Perma bulls only know how to be right in a bull market

[Trx3]

The past feels a lot like the present, I don't forget things that easily, permabulls always act like one, even when every charts are saying the opposite permabulls will still be stubborn like always until its too late.

This always happens when bull market is over and perma bulls don't want it to be over.

Are you not seeing how bullish stable coins are? The break out is about to begin and this will strike hard on Bitcoin, we are going down for now, this has always been the case.

They want to cut off four years cycle as well, but its playing out right in front of their eyes.

People are going to hate me for saying this but 60k Bitcoin is still over priced in a bear market, I am not the one that say so, we are all.clowns anyways, but I can't fade what the charts are saying.

Stay stubborn like always, the history will repeat anyways.

[pooya87]

Are you not seeing how bullish stable coins are?

That's a paradox!
If a stable coin is bullish (if its price goes up) then it is no longer a stable coin and it will lose the only utility it was supposed to offer.

People are going to hate me for saying this but 60k Bitcoin is still over priced in a bear market,

Why would people hate you for saying what has been said a million times? It's a natural thing to feel like this during a bear market. And this is not the first time people claim bitcoin will crash, burn, die, be replaced by some shitcoin, bear market never end,... we are used it by now

I remember back when I had just gotten into bitcoin in 2014, price was like $600 and people were saying it is overpriced and will crash and be replaced by some shitcoin. Well, bitcoin did crash a lot in the past 12 years and yet today the price is $60000 (100x rise) and those shitcoins that were supposed to replace bitcoin are not even alive anymore.

[dzungmobile]

I remember back when I had just gotten into bitcoin in 2014, price was like $600 and people were saying it is overpriced and will crash and be replaced by some shitcoin. Well, bitcoin did crash a lot in the past 12 years and yet today the price is $60000 (100x rise) and those shitcoins that were supposed to replace bitcoin are not even alive anymore.

Bitcoin is dead
Bitcoin is overpriced
Bitcoin is expensive
Bitcoin is done

All such sayings won't stop Bitcoin to move with time, from bear markets to bull markets, cycle by cycle, and become stronger with time in network hashrate to market cap.

Bitcoin price history, ATHs and bottoms.
It's not like a golden formula for finding a bear market bottom but it's useful.

[Hatchy]

Stay stubborn like always, the history will repeat anyways.

I don't think anyone is going to hate you for sharing your own opinion of what the market would likely do. Everyone could give their own view and the truth is we don't have a say over price. We only try our best to accept and follow whatever it brings at us. If bitcoin should decide to go even lower, that's normal because we are in a bear season and its not going to be the first nor the last one we have or will see. I agree with you on the perma bull stuff because most times investors choose to believe in what they think. When price is already in a bear season, we don't want to get out selfs bothered about it as it surly will pass away soon enough. When the time come price would return to being bullish..

[BitMaxz]

Are you not seeing how bullish stable coins are? The break out is about to begin and this will strike hard on Bitcoin, we are going down for now, this has always been the case.

Which stablecoin are you talking about? USDT?
There's a recent price drop about this stablecoin:



But the only reason I could find that just spread recently is about the "Tether Discontinues aUSDT Stablecoin and Alloy Platform" and "Tether Discontinues aUSDT Gold-Backed Stablecoin to Prioritize Core Products"

Those news affect the USDT price, which I think is also the reason for recent declines in Bitcoin.

But it doesn't mean that BTC is overpriced since we already dropped almost 50%, which I think is cheaper than the price last year.

[suzanne5223]

The past feels a lot like the present, I don't forget things that easily, permabulls always act like one, even when every charts are saying the opposite permabulls will still be stubborn like always until its too late.

This always happens when bull market is over and perma bulls don't want it to be over.

Are you not seeing how bullish stable coins are? The break out is about to begin and this will strike hard on Bitcoin, we are going down for now, this has always been the case.

I don't get you. Are stablecoins that volatile? What do you see about that make you think stablecoin is bullish, because I don't see it as an asset that's worth the bullish attention of investors unless you're relating to Bitcoin, which it dumped in price just started, based on my analysis, we're yet to see the bottom price.

They want to cut off four years cycle as well, but its playing out right in front of their eyes.

