The bull market still exists

[fara_buduk]

investing in bitcoin is the most profitable thing in the long term because here we are just waiting for the price for the holder at pump time and waiting for it to come back when the market goes down and undergoes a correction, it's just that price analysis and evaluation is what plays a role for us to what extent our abilities and skills we predict it

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[Gamerholic]

I think that the potential of such a market is still far from being revealed. More and more public figures with large wallets declare their support for bitcoin and openly say that they want or already own it. Thus, this year, in spite of all the tricks of Elon Musk and other bad people, will not prevent the market from growing and developing further. I think that we will still update this year with another historical maximum in the price of bitcoin before a correction or a new historical fall.

[Fortify]

At present, the market value of Bitcoin has returned to more than 46%, which is a sign that the margin ratio has decreased, the bubble has burst, and the market is accumulating power.

And I think we are currently in a century-long bull market in Bitcoin. In the short term, we are in a technical bear market after a major correction.

I think that meeting two conditions can determine that Bitcoin is in a bear market. 1. The price of Bitcoin must fall by about 80%, and the high point created by the bull market cannot be broken before the next cycle. 2. The lowest price in a bear market should not be lower than the highest price in the previous bull market.

You have to wonder what the end purpose of Bitcoin will be and whether it will sustain through time. Gold has been a store of value for centuries now because it allows physical storage. It can be stolen, but it can also be guarded and hidden. Bitcoin has a bit of a weakness in that area - computers are hacked all the time, exchanges vanish and hard drives containing wallets can fail. All of these things will contribute to an ever diminishing pile of available Bitcoin, so it actually becomes less functional for its original purpose over time (as a form of currency). The super rich people finding it a convenient tool to send money over borders might become more isolated as regular low-level buyers diminish and anonymity fades - by which time they might start moving on to more liquid substitute cryptocurrencies. I think cryptocurrencies will survive and Bitcoin will always be the original, but it might not reach much higher in value.

[clippers]

I think that meeting two conditions can determine that Bitcoin is in a bear market. 1. The price of Bitcoin must fall by about 80%, and the high point created by the bull market cannot be broken before the next cycle. 2. The lowest price in a bear market should not be lower than the highest price in the previous bull market.

Do you think that those are the official conditions in which a bear market can exist?
To me,a bear market is simply when the prices are dropping.It doesn't matter with what percentage and for how long.It doesn't matter if the lowest price of the bear market is lower than an ATH or the highest price in a bull market.The fact that the Bitcoin price dropped by 80% from it's 2017 ATH doesn't mean that the Bitcoin price will drop by 80% from it's 2021 ATH.We should stop making historical comparisons.

This is just my personal judgment, not the official conditions. Because the price history of Bitcoin is only ten years old, it is not a large sample for any investment product. This is my personal opinion, and I declare it here.

[Aliceooo78]

I think that meeting two conditions can determine that Bitcoin is in a bear market. 1. The price of Bitcoin must fall by about 80%, and the high point created by the bull market cannot be broken before the next cycle. 2. The lowest price in a bear market should not be lower than the highest price in the previous bull market.

Do you think that those are the official conditions in which a bear market can exist?
To me,a bear market is simply when the prices are dropping.It doesn't matter with what percentage and for how long.It doesn't matter if the lowest price of the bear market is lower than an ATH or the highest price in a bull market.The fact that the Bitcoin price dropped by 80% from it's 2017 ATH doesn't mean that the Bitcoin price will drop by 80% from it's 2021 ATH.We should stop making historical comparisons.

For a cycle, the bull market is short-lived, while the bear market is long. I have two assumptions about the bear market: First, the bear market must fall by about 80%, and it cannot break through the high point just set by the bull market before the next cycle; second, the bear market will not fall through or even the bottom of the oversold. Breaking the previous high is the highest point of the bull market in the previous cycle. These two points are summed up as "the bear falls by 80%" and "the bear bottom does not break the previous high". Based on these two postulates, we cannot define the current midfield correction as the beginning of a bear market. Because even if calculated according to the previous wave of high of 65,000 dollars, a drop of 80% would have to return to 13,000 dollars, and this is obviously a drop below the previous high of 20,000 dollars set at the end of 2017. So, the bull is still there. No doubt.

[Keila Faith Villanueva]

I also think that the bull market still exists. More and more countries have begun to accept Bitcoin. In addition to El Salvador becoming the first country in the world to use Bitcoin as legal tender, some countries have also begun to gradually accept Bitcoin. Panamanian congressmen are making a proposal to include Bitcoin and other cryptocurrencies in the country's legal tender. The global class will become equal because of Bitcoin, and the value of this disruptive power is unlimited. The Russian Foreign Minister believes that cryptocurrency will occupy an important position in international settlements. The President of Iran called for the establishment of a legal framework for cryptocurrency transactions. This is all good news for Bitcoin, so I believe the bull market still exists.

[Jenny Z]

I think Bitcoin is still in a bull market, and it's just a correction for now. First of all, the US monetary easing policy continues, the overall international economy is shrinking, a lot of hot money does not have a clear investment goal, and more and more money flows to virtual currencies. Secondly, Bitcoin has been singing all the way since last year and has not experienced a decent adjustment. This adjustment was actually unexpected.

