Quote from: Silberman on Today at 09:49:01 PM

Quote from: ultrloa on May 26, 2021, 10:41:54 PM

Quote from: Hypnosis00 on May 26, 2021, 10:28:25 PM

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"?

Actually, these people are just playing their minds. They tried to manipulate their own and themselves believe that the market is already in the bear season. Okay, let's say that these people are premature and they only realize once they become mature...that it takes so long, I don't know.

Until such a time that there is no criteria or chart to know if we are either in the bull or bear season some people might blindly see it and think in a different way. Have someone could show it? coz I'd never found it, maybe other members here have already seen it.

The past days bitcoin drop can be called a bear market season already but what good thing there is it happen on short time period. Maybe the amazing adoption happening this year help bitcoin to recover fast thats why we see it now slowly pumping up and maybe we will see it touched at $50k this year again.

I really think that many people do not even know what a bear market is, a drop in the price no matter how big cannot be considered to be a bear market, a bear market means a negative tendency, with the keyword here being tendency, we need to see several months of downward movement before we can even say this is a bear market, for all what we know this could have been just a heavy correction and if the price goes up once again during the next weeks then any chances this was a bear market will evaporate at that moment.

Well in fact the bear market term is borrowed from stock market however crypto currency has its own rules and I personally don't know what defines a bear market in crypto. What I do know though that if you look to the chart of bitcoin (and almost all other altcoins have skyrocketed) the price has gone from 10K to 50K this is the biggest increase so far by price volume. Which means that if this correction did not happened the whole crypto market could have crashed very violently. This correction was a bit late in my view and this could be explained by the euphoria around crypto. Now to get the price going up again we do need an important demand, good news from crypto projects and money pouring in by investors. This will happen but it will take time. I hate feeling the gamble sensation when investing... So far what is happening is logic so let it be.

elziw

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