What is your opinion on recent bull market, will it be over soon?

[slaman29]

They don’t realize that they can go to a nice island and sip margaritas and don’t have to go back to that 9–5 cubicle, because they are too deep in the trenches.

Chilling on an island and sipping margeritas is part of the crypto life cycle as well.

Can agree with this, and it's actually a behavior brought along earlier on not from crypto. You saw it with MLM people, with stock traders, and even forex traders. Even if they made money, they also lost a lot, and they're addicted to the lifestyle and the perceived fame and admiration from others looking up to them.

Island chilling isn't really crypto life cycle, I think a lot of Bitcoin users never do different from what they always did.

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[Lucius]

The crypto market is unpredictable and all we can do is actually speculate about what will happen. What can make a difference in speculation is that it is better or worse explained using some facts based on past events, and on what other people who are of some importance to the crypto community think.

Fact 1 - halving has been an important factor in increasing the price so far, and I personally don't think we've felt its real effect yet.

Fact 2 - investors like MicroStrategy, Tesla, SpaceX, PayPal, or funds like Grayscale have not entered the crypto game in the short term - an indication that they believe Bitcoin has a good future.

Fact 3 - Bitcoin has become a legal tender in one country, and despite many trying to portray it as a crazy move by some dictator, it is still a very positive thing for Bitcoin.

Fact 4 - some well-known Bitcoin investors speculated a few years ago that 2022/23 would be the year when the price of 1 BTC would reach 6 digits - and I believe this is related to the expectation that the first BTC ETF in the US will be approved just then.

None of this is evidence or financial advice but just a set of facts that someone can interpret in the way they want.

[kayiboyu]

Have we been even in a bull market? I don't think so. We had just a perfect rally some time ago and we saw Bitcoin price nearly reaching $53k before the big fall in the price. And for some time, we are in a bull-market-like situation now. After going down to $42k and even to $39k some time later, Bitcoin price is having a tough time to recover. And I wonder when we will be able to find a way out of this.

[ScamViruS]

My opinion is that Bitcoin is still in the bull market, Bitcoin has not yet entered the bear market. If you follow the market you will understand how fast the market is trying to recover from each dump. In fact, the next target for Bitcoin is now $50000, if Bitcoin can achieve this target then we may see another new run.

So I am positive about the bitcoin market, now the next movement of the market will understand which way the market will go.

[STT]

Define recent, are we talking the rally since late July then its still valid just adjusting.   I do see us as in some down trend and if we dont beat that negative price action then we will perform continuation downwards most likely.   We do have momentum on our side still



This looks messy because its many possible trends but overall everyday has a pattern of lower highs which needs to be broke in order to become bullish.  We have resolved downwards in this way for over 4 weeks now, breaking that trend would inversely be something notable in a bullish way.    At some point it will break either way with greater volatility probable.

[GeorgeJohn]

IMHO, I believe thats the reality, it has no permanent situation in this world everything has changed, including the crypto market. Actually, we are in the transition period now, and maybe in the last quarter of the year 2021 we can see and experience it, as the bearish trend has been seen in all angles, But it's not the first time we experience it because in 2018 the longest crypto winter in the history was the worst one so just believe the crypto industry will survive through the test of time.

I agreed with you because we don't have to be specific to over cryptocurrency and especially bitcoin price or increment in price, the bear market can come anytime which in other way round its under probability, making or fixing a specific time frame or predicting that bearmarket can come anytime soon, so it's just obvious that it's an assumptions, i think bearish market of bitcoin always comes up in two years or four years time before it will manifest again.

[Slow death]

Yes it will likely be over soon.

It's still too early to wonder if it's over or not, if we look at the price we realize that it is resisting strongly above $40,000 and this is very good for us to start rising again and break the $52000 and with that it will break the former ATH. we would only have reason to worry if the price dropped below $28000, which until now seems to me to be something impossible to happen

Chilling on an island and sipping margeritas is part of the crypto life cycle as well.

in a time of pandemic with job losses, saving money and staying away from crowded places is the best option

[Wawa2013]

Yes it will likely be over soon.

It's still too early to wonder if it's over or not, if we look at the price we realize that it is resisting strongly above $40,000 and this is very good for us to start rising again and break the $52000 and with that it will break the former ATH. we would only have reason to worry if the price dropped below $28000, which until now seems to me to be something impossible to happen

Even though Bitcoin hasn't come back above the $50k price yet, right now I still think it's still in a bull market. For me the bull market is still running
and will not end until the end of the year, it sounds too optimistic. But like you said, as long as Bitcoin hasn't fallen below $30k, there's nothing to
worry about. Moreover, Bitcoin still looks strong trying to get back above the price of $50k again, I hope before the end of the year at least Bitcoin
can return to the ATH price.
 

[Kelvinid]

Yes it will likely be over soon.

That seems possible as not long had last long and in fact, we have that experience before, won't surprise me either.

We probably have until January 2022, but everything afterwards is no man’s land, where only the desperate degenerates are.

Ohh, how did you know that? You can't tell what really be going to happen, nobody could ever do that even before that is the truth.

They want to keep sitting at home looking at charts, hanging out in telegram groups and disrupting the financial system and not work in a cubicle 9–5 with a boomer boss who has no clue about what’s going on in the world right now.

But they are having fun of doing it, unlike those people who keep thinking that was a toxic lifestyle. They wanted to get informed and aware of the situation, they are investing and that is very important than roaming around, drinking beers, and suddenly lose their money. But as they care about their future, they have the reason why also they have to do this unless if you are rich.

