People don't usually admit that they were wrong.
Even serial killers or child rapists when they get caught. The rapist finds justification in that the child "wanted it", and the murderer, that the victim somehow "deserved it".
In the case you mention, I think that when it becomes clear that we are not in a bear market and the price continues to rise, many forget what they said.
It is seen that our brain has a tendency not to admit that we have wrong beliefs.
Topic: How long until the "we're in a bear market" people admit they were wrong? - page 3. (Read 437 times)
May 26, 2021, 03:21:16 AM
May 26, 2021, 02:50:33 AM
As for me in my opinion, I can not say yet the bull market is not over for now, though not over because bitcoin will still get to $100000 one day, but I am thinking the market may not increase for now, it might be around $30000 to $40000 after the recent bear market that occured. But what I know is that no matter how long this last, the bull run is coming again, people will buy bitcoin and the price will increase. The bear market is even keeping the market healthy, making people to know that because of the fall they need to invest to gain, it is just a correction that will later lead to another all-time-high, all we need to just do is to be patient.
May 26, 2021, 01:32:22 AM
break $40k barrier: checked
break $50k and new ath on the way
break $50k and new ath on the way
May 26, 2021, 12:34:15 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"?
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"?
Probably if we hit another all time high after a 50% crash.
Currently, we are still not there yet, and unless we break $40k barrier and then goes to $50k, then we will see more threads about crypto winter and sell now from those no coiner or perma bull in this community. Although its better to ignore those members (I have 3 already in my list).
May 25, 2021, 09:46:07 PM
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"?
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"?
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