Why do we need a bull market blow off top ?

[UmerIdrees]

As you know everyone is looking the final blow of top for the bitcoin bull market like it happened in 2017. I have a serious question that why we need a big blow off top to conclude the bull market and enter a bear market.

Consider for a moment that Bitcoin prices moves to all time high of around 130,000$ and then in the next week we are at 90,000$ and then slowly we moved towards 30,000$. Why everyone wants this blow off top ?

Why can't bitcoin stay between 40K to 60K and slowly moves towards 100,000K taking 6 to 8 months and no bear market. Wouldn't it be good for everyone?

[Lucius]

Maybe because there are people who just want to profit from Bitcoin? It is important for them that the price reaches a peak as soon as possible, which will mark the exit point and their conversion into fiat. After that, it is only important that Bitcoin repeats its show, which means as much correction as possible and a new beginning of the game "buy low, sell high".

And it is more than obvious that 2021 bears no resemblance to 2017, as the price is still $20 000 higher than at the end of last year and it is possible that the positive trend will continue in 2022. I guess there are a lot of those who wanted the bear market so badly that they are not happy about how this year ends. Bitcoin has once again proved to be a tough nut to crack, despite some so-called experts being convinced of it.

[DaveF]

Why can't bitcoin stay between 40K to 60K and slowly moves towards 100,000K taking 6 to 8 months and no bear market. Wouldn't it be good for everyone?

Technically that is a bull market. If it keeps going up it's bull, if it keeps going down it's bear.
What we don't want as people in it for the long term are rapid jumps in both directions. That just makes everyone twitchy.

There are a lot of people who react without thinking when the price spikes up or down quickly that is what we don't want.

-Dave

[StarKay]

Why can't bitcoin stay between 40K to 60K and slowly moves towards 100,000K taking 6 to 8 months and no bear market. Wouldn't it be good for everyone?

Bitcoin has been hijacked by whales who would like to profit off the swings, without the rapid movement of price in either direction it will not be a profitable investment for them.
What you hope for is hard to achieve until Bitcoin is widely spread such that the whales lose their grip on Bitcoin.

[Theones]

Why can't bitcoin stay between 40K to 60K and slowly moves towards 100,000K taking 6 to 8 months and no bear market. Wouldn't it be good for everyone?

Bitcoin has been hijacked by whales who would like to profit off the swings, without the rapid movement of price in either direction it will not be a profitable investment for them.
What you hope for is hard to achieve until Bitcoin is widely spread such that the whales lose their grip on Bitcoin.

Whales are called whales since they invest money and trust in bitcoin when it's down and out. How many of us bought bitcoin  when it was 1$, 10$ or 100$? There were not many, most of us are busy making fun of bitcoin at that time. It's whales who were busy buying and mining bitcoin on there laptops at that time. These are my few satoshis about whales, now they are manipulating the market which is not liked by small fishes.

[mk4]

Pretty simple. We don't really "need" it; it's just that lots of people are expecting a blow-off top like what we had in December of 2017 so they can hopefully dump their bags at the peak and relax and wait out the expected 3-year bear market. Yea, like everything will happen the exact same way.

[BlackHatCoiner]

Some want it, some others not. If you ask me, I don't want to have a bull market that will last for 3 months followed by a bear market that will last 3 years. Easy vibes with easy candles. Please don't inflate, cause when the bubble bursts, the ones who'll use it as a currency, honestly, will take the rap.

Yeah, I love seeing by balance have a 2x within few weeks, but that usually doesn't last long.

[Argoo]

Participants in this market need high price volatility in order to sell high and buy low. This is the basic law of this market. The sharp drop in prices also allows one to get rid of the weak hands of doubters who immediately start selling their assets in cryptocurrency. Therefore, we always want to see a high price rise in our cryptocurrency and do not mind falling prices in the market after taking profit. Such a surge in prices allows us to make a decent profit.

[kryptqnick]

As you know everyone is looking the final blow of top for the bitcoin bull market like it happened in 2017. I have a serious question that why we need a big blow off top to conclude the bull market and enter a bear market.

Consider for a moment that Bitcoin prices moves to all time high of around 130,000$ and then in the next week we are at 90,000$ and then slowly we moved towards 30,000$. Why everyone wants this blow off top ?

Why can't bitcoin stay between 40K to 60K and slowly moves towards 100,000K taking 6 to 8 months and no bear market. Wouldn't it be good for everyone?

