I am Bullish On Bitcoin Despite Bear market

[ethereumhunter]

I'm still in a bullish position now, even though the price tends to experience a sideways mode and is still stable at the current price range. Maybe there will be a surprise after the new year and let's hope it's the price increase we've been waiting for. But we also have to be prepared if the price drops again and don't panic because that is a good moment to buy bitcoin and increase the amount of bitcoin we have. Moreover, next year is just around the corner and after that, we enter the first week of next year so anything can happen. Have your money ready if you feel it is the right time to buy bitcoins.

[ShowOff]

I dunno, I don't think I need to trust the lines in the image, but I can understand what your analysis is for.
Even if bitcoin actually has a two direction, most of us only seem concerned with being bullish in the long term. The journey will not be smooth, that is due to fluctuation based on various condition including global economic condition, but in the long term we believe more bullish than bearish.

Have your money ready if you feel it is the right time to buy bitcoins.

Of course they need to think about it, the 75% off ATH should be taken advantage of even if they need to consider DCA.

[Ayers]

~~ Although its sad to see BTC still didn't decouple from traditional finance, I'm still up to seeing the long-term RSI indicator to be a good buy even on $16500.

It is a fact that many people do not want to accept, bitcoin is a decentralized asset, but it cannot escape the constraints of the current economy or financial industry. Once this problem is not solved, bitcoin will hardly be considered as a hedge against inflation. 2022 was a challenging year for bitcoin as we had inflation and what happened was not what we expected bitcoin also depreciated due to inflation. But if we can keep it long, maybe until the next crisis, inflation, perhaps it will work.

We may not have bottomed yet, but I believe we are very close to the bottom, so there is no reason to wait and not buy.

[virasisog]

~~ Although its sad to see BTC still didn't decouple from traditional finance, I'm still up to seeing the long-term RSI indicator to be a good buy even on $16500.

It is a fact that many people do not want to accept, bitcoin is a decentralized asset, but it cannot escape the constraints of the current economy or financial industry. Once this problem is not solved, bitcoin will hardly be considered as a hedge against inflation. 2022 was a challenging year for bitcoin as we had inflation and what happened was not what we expected bitcoin also depreciated due to inflation. But if we can keep it long, maybe until the next crisis, inflation, perhaps it will work.

We may not have bottomed yet, but I believe we are very close to the bottom, so there is no reason to wait and not buy.

Bitcoin and the whole market are hardly affected by the economic crisis and it will never be exempted. However, Bitcoin could still resist and recover if ever the situation gets better. Others may fear the current market condition but tough and experienced investors are still waiting for the bottom to buy and take advantage of it. The right mindset really works during this situation so we should always look at the brighter side of the bearish season.

[Kgdktac]

Being bullish on an asset does not guarantee that its price will increase, and it is important for investors to carefully consider their investment decisions and to be aware of the risks involved. That being said, it is possible for an asset to perform well even during a bear market, and it is up to each individual to decide whether they believe that an asset is a good investment based on their own analysis and research.

[GigaBit]

I will buy Bitcoin and other crypto if it came to the 14k level cause I think that at time it should be pumped hard and almost cross 20k dollars in coming weeks.

I think, this is the best time to buy and hold Bitcoin because the price will not decrease to $14,000 before it will start pumping in a way investors and traders will prepare to receive something good from their long investment. If you can embrace this season to buy Bitcoin and hold, it will really help you to achieve passive income in your investment because it will be difficult for the price to decrease more than the current price. The price will definitely improve higher before the end of this month, because the price is still moving between $16,000 and $17,000 which is a sign that investors will soon experience bullish market.

Everyday BTC is predicted in the cryptocurrency market. While some are negative and others are targeting BTC positively. With BTC chart and its momentum nature in recent times, many are speculating that it may dump a bit more in the coming days. Especially in the present time inflation has increased due to the effects of war. As a result the interest rate has also increased at a massive rate. The market can never be bullish at this time. And since crypto can't stay stable, we may see a little more of a dump. Although there is no guarantee of its trending nature. But the current time is also quite suitable for investment. I believe BTC will be bullish again anytime soon.

[Coin_trader]

Being bullish on an asset does not guarantee that its price will increase, and it is important for investors to carefully consider their investment decisions and to be aware of the risks involved. That being said, it is possible for an asset to perform well even during a bear market, and it is up to each individual to decide whether they believe that an asset is a good investment based on their own analysis and research.

You will notice what’s the reason why he is bullish despite bear market if you will read the content of the OP and not only the title. He saw a possible falling wedge pattern which is a good indicator for a potential reversal. He is bullish because the price might pump after hitting the target price which I agree base on the chart he provides. Although there’s a chance too that the dip will invalidate this TA once the selling pressure at that time is strong since many traders is expecting for the price to reach 13k while his target is around 14k.

Bitcoin is proven performing good despite bearish in the long run. It’s nonsense to discuss the credibility of Bitcoin as good token to buy during bearish season since it’s the most good performing coin in cryptomarket.

