Feels like we’ve seen it all before. Permabulls just won't budge, no matter what the charts say. Stubborn until the bitter end... It's like they can't accept the bull run is over.
Do Perma Bulls Only Thrive in Up Markets?
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I see your point, but isn't that kinda natural? If stablecoins are bullish, why's that a bad thing? Everyone’s saying Bitcoin is about to tank but isn’t this just a regular bear market cycle? I remember folks panicking back in 2014 too.
Bitcoin’s been called dead, overpriced, you name it. But it always bounces back, right? Moving from one cycle to another. The price history doesn’t lie.
king_matrixMember
Posts: 65 · Reputation: 163
#4Jun 9, 2019, 05:14 AM
Totally agree. Everyone sharing their opinions is fine, but we really can’t control the prices. If Bitcoin dips, it’s just part of the game. The permabulls are out there holding strong, but we just gotta roll with the punches.
Which stablecoin we talking about? USDT? Heard it dropped recently. Maybe it’s affecting Bitcoin too. But that doesn’t mean BTC’s overpriced since we've already dropped a ton.
Wait, are stablecoins really that volatile? Why would anyone think a stablecoin is bullish? It doesn’t seem like an asset worth much attention unless tied to Bitcoin, which just dumped.
So you’re suggesting stablecoins might depeg and become all over the place like Bitcoin? That’s wild. If that happens, they should seriously rethink how they market themselves.
There’s tons of predictions flying around, but realistically, one of them is bound to be right eventually. Listening to every random opinion online might just wreck your financial decisions.
chris_maxiNewbie
Posts: 85 · Reputation: 36
#9Jun 9, 2019, 10:26 PM
Right? It seems like perma bears pop up whenever things are looking grim. But if you’ve been in this long enough, you know Bitcoin always goes back up. DCA is the way, trust me.
I think what OP means is a bullish DXY is bad for risk assets like Bitcoin. Next time, just be more specific, or you’ll confuse a lot of folks here.
alexrocketNewbie
Posts: 37 · Reputation: 29
#11Jun 12, 2019, 02:00 PM
Not sure we're in for a massive bearish market just yet. It’s been on a decline since last year, but what’s your lowest target for Bitcoin in this cycle? Some say $50k, but we’re not there yet.
Every time the market drops, the whole 4-year cycle debate comes back. But saying $60k is overpriced? Kinda bold if you ask me. Permabulls are stubborn, but so are the bears.
raven_2020Member
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#13Jun 15, 2019, 02:18 AM
Totally agree. 4-year cycles are a thing, but they might not be as clear-cut as folks think. I don’t get why some expect constant bullishness when Bitcoin mining is a variable.
Honestly, the market does what it wants. Don’t get caught up in what the bears or bulls say. It’s all about trusting your own analysis and making decisions based on that.
WildMatrixNewbie
Posts: 55 · Reputation: 22
#15Jun 15, 2019, 05:44 AM
Exactly. Don’t let noise cloud your judgment. The market’s been sideways around the 60-65k range. Prepare for anything cash in hand is a must.
Now seems like an okay time to accumulate Bitcoin. Short term swings don’t matter as much... historical patterns suggest we could see higher peaks in the future.
Nah, I don’t buy it. Bulls usually end up being right in the long run. If you buy with a long-term view, profits are inevitable.
The bull market will come back. Just a matter of patience and accumulating enough Bitcoin beforehand. If you zoom out, you’ll realize it’s not that tough to weather one cycle.
Short-term charts are a mess, though. It’s hard to get a clear long-term view when you’re focused on daily fluctuations.
For sure. There are good tools out there for analysis. I use rainbow charts too; they help visualize price dips and what’s coming next.