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

[leea-1334]

The "bull market" is conclusively over.

As much as I believe there is still room for growth,,, and that the belief most people have that the price will continue to make a new ATH before end of 2021,,, I have to agree and say that it is over now. All the TAs are failing and the sideways movement is getting lower and lower.

Despite this,,, it is actually not bad news to start making a floor at this level.

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[ethereumhunter]

I do not think that the bull market will be over soon as bitcoin will have more chances to rise so high than the last ATH, whether it will happen until the end of this year or next year. But we need to be patient waiting for the bull run and I think we still have time to buy many coins at a low price. Once the bull run comes, we are ready to sell many coins and make a big profit. We will see that our portfolio will increase slowly and it can blows when the bull run comes.

[Ararbermas]

Yes it will likely be over soon.

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.

However, many crypto investors have become addicted to crypto and it has become most their main identity.

Then, once the bull run is nearing its end, they don’t want to lose this identity and their current lifestyle.

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.

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.

actually mostly investors or traders in the space were waiting only for the bull run to end then dump to save their profits, for me in my view probably the dumper is higher than holder wherein reason market always suddenly turn into bearish mode without further do. But yeah no matter what happen we should accept the fact, indeed there's a lot of opportunity in crypto so we must stick to those projects that can guarantee after all despite of the situation of the market because that's what it's..

[Hippocrypto]

Bull market hasn't come to an end, but we also need to consider different factors that that delay all possible scenario which was making it difficult everytime market crashed. Corrections always tend to happen specially when fud and other news pertaining to china which is really devastating to traders because many people usually easy to become affected. Emotions and main stream media is highly monitored by focused traders, sometimes they're more dependent with that, so it's really one of the biggest contributor.

[milewilda]

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.

It might never come or less likely to happen because speaking with recognition and adoption then its really hard to believe that we would really be going that low but hey everything could be possible
and also speaking with recent bull market then we cant really tell on when it would be over because this price changes could always be a bumpy ride, stablizing or very unpredictable
on any case which it really makes it harder for you to read up on what would be the possible next movement on next second,minute or hour or days or months.
When you do deal with this market then prepare with those scenarios.

[timerland]

Yes it will likely be over soon.

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.

I don't necessarily think that it's going to be as disastrous as you make it out to be.

Will these current outsized gains come to an end finally? Absolutely.

But I think that the idea that the crypto market is simply going to crash and burn is ridiculous. The long term prospects and growth opportunities for crypto is still extraordinarily strong.

[el kaka22]

Looking at the price increase in 1st of October, we could say that it is not over at all. It also doesn't mean that it is going to be breaking ATH anytime soon but it also doesn't mean that it is over neither. It is somewhere in between, it is at a level where we could easily say that market is doing fine, but we could also say that it is not going to be horrible neither. I assume that 40k to 50k range where it goes up and down will continue for a while longer.

Sometimes it goes close to 50k or even break it a little bit and then it suddenly crashes and stays there for a while, that type of ups and downs will happen. What people do not realize is that bitcoin is not something that is volatile outside of a vacuum, it might have a 10% move in a single day, but that move will be between 40k to 50k and we know that, which is why such a huge move doesn't impact us too much.

[palle11]

I don't know when will it end but it will definitely end somehow, bull market isn't supposed to last for a really long time so it's not really that surprising that it's going to end, and we don't have to be sad about it, a bull run might end but it will always come back.

Talking on bull run not to last for a long while I think this time or year has been different from 2017. Since last year that the price started going up, I do believe that is bull rally and it has lasted and it has lasted until now with little drop for correction and I think correction is right for the market. I believe this bull rally has been progressing with minor stops, it has largely been bull rally and because the adoption is far different from 2017.

[sujonali1819]

After bitcoin passing the 50k the market condition is really bullish from BTC end. $50k was a very big resistance, so it was passed and still holding the price above $53000. If this keep for two and more days I think we can see a massive price increase for the OLD alts.

So as I am now thinking the Bullish market still possible. Even we can see another ATH soon.

[Yaunfitda]

After bitcoin passing the 50k the market condition is really bullish from BTC end. $50k was a very big resistance, so it was passed and still holding the price above $53000. If this keep for two and more days I think we can see a massive price increase for the OLD alts.

Usually this kind of whole numbers are resistance, but boy when bitcoin broke it, next stop will be the next whole numbers. So I usually look for the next possible target which is the obvious, $60k now. Don't bother to look at $53k resistance or $58k. The FOMO will be $60k or new all time high.

So as I am now thinking the Bullish market still possible. Even we can see another ATH soon.

Right, soon we might established a new all time high, probably in the $70k++ and this hype train will continue up to December 2021.

