Are you bullish or bearish this year?

[blockman]

Today, the price dropped to $44771 and I find it bullish again despite it dropped. We are having some usual pumps after these dumps. People are fomoing after the drops because they think that it's about to drop and won't be coming back. But as we've been here for quite a while, we all know that whenever bitcoin drops, we just have to be patient and wait until it recovers and it's going to be more than its recovery. I'm talking about the price that usually goes up anytime it corrects.

[mich]

At first I was Bullish but am now turning bearish this year. The market had such a good run with the Trump administration.
Also, the corona virus lockdowns attracted many new retail traders to jump into the market and many stocks are significantly overvalued.
I suspect the market will have a correction in the coming year.

[Kittygalore]

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Both options are better, when bitcoin becomes bullish of course you are ready with BTC which has been collected for 7 months I think this will certainly be a very large number so the potential for being bullish is very convincing to many people.

But if it doesn't cross the support and reverses then you are ready to buy to add more BTC to your wallet, this is indeed a good idea in the worst case you can still buy because this is one of the goals where you are ready for everything including buying willingly low.

Vote many choose bullish

That's actually what I do and I think it's the most common thing to do when you're a hodler, you can go for either side since you're in the market for the long-term. To be honest though, I wish the prices are going down because I want to buy more so I can accumulate more bitcoin so in the future I can sell it at a higher price when it hopefully goes up exponentially.

[Kelvinid]

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Both options are better, when bitcoin becomes bullish of course you are ready with BTC which has been collected for 7 months I think this will certainly be a very large number so the potential for being bullish is very convincing to many people.

But if it doesn't cross the support and reverses then you are ready to buy to add more BTC to your wallet, this is indeed a good idea in the worst case you can still buy because this is one of the goals where you are ready for everything including buying willingly low.

Vote many choose bullish

That's actually what I do and I think it's the most common thing to do when you're a hodler, you can go for either side since you're in the market for the long-term. To be honest though, I wish the prices are going down because I want to buy more so I can accumulate more bitcoin so in the future I can sell it at a higher price when it hopefully goes up exponentially.

I don't know which one could be heard and have its market favor because some are also waiting for the market to get in bullish again while some are also wanting to dump. Because if you are buying crypto during the last ATH, I am sure to say that they are praying to get back at $60k again. But if you are already selling, it was to ask for another bear season. Somewhat it tells that the market will keep unstable forever because of this.

Anyways, this how it looks like and this is the beauty of crypto market. Well, I'd found it so amazing and being unpredictable gives some excitements, IMO.

[irsada]

I think we are in a bullish market dimension. it's not like 2017 where investors invest only based on hype without knowing what they are investing in, and when the price drops there is a huge panic among new investors which creates a long bear market. but now investors are smarter and understand the crypto market.

[leea-1334]

At first I was Bullish but am now turning bearish this year. The market had such a good run with the Trump administration.
Also, the corona virus lockdowns attracted many new retail traders to jump into the market and many stocks are significantly overvalued.
I suspect the market will have a correction in the coming year.

Oh no,,, really? I am on the other side actually. After 63k was hit and then we went so badly down even below $30k I though this was the end of the rally but then we are making slow and steady gains.

Today also BTC despite the low price made a new record for market capitalization. This gives me some change of opinion that indeed we could be seeing a further growth until end of year.

[geegaw]

I think we are in a bullish market dimension. it's not like 2017 where investors invest only based on hype without knowing what they are investing in, and when the price drops there is a huge panic among new investors which creates a long bear market. but now investors are smarter and understand the crypto market.

Adjacent to the crevice of knowledge that has become more prevalent among crypto users, action comes from banks and hiring criteria from several giants in the tech industry as well as e-commerce and retail, they seem to have a small base for crypto but very clear target of exposure and just need the time to officially compete and gain recognition from a common point of view, bear era will explode. The uptrend will not change but do not think that the green candle will be continuous, it is easy to distort the entry point

[onecall123]

At first I was Bullish but am now turning bearish this year. The market had such a good run with the Trump administration.
Also, the corona virus lockdowns attracted many new retail traders to jump into the market and many stocks are significantly overvalued.
I suspect the market will have a correction in the coming year.

Oh no,,, really? I am on the other side actually. After 63k was hit and then we went so badly down even below $30k I though this was the end of the rally but then we are making slow and steady gains.

Today also BTC despite the low price made a new record for market capitalization. This gives me some change of opinion that indeed we could be seeing a further growth until end of year.

