Why are people so in denial?

[I_Anime]

Bear cycles can get prolonged and you have to wait it out, patience is the key here.

Most traders will lack this patience and that is what stops them from being one of the top traders among the cesspool of traders out there. Those who are able to hold their nerve and continue to wait till the price rises again, they are going to emerge with profit in the long term.

So my take is, let them be in denial. Take whatever you can during the bear run and wait for the next bull run.

Many folks are literally scared of the bear market . Because they don’t know the advantages of  the bear market yes during bear market , the market will be bleeding (prices will be dropping tremendously). Which usually lead to panic because most folks can’t bear seeing their assets value depreciating.

But the truth is that , that’s same time the market is actually cheaper and you can make good advantage of the market , but perching at cheaper rate  to build your investment, because as an investor we should be ready for the up and down .

[X-ray]

Bitcoin has recorded below $100k since last year. Until now, bitcoin did not seem too close to reaching $100k or beyond that but you will still see people asking "Is this really the bear cycle already?" or "Is this just a correction?". I have also seen a literal article talking about how the bear cycle is about to end. But if we should follow the previous cycles, we would see that it takes at least 4 years for the market to get out of the bear cycle. So why are people still in denial that we are in bear cycle right now and we all just have to go through it before we see yet another massive profit taking opportunity? Am I missing some signs that make people so delusional?

Its okay to have those questions, in my opinion. Everybody is free to speculate and just because bitcoin has been following the 4 year cycle so far and strictly sticks to it, there is always some small deviation.

Some people are just feeling restless with the current bearish sentiment and thats all.

Although I personally believe that we are still in 4 year cycle and this time around it will be no different but I never really eliminate the possibility of bitcoin doing a completely different thing in the future.

[davis196]

Bitcoin has recorded below $100k since last year. Until now, bitcoin did not seem too close to reaching $100k or beyond that but you will still see people asking "Is this really the bear cycle already?" or "Is this just a correction?". I have also seen a literal article talking about how the bear cycle is about to end. But if we should follow the previous cycles, we would see that it takes at least 4 years for the market to get out of the bear cycle. So why are people still in denial that we are in bear cycle right now and we all just have to go through it before we see yet another massive profit taking opportunity? Am I missing some signs that make people so delusional?

Can you share a link to the article talking about the end of the bear cycle? Most people are ignorant. Some people spread their wishful thinking across the internet. There would always be a hope, that the bear market would end tomorrow and the price would start climbing to the moon, but hopes are one thing and reality is a completely different thing. I have no problems waiting several years for a new ATH Bitcoin price, but many people don't have the patience, that is necessary for a big win. I wouldn't say that most of the Bitcoiners are "in denial". I'm sure that most Bitcoiners realize that the bear market will come to an end some day and the bull run would start again.

[Solokan]

In my opinion, this is simple, because BTC has made a new ATH above $120,000 and has now dropped below $80,000. I think this is clearly a sign of a bearish season (but please understand if my opinion is wrong, as I still lack insight into BTC cycles as a beginner). However, quite a few people are questioning whether this is already a bearish season or not, and this is indeed normal. However, I think now is the right time for DCA for anyone accumulating BTC, for example, because they want to invest long-term in BTC. Essentially, buying BTC now is the right time for a long-term investment in BTC, and you are free to use any strategy.

In my opinion, those experienced in the crypto world are certainly familiar with the current situation, because BTC always fluctuates and has cycles like this. However, I think the difficult thing will be stopping at the lowest point of BTC prices, because no one knows because BTC prices are difficult to predict. However, it seems clear that we must be patient to see BTC make its new ATH again.

[fikrett]

Bitcoin has recorded below $100k since last year. Until now, bitcoin did not seem too close to reaching $100k or beyond that but you will still see people asking "Is this really the bear cycle already?" or "Is this just a correction?". I have also seen a literal article talking about how the bear cycle is about to end. But if we should follow the previous cycles, we would see that it takes at least 4 years for the market to get out of the bear cycle. So why are people still in denial that we are in bear cycle right now and we all just have to go through it before we see yet another massive profit taking opportunity? Am I missing some signs that make people so delusional?

Its okay to have those questions, in my opinion. Everybody is free to speculate and just because bitcoin has been following the 4 year cycle so far and strictly sticks to it, there is always some small deviation.

Some people are just feeling restless with the current bearish sentiment and thats all.

Although I personally believe that we are still in 4 year cycle and this time around it will be no different but I never really eliminate the possibility of bitcoin doing a completely different thing in the future.

That's the beauty of it. BTC lives its own life and the reason why is it can be only affected by different groups and events, but never conquered.

[Jostern]

Nobody loves the bear market because it puts new investors and traders into panic since the price can dip drastically. This is why some people still find it hard to believe that we are in the bear market. It's such investors that get trapped on the way because they don't want to accept facts will help them in making right decisions.

I think I have meet individuals who loves the bear market because it presents an opportunity for them to buy and accumulate bitcoin more Cheaper and other cryptocurrencies, probably you haven’t seen people who are always emphasizing on buying the dip when the price of bitcoin is cheaper, then they can start holding and stocking more bitcoin, now I have seen a situation where most traders prefers a bear market when they can buy bitcoin more cheaper and also have that more opportunity when the market enters a bull market then they can start selling their bitcoin or whatever cryptocurrency they have available for their trading session.

[ultrloa]

Nobody loves the bear market because it puts new investors and traders into panic since the price can dip drastically. This is why some people still find it hard to believe that we are in the bear market. It's such investors that get trapped on the way because they don't want to accept facts will help them in making right decisions.