I'd honestly be okay if Bitcoin were to, say, stabilize forever around $50k. It's a great price, and then people could be more inclined to view it as a form of money rather an investment. But that, of course, wouldn't be good for traders or long-term investors. Regarding people who want the bear market, it's most likely because they feel that the price is too high to invest now, and they want to buy the dip. So for greedy people, it would not be good if Bitcoin never went into the bear market. As for the actual risk of Bitcoin getting there, I think we already saw it go down from more than $60k to $30k, so I think we're past the bear market now. Bitcoin can still move up and down, but given how things have been over the last couple of years, I don't think we'll see a long bear market (similar to that of 2018-2019) anymore. Bitcoin's too popular, and enough people buy the dip for that to repeat.

[BIT-BENDER]

Pretty simple. We don't really "need" it; it's just that lots of people are expecting a blow-off top like what we had in December of 2017 so they can hopefully dump their bags at the peak and relax and wait out the expected 3-year bear market. Yea, like everything will happen the exact same way.

Any one expecting the event of 2017 is just a scavenger looking to pound on what Bitcoin can offer, personally I don't check the price value of Bitcoin all the time because I am not a short term investors, I don't even consider myself an Investor I see myself as a Bitcoin enthusiast that would forever be in Bitcoin no matter it falling or rising price, that what we really need now for maximum adoption of Bitcoin and crypto-currency in general.

[cryptomaniac_xxx]

As you know everyone is looking the final blow of top for the bitcoin bull market like it happened in 2017. I have a serious question that why we need a big blow off top to conclude the bull market and enter a bear market.

Consider for a moment that Bitcoin prices moves to all time high of around 130,000$ and then in the next week we are at 90,000$ and then slowly we moved towards 30,000$. Why everyone wants this blow off top ?

Why can't bitcoin stay between 40K to 60K and slowly moves towards 100,000K taking 6 to 8 months and no bear market. Wouldn't it be good for everyone?

And why you would wait for a long time when you can profit huge when the price goes to $130k?

Investors knows how to mitigate the risk and hedge everything when the price is going down. And I would say it's inevitable, if the price goes up because of a massive bull run, sooner or later the bubble will burst. And so far we haven't seen the price going steady for months or years, it's either we have a bull run, a massive spike or a complete opposite in bear market.

[hatshepsut93]

People expect a repeat of the past, the "want" it because it's something that would be easy to profit from.

Why can't bitcoin stay between 40K to 60K and slowly moves towards 100,000K taking 6 to 8 months and no bear market. Wouldn't it be good for everyone?

Yeah, you can dream about Bitcoin going up without ever going down, but the reality is, it's a volatile market that is prone to having bullish and bearish periods. And you can make money by selling high, buying back low and then selling high again.

[batang_bitcoin]

Why can't bitcoin stay between 40K to 60K and slowly moves towards 100,000K taking 6 to 8 months and no bear market. Wouldn't it be good for everyone?

It is because of the volatility. As much as we want bitcoin to stay at that prices because there's security to us that it's better to be on those prices, we just can't let it stay it there because it moves up and down, slowly and sometimes rapidly within a few hours. It's good for everyone that we have the price stable for bitcoin to conclude how much we've got in our portfolio and stays there. But as always, bitcoin has been volatile and whether we want it or not to stay at the high prices, time will come that it will have its correction.

[chaser15]

As you know everyone is looking the final blow of top for the bitcoin bull market like it happened in 2017. I have a serious question that why we need a big blow off top to conclude the bull market and enter a bear market.

I have to disagree with you. Do you have any solid proof that everyone is looking for that big push? Whales are playing with the market. Not all, even whales, are bound to buy back at a high price to consider.

Consider for a moment that Bitcoin prices moves to all time high of around 130,000$ and then in the next week we are at 90,000$ and then slowly we moved towards 30,000$. Why everyone wants this blow off top ?

I don't see that scenario will happen. As I said, there's always an attempt to crash the momentum of the bull trend.

For some traders, they don't want that the trend will always go up. Instead, they like a price swing. It's more profitable than a serious holding for long according to their investment point of view.

[d5000]

I think a primary reason for the blow off tops in 2011, 2013 and 2017 was that Bitcoin was still not so well-known to the average investor. So they weren't informed about the real advantages, but also the challenges (like scalability) that are characterizing this asset.

If you don't really know what Bitcoin is about, and then you see the price increase so sharply like in the last months of 2017, then you maybe will think that there is "a revolution going on that you don't understand" and you will invest blinded by FOMO. This was fueled additionaly by the altcoin and ICO craze in that year.

