Quote from: South Park on August 19, 2021, 08:39:25 PM

Quote from: nicecrypto on August 17, 2021, 10:25:06 AM

Quote from: Oasisman on May 24, 2021, 02:57:28 PM

IMHO, we're not in a bear market yet. Not unless we go below the 2017 ATH.
There has been so many FUD that's going around the crypto space, but the current Btc price isn't in the bearish run yet. I still considered it as a high price, but at the same time a good price to accumulate more. Considering how Btc has been rising since last year.

I definitely agree with you. I believe that the market did go very high then and that correction was inevitable and the FUD just happened to follow during the same period. I don't think we are in a proper bear market like we witnessed back after the 2017 ATH and lasted for more than 3 years but could still happen after the current market witness a new ATH above the previous $64+

A bear market after a bull market is inevitable and that is just part of how the economic cycles work, and despite the innovation brought by bitcoin it cannot escape this reality as bitcoin is still traded by humans and we have the tendency to repeat the same kind of mistakes in all the markets, however I had no doubts that what we saw so far was not a bear market but a very heavy correction, and the recovery we have been experiencing tells me this is the case and we are yet to experience the real all time high of this cycle.

Shower thought, but what if the “heavy correction” continued further from June to December. That’s six months. Would you, and others, then start to consider that to be a bear market? Plus Google “bear market definition”. What’s the first result?