[kamvreto]

~snip~Bitcoin is proven performing good despite bearish in the long run. It’s nonsense to discuss the credibility of Bitcoin as good token to buy during bearish season since it’s the most good performing coin in cryptomarket.

if you still doubt bitcoin then they don't know the real potential of bitcoin. Bitcoin is the main coin to choose from when the market is not as good as it is today. bitcoin is a digital asset for long-term investment and seeing the returns over a period of several years, of course it will be worth it. the current bear market is the best time to continue to collect and hold bitcoins.

[Smartprofit]

I'm still in a bullish position now, even though the price tends to experience a sideways mode and is still stable at the current price range. Maybe there will be a surprise after the new year and let's hope it's the price increase we've been waiting for. But we also have to be prepared if the price drops again and don't panic because that is a good moment to buy bitcoin and increase the amount of bitcoin we have. Moreover, next year is just around the corner and after that, we enter the first week of next year so anything can happen. Have your money ready if you feel it is the right time to buy bitcoins.

In my opinion, the collapse of the FTX cryptocurrency exchange had a negative impact on the entire crypto industry.  

This negative effect will have far-reaching consequences.  In the future, the collapse of the cryptocurrency exchange Bitfinex and Tether is possible.  The collapse of the Binance cryptocurrency exchange is also possible.  

The collapse of the FTX cryptocurrency exchange has weakened the position of Bitcoin lobbyists in Washington.  As a result, there are many uncertainties associated with the upcoming legislative regulation of the crypto industry.  

All this does not contribute to the rise in the price of bitcoin in the next 12 months.  In this regard, in the next 12 months, I expect a flat period (low volatility and stabilization of the price of the first cryptocurrency).

[Zilon]

I will buy Bitcoin and other crypto if it came to the 14k level cause I think that at time it should be pumped hard and almost cross 20k dollars in coming weeks.
Here is chart that I am giving technical knowledge.

Don't get surprise if the price falls below $14 because the wedge if forming a lower high, indicating a strong bearish push. If you look closely after the consolidation before (1) where the wedge starts to form, the highs didn't go above the previous highs and this keeps repeating. Position (5) on the ascending wedge will not cause any break out now because the wicks and trend isn't strong enough to push price up. This is a good accumulation phase where DCA comes in handy to be bullish.

[TheUltraElite]

if you still doubt bitcoin then they don't know the real potential of bitcoin. Bitcoin is the main coin to choose from when the market is not as good as it is today. bitcoin is a digital asset for long-term investment and seeing the returns over a period of several years, of course it will be worth it. the current bear market is the best time to continue to collect and hold bitcoins.

It can be difficult to explain to a no-coiner showing the "stagnant at 16kUSD" charts of bitcoin in the last few days as a symbol to keep holding but we have to keep away from that cherry picker crew and consider their folly as our advantage. The potential of bitcoin comes from its support from the community and that is defenitely strong here. Therefore there must be selling pressure balancing our buying pressure at this time of the market.

Possible that we might drop back to bearish but then again it is the good chance to buy if you have cash at hand. But we all hope for the bullish market and it will come surely but maybe not immediately.

Not everyone will understand this because they may not have seen the big picture but we will continue to hold and buy back at the lower prices.

[Altryist]

It can be difficult to explain to a no-coiner showing the "stagnant at 16kUSD" charts of bitcoin in the last few days as a symbol to keep holding but we have to keep away from that cherry picker crew and consider their folly as our advantage. The potential of bitcoin comes from its support from the community and that is defenitely strong here. Therefore there must be selling pressure balancing our buying pressure at this time of the market.

Possible that we might drop back to bearish but then again it is the good chance to buy if you have cash at hand. But we all hope for the bullish market and it will come surely but maybe not immediately.

Not everyone will understand this because they may not have seen the big picture but we will continue to hold and buy back at the lower prices.

The principle of any investor remains the same, you need to buy low and sell high, you need to adhere to this rule no matter what you invest in. Bitcoin is a relatively new investment tool, but it has already proven its potential and for those who understand it, it safe. It's hard to think of a better time to invest in bitcoin than now, because growth can start at any time and those who are not afraid to buy now will be rewarded for it in the future.

[BossTrack]

How could you not be long term bullish when Biden and his cronies are printing money like absolute fiends with no sign of slowing. I kind of knew this would happen when covid was new.

[dunfida]

It can be difficult to explain to a no-coiner showing the "stagnant at 16kUSD" charts of bitcoin in the last few days as a symbol to keep holding but we have to keep away from that cherry picker crew and consider their folly as our advantage. The potential of bitcoin comes from its support from the community and that is defenitely strong here. Therefore there must be selling pressure balancing our buying pressure at this time of the market.

Possible that we might drop back to bearish but then again it is the good chance to buy if you have cash at hand. But we all hope for the bullish market and it will come surely but maybe not immediately.

Not everyone will understand this because they may not have seen the big picture but we will continue to hold and buy back at the lower prices.