In 2021 this has changed. Almost all major media networks in the world regularly report on Bitcoin and cryptocurrencies. Most people (with a certain level of education) know about cryptos. And BTC/USD prices are reported e.g. in the finance/economy/business TV channels.

So while I think there will be still volatility, this "revolution I don't understand"-thing that may have fueled the last rallys is losing importance. So most investors are better informed, they know more about Bitcoin's characteristics, advantages and challenges (and this is imo also the reason why Ethereum hasn't "taken over" the crypto market - most people now know that it is significantly more centralized than BTC and has another disadvantages). All these things in my opinion make a "final FOMO-driven blow off top" much more unlikely now.

The good thing is: this means that also the extremely deep crashes of 2013 and 2017 are more unlikely now. Bitcoin is maturing, and more and more people now know that it's a revolution. But they understand why, and why it's perhaps still not ready for adoption by billions of persons (but indeed for adoption by hundreds of millions).

[Oceat]

Why can't bitcoin stay between 40K to 60K and slowly moves towards 100,000K taking 6 to 8 months and no bear market. Wouldn't it be good for everyone?

It is because of the volatility. As much as we want bitcoin to stay at that prices because there's security to us that it's better to be on those prices, we just can't let it stay it there because it moves up and down, slowly and sometimes rapidly within a few hours. It's good for everyone that we have the price stable for bitcoin to conclude how much we've got in our portfolio and stays there. But as always, bitcoin has been volatile and whether we want it or not to stay at the high prices, time will come that it will have its correction.

And do you know what was the reason why it moves up and down? We all know it's because of the volatility of the market but do you know why? It's because of the traders and not every traders are the same, some are easily to panic when there's a FUD and some will just hodl until it's the right time to sell. "Buy low, and sell high" that's what driving the others to trade and we can't expect everyone will do the same. It's better if there's a blow off top so that the market could sustain longer and steady run unlike in 2017, you will see that there's no blow off top during that time, the market didn't just hit its peak but it's continuously moving upward and I think most people that time aren't aware of the price correction that's why the market just went down continuously until it hits a bottom just because a FUD from China and a hacking of the exchanges.

[sheenshane]

IMO, Bitcoin fluctuation is simply the norm and it will always remain like this.  

There are two kinds of investors who had opposite reactions during this fluctuation, the holders that potentially sell when there's a bull market and the new investors that hoping that Bitcoin has a correction to begin to invest in Bitcoin and the cycle will repeat when new investors become a holder and wanted to make a profit and the holder become to reinvested and waiting for the opportunity that Bitcoin price will at in the correction stage.

Good thing that Bitcoin has gained more investors and the law of demand and supply will determine this stuff.  It will not surely have a price dip the same as before like in 2017.

[Dhaniii]

Why can't bitcoin stay between 40K to 60K and slowly moves towards 100,000K taking 6 to 8 months and no bear market. Wouldn't it be good for everyone?

It is because of the volatility. As much as we want bitcoin to stay at that prices because there's security to us that it's better to be on those prices, we just can't let it stay it there because it moves up and down, slowly and sometimes rapidly within a few hours. It's good for everyone that we have the price stable for bitcoin to conclude how much we've got in our portfolio and stays there. But as always, bitcoin has been volatile and whether we want it or not to stay at the high prices, time will come that it will have its correction.

actually bull market and bullrun has its own advantages and we really need both. the bitcoin market has a very good balance in my opinion, when the market has hit a strong hit it needs a strong catch to keep the market under control.

[rodskee]

As you know everyone is looking the final blow of top for the bitcoin bull market like it happened in 2017. I have a serious question that why we need a big blow off top to conclude the bull market and enter a bear market.

Because people aren't contented in what 2021 brings them from the start of the year, or there are so many greedy people here that keeps on asking when the truth is they are not contributing at all.

Consider for a moment that Bitcoin prices moves to all time high of around 130,000$ and then in the next week we are at 90,000$ and then slowly we moved towards 30,000$. Why everyone wants this blow off top ?

that is a pure proof of how manipulated the market and not healthy anymore.

Why can't bitcoin stay between 40K to 60K and slowly moves towards 100,000K taking 6 to 8 months and no bear market. Wouldn't it be good for everyone?

That is the sign of a Healthy marketing , when the price is moving up slowly but not having a Huge correction at time.

[franky1]

people that bought at say $50k-$65k want 2 things.

1. to get the price up (more bull) to $100k-$130k so they can profit and exit
2. to get the price down (a bear) to $25k-$32k so they can buy more at 50% discount than initial purchase