[DeathAngel]

We have 2-3 months still to go, we haven’t even had a real blow off top yet so there’s still definitely time to go in this bull run. $100,000 per coin still in play this year.

[Kittygalore]

We have 2-3 months still to go, we haven’t even had a real blow off top yet so there’s still definitely time to go in this bull run. $100,000 per coin still in play this year.

I do hope that we do get to that point, I'm really excited about this because if this is going to be reached, then it's not really that crazy anymore to think that bitcoin will probably reach a million dollars.

[skarais]

No, I hope this is just the beginning for another bull towards the end of the year. But there's no way the bulls will continue to gore and the bears won't keep scratching non-stop. This cycle will continue to be something that excites bitcoin users and makes investors interested in always supporting it. See how Chinese FUD no longer has much influence on price movements and it would be safe to assume that the bulls will continue. Look, we almost hit ATH $64K and now it's only between 10K again. If the $60K resistance is broken then I will be very sure bitcoin will hit its new ATH again.

[Finestream]

No, I hope this is just the beginning for another bull towards the end of the year. But there's no way the bulls will continue to gore and the bears won't keep scratching non-stop. This cycle will continue to be something that excites bitcoin users and makes investors interested in always supporting it. See how Chinese FUD no longer has much influence on price movements and it would be safe to assume that the bulls will continue. Look, we almost hit ATH $64K and now it's only between 10K again. If the $60K resistance is broken then I will be very sure bitcoin will hit its new ATH again.

I am also seeing bitcoin starts to be bullish again and now that its price is already $54,054 then i can tell that we are already heading to $60k and then next stop will be its road to its new all time high hopefully. Although the market has always its price corrections from time to time, but there's no way it can drag down the price of bitcoin. Even the recent China FUD never created a huge impact on bitcoin, so how much more with this minor price corrections. It can even push bitcoin  to move upward as fast as it can.

[Spack17]

First of all, I don't think that this is a bull run going on right now. I think that this is a wonderful rally and hopefully it will last a long time this time. Because Bitcoin price nearly reached $56k today and more of it can come in the coming days. I wouldn't like to see this run ending before witnessing a brand new ATH price for Bitcoin. It is really time I believe.

[XCANA]

Some speculators are of the believe that the real has not start yet and there is a tendency that Bitcoin price may fall down to $40k before serious one will start and that will help those will want to buy at the cheaper rate. Some are of the believe that we might see Bitcoin price at $40k again believing that the serious trend has started and there is no going back.

[rodskee]

Yes it will likely be over soon.

20 days after this post yet the value stays climbing right?

so when was that Soon you are talking about? are you just telling people to sell their coins to drop the price and you will invest in advantage of lowering value?

https://coinmarketcap.com/

check this market cap and you'll see how strong the market still.

[TravelMug]

First of all, I don't think that this is a bull run going on right now. I think that this is a wonderful rally and hopefully it will last a long time this time. Because Bitcoin price nearly reached $56k today and more of it can come in the coming days. I wouldn't like to see this run ending before witnessing a brand new ATH price for Bitcoin. It is really time I believe.

Lol, then how do you call this massive climb from $42k to $57k? Not a bull run?

We have seen the last leg up, $28k is the lowest low and that is the best time to enter the market. And look at the price today, it already more than double.

So it won't be over soon, it might have just started this October and leading to the December massive spike to 6 digits.

[traderethereum]

Some speculators are of the believe that the real has not start yet and there is a tendency that Bitcoin price may fall down to $40k before serious one will start and that will help those will want to buy at the cheaper rate. Some are of the believe that we might see Bitcoin price at $40k again believing that the serious trend has started and there is no going back.

Hopefully, bitcoin will not fall to $40k because bitcoin already has that experience and now, the price is up to $50k, which can increase more than that.
The bull will come after this and maybe it will stay on the market until the end of this year or in Q2.
That is a prediction from many people and if that really happens, we will have a chance to make a big profit soon.
But we still need to be careful with any correction that comes because if the price reaches the high peak, it will go down and make a correction.

[justdimin]

Just because we had a drop doesn't mean that we are done now, we are still doing fine. Do not believe all the FUD you see, yes there will be down moment and that is a bad thing but do not assume that all those down moments will be horrible neither, some of them will be places where you can buy and get better. I personally believe that we are doing fine right now and this is just a drop where it gives people a chance to buy some more.

I understand that corrections are natural part of crypto trading world and day traders might be having a little trouble because of the drop, but if they could hold it like a bag and wait for a while then we could end up doing a lot better in the future when those bags turn into profits. Of course, it will be nerve wrecking to watch something you won to constantly keep going down but it is also not impossible neither so all we need is patience.