2 years ago in April 2020, BTC was trading at 8770$ Ethereum was 215$.
Majority of you came into the scene probably around the start of 2021. You guys were the exit liquidity of many old investors. But even then we’re still holding strong at a solid 38-40k range.
And people calling this price range as a bear market makes me fucking bullish.
True bear market would be below $10k, you guys need to go back in time and see what is actually rational. 40k is still extremely bullish.
So, stop being a negative Nancy and try to appreciate dips and corrections. If you truly believe in BTC, you’d be stacking out of your minds.
If you’re here for a quick buck, be ready for disappointment.
Dont take investing advice from strangers on the internet. Rule #1 is no one knows what theyre talking about.
So much institutional adoption has pretty much ensured that bear market no longer means going to crazy lows which were enough to pin the suicide hotline.
It’s a technical term. As BTC is below its 20 weeks EMA, we are in a bear market technically.
>True bear market would be below $10k
That would be more like a bloodbath
Tbh I have stopped caring about price range.. and stopped giving a shit about people who are constantly calling out the next target range, bullish or even bearish. The technology is here to stay and that’s enough for me to invest in it.
Oh I’m stacking, but I’m also not under the illusion that we’ll see new ATH anytime soon.
It does not take sub 10K for a bear market. Bear markets are nothing more than declining markets. This is a declining market and therefore a bear market. In regards to April 2020, That was the last chance to accumulate before the halving, that’s not where we are today in the cycle. There is no reason for the market to have a big move up until the next halving or the SEC starts regulating exchanges. The market always shits itself about 1-1.5 years before the halving. That is set to happen somewhere between the last quarter of this year and the first quarter of the next. We are in a declining market, things aren’t getting better for a while and this price level is probably going to be a shit place to buy for a year or two. I hope the confidence you have in your outlook serves you well OP.
*Inflation, House market buble, Food shortage making bitcoin price vulnerable*
R/Cryptocurrency: “We ain’t in a bear market”
Who know what will happen but I am ready. I am currently dancing at the profit/loss line.
Bullish?
No.
It just means that people are severely underestimating how low things can go.
Did you just pluck the 10k bear market figure from thin air.
Actually it’s below 40k now
Do yourself a favor and google what bear market means.
People just say bear and bull at will. Almost like guessing.
$20k-30k is a “bear market”
$10k is a complete break of all historical market structure and would indicate something has gone majorly, majorly wrong.
Below $10k wouldn’t be a bear market it would be a wipeout. A more accurate figure would be around $30k
I tell my friends when they are worried about a red day /week/month to just zoom out
If two years ago you’d told them they would be unhappy with $40k USD / BTC price they’d have laughed and said they’d dream for that
Who knows what it’ll be at in 2 years from here, post the next halving
TLDR : if in doubt, zoom out
And it even rhymes !
LOL
🙂
It take almost a year to bottom out, we’re not even at halfway mark yet.
It’s objectively a bear market. You can make your own definition if you want but you can’t expect other people to use or understand it.
People calling 40K a bear market have never seen a bear market.
The thing is, prices can definitely fall further and it’s not a bloodbath, compared to 2020 we’re still way up. I’m not saying we’ll go that low – the overall trend is up – but if people panic at $40k that’s not a great sign.
I don’t know which market it is but I woke up and Bitcoin is still at $40,300
Fcking 3 days in a row!
Let’s hope the former massive 80% drops are over and this is it.
I think we’re in a manbearbullpig market
What has surprised me this time is that there has been no hug crash. bitcoin has held from its peak for a long time too. Perhaps this is volatility reducing as the crypto market cap grows overall, but i do think we’re in a bear at the moment but this creates an unbelievable floor for the next run. Halving is in 2024, buckle up
Pls OP keep hodling you crypto veteran from 2017 🙂
90% chance btc will not go lower than 25k. 99% it will not go lower than 15k.
40k is indeed very low price level for BTC and is really good buy oportunity.
Actually BTC was closer to $3k in March of 2020. The low for this bear will be $13,800.
That is why time in the market is better than timing the market
there are just too much panic-pantshitters in crypto which are yelling “craaash! crypto-winter! bloodbath!!!” and jumping off the cliff like Lemmings at every 5% correction-fart again. 🩲💩 What a horde of sissy´s, really.
Makes me bearish. If they think $40k is bad, then they might get scared and sell at $25k… (If it ever gets there, that is)
Nothing wrong with BTC still trading about 40k.
k
The floor keeps getting higher
Considering every bear market was higher than the previous and if we agree 40k btc is a bear market.. well shit the next bull run would see btc hitting 6 numbers
Things have never been more bullish for crypto. It has a huge future; governments, banks and hedge funds have made that clear
At this point BTC under $10k is the top grade hopium for me.
With institutional backing I don’t think we’ll ever see such slashing. I’d consider anything below 30K a bear market
“…try to appreciate dips and corrections.”
Where is the cash?
I still expect 20k spring, the zone of the old ATH. Most of my orders are in that zone, meanwhile you can only DCA and hope for 20k to grab that juicy discount.
If this is a bear market that means i should have high hopes on BTC still pumping
$40k is the new $10k it’s called inflation, covid money printers go…
It’s all about perspective. 75% of investors bought last year so it’s fair to say that they are the majority and we are in a bear market since most have been down for half a year now.
Winners mentality right here
Don’t think BTC will ever fall below $20k!