Found this image on Reddit, this really shows the thoughts of people who buy it when price has reached its at that moment highest potential.
Who says we're still in a bear market?
Tell me please, what's the difference between a bear market rally and a beginning of a bull market?
It's easy to say after the fact when the price keeps going down for months that it has to be a bear market and the same the other way round, after breaking the ATH everybody thinks it's bull market.
2020 can be a good example. We went to 10k - nah bear market rally like in 2019, 12k - nah it's going to be like in 2019, 13,5k - I better sell soon before it ends up like 2019, then it finally broke into 18k territory and everyone was like - take my money, it's bull market and we went straight from 19k to 41k.
No, No! You took it wrong, I'm not anti-crypto. I'm very pro-crypto. This image reminds me situations when people buy bitcoin when bubble is about to explode, I mean moments when it reached 20K in 2017 and 70K in 2021 and people were entering and making investments into crypto world during that moments.