Post
Topic
Board Speculation
Re: How long until the "we're in a bear market" people admit they were wrong?
by
Silberman
on 26/05/2021, 22:00:35 UTC
Lots of people saying the bull market is over and we're in for a crypto winter. I think this is plainly obviously not true for numerous reasons.

How long until these people realize we're still in a bull market and market sentiment shifts from "oh no bear market" to "oh that was just a major correction"?
It will take some time for those people to realize their mistake, I really think the majority of the people that are thinking something like this are investors that are relatively new to the market and that have never experimented a drop like that before, even if they know intellectually that this has happened in the past it is completely different to see something like this on a chart and another to actually go through it, but once the market begins to recover and they begin to see things are not as bad as they thought they were then they will quickly change their mind.