[bitcoin-shine]

It's a good opportunity to buy. However, in the short term, it is still in the shock stage.

[Mr.Scott]

Bitcoin is really going to mainstream, who got it early will be the real champ. Don't act slow to recognize it, Bitcoin is well known internet money and on the ways becoming real world currency. You buy it now at discount basically, buy hard and heavy so you can hold more. No other choice left, just grab it and be thankful later.

[Alisha-k]

Bitcoin has added value for sure at least more than 10%within few hours but one wouldn't call that a bullish trend since it hasn't gotten to it's highest highs. If Bitcoin can maintain a series of higher highs for at least a month we can confidently say there is a bull run on bitcoin anything outside this is still a range market or could be considered a false breakout

[maydna]

Bitcoin is really going to mainstream, who got it early will be the real champ. Don't act slow to recognize it, Bitcoin is well known internet money and on the ways becoming real world currency. You buy it now at discount basically, buy hard and heavy so you can hold more. No other choice left, just grab it and be thankful later.

Bitcoin has already become mainstream as many people, including institutions and big companies, are investing in bitcoin. We don't know when they invest in bitcoin, but they announce they know holding some large bitcoin amount. People who are still not trying to invest in bitcoin will regret it later, especially when the price increases.

The bull market will be back to the market, and it already happened before, and now, we hope the price will have more power to increase. But we should be ready if the bear market comes, even for just a small correction.

[btc78]

at last there is someone who shouts for reality and not intentionally FUD. for how many posts created here nowadays are almost pointing into negative treats towards crypto market and not even added positivities .

with this thread we can find the Light and we can see how good our future is.

[TangentC]

At present, the market value of Bitcoin has returned to more than 46%, which is a sign that the margin ratio has decreased, the bubble has burst, and the market is accumulating power.

Hmm, Nope.

IMO. 
Slow Bear Market, where their are a few dead cat bounces, but over all,
you will see a declining price per coin every month for the next few years.
Peak for BTC was ~$60K, next low will be below $20k within 11 months.

[clippers]

At present, the market value of Bitcoin has returned to more than 46%, which is a sign that the margin ratio has decreased, the bubble has burst, and the market is accumulating power.

Hmm, Nope.

IMO. 
Slow Bear Market, where their are a few dead cat bounces, but over all,
you will see a declining price per coin every month for the next few years.
Peak for BTC was ~$60K, next low will be below $20k within 11 months.

Then why not sell all your bitcoins now, selling now is more valuable than when the price drops to 20,000. If your words are not matched by deeds , you continue to hold or buy Bitcoin while saying that the price of Bitcoin will reach 20,000. I hope you will not spread FUD in the forum. New people who join the forum will suffer losses because of your comments.

If you really sell your bitcoins, then I can only wish you all the best.

[koang]

the bull market is always there for those who are really positive about Bitcoin's viability. and it greatly affects a person's psychology. despite the price game managed by a handful of whales, we believe the bull market is still doing well. we need to realize that there is always great hope for Bitcoin holders.

Bull market matures in optimism
And don't look at the news as positive or negative, try to see between the lines and how you can profit from it
BTC is still a solid coin but for now, there is much better money to be made from a Mid/Small cap coin.

[Obito]

at last there is someone who shouts for reality and not intentionally FUD. for how many posts created here nowadays are almost pointing into negative treats towards crypto market and not even added positivities .

with this thread we can find the Light and we can see how good our future is.

It's easy to gain clicks and views when you are centered on negative things, that's the reason why there are more FUD rather than having a positivity on the market. It doesn't really matter at the end but you can still make a money out of it if you know how to analyze the market based on the trends.

[ethereumhunter]

Then why not sell all your bitcoins now, selling now is more valuable than when the price drops to 20,000. If your words are not matched by deeds , you continue to hold or buy Bitcoin while saying that the price of Bitcoin will reach 20,000. I hope you will not spread FUD in the forum. New people who join the forum will suffer losses because of your comments.

If you really sell your bitcoins, then I can only wish you all the best.

Some people already sold their bitcoin in the downtrend yesterday, but others still hold their bitcoin because they can wait for a while. People who believe bitcoin will increase more than the price now will not sell bitcoin but they will use this time to buy more bitcoin and prepare themselves for the next rally. Not many new people lose because as long as they can search for more info, I am sure they will be okay and will make a profit.

[Axelseseclevz]

It's really profitable to invest in bitcoin. If you buy at a lower price then just hold and wait the time it will pump, you will surely earn profit. The bull market is not yet over, although there's a market correction, it doesn't mean that the bull run is already end.

[clippers]

The Fed's FOMC concluded that it will not increase the interest rate, and inflation has not run out of control. The three major conditions of this bull market, over-issuance of the U.S. dollar, institutional buying and the addition of countries are still continuing.

The bull market continues, and now that you can hold onto the low price of Bitcoin, you can enjoy the price spree in a few months.

[KeikoKitagawa18]

Totally agree with you, it just depend how patience we are. If we patience enough to wait i think it will be easy for BTC to reach more than $100k and i believe in the end of this year Btc will reach that price.