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

[Trx3]

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.

Thank you for been reasonable, catching a falling knife is not I won't sit for, there is no point buying Bitcoin right now because the bottom is still a bit far, my point was on people telling others to start buying.

It doesn't seem right because 63k is obviously not a good time to buy, its like people can't read charts very well, 50k makes sense as a good time to start buying, but not 63k.

[goldkingcoiner]

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.

It is better to have a permabull mindset than a permabear mindset.

And history has proven it to be far more profitable in the long term.

So I am not really sure what you are complaining about here? Did you buy at the top because someone inspired you to do that and now you are regretting your decision because you are panicking about the bear market? Or that Bitcoin seems to be approaching another dump sub 60k?

I think the best mindset is to not let the price movement bother you.

[uchegod-21]

I love Bitcoin because it doesn't care what mindset you have towards it, whether you are a permanent bull or a permanent bear. After all, many of us investors have a permanent bullish outlook on Bitcoin, yet the bearish market still comes, and we still need to adjust during those periods.

The Bitcoin 4-year cycle still stands. Weak hands will fall off if they cannot adapt to Bitcoin's pattern. It is really funny when anyone tries to compare Bitcoin to stablecoins only during bearish seasons. Maybe such people are not really meant to invest in Bitcoin.

There is nothing anyone can do now other than accept that both seasons bring opportunities; opportunities to either buy Bitcoin for the future or sell your Bitcoin if your target price has been met.

[Cookdata]

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.

People say things they want to say because it's what they believe, some of them have invested their time and money to Bitcoin, so it feel normal for such people to see the market in uptrend but unfortunately, trend to change once in a while but I will like you to view Bitcoin on monthly chart, you should know why such people are always bullish.

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

This doesn't always happen, this declined you are seeing has some fundamental consequences and it's coming from institutional investors and with time, it will bounce back. Bitcoin do have correction, there is nothing like bad days and beside, this happen at any market, this is not Bitcoin but market doing it's thing.

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.

$60k maybe over price, Bitcoin price this and that but I will tell you that even if Bitcoin price should fall below $30k, you will think it's over price. The price you see people are dumping because some institutional are playing with how the global market is moving will come back. Wars don't last forger, US and Iran will settle their differences, Lebanon and Israel will come to terms and Bitcoin will be back stronger.

[KiaKia]

You are complaining right now simply because you don't picture Bitcoin ever reaching 500k in the future, if you can just think about this you will not care about the present price of Bitcoin.

For me 60k isn't a bad target to start buying some Bitcoin, why I will never do is using all my money to Buy Bitcoin at once, because I won't be able to DCA if we go under 60k, I will just be looking like moo

Always have some money in fiat for buying opportunity and don't stop to DCA little by little and set yourself free from price predictions like many others are doing.

[Pandorak]

I don’t deny that Bitcoin certainly has the potential to experience a deeper decline, the current price of $60k could very well become a resistance level after the next drop. But beyond that, i view this as merely a pessimistic outlook, focused solely on the ongoing decline.

An investor isn’t too concerned about Bitcoin decline, because only a trader would be bothered by the current drop. For investors, this is a great opportunity, a chance to buy more Bitcoin at a lower price. Imagine the ATH of $126k and the current price of $60k, you’re already getting a 50% discount. Once again, investors don’t pay much attention to the price, they’re more concerned with the portfolio they’re building and the funds they’ll use to make purchases. Their focus is on the long term, not just a few weeks or months.

[Odohu]

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.

When stablecoins becomes bullish, then it stops being stable so I don't think you are being sarcastic here. Perhaps you are saying that Bitcoin is dropping against USDT which is correct but that does not mean that USDT is bullish.

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

Inasmuch as many people would want to deny it, there is no denying the fact that the four years cycle is still in place. Until we clearly see a major shift from that, it makes no sense drawing conclusions from emotions
.

[Akbarkoe]

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.

And instead they buy when there is a decline and continue to collect bitcoin from time to time when there is a massive correction, because they always have an optimistic view of the future and how the polarization of the bitcoin price will always be repeated, this is what we need to understand, instead of just waiting for the price to fall deeper, and that logic always doesn't happen well because they always think negatively about the market decline that will continue.

This also implies those who are more concerned with how their long-term is much better than just talking about tomorrow's correction which could possibly be much deeper, I think they don't deny that either, it's just that they don't make it a fear or a curse, but rather an opportunity that they can take.

[Hamza2424]

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.

I hope you are referring to stablecoin dominance. Well if you are, then this is actually a good point. Their dominance is increasing and this shows the capital is rotating out of risky assets and sitting on the sidelines in stablecoins.

But bro you are not right about $60k BTC being overpriced in a bear market, because when we look back at the previous bear markets, the bottoms were $3k in 2018 and $16k in 2022. So each cycle bottom has been significantly higher than the previous one because of the adoption that has expanded between cycles.

If you apply the same drawdown expectations to a market with BlackRock, MicroStrategy, and other wealthy countries accumulating and giving major exposure as you would to the 2018 retail dominated market, then bro it is not an apples to apples comparison. Hope you got my point.

[shinratensei_]

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.

When stablecoins becomes bullish, then it stops being stable so I don't think you are being sarcastic here. Perhaps you are saying that Bitcoin is dropping against USDT which is correct but that does not mean that USDT is bullish.

