Why are people so in denial?

[Publictalk792]

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 only way to handle these slow bleeds is to change mindset of chasing easy money to one of protecting cash, so that you are not panicked by it, and can plan your next step. There is always reason why nobody wants to see their assets lose value but these are actually times when wealth is made, as long as you can look at facts with unbiased mind, and not wishing that things will go back to their old state. You change frightening experience into chance to make buy at lower price by moving into more steady assets and holding on until market reaches bottom.

[LastKiss]

~snip~. 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?

Yeah if we follow the cycle we’re already in a bear market. But some people are pointing out that the yearly candle didn’t close green like in past years, where we usually saw 3 green candles and 1 red candle. This time, we only saw 2 green candles followed by 1 red candle which historically should have been green.

Based on that, some people are already questioning whether the bear market has truly started or if the Market Makers are tricking us to make us afraid to buy and somehow push the price to another ATH this year(assumption some people). It’s better to leave those who are in denial about the bear market alone. If they manage their money with proper risk, that’s up to them. Bitcoin has already dropped 50% from its ATH and I think this is the opportunity we’ve been waiting for.

[Danica22]

Am I missing some signs that make people so delusional?

Imo, those who still believe we have not entered a bear market, that this is just a  correction, or are waiting for a supercycle...are not delusional, they are just too stubborn

They refuse to accept reality, deceiving themselves and reassuring themselves that all of this is only temporary. The reason could be that they bought at a high price and are currently losing money. Or perhap they missed the opportunity to take profit when bitcoin surged, and now they refuse to accept the fact bull market is over.

I believe everyone know the market has been in a bear market for some time now, but many people simply do not dare to admit it or face that reality

[MarjorieZimmermanGinger]

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?

This is a normal part of Bitcoin's market journey and that's why we need to learn to understand the Bitcoin cycle itself so that we can make wiser decisions in times like these. People are free to speculate on Bitcoin's trajectory, but for those of us who are already in the investment and have experienced several previous cycles, this should be an opportunity we can capitalize on. Many new investors may not have experienced previous Bitcoin cycles, so they're still speculating wildly as we're seeing now.

If you understand Bitcoin's cycles, this isn't a big deal. The real goal is how in these conditions we can accumulate significantly more to achieve a much more optimal investment. Targets like these are far more important than explaining the narratives of most people which may seem delusional because some of them may not understand it.

[MusaPk]

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.

As a small Bitcoin investor we must try to take positions whenever Bitcoin price goes down because that will enhance our chances of getting good profit when price goes up massively. We are not in position to manipulate the market but what we can do is understand the Bitcoin price fluctuation and plan our investment accordingly. The difference between rich and ordinary mindset is that the rich mindset take the bear season as an opportunity to buy which in turn will increase their worth, while its not true for ordinary mindset. 

[Olatundespo]

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 only way to handle these slow bleeds is to change mindset of chasing easy money to one of protecting cash, so that you are not panicked by it, and can plan your next step. There is always reason why nobody wants to see their assets lose value but these are actually times when wealth is made, as long as you can look at facts with unbiased mind, and not wishing that things will go back to their old state. You change frightening experience into chance to make buy at lower price by moving into more steady assets and holding on until market reaches bottom.

By investing in a stable asset, there is a high possibility that what you expect will not work out. Suppose you do not want to accumulate fiat because it is likely to depreciate due to inflation, in this situation, you need to adopt an investment strategy where inflation will not have such a negative impact or there will be a high profit potential in a long term investment strategy despite the risk.

Expecting to make money easily is a wrong mindset If you want to get involved in such a strategy, you may have a tendency to gamble and the expectation of getting profit in the short term and with little effort may be high.

If you are afraid of investing, you can prepare the necessary tools from the initial stage and prepare that investment, which will be very fruitful for you in the future. Adopt a policy of buying lump sum Bitcoin with long term Bitcoin accumulation strategy and consistent application of discretionary income. Bearish season can create fear in long term investments, but to overcome this stage, accumulate Bitcoin in the DCA method thats regardless of price. Keep an emergency fund ready to protect your Bitcoin holdings from being affected by emergencies in your personal life.

[Umulala-alala]

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.

As a small Bitcoin investor we must try to take positions whenever Bitcoin price goes down because that will enhance our chances of getting good profit when price goes up massively. We are not in position to manipulate the market but what we can do is understand the Bitcoin price fluctuation and plan our investment accordingly. The difference between rich and ordinary mindset is that the rich mindset take the bear season as an opportunity to buy which in turn will increase their worth, while its not true for ordinary mindset. 

Taking good opportunity of the dip should be the concern of any investors but let it not be a thing of waiting for the dip to buy and sell when there is an upward trend in the market, bitcoin is surrounded with volatility moving up and down so one of the best way to get it right is buying the dca strategy using money you can let go and plan for a longer term, buying consistently with the dca strategy will help increase your bitcoin portfolio and then buy more when the price of bitcoin is down.

[OcTradism]

Taking good opportunity of the dip should be the concern of any investors but let it not be a thing of waiting for the dip to buy and sell when there is an upward trend in the market, bitcoin is surrounded with volatility moving up and down so one of the best way to get it right is buying the dca strategy using money you can let go and plan for a longer term, buying consistently with the dca strategy will help increase your bitcoin portfolio and then buy more when the price of bitcoin is down.

Buying dips is for very experienced investors as if they don't have enough experience, most of them will fail to be patient enough for waiting a long time for dips to buy bitcoin. Additionally, they will like sell their coins after buying from dips if they don't see good ROI after that, and this way they will not see dips are good for their investment purchases.

It's more comfortable for all investors to DCA bitcoin, buying it gradually and frequently with time, so that they don't have to wait for dips and won't expect short term profit and good ROI in short term after their entries.

https://www.visualcapitalist.com/bitcoin-historical-corrections-from-all-time-highs/
https://studio.glassnode.com/workbench/bf532ce2-a66b-4798-6deb-bf3ba7decc59