiling in no time soon. It's not a problem if bitcoin doesn't get to the ATH as long as this price that we're seeing right now is totally maintained, well, what can we ask for with that? it's already a great price since last year despite the pandemic that has ever happened.

[istiak2277]

We exited the bear market earlier than everyone expected.

Or the actual bear market didn't start yet. We just saw a major correction in the market after a long bull market. If you checked the previous bear market then you will see it remains that way for several years.

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.

As I said it was a major correction created by a whale to dry up retails and short-term investors before a bigger bull run. Market still very positive which we can see in massive pump in alts.

[SquallLeonhart]

I think what we had in 2017 is quite different from this year because i don't see we actually entered into a clear bearish season. Altcoins may have experienced the dips but when we talk about bitcoin, the price is still high when compared last 2017. I think its all because bigger institutions have already backed up bitcoin so when it falls, the price won't really drop drastically.

However, the price becomes even more optimistic today and if i'm not mistaken, we will enter a bullish season early this year. Bitcoin and ethereum are definitely on top and hopefully other altcoins will come up surging too so we can witness the whole crypto market becomes green again.

We did see a 50% drop in bitcoin and almost all other coins as well. That is a huge bearish run if I have ever seen one, I understand that it happened all at once and not throughout a whole period, but that also doesn't mean that we should not call it a bear season, from 60k+ prices to nearly 30k prices for two months, that is a bear run. And we have exited that a lot earlier that expected so people are not considering it a bear season I get that, but that doesn't mean that we should totally forget about it and focus on the price right now alone.

What we had was a classic bear run and that is it, nothing that you can excuse could make it not a bear, everyone saw that it was a bear run and everyone talked about how it was a bear run while we were in it. Just because we got out and now trying to push for 50k doesn't give anyone the right to call it not a bear run.

[Shasha80]

But we're already in August. 
Bitcoin to reach another ATH has to surpass the past ATH that we've got. And I agree with you that holding is always effective as it is. You just have to accumulate as many bitcoins as you can or if not a whole bitcoin since it's becoming expensive. Try to catch in decimals until you see your holding grow overtime.

That means maybe at the end of August Bitcoin will return to the ATH price, but expecting Bitcoin to rise above $60k in late August this might take
good news, which is able to trigger the price of Bitcoin to rise even faster. If not Bitcoin may be at the end of August will only reach the price of $50k.
But for me if Bitcoin fails to return to the ATH price at the end of August this will not be a problem, because so far Bitcoin has moved up, and we must
be grateful that Bitcoin is back on the right track. I agree that now we need to collect as much Bitcoin as possible and hold it until the price target
we want is reached.

Hopefully that it would be by the end of August but the overview that we're seeing to the half of this month, it's truly positive and there's nothing to complain about the move of bitcoin that we're seeing lately. Price becomes stable and support is getting higher, we should reach the ceiling in no time soon. It's not a problem if bitcoin doesn't get to the ATH as long as this price that we're seeing right now is totally maintained, well, what can we ask for with that? it's already a great price since last year despite the pandemic that has ever happened.

Even though Bitcoin is currently only at $47k, we should be grateful for Bitcoin's achievements. When compared to last year, the price of Bitcoin is
now very high. It is likely that the people who are disappointed with the current Bitcoin price are the ones who bought Bitcoin above $50k.
But that's not a big deal, because I believe Bitcoin will soon return to ATH prices. What needs to be done now is to buy more Bitcoin, so that
the Bitcoin we have can continue to grow. So if by the end of this year Bitcoin can reach another ATH according to many people's predictions,
we can enjoy a big profit.

[South Park]

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.

It was to be expected, this market is too big to ignore and governments want a piece of it however I think they are going to find out that it is not as easy as they may expect, even if we are slowly going mainstream the majority of those that have adopted bitcoin so far prefer to keep a low profile and to not reveal how much bitcoin they have so they are going to have a lot of problems taxing those people, and I think their expectations about how much money they can get out of this market are out of place.

[pinggoki]

Most enthusiasts and believers of the coin speculated an upheaval in the middle of this year. So it's not like this comes as a surprise for most people here in this forum. Then again when we put it into perspective, three month's time before a comeback is indeed a small span of duration when you compare it to previous price dumps and recoveries that literally took years. This goes to show that as a growing community, the support we offer to bitcoin and indirectly to the market allows us to recover quite quickly from price dumps, making quick profits in the process.

It depends entirely on the market situation and there is an upward trend in the market at the present time and for some panic sellers, the market was down for a while. There is a big support in the upward market so that the market is not going down under the pressure of some sellers. But yes the market has recovered very fast which is faster than the expectations of the traders. The market has been slowing down and growing slowly again and this has happened a few times before but the latest growth has been very fast. We expect that cryptocurrency prices will rise all time high again in this way.

An upward trend isn't a good reason for the market to bounce back, at least that's how I think about it. If you come to think of it, graphs are representation of the data collected and aren't the data themselves. So there has to be an ulterior reason as to why this happened, and if the upward trend of the market were ever to be the reason for this pump, I would assume it would only be miniscule.