The principle of any investor remains the same, you need to buy low and sell high, you need to adhere to this rule no matter what you invest in. Bitcoin is a relatively new investment tool, but it has already proven its potential and for those who understand it, it safe. It's hard to think of a better time to invest in bitcoin than now, because growth can start at any time and those who are not afraid to buy now will be rewarded for it in the future.

There's no assurance on what would be the future looks like and this is part of the risk taking that you would really be doing if ever you would really be deciding on making yourself some investment here on crypto space.

Some cant really just make themselves to be bullish basing up on seeing on the current market condition that we do have now.It is really that hard to make yourself that get into that position
if you are seeing a very long bearish situation which would already giving you doubts if this market would really be good on upcoming months or years to come.
ITs not bad to be bullish or optimistic but not on a certain point that you do really believe that much because there would be no always a guarantee.

[tvplus006]

I see that many are optimistic in anticipation of a bull run. But I also remember from previous cycles, while such optimists are the majority in the market, we will not see a bull run, which will surely come after the last optimist sells his coins and leaves the market.

[Chainsmokers]

~snip~Bitcoin is proven performing good despite bearish in the long run. It’s nonsense to discuss the credibility of Bitcoin as good token to buy during bearish season since it’s the most good performing coin in cryptomarket.

if you still doubt bitcoin then they don't know the real potential of bitcoin. Bitcoin is the main coin to choose from when the market is not as good as it is today. bitcoin is a digital asset for long-term investment and seeing the returns over a period of several years, of course it will be worth it. the current bear market is the best time to continue to collect and hold bitcoins.

When talking about long-term investment, of course it cannot be separated from Bitcoin,
because indeed Bitcoin is one that cannot be doubted in long-term investments and I think almost everyone knows about it,
and with a bear market this is a good time to collect it like you said

[dunfida]

I see that many are optimistic in anticipation of a bull run. But I also remember from previous cycles, while such optimists are the majority in the market, we will not see a bull run, which will surely come after the last optimist sells his coins and leaves the market.

When you arent that completely having no trust on this market specially with Bitcoin then you would likely ending up on selling your stash which is really a very common mistake to be done.
Those perma bulls would be really that sticking into their plans and the best time to accumulate cheaper coins when everyone is really on fear and doubt which do simply
shows out about blood on the streets.We do have that common saying that buy when others are fearful and sell when everyone is greedy.
Its a matter of mindset and a mix of your experience towards the market which would be basing on your future actions.

[tvplus006]

I see that many are optimistic in anticipation of a bull run. But I also remember from previous cycles, while such optimists are the majority in the market, we will not see a bull run, which will surely come after the last optimist sells his coins and leaves the market.

When you arent that completely having no trust on this market specially with Bitcoin then you would likely ending up on selling your stash which is really a very common mistake to be done.
Those perma bulls would be really that sticking into their plans and the best time to accumulate cheaper coins when everyone is really on fear and doubt which do simply
shows out about blood on the streets.We do have that common saying that buy when others are fearful and sell when everyone is greedy.
Its a matter of mindset and a mix of your experience towards the market which would be basing on your future actions.

Yes, I did sell most of my bitcoins. Of course, the sale price could have been higher, but I am nevertheless pleased that I sold BTC at almost the maximum price and can now buy even more bitcoins than I had before. As for "buy when others are fearful and sell when everyone is", so many were already afraid and bought bitcoin when its price dropped to $30000 and are now just watching the market, as they have exhausted their stock of stablecoins.

[South Park]

How could you not be long term bullish when Biden and his cronies are printing money like absolute fiends with no sign of slowing. I kind of knew this would happen when covid was new.

Money printing seems to be a problem for all governments around the world regardless of their political leaning, this tell us the problem is fiat itself, it gives too much power to the governments and despite their promises they are not going to use it they always break them, this is exactly the problem described by Satoshi on his white paper, so it is not really surprising that under those circumstances bitcoin will do well and even thrive, while fiat currencies suffer as the more they get printed the less value they have.

[Mahanton]

How could you not be long term bullish when Biden and his cronies are printing money like absolute fiends with no sign of slowing. I kind of knew this would happen when covid was new.

Money printing seems to be a problem for all governments around the world regardless of their political leaning, this tell us the problem is fiat itself, it gives too much power to the governments and despite their promises they are not going to use it they always break them, this is exactly the problem described by Satoshi on his white paper, so it is not really surprising that under those circumstances bitcoin will do well and even thrive, while fiat currencies suffer as the more they get printed the less value they have.

This is one of the main functions of a government which they would really be trying to control out everything including that printing off money because we do know on how inflation works and they arent that blind
to make out such decisions on printing on huge scale considering that there would be always a consequences or negative things to that.Going back on crypto investment and being bullish with Bitcoin despite
of the market condition then it is really hard since emotion would really be having that huge effect and influence in regard to our possible actions to be made basing on what we felt
and what we do saw.