We exited the bear market earler than expected

[blockman]

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.

I won't give that an 'only' for bitcoin. It's seen at $29k and it made back to this price recently so that's really an achievement. Those people that have bought at the top, if they've managed to buy there, they only have to wait or add and buy as much as they can lower than the price that they've bought it before. Also, it's possible that those are the people that have missed buying at the bottom. They feel bad that they didn't follow what was suggested way back when it's lower than $30k.

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[Shasha80]

~

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.

I won't give that an 'only' for bitcoin. It's seen at $29k and it made back to this price recently so that's really an achievement. Those people that have bought at the top, if they've managed to buy there, they only have to wait or add and buy as much as they can lower than the price that they've bought it before. Also, it's possible that those are the people that have missed buying at the bottom. They feel bad that they didn't follow what was suggested way back when it's lower than $30k.

Not because we missed a purchase when Bitcoin was below $30k, then we felt sorry and didn't do anything. But we can buy Bitcoin at the current
price, actually buying Bitcoin at any price can give us profit. The most important thing is that we can be patient and wait until the price of Bitcoin
rises above the price when we bought it. Due to the movement of the Bitcoin price that continues to rise every year, I think the thing we should do is
just collect as much Bitcoin as possible from now on.

[nicecrypto]

IMHO, we're not in a bear market yet. Not unless we go below the 2017 ATH.
There has been so many FUD that's going around the crypto space, but the current Btc price isn't in the bearish run yet. I still considered it as a high price, but at the same time a good price to accumulate more. Considering how Btc has been rising since last year.

I definitely agree with you. I believe that the market did go very high then and that correction was inevitable and the FUD just happened to follow during the same period. I don't think we are in a proper bear market like we witnessed back after the 2017 ATH and lasted for more than 3 years but could still happen after the current market witness a new ATH above the previous $64+

[alviemery96]

I think things have gotten better since the news of the BTC ban from China and maybe we got rid of the bear market, the control and manipulation of countries like China, and by speculation. My guess is there will be another big bull run by the end of the year and BTC price will go back to $60k.

[South Park]

IMHO, we're not in a bear market yet. Not unless we go below the 2017 ATH.
There has been so many FUD that's going around the crypto space, but the current Btc price isn't in the bearish run yet. I still considered it as a high price, but at the same time a good price to accumulate more. Considering how Btc has been rising since last year.

I definitely agree with you. I believe that the market did go very high then and that correction was inevitable and the FUD just happened to follow during the same period. I don't think we are in a proper bear market like we witnessed back after the 2017 ATH and lasted for more than 3 years but could still happen after the current market witness a new ATH above the previous $64+

A bear market after a bull market is inevitable and that is just part of how the economic cycles work, and despite the innovation brought by bitcoin it cannot escape this reality as bitcoin is still traded by humans and we have the tendency to repeat the same kind of mistakes in all the markets, however I had no doubts that what we saw so far was not a bear market but a very heavy correction, and the recovery we have been experiencing tells me this is the case and we are yet to experience the real all time high of this cycle.

[Wind_FURY]

IMHO, we're not in a bear market yet. Not unless we go below the 2017 ATH.
There has been so many FUD that's going around the crypto space, but the current Btc price isn't in the bearish run yet. I still considered it as a high price, but at the same time a good price to accumulate more. Considering how Btc has been rising since last year.

I definitely agree with you. I believe that the market did go very high then and that correction was inevitable and the FUD just happened to follow during the same period. I don't think we are in a proper bear market like we witnessed back after the 2017 ATH and lasted for more than 3 years but could still happen after the current market witness a new ATH above the previous $64+

A bear market after a bull market is inevitable and that is just part of how the economic cycles work, and despite the innovation brought by bitcoin it cannot escape this reality as bitcoin is still traded by humans and we have the tendency to repeat the same kind of mistakes in all the markets, however I had no doubts that what we saw so far was not a bear market but a very heavy correction, and the recovery we have been experiencing tells me this is the case and we are yet to experience the real all time high of this cycle.

