As some people want bulls some people want bears, bitcoin like season

[worle1bm]

Like they say, "one man’s hell is another’s paradise lost”. While companies like Coinbase Global Inc., Gemini Trust and BlockFi Inc. are in "hell" right now, I am here low key wishing and praying the price go further down so that I can have the opportunity to join the leagues of wholecoiners. Well, let's see how long this bearish market would last.

The past few days have been little recovery phase for bitcoin and prices have went up $20k also showing good signs but that's good approach to get more coins at cheap rates as you might not be able to see them again for long period.The profit margin eventually rises and you can have more btc with the same amount you are willing to invest.So hope now they go up rather then going down any further.

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[The Cryptovator]

A lot of people still don't know the exact definition of Bitcoin from where the problem has begun. Even many investors don't understand Bitcoin and just invest for profits. A major part thinks it's an investment protocol where they could multiply their investment. They are the ones who cry during bear and always expect bull run which is quite impossible. There will be always bull/bear since Bitcoin highly volatile cryptocurrency. Those who are holding fiat and want to invest in dip will expect a bear market to take advantage. And we can't expect all the people's opinions about cryptocurrency will be the same.

[davis196]

One thing I like about the cyclic "boom and bust" nature of Bitcoin is that it's way easier for the market to enter a FOMO phase, when the price is low. Imagine if the current BTC price was 70K USD. Many traders and investors would be hesitant to invest and the selling pressure would be enormous. Luckily for us, the current price is 20K USD and we've seen Bitcoin getting out of the all time low and reaching a new ATH multiple times across the years. It seems way better to buy at 20K and expect a 70K ATH rather than buying at 60-70K and expecting a hypothetical 100K  USD or more.
This would make many traders and investors more confident into buying BTC, when the bull run occurs.

[Poker Player]

Small-time investors achieve the 1 BTC dream as Bitcoin holds $20k range

With BTC recently trading at the $20,000 range for the first time since 2020, small-time investors found a small window of opportunity to achieve their dream of owning at least 1 BTC. On June 20, Cointelegraph reported that the number of Bitcoin wallet addresses containing one BTC or more increased by 13,091 in just 7 days.

While the total number of addresses holding 1 BTC saw an immediate reduction in days to come, the crypto community on Reddit continues to welcome new crypto investors that hodled their way into becoming a wholecoiner.

Interesting fact. I believe that many people have the goal of getting to accumulate a Bitcoin and leave it there untouched for a long time. Like those who invest in a retirement fund or buy gold to pass it on to their children and grandchildren.
As more Bitcoin is mined and more halvings happen, the purchasing power of Bitcoin will rise inexorably. Whoever is able to hold a Bitcoin will have a treasure.

Apart from that, there are people who may have a Bitcoin accumulated at different addresses for privacy. So there will be many more people than the ones mentioned in the news.

[lovesmayfamilis]

I see all the jumps up and down the price of bitcoin as a live-action of bitcoin to attract more and more interested people to its existence.

Bitcoin regularly creates situations so that those who could not buy can do it at a more attractive price.

As a result, the number of bitcoin holders can be replenished on a regular basis. Those who lose and are disappointed in bitcoin, it appears, should not have had it in the first place.

This is how the community grows stronger, precisely by those people who must believe in and understand the value of bitcoin.

[Wexnident]

Well, it's definitely understandable, A lot of people may think that the current state is a mess but considering the history of Bitcoin, big dumps like this are big opportunities for a lot of people to get a sizeable amount of Bitcoin. I myself would really want to buy more than what I have right now but the funds I can afford to lose only amount to this much.

It's kind of hilarious how we've seen the exact same cycle quite a few times already and yet people still keep on the FUD coming. That's just how it goes I guess, it's like the more people who enter into Bitcoin and accept crypto, more people also go against it and hate it.

[taufik123]

Well, it's definitely understandable, A lot of people may think that the current state is a mess but considering the history of Bitcoin, big dumps like this are big opportunities for a lot of people to get a sizeable amount of Bitcoin. I myself would really want to buy more than what I have right now but the funds I can afford to lose only amount to this much.

It's kind of hilarious how we've seen the exact same cycle quite a few times already and yet people still keep on the FUD coming. That's just how it goes I guess, it's like the more people who enter into Bitcoin and accept crypto, more people also go against it and hate it.

who doesn't want to increase their bitcoin assets when they see the current state of the market. This is a good opportunity, but because the reserve fund has run out and there is no more left, then we just need to hold it until we reach the price target we want to achieve. Silklus bitcoin is indeed the same, when the market is in bearish mode as it is today, of course a bull market will come, just need to be patient and don't panic. Those who do FUD only want to buy bitcoin at the cheapest price. The more people like it, the more people hate it, because bitcoin is already known by everyone in the world, the pros and cons are common.

[348Judah]

The price of bitcoin can not continue to increase, it is just like season, the sun and the rain. The bull season is gone for now, the bear season came and still around, the bull season is coming again

It's we human being that failed to realise some reality about life, one says nothing in live last forever, even our lives aren't parmanent, when bitcoin price goes volatile, there's always a created fUD about it and this makes some term it as the name it is not, to the best of my knowledge, bitcoin is the only opportunity that makes and balance equality among men all over the world which fiat cannot.

[cryptoaddictchie]

Do you know the irony of the matter. If I say it people may get mad at me. The fact is that I am praying that bitcoin should remain within 19k to 21k zone till October this year, so that I could buy. It is by that time that I will have the fund to buy bitcoin.
Op has just said it, as some wants bull, some wants bear, and I am among those that wants bear for now.

