I have been noticing a lot of bearish sentiment around here again.
I’m a bit confused and would like some personal opinions on why the majority is still bearish.
The SP500 bottomed 137 days ago. It’s currently retesting the 1 year down trend line after a strong break out. This is good!
Bitcoin bottomed 109 days ago and has been in a strong uptrend since. It’s up 67%
Why are we going against the trend and calling bear when the signs are clearly bullish?
I know I know. Regulation right?
Regulation is not a bad thing, and without it we will never reach mass adoption. As much as we love to hate regulation. It’s for the best and good for sustainability.
Until I see traditional markets break down or Bitcoin setting a lower low I see no reason to be bearish.
The majority of people just seem to be repeating the stuff they hear in the news.
“yield curve, CPI, Jobs report” ect.
The bull market has to start somewhere and things don’t happen overnight, it will take years to play out.
I guess we could call this the accumulation phase but I call it the start of the bull run. I believe the bottom is in.
By the time this sub calls bull they will miss out on 100% gains or more.
Give me some good reasons to be bearish!
Let me know your thoughts.
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