A bear market will eventually occur as bubbles always end with. But for now I think the trend will still be bullish and rallies will keep on coming. I can't see why bitcoin cannot skyrocket to up to $25k-30k still from this point considering how bullish people are and how willing they are about buying bitcoin now compared to 2 years ago when price was cheaper by a mile.
It'll be interesting when the crash happens, though.
As you said, family and friends are now dying to buy bitcoin at 5 digits which worries me. They ain't prepared for a crash.
It'll be interesting when the crash happens, though.
As you said, family and friends are now dying to buy bitcoin at 5 digits which worries me. They ain't prepared for a crash.
This is the problem. We've had people like OP thinking they are geniuses calling tops for years, and higher highs keep happening. Nothing guarantees that this was the top. It could be another of these breaks that bitcoin takes for a while, only to hit higher highs at the end of the month, then another monster bull to $30k, and eventually, it crashes and the floor was what was considered the top buy people like OP, and they end up looking like idiots (once again, lost count). Therefore, simply hodl.