Who? And you believe in such a claim? When Bitcoin's halving will technically make it happen, and only the people that dont understand the concept of BTC halving will believe in cutting off the 4 years cycle.

People are going to hate me for saying this but 60k Bitcoin is still over priced in a bear market, I am not the one that say so, we are all.clowns anyways, but I can't fade what the charts are saying.

Why would anyone hate? Prediction is prediction, and it doesn't mean the BTC market price will respect it. Besides, I also believe $60K is not the last bottom price of BTC before the bull run phase start.

[lionheart78]

Are you not seeing how bullish stable coins are? The break out is about to begin and this will strike hard on Bitcoin, we are going down for now, this has always been the case.

Are you saying stablecoins prise will increase and depeg with USD and will not be stable anymore becoming highly volatile like Bitcoin?  I think if that happens, these stablecoins should change their description and tied value specification  .

People are going to hate me for saying this but 60k Bitcoin is still over priced in a bear market, I am not the one that say so, we are all.clowns anyways, but I can't fade what the charts are saying.

Stay stubborn like always, the history will repeat anyways.

There is nothing wrong about being perma bull, because if you look at the chart at full zoom out, you can see Bitcoin is actually in a permabull riding in a roller coaster pattern.  It is just at this moment, the roller coaster the permabull is riding is just on a downward slope approaching an upward one.  So I do not think that there is something wrong with being a permanent bull mindset.

[PrivacyG]

People are going to hate me for saying this but 60k Bitcoin is still over priced in a bear market, I am not the one that say so, we are all.clowns anyways,

There are so many predictions out there it is impossible to not have at least one of them be the closest to the truth.  Predict twice and you may even hit headlines like 'The person who predicted A says B is about to happen'.  Waiting to see what some stranger on X thinks about Bitcoin as a decisive factor for purchasing Bitcoin or not is recipe for disaster only!

[shinratensei_]

The same way perma bear always come out when the chart is looking bad honestly. If you've been here long enough you would have figured out that bitcoin always go up and down, as it happens currently bitcoin is going down but it doesn't mean it will go down forever.
The people who DCA 2 cycle ago are still in profit, and the people who DCA in this cycle will be profitable in the future cycle pico bottom. It's really not that deep.

[Outhue]

I think what OP is trying to say is DXY chart is bullish, and that's bad for risk assets.
We have no reason to pump is index is bullish, I get you but next time be more specific, people on here will think that you don't know what you are talking about, USDt isn't a good example as it doesn't go over a dollar but the Dollar index is.
You don't even need to try and talk anyone out of buying Bitcoin, in 2019 everyone thought that 7k was the bottom and we went down to 3,500, in 2022 everyone thought that 20k was the bottom, someone I knew was buying heavily but then we bottomed at 15,000.
Do you know why it doesn't matter? Bitcoin always go back up, no matter where you start your DCA you won't be in loss in a matter of few years, Bitcoin charts says everything, you will always be in profit a few years later.

[Awaklara]

People are going to hate me for saying this but 60k Bitcoin is still over priced in a bear market, I am not the one that say so, we are all.clowns anyways, but I can't fade what the charts are saying.

I think we’re not just about to start a bearish market here. The market has already been showing a decline since the end of last year. And we’ve seen Bitcoin’s price drop quite a bit after hitting a new ATH. If you feel that $60k is still too expensive for this bear market cycle, what’s your lowest target for this bear market? Some people have said before that $50k might happen in a bear market. It hasn’t happened yet, but it’s possible. That doesn’t mean $60k is still too expensive.

[ThemePen]

Every single time there is drop, 4-year cycle argument comes up again and again and I suppose it is had enough success to make it silly to completely ignore it. Idea that 60k is overpriced, however, is pretty brave statement given little other support other than chart patterns. The Permabulls are hard headed, much of people do not want to accept trend changes until they are in loss. But on bear side it is just as hard headed, some people believe based on data that it is falling more and more. That makes sense, when stablecoin power is increasing, people are going to sidelines. If this means that Bitcoin is going to fall further or merely sideways resting actions is still anyone guess at this point.

[aoluain]

Yes the 4 year cycle comes up for debate when the Bear market starts and the most feasible
explanation is that the cycles will become less pronounced.