I think I have meet individuals who loves the bear market because it presents an opportunity for them to buy and accumulate bitcoin more Cheaper and other cryptocurrencies, probably you haven’t seen people who are always emphasizing on buying the dip when the price of bitcoin is cheaper, then they can start holding and stocking more bitcoin, now I have seen a situation where most traders prefers a bear market when they can buy bitcoin more cheaper and also have that more opportunity when the market enters a bull market then they can start selling their bitcoin or whatever cryptocurrency they have available for their trading session.

Many actually welcome the bear market season, since it gives opportunities for those experience traders to buy Bitcoin at discounted price.

But maybe those people don't like that to happen are the one got hype and think that there's always pump going to happen on Bitcoin. Then they slap with harsh reality seeing market dump then get afraid with it. Maybe those people are denial especially when they are losing since they don't want to face the hard truth that the money they use is already gone when they panic and immediately dump their Bitcoin.

Most experience trader prefer for this situation to happen, since bear market is perfect time to buy then wait for price to go out to cash out their profits.

[MusaPk]

Its okay to have those questions, in my opinion. Everybody is free to speculate and just because bitcoin has been following the 4 year cycle so far and strictly sticks to it, there is always some small deviation.

Some people are just feeling restless with the current bearish sentiment and thats all.

Although I personally believe that we are still in 4 year cycle and this time around it will be no different but I never really eliminate the possibility of bitcoin doing a completely different thing in the future.

Its normal that whenever Bitcoin goes down their are only negative speculations in the market and its same this time also. If you are Bitcoin investor then you have to bear such situations because Bitcoin can go down in value and stays there for long duration. The current bearish season is not the first instance where price has gone down considerably in very short duration. We just need to remain focus on positive aspect   about Bitcoin which is that it will eventually go up in the long run.

[tbct_mt2]

Its normal that whenever Bitcoin goes down their are only negative speculations in the market and its same this time also. If you are Bitcoin investor then you have to bear such situations because Bitcoin can go down in value and stays there for long duration. The current bearish season is not the first instance where price has gone down considerably in very short duration. We just need to remain focus on positive aspect   about Bitcoin which is that it will eventually go up in the long run.

Bitcoin is valuable and it's different than altcoins which are useless, so people who are rich, have experience in financial markets and in Bitcoin market surely already recognized Bitcoin potential, and they're both smart and clever enough to do market manipulations. Such market manipulations are very helpful for them to accumulate cheaper bitcoin and they must use some tools for their manipulative works.

Such as negative news, fuds, and critiques against Bitcoin. Such things that are negatively about Bitcoin can appear anytime, in both bull market and bear market but surely they're more popular in bear market.

Anyway with people who want to learn about such things in order to become better-prepared in this market, they can learn proactively and don't have to wait for bear market to do that.

https://endthefud.org/
https://bitcoincleanup.com/
Common critiques.
Debunking the "Bitcoin is an environmental disaster" argument.

[Byebyebtc]

Well some investors are new, and I even feel it's majority,
So basically they did not experience how a bear cycle looks like, there hear about it the believed they could handle it until they face it in reality and now doubts fill them,
So this is just a new experience situation, investors that have been in the market long enough understands these things and stay chill

[Orpichukwu]

Its normal that whenever Bitcoin goes down their are only negative speculations in the market and its same this time also. If you are Bitcoin investor then you have to bear such situations because Bitcoin can go down in value and stays there for long duration. The current bearish season is not the first instance where price has gone down considerably in very short duration. We just need to remain focus on positive aspect   about Bitcoin which is that it will eventually go up in the long run.

And the negative news about Bitcoin is being spread in times like this by either those who hate Bitcoin or those who truly don't understand it. As for just explaining the price the way it is even if the news is bearish, I don't regard it as being negative. Where it gets funny are those who try to pass down a very negative message, like describing a situation as if Bitcoin is coming to its end; anyone who has been in the space should know market upward and downward movement is part of the thing.

[Obim34]

And the native news about Bitcoin is being spread in times like this by either those who hate Bitcoin or those who truly don't understand it. As for just explaining the price the way it is even if the news is bearish, I don't regard it as being negative. Where it gets funny are those who try to pass down a very negative message, like describing a situation as if Bitcoin is coming to its end; anyone who has been in the space should know market upward and downward movement is part of the thing.

People care too much about what is very difficult to understand, the best traders, those who call themselves expert, still don't make 100% prediction of the market next move, the market is full of swift ups and down, you never know which is coming, we only can assume and make speculations which can be wrong for most times.

The best understanding is to know that Bitcoin investment, practically give better return in the long run, best to buy and hold.

[Hamza2424]

Bitcoin has recorded below $100k since last year. Until now, bitcoin did not seem too close to reaching $100k or beyond that but you will still see people asking "Is this really the bear cycle already?" or "Is this just a correction?". I have also seen a literal article talking about how the bear cycle is about to end. But if we should follow the previous cycles, we would see that it takes at least 4 years for the market to get out of the bear cycle. So why are people still in denial that we are in bear cycle right now and we all just have to go through it before we see yet another massive profit taking opportunity? Am I missing some signs that make people so delusional?

Denial is actually a real and old part of market psychology. It is one of the stages of a bear market, and denial is literally the first stage before acceptance kicks in.

Accepting a bear market means accepting that the portfolio of these resistant people is going to drop by another 40% to 50%, and that is psychologically painful to sit with, especially if they bought near the top haha.

Although the four-year cycle is getting murkier this time because of institutional involvement, and ETF capital flows are changing the demand structure in a way that previous cycles had never seen, as there was no institutional-level involvement before, especially through ETFs.

Anyway, denial is just fear wearing an optimistic costume, bro. The sooner people accept the cycle, the better their accumulation strategy becomes.