Quote from: Ararbermas on Today at 06:06:00 AM

Quote from: thecodebear on May 26, 2021, 02:46:07 AM

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"?

i don't know if we still can call this a major correction since it really makes the market full of blood within weeks and even until now there are some crypto currency that still can't recover.. For me it definitely turn into bearish because of some issues around the internet wherein even the bullish isn't done yet those fraud really influence most of the big hodler in the market in just a simple way. That's why bullish turn into a bearish real quick..

We already have a good example: people like @Ararbermas will not fully zoom out the price chart, hence won't see the big picture.

There are multiple types of people calling it bear market:
1. Most common should be those who bought at higher-than-current price. Those will call it bear market as long as they're not on solid profit (yeah, after a correction this may mean even more than just new ATH).
2. People who don't own bitcoin and want to look interested/interesting, although they don't know what they are talking about.
3. People that have interest in spreading "bear market" FUD.
4. Certain day traders who will preach "bear market" and "bull market" in contradiction to reality in an attempt to get their trading bots earn a couple of extra cents.
5. Pessimistic newbies that got scared by the FUD and the bigger-than-expected price movements.

Keep in mind also that the optimists will say that Bitcoin is on a bull market from the moment its price charts exist. Wink

All in all, a certain (downside) change in the price, depending how big it is, how long it takes and who reads it, will be seen as correction by some and bear market by others. I've got used to that and you should too.