This is the first time I have come across the term "Perma Bulls" - they are definitely out there.
I dont understand the absolute necessity for the market to be constantly Bullish, I think its
impossible given that the Bitcoin mining reward is not a constant supply.

Anyway, let the Perma Bulls shout what they want, the market will decide what way it wants to go.

[Somegory]

The market will always decides where it want to go.
Ignore what anyone is saying either they are bear or bulls, the reason why so many people are caught in the web is because they listen.

They make financial decisions based on what others are saying and most of the time no one knows what they are doing, I trust the chart more than anyones opinion, I don't care.

Bitcoin has more downside to go, it's what my own charts is saying, buying at 80k makes no sense, buying at 70k also don't make any sense, but 58k? That's where I started to have interest but more downside isn't out of the box yet.

[TheUltraElite]

Market is going sideways at the 60-65k USD level. I dont see any movement happening much form this level since the last 1month.

Certain people will always be bullish on bitcoin and others will be bearish, nothing wrong in that. If you have been following bitcoin since its start you will surely understand why they are bullish at this price.

At any point of time price will go up or down from this level, we need to be prepared for that and have cash at hand in case the price drops. That is all I understand.

[purple_sparkles]

I think now is a good time to accumulate bitcoin, and it does not really matter whether the price moves up or down in the short term. We have already seen bitcoin reach $126,000, and if its historical pattern continues, the next peak could be even higher.Right now, its price is around $63,000, which is roughly half of that previous high. So why not take advantage of such an opportunity.I am not encouraging anyone to take out loans or put themselves into debt to buy bitcoin. However, if you have savings that are currently sitting idle, it may make sense to consider using some of them to take advantage of the current market conditions.

[LFC_Bitcoin]

I don’t think that’s true, bulls are always right in the end. You are only wrong, at least historically, with Bitcoin if you have a short time frame. Anybody who has patience has and will continue to profit handsomely.

Any bull or bear indeed, who buys today will make profits in the not too distant future.

[OcTradism]

I don’t think that’s true, bulls are always right in the end. You are only wrong, at least historically, with Bitcoin if you have a short time frame. Anybody who has patience has and will continue to profit handsomely.

Any bull or bear indeed, who buys today will make profits in the not too distant future.

Bull will come, only matter of time, and with people, it's only whether they're patiently waiting and holding enough till a bull market, or better accumulating bitcoins till a next bull market.

With short time frame, people will feel time is very slow and it seems hopeless to see the end of bear market but if they look at year candles, they will see things become more easier and less stressful. When they zoom out and learn about Bitcoin market history, they will see one market cycle is not too difficult to go through, and feel more comfortable as well-prepared.

https://charts.bitbo.io/yearly-candles/

[BitMaxz]

Bull will come, only matter of time, and with people, it's only whether they're patiently waiting and holding enough till a bull market, or better accumulating bitcoins till a next bull market.

With short time frame, people will feel time is very slow and it seems hopeless to see the end of bear market but if they look at year candles, they will see things become more easier and less stressful. When they zoom out and learn about Bitcoin market history, they will see one market cycle is not too difficult to go through, and feel more comfortable as well-prepared.

https://charts.bitbo.io/yearly-candles/

Well, they are analyzing the short term or shorter time frames; the chart is choppy in the shorter time frame, which is not good for analyzing the long term if you stay in the low time frame rather than moving to higher time frames such as daily and weekly.

Bitbo is a good tool. I also use it, but the one with the rainbow chart, because it is clearer to see every block halving; you see the dip price, which I think we are also near, or maybe we are already at the dip price based on the current rainbow chart. What we are seeing right now looks similar to last cycle.
I believe we will see another slight drop, but not far enough to buy right now; at least, getting ready to buy at a much lower price by doing DCA every time we see a price drop is the best way to spot the dip. Since we are not far from the dip, or maybe we are already at the dip based on the BitBo rainbow chart and other charts from BitBo.

[Darker45]

Permabulls are just optimistic. They're able to see the pros in an otherwise negative situation. But they're not necessarily clueless and detached from reality.

Perhaps rather than criticizing them, we might actually want to learn a lesson or two from them. They're usually the ones who have diamond hands. They're solid hodlers. They're usually the ones who stay until the end. The rest are easily shaken by bears and winters. Permabulls stay and remain positive through it all.