A bull is a person who does not hold fiat.
A bear is a person who holds at least some fiat and wants to return to BTC.
As you can see, I am now a bear. But almost everybody else are bulls. What this means is that you do not have the means to influence price to the upside. Only we do. But we are very few. Also the newbies do. But will they really buy in this kind of situation?
Mmmm, I remember the days when I was nearer the top of your distribution list, and thought I could make a quick buck, and then Bitcoin jumped 2 orders of magnitude and became my legendary big fish.
I think the panic buying starts in the $1000 range this time around.
Please just because I enjoy your contributions, never go all in on fiat always hold a little Bitcoin in reserve.