Agreed. Different people, different mentalities. Bitcoin is up 15% and everyone says it will reach $100K. Bitcoin drops 10%, everyone says crypto winter is here. Our impatience is preventing us from realizing maximum gains. Almost everyone believes they are going to become millionaires with $500. It doesn't look like that at all. The BTC market requires patience, recently the market capitalization passed $2 Trillion, that's a positive sign.

[Raflesia]

~

~

That's actually what I do and I think it's the most common thing to do when you're a hodler, you can go for either side since you're in the market for the long-term. To be honest though, I wish the prices are going down because I want to buy more so I can accumulate more bitcoin so in the future I can sell it at a higher price when it hopefully goes up exponentially.

I don't know which one could be heard and have its market favor because some are also waiting for the market to get in bullish again while some are also wanting to dump. Because if you are buying crypto during the last ATH, I am sure to say that they are praying to get back at $60k again. But if you are already selling, it was to ask for another bear season. Somewhat it tells that the market will keep unstable forever because of this.

Anyways, this how it looks like and this is the beauty of crypto market. Well, I'd found it so amazing and being unpredictable gives some excitements, IMO.

Actually this option can be chosen which one is right, but for me to buy when it goes down and sell when the price is high there is a slight profit I don't mind as long as it's for and I won't add BTC when my pocket money situation is difficult so I will take advantage of the existing capital so the decision is whether to hold or sell when it is pumped.

The market is unpredictable but we have to have a prediction about this so that this cycle really knows a little which is the right time to take a step, so waiting for a correction/bear is not a problem for sure this will go back down again.

[elliottflz65]

I am not bullish or bearish this year I think we will hover over the <$60k mark and then we will have a slight correction to the $45-55k zone. I do not think we will set a new ATH this year but next year will be setup nicely and that is when I think we will reach a new ATH and by a big margin. I do not think we will hit $100k next year or if we do there will be a swift correction. I think going up to 100k could do more harm than good right now because a lot of people will sell and that will cause panic among the ranks.

[Golftech]

I think we are in a bullish market dimension. it's not like 2017 where investors invest only based on hype without knowing what they are investing in, and when the price drops there is a huge panic among new investors which creates a long bear market. but now investors are smarter and understand the crypto market.

From that point, it's more on  a positive side, newcomers are now wise they do their research before throwing thier money

inside this market, unlike back then where fear always behind those newbies with an artificial dumped those traders are easy

being move and losses their money. If we seen more traders who can keep their hope and trust the market bullish will continue

to comes up strong.

[sana54210]

Different people, different mentalities. Bitcoin is up 15% and everyone says it will reach $100K. Bitcoin drops 10%, everyone says crypto winter is here. Our impatience is preventing us from realizing maximum gains. Almost everyone believes they are going to become millionaires with $500. It doesn't look like that at all. The BTC market requires patience, recently the market capitalization passed $2 Trillion, that's a positive sign.

That will always be like that, I have been here for a long time and I can tell you that with 3% drop people will start making topics on bitcointalk about how the crash is coming, and reverse just like you said. However do you know what the real thing is? I mean we are talking about huge news websites and tv channels and so forth all ended up talking about how "bitcoin is done!" and so forth, like literally saying bitcoin is dying and it is going to be zero on national tv!

This is why I agree that people are crazy whenever they do something like this, I would love to actually believe that bitcoin will be 100k+ as well, but not because it went up or went down, I believe that at all times, without ever stopping. Anyone who makes crazy decisions based on small period of changes then we are going to be very very upset about what happens next.

[huu78]

Until the end of the year I believe bullish. I only refer to the 4 year cycle of btc, this proves to be almost the same overall. Maybe for the end of august there will be a correction of some % of btc and from here the bulls will occur again. This is not a prediction but my personal belief.

[OgNasty]

Until the end of the year I believe bullish. I only refer to the 4 year cycle of btc, this proves to be almost the same overall. Maybe for the end of august there will be a correction of some % of btc and from here the bulls will occur again. This is not a prediction but my personal belief.

That seems to be the common belief these days.  The only thing that scares me is that with so many people expecting this outcome, it becomes less likely to come to fruition.  I'm with you though.  The math is undeniable.  I think once the market peaks (likely in December) and begins to drop, it will be a race to the exits like never before.  We all know there will likely be an 80% drop following the next runup.  Once the market gets over $135K we're going to see volatility like never before.  A lot of people playing with leverage are going to lose everything, and a lot of holders are going to make a bundle.  Play it smart. 

[leea-1334]

Today also BTC despite the low price made a new record for market capitalization. This gives me some change of opinion that indeed we could be seeing a further growth until end of year.

