05-03-2022, 04:50 AM
Last bear market, people thought BTC was going to zero. This time we have bottom pri
<!-- SC_OFF --><div class="md"><p>Many individuals are calling this recent downtrend a bear market. Which seems reasonable considering we're down 40% from all time highs. </p> <p>However, I still don't consider it a bear market yet. (You're free to disagree with me) </p> <p>But hear me out. </p> <p>There are some key differences between the last crypto winter and now.</p> <ol> <li><p>In 2018, people thought the crypto scam bubble had burst. That BTC will slowly bleed and go to zero. This time most people have moved beyond that perspective (except Buffet, Munger and Peter Schiff). Major institutes and banks have started offering crypto services. The scam and Ponzi narrative is no longer valid.</p></li> <li><p>In 2018, there was no general market downtrend. But this time, there's fear of recession and it's affecting 'ALL' sectors and not just crypto. The fact that BTC is holding this strong is a positive indicator. </p></li> <li><p>There was no fear of World War 3 or an active war (Between major powers) in 2018. But even despite this fear, we still haven't hit all time lows. It's still going relatively strong. </p></li> </ol> <p>So yes, I'm still optimistic and bullish for the long term. This helps me bear this market. (Pun intended)</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ultron290196"> /u/ultron290196 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ugkge8/last_bear_market_people_thought_btc_was_going_to/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ugkge8/last_bear_market_people_thought_btc_was_going_to/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Many individuals are calling this recent downtrend a bear market. Which seems reasonable considering we're down 40% from all time highs. </p> <p>However, I still don't consider it a bear market yet. (You're free to disagree with me) </p> <p>But hear me out. </p> <p>There are some key differences between the last crypto winter and now.</p> <ol> <li><p>In 2018, people thought the crypto scam bubble had burst. That BTC will slowly bleed and go to zero. This time most people have moved beyond that perspective (except Buffet, Munger and Peter Schiff). Major institutes and banks have started offering crypto services. The scam and Ponzi narrative is no longer valid.</p></li> <li><p>In 2018, there was no general market downtrend. But this time, there's fear of recession and it's affecting 'ALL' sectors and not just crypto. The fact that BTC is holding this strong is a positive indicator. </p></li> <li><p>There was no fear of World War 3 or an active war (Between major powers) in 2018. But even despite this fear, we still haven't hit all time lows. It's still going relatively strong. </p></li> </ol> <p>So yes, I'm still optimistic and bullish for the long term. This helps me bear this market. (Pun intended)</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/ultron290196"> /u/ultron290196 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ugkge8/last_bear_market_people_thought_btc_was_going_to/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ugkge8/last_bear_market_people_thought_btc_was_going_to/">[comments]</a></span>