I think what he meant is stablecoin dominance such as USDT.D against BTC. If USDT.D rise, it could be a bearish signal for bitcoin because it translates to people selling their crypto for stablecoin which is valid technical analysis.
USDT.D currently is indeed on a bullish state according to image i inserted above. This is indicative that the bearish might not be over yet.

[tread93]

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.

I like this synopsis of the permabulls. I would have to agree man someone who has waited cycles and held on is definitely someone who has resilience and is showing some major optimism just by simply still being there at the end of the day. Those folks are diamond hand owners for sure. But at what cost did it come to them at? They all kick themselves at the end of the day for not selling and they still refuse to sell until the price can get back up to those levels.

[Darker45]

~snip~

I like this synopsis of the permabulls. I would have to agree man someone who has waited cycles and held on is definitely someone who has resilience and is showing some major optimism just by simply still being there at the end of the day. Those folks are diamond hand owners for sure. But at what cost did it come to them at? They all kick themselves at the end of the day for not selling and they still refuse to sell until the price can get back up to those levels.

I don't see any problem when permabulls didn't sell at $126,000 in 2025. I don't know if there's a strict definition of a permabull, but if one is looking for the top to be able to sell and regrets later on for missing it, then he/she's probably not a permabull. The distinct stubbornness isn't there. If there's a legit permabull, he/she was most probably not worried at all that $126,000 just passed. That's already a familiar story. He/she probably didn't sell, too, when Bitcoin hit $20,000 in 2017 or $69,000 in 2021.

[JoyMarsha]

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.

The truth is that, everyone should invest in Bitcoin at a price they feel convenient for them in this bear market. So far, their aim is to hodl for long term and whatever price they buy Bitcoin at, that is not the end of their investment in Bitcoin during this bearish market. They may still be applying DCA to different Bitcoin pricing as they stand a chance to make good gains in the future as they are buying Bitcoin at a discount price now.

[LGD2Business]

I agree that 60k is overpriced in a bear market. But if you didn't sell at 120k or 100k, why would you sell now? That's a huge risk. If your plan is to sell at 60k and buy back at 50k, the risk-reward ratio is way too low. If you missed the chance to sell earlier, don't sell now. Try to buy more instead. Bitcoin is still cheap in the long run at 50-60k. In 4-5 years, these prices will seem laughable.
There's no point in getting upset at people just because they're perma bulls. Some people just keep buying and never think about selling. Because in the long run Bitcoin always goes up.

[philipma1957]

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.

So sorry you feel that way. but it is your life and you can always feel that way if you want to.

[CryptoYar]

[...]

Bottom comparison of cycle is best here. It is no accident that each following bottom is higher than previous one. It is actual change in structure, in who's involved in the market. 2018 was almost all regular investors. But 2022 wasnt anywhere near as filled with big companies, with some big company players. But ETF inflows, the holdings of governments and corporate treasury that did not exist in the past cycles are here today. That puts different spin on it.

Increase in stablecoin dominance is good sign to keep an eye on but it is double-sided one. Yes, it does show capital moving to sidelines, but so does stablecoin capital sitting in wait. $60k overpriced argument doesnt take into account those differences, and that is where applying 2018 drop percentages to current market structure breaks down. Market changed completely between cycles.

[Alonso_]

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.

That is absolutely true, people would always say different things about bitcoin, you will always hear about things that are being talked about by so many people in terms of what investing in Bitcoin would mean to them, but there are people who knows the true identity of Bitcoin, they know that Bitcoin isn’t dead, Bitcoin isn’t expensive you buy when you have the money and nobody is forcing anyone to invest out of their choice which is why it’s better to keep buying and holding Bitcoin for such a long term purpose, bitcoin would always continue to grow, from circle to circle, and it’s always going to thrive.

[cocadalcan]

I can see that in the future the dollar will collapse. Bitcoin will prosper and increase in value. Are you doubting my words? No, there should be no doubt. Soon a strong and united alignment will be created where local currencies will not be dominant for transactions. Bitcoin will be recommended for commercial transactions. Currently, countries are increasing the use of Bitcoin for inter-trade transactions beyond their borders. Now it is no longer necessary to understand the tricks of rich countries.

Bitcoin crossed ATH many times last year. Currently the price is less than half of that. The day when Bitcoin will happen again and cross ATH may be near and probably before the halving. The Bitcoin cycle will return again and it will definitely happen.

[AVE5]

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..

I think you've enough energy to comfort Op about him going to be hate over his expression, but why would anyone do that? I guess that wasn't even a hate speech as I may see. He must only be following trends of speculations being influenced by others believe.
And like pooya87 said earlier, such exhibition is a norms as the case maybe, bitcoin market is psychologically driven with optimistic during when price is rising and pessimistic when price is going down.
Literally, they ties their emotions with the immediate attributes of the market and fails to realize that either the perma bull or the perma bear can also ride in the short term and then switches over within the short term.

[BRINIRHA]

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.

That's just your own assumption because in fact most people won't care about what we do including the speculations we make because everyone does what they want including considering that this is expensive or cheap.
Different opinions about expensive and cheap speculation for the price of bitcoin now does not mean hating each other but we have different thoughts about things like this as it is now I think this is cheap and you are expensive but do we hate each other? I don't think so.

Everyone has their own money and bitcoin portfolios. You want to wait until you feel that the price is cheap not as expensive as it is now that is your right and you are free to do that but for me who says that now it is cheap I will only buy bitcoin because I am ready to buy it.