Post
Topic
Board Speculation
Re: When Will the Bear Market End?
by
Febo
on 09/08/2018, 16:04:39 UTC
The bear market will end when we all finally turn bearish and start forgetting about Bitcoin. Wink

Just look at history. It's when everyone thinks Bitcoin is dead that bubbles begin. And look at the situation we have now: the market is in decline and yet everyone is hopeful and caught in bullish hype (ETF hype, BAKKT hype, etc), thinking the next bubble is right around the corner.

In July 2013, despite the correction being so short, I felt true despair. I don't feel that now. People are still so hopeful. I still think a mid-term bull trap and long term sideways correction is possible, but I wouldn't plan on an end to the bear market just yet.

Remember also: sometimes the second leg down ends with a higher low (2012, 2013). So a continued bear market doesn't necessarily mean new lows, but it does mean distribution cycle and no new highs.

You have way more experiences as you had in 2013, so you cant really compare your personal felling with those at that time. I am sure that big part of those that entered crypto in 2017 right now fells quite desperate. Most already left, They join to make easy fast money, but all they got was having zero profit or even a loss.

I believe we are close to the bottom. It will end the bear market. But ending of bear market does not mean that Bull market will start. We will have to wait for it until next year.