[darkangelosme]

In my situation i thought Bitcoin pump will continue till the end of this year and will slowly decreasing at the first quarter next year as a result of that i did lose some of my funds at the market, but i did not really lose because i did not sold my coin, i will wait till it pump again .

[ene1980]

We probably have until January 2022, but everything afterwards is no man’s land, where only the desperate degenerates are.

It’s ok to be a degenerate right now and chasing 10,000% gains and memecoin pumps. It’s actually important to be a degenerate in a bull run, otherwise you miss the crazy 10,000% opportunities every bull run brings.

That is what i am expecting that the bull run will last till the end of this year and by next year we will see the bear run. I am not hunting down every projects to invest expecting it to return 1000% returns because i have had bad experience in the past and i will not repeat the same mistakes twice. When the bull run starts all of those projects will run away with the money earned and will wait for the next bull run to launch them again according to the trend at that time.

 

[traderethereum]

In my situation i thought Bitcoin pump will continue till the end of this year and will slowly decreasing at the first quarter next year as a result of that i did lose some of my funds at the market, but i did not really lose because i did not sold my coin, i will wait till it pump again .

You should remember that when the price hits the highest peak, the price will go down and no one will know if the price will be back to the lowest price before or it will stay at the middle of those prices.
The bitcoin pump can come again in the rest of these months this year as many predictions say.
But if the prediction does not happen, we need to be patient to wait for the next bull run as that will not be easy to predict when it's coming.
As long as you can hold your coin in this dip, you can sell it later when the bull run comes and remember, you need to calm down and not panic.

[slaman29]

Fact 1 - halving has been an important factor in increasing the price so far, and I personally don't think we've felt its real effect yet.

I do agree with the other facts you point out but this seems to be the constant fact that people only remember once every four years, and then totally forget about it for the following few years, while the next halving date gets closer and closer.

This to me is pure mathematics. Miners need BTC to be profitable. And if they get less, price must compensate.

[Ngemmeng]

some say the bull market is over and some say it's just a correction before bitcoin hits higher ground. personally i still believe that after this the bull market will return and bitcoin price will reach higher ATH. but if you look at the current market situation which tends to decline, it looks like the bull market will not return any time soon. maybe in early 2022 or mid 2022.

[Lucius]

Fact 1 - halving has been an important factor in increasing the price so far, and I personally don't think we've felt its real effect yet.

I do agree with the other facts you point out but this seems to be the constant fact that people only remember once every four years, and then totally forget about it for the following few years, while the next halving date gets closer and closer.
This to me is pure mathematics. Miners need BTC to be profitable. And if they get less, price must compensate.

Of course, it's pure mathematics, because that's the only thing we can calculate accurately without speculation. Currently, miners only produce about 900 BTC per day, which gives us about 27 000 new BTC per month - and that's not enough to cover current demand if we consider that MicroStrategy has bought more than 100 000 BTC in the last 1+ years, and Tesla at least more 40 000 BTC + the fact that ordinary people are increasingly realizing that the holding is making a profit for them in the long run.

Halving 2016 did not include the component of large institutional investors and we all remember what it produced - from $400 to almost $20 000 in a year and a half - halving 2020 for now had a score of x9 (from $7k to $63k) - I think there is more space for progress.

[Anonylz]

I just have a positive feeling Q4 will be good for crypto, there will be more green than red in the market, am not sure if it will be enough to bring bull run, or enough for btc to hit ath, so far, the market has not dip below 40k so it may be able to stay above 40k and then go upward.

[palle11]

I just have a positive feeling Q4 will be good for crypto, there will be more green than red in the market, am not sure if it will be enough to bring bull run, or enough for btc to hit ath, so far, the market has not dip below 40k so it may be able to stay above 40k and then go upward.

The market is been dragging around $42k and currently at $42,102 . This may be significant that the price has not picked a particular wave of trend to follow. December is still about three months counting from now and most speculation still favouring the bull in the end but I'm not seeing the chart in my own eyes to get a prove of the market direction for the year ending.

[slaman29]

Of course, it's pure mathematics, because that's the only thing we can calculate accurately without speculation. Currently, miners only produce about 900 BTC per day, which gives us about 27 000 new BTC per month - and that's not enough to cover current demand if we consider that MicroStrategy has bought more than 100 000 BTC in the last 1+ years, and Tesla at least more 40 000 BTC + the fact that ordinary people are increasingly realizing that the holding is making a profit for them in the long run.

Halving 2016 did not include the component of large institutional investors and we all remember what it produced - from $400 to almost $20 000 in a year and a half - halving 2020 for now had a score of x9 (from $7k to $63k) - I think there is more space for progress.

I definitely remember what it produced, and even the halving previous to that which I wasn't around for, hard to ignore the pressure of simple mathematics on supply and demand. Liquidity seems "high" now but only because of price that is trending upwards. Actual coins floating around, from 2016 when we still had faucets to today when even minimum withdrawals and buys are no longer what is called small change, people will realize it more and more, but not before halving reminds them again. Here we go Bitcoin!

[proudhon]

What is your opinion on recent bull market, will it be over soon?

The "bull market" is conclusively over.

[Kyraishi]

You can never tell.

Cheap money printing is still happening at an immeasurable scale, and the crypto community is surging like never before.

Don't think that you can time the market and snag up cheap coins at the bottom. Because the bottom, or a 2018-esque bear market, may never come.