Shower thought, but what if the “heavy correction” of -50% happened from June to December, the same crash, but a longer time frame. That’s six months. Would you, and others, then start to consider that to be a bear market? Plus Google “bear market definition”. What’s the first result?

[kayiboyu]

There were a lot of FUDs back then. And it seemed like there was no way that we were going to be out of the bear market in a short time. I was expecting it to last until the end of the summer at least. But here we are. The market has been on a great run for some time. And it is going on like it won't end soon. I wonder if we will see another bear market in this year. I think we will but it won't last long. We could see just a price correction I think.

[SirLancelot]

There were a lot of FUDs back then. And it seemed like there was no way that we were going to be out of the bear market in a short time. I was expecting it to last until the end of the summer at least. But here we are. The market has been on a great run for some time. And it is going on like it won't end soon. I wonder if we will see another bear market in this year. I think we will but it won't last long. We could see just a price correction I think.

For sure, price correction will happen at some point. I actually don't think there will be a bear run at least within the remaining months of this year because we already had a crash just a bit ago.

Maybe the price would settle somewhere around $50k after all the shenanigans. One thing I strongly feel will happen is a small bull run near the end of the year continued to the next year. That's almost inevitable and everyone certainly knows it too. At least those in crypto for years know it for sure.

[tygeade]

Everyone may have their say but the truth is that none of us actually know when it will go up or down. Not just that, we don't know a precise reason why a bull or bear run occurs. The best and only part of this price mystery I know is that the overall movement in the long term will be positive which is what matters for investors.

I have seen guys doing silly things and there were some friends of mine who despite getting warned multiple times, they ended up buying dogecoins at around a dollar. Similarly, there might be people buying bitcoins at the peak but the good news is that bitcoins are precious while doge is worthless. This is where the long-term value saves you despite a bad trade.

[zanezane]

~

I think it depends on the plan of the trader himself in taking the risk and rewards. There are people who buy when it's $50k, but they only use part of their capital, and when it's $30k they buy back. he sees that the trend is still bullish, so he buys at every support he believes in, and because this decline is considered only a market correction

It was at the back of my mind but I disregarded it but you're right, they could do that and I think that I would be doing the same thing and hopefully I can make some out of it although my question is what happens if they didn't put all in in 50k and it continues to rally?

[Chathusand]

Even though the bear market appears to have finished, we need not give up just yet. As long as we continue to execute things correctly, the bull market will resume. Take advantage of the current circumstances and continue to believe in the market's recovery. Many individuals have already had big regrets after witnessing the bull run that reached $65k, so don't make the same mistake again and get hustlin while there's still time.

[Rexler]

The market crash was supposed to be a good opportunity for everyone but unfortunately many people taught it's a full bear circle which just started and didn't grab this opportunity, the FUD created by the China government and Elon Musk made most people in the crypto world to loose hope on crypto rising again this year, but luckily for us all we are in a bull run season 2 so suddenly, well the brave ones who bought the dip are all in good profit right now.

[South Park]

A bear market after a bull market is inevitable and that is just part of how the economic cycles work, and despite the innovation brought by bitcoin it cannot escape this reality as bitcoin is still traded by humans and we have the tendency to repeat the same kind of mistakes in all the markets, however I had no doubts that what we saw so far was not a bear market but a very heavy correction, and the recovery we have been experiencing tells me this is the case and we are yet to experience the real all time high of this cycle.

Shower thought, but what if the “heavy correction” of -50% happened from June to December, the same crash, but a longer time frame. That’s six months. Would you, and others, then start to consider that to be a bear market? Plus Google “bear market definition”. What’s the first result?

Yes, that to me would have been a bear market, a bear market is a long sustained negative trend, what we saw was just a heavy correction that was increased because many people were overleveraged and they got margin calls creating a domino effect, but after the correction the price just remained static and did not go down anymore, so it was a correction, while for some there is no difference in losing 50% of their money in a few days than to do so in a few months the subsequent behavior of the market will be very different depending on the circumstances in which the drop actually happened, which is why this fast recovery does not surprise me at all.