Not really. Yea for those who are trapped with a higher entry and seeing you wishing the price to go bit lower or at least stay in this level will let you be criticize by those guys since they wanted to get their capital but the market will decide for that. If its gonna pump then so be it. No matter what we wish or aim, we cant do such things to stop it though.

[Lucius]

I don't believe that there are as many as 13 000+ users who became owners of 1 BTC in just 7 days, but that this may be a result of some owners just distributing their BTC to multiple addresses, which is nothing new that we haven't seen yet. I’m not saying that some of all of these cases aren’t unique, but analyzing a blockchain is mostly in the realm of conjecture and the same data can be interpreted in multiple ways.

They are the ones who cry during bear and always expect bull run which is quite impossible. There will be always bull/bear since Bitcoin highly volatile cryptocurrency.

It’s no secret that most of those who invest in Bitcoin are interested in profit (mostly in the short term), but that’s always risky since they don’t know how to estimate when we’ve peaked and when they need to sell. Indecision combined with greed ends up costing them dearly - and instead they could profit by selling from $50k upwards instead of waiting for $100k.

[buwaytress]

I don't believe that there are as many as 13 000+ users who became owners of 1 BTC in just 7 days, but that this may be a result of some owners just distributing their BTC to multiple addresses, which is nothing new that we haven't seen yet. I’m not saying that some of all of these cases aren’t unique, but analyzing a blockchain is mostly in the realm of conjecture and the same data can be interpreted in multiple ways.

Yeah, and I always take the term "users" with a large megacrab pincer of salt. I don't see speculators/traders having some wallet app on their phone to look at lovingly/despairingly before they go to bed as users.

Exchanges probably also do this to some degree, or I would in any case, spread out security and management risks over multiple hot wallets.

Also probably many drawn-out cases of one big liquidator "derisking" at around 20k, and then many smaller ones taking up enough to top up their balances to 1 BTC. I know the big one Bitcoin was also my target some years ago, did all I could just to see that in my wallet. Imagine it's still the dream for many others.

So many different possibilities, too simple to say 13,000 users simply thought the price was right.

[virasisog]

Some people thought bitcoin is a ponzi scheme, some thought it is a scam, but bitcoin is neither a ponzi or a scam, hope some people will lot be foolish until they realize it it the benefits they can earn from bitcoin holding. 

Some people always say negative things about Bitcoin even after seeing how profitable it is and how investors benefited from it during the ATH. They still doubt it and think of it as scam without even realizing that there's no proof that it's really a scam but the value and advantage of using it are too visible. I guess those people are just in the stage of self-denial but then, later on, they will regret the times when they are throwing negative accusations at Bitcoin instead of investing in it.

[ethereumhunter]

The price of bitcoin will continue to fluctuate, so we have to be careful in buying and selling because otherwise, we could miss out on the best moments to buy and sell. If now is the time when the bear market is holding on to the market, then this is a good opportunity to buy bitcoin and hold it until the bull market comes along and sells bitcoin at the highest price. But if the bear market continues to last until next year, then we have to be more patient and we can get the best time to buy bitcoin at a low price.

[SirLancelot]

The price of bitcoin will continue to fluctuate, so we have to be careful in buying and selling because otherwise, we could miss out on the best moments to buy and sell. If now is the time when the bear market is holding on to the market, then this is a good opportunity to buy bitcoin and hold it until the bull market comes along and sells bitcoin at the highest price. But if the bear market continues to last until next year, then we have to be more patient and we can get the best time to buy bitcoin at a low price.

Fluctuations is staple in bitcoins as this is its nature. To be able to solve the issue of not missing the best moments, we should not do an all in, whether we buy or sell because it allows us to have something and we can use that in case there are a better opportunity that will come.

If the bear market continues to last until next year then I think this is going to be a new record for the longest running bear in the history of cryptocurrencies. It is a long wait and will be a real struggle for those who are a long term hodler but anyway the only thing that most crypto people want now is the bull not the bear because we have been over fed with it already.

[wxa7115]

Some people thought bitcoin is a ponzi scheme, some thought it is a scam, but bitcoin is neither a ponzi or a scam, hope some people will lot be foolish until they realize it it the benefits they can earn from bitcoin holding. 

Some people always say negative things about Bitcoin even after seeing how profitable it is and how investors benefited from it during the ATH. They still doubt it and think of it as scam without even realizing that there's no proof that it's really a scam but the value and advantage of using it are too visible. I guess those people are just in the stage of self-denial but then, later on, they will regret the times when they are throwing negative accusations at Bitcoin instead of investing in it.

It is better to ignore them, those people always likes to concentrate on the short term fluctuations in the price of bitcoin and take advantage of it when the price is going down.

However anyone that is willing to take a look at the charts can see that over the last decade the average price of bitcoin is always growing, there are some ups and downs along the way but that is true for any asset in existence, so we need to ignore those malicious voices as they do not really have our best interests in mind and they just want to increase the number of people that have lost their money to make their argument even more convincing.

[Rockstarguy]

Bitcoin is not just about the bullish market but also about the bearish market, these two market value are both important just like the way raining and the sunny season are important.  The market can't be bullish forever , their is need for the bearish market for investors to have the opportunity to buy bitcoin. It is only greedy invesrors that will expect the market to be always bullish , that is why they always feel panic when they experience bearish market. Without a bearish market their wont be better opportunities for investors to make new set of profits.