Agreed. Different people, different mentalities. Bitcoin is up 15% and everyone says it will reach $100K. Bitcoin drops 10%, everyone says crypto winter is here. Our impatience is preventing us from realizing maximum gains. Almost everyone believes they are going to become millionaires with $500. It doesn't look like that at all. The BTC market requires patience, recently the market capitalization passed $2 Trillion, that's a positive sign.

And as I said yesterday when BTC made a new market cap record, it is again making new records today and I am very sure this carries on well into the Monday for next week. If it can make 7 days in a row like this, the signs for a strong rally back to ATH and beyond cannot be ignored any longer.

Gold is still also making strong progress so it is good for competition;)

[asrinur]

I think Bitcoin and altcoins are in a bull market cycle and will continue until the end of this year. But this rally seems different from the one at the end of last year. First, the all-time high has been definitively breached. Second, institutions are piling up, while the public is still largely on the sidelines. So time will tell if Bitcoin finally hits new ATH levels but previous events suggest the potential for a big move higher in the next few months.

[poldanmig]

I think Bitcoin and altcoins are in a bull market cycle and will continue until the end of this year. But this rally seems different from the one at the end of last year. First, the all-time high has been definitively breached. Second, institutions are piling up, while the public is still largely on the sidelines. So time will tell if Bitcoin finally hits new ATH levels but previous events suggest the potential for a big move higher in the next few months.

I also think that the current bitcoin price is still in a bull state, although previously the bitcoin price decreased slightly, but in the last 24 hours the bitcoin price continued to move up slowly, I think the current bitcoin price increase may be related to positive news from the cooperating coinbase with Mitsubishi UFJ Financial Group Inc to start an exchange in Japan.
Currently the price of Bitcoin is up more than 3,9% and is able to break through the $48,500 price level, if this continues of course we will likely see a price of $50,000 by the end of this month.

[sana54210]

I also think that the current bitcoin price is still in a bull state, although previously the bitcoin price decreased slightly, but in the last 24 hours the bitcoin price continued to move up slowly, I think the current bitcoin price increase may be related to positive news from the cooperating coinbase with Mitsubishi UFJ Financial Group Inc to start an exchange in Japan.
Currently the price of Bitcoin is up more than 3,9% and is able to break through the $48,500 price level, if this continues of course we will likely see a price of $50,000 by the end of this month.

I have to say this is exactly what we needed in the crypto world, the price was getting only a bit down and not a lot but just as the drop happened everyone started to think that that last 48k was the only one we could afford and it was over.

I understand that not everyone is hyped about it this time around because they saw what happened afterwards with the huge fall and everyone is afraid that we are going to get another 50% drop and that is understandable, but it is not really that much of a big deal if you ask me, it is definitely something that we should learn to live with, there are downs as much as there are ups and that's about it. I have to say that this increase however is a golden one because not only it increased which makes people happy but it increased just as people started to lose hope so it gave people renewed hope about the future.

[suzanne5223]

Today also BTC despite the low price made a new record for market capitalization. This gives me some change of opinion that indeed we could be seeing a further growth until end of year.

Agreed. Different people, different mentalities. Bitcoin is up 15% and everyone says it will reach $100K. Bitcoin drops 10%, everyone says crypto winter is here. Our impatience is preventing us from realizing maximum gains. Almost everyone believes they are going to become millionaires with $500. It doesn't look like that at all. The BTC market requires patience, recently the market capitalization passed $2 Trillion, that's a positive sign.

And as I said yesterday when BTC made a new market cap record, it is again making new records today and I am very sure this carries on well into the Monday for next week. If it can make 7 days in a row like this, the signs for a strong rally back to ATH and beyond cannot be ignored any longer.

Gold is still also making strong progress so it is good for competition;)

@onecall123, we often talk about people being impatient whereas we also forget that when the market is in an uncertain stage the best option for a common trader is to exit before making a loss.
@leea-1334, the market making a new record of capitalization does not justify anything but the level of demand and supply is what matters. However, I expect the market to be bullish and dump sometime till October before correction happens that's if the market still replicates the old halving trend.

[Vaculin]

the market making a new record of capitalization does not justify anything but the level of demand and supply is what matters. However, I expect the market to be bullish and dump sometime till October before correction happens that's if the market still replicates the old halving trend.

I think the correction already happened, Bitcoin pump to a new ATH of $64k and then it dumped to $28k, I guess it's already a big correction that the market has to suffer. Now that the market is bullish, we don't expect it to dump below $30k again, at least for a while as we never know what lies ahead.

When the market is bullish (both altcoins and bitcoin), it's hard to predict as there's no ceiling.