No matter how high crypto coins go bear market is unavoidable it's just the way the market survives, many people are brainwashed with present market condition that they already forget what bear market is, no amount of money can stop bear market from happening, don't say I don't warn you be prepared.
You are absolutely correct. A chart never goes in one direction. The more we zoom in we find out the ups and downs of it.
The thing is that once a bull run starts more number of users get attracted towards it and starts investing in it.
This creates a bigger spike in the charts and that's where the professionals take their profits out creating a dump which is gets bigger and bigger due to panic selling.
This often results in a bear market just like the 2018 one. It was indeed a long bear market before bitcoin recovered and started another bull run.
I am pretty much sure that we will see the next bear market soon but I am not sure whether it is going to be this year or in the next 2 years.
But yeah, better be prepared for it rather than blaming bitcoin later.
The market has bounced back in the last 1-2 days but it looks like this is only a short-term gain and will continue to decline shortly thereafter.
I think we are already in a bear market, no need to wait another 2 years but I don't know if there will be a bear market like 2018 because things are very different now than they were back then.
In 2018, we saw a sharp drop and almost everyone left the market. But this year, even though bitcoin is not doing well, good projects still focus on developing and building their ideas regardless of bitcoin rise or fall and most investors are wiser and tougher. Despite the bad market, panic buying is not happening much anymore.
Yeah that does make sense. We can say that the market is more mature if we compare it to 2018.
Most of the people exited in 2018 because most of the projects launched in 2017 were from the ICO era.
Most of them turned to be scam projects and rug pull and investors lost a lot of money due to this.
This is definitely not the same case this time which tells us that even if the bear market has started then it might not be as long as the previous one.