For the past 5 months people have been freaking out that crypto is in a bear market. I'm here to tell you that crypto has never and will never be in a bear market. A simple Google search will reveal the following:

Bull markets last on average about 97 months each and gain an average of 440 points in the Standard & Poor's 500 stock index. By comparison bear markets since the 1930s have an average duration of only 18 months and an average loss in value of about 40 percent.

18 months. The average bear market lasts 18 months. Let's take a look at Bitcoin in the last 12 months shall we?

To claim that we are in a bearish market is absolutely ridiculous, but that doesn't stop article after article claiming we are.

Cryptocurrency Market Posts Minor Recovery But Bitcoin Downward Trend is Still Strong

Seriously, what downward trend?

There is no downward trend unless you're only looking at the market from a month to month basis. Last year Bitcoin was worth $2200. The deepest low we've seen in the last 5 months has been $6200. That was on February 6. Again, there was never a bear market. Bitcoin is $1000+ higher than its low four months ago.

Ripple effect

It's no secret that the market saw a huge pump in December and January. What we've experienced since then is nothing more than a correction. Everyone and their mothers wants to come up with reasons about why the value of blockchain is crashing. It's not crashing at all. It got pumped hard and this made waves in the market. That is all.

$20k got the attention of millions.

Lot's of people (including me) didn't care about blockchain tech at all until Bitcoin spiked to $20k. This caused millions of people to enter the market at the worst time possible. These people have never experienced a big pump while having their money invested, so they're getting very discouraged 5 months later.

Do you see that little blip from October 2013 to October 2014? That is the EXACT SAME market we are in right now. Blockchain technology is progressing at an exponential rate, so we aren't going to have to wait another four years for the next big pump. When the next big pump does come it's going to make this current market look like the 2013-2014 blip. That is how valuable crypto is. I say again, in less than four years, Bitcoin spiking to $20k is going to look like a little blip on the graph.

But, I want it now.

We live in a brainwashed consumerist society. People in America are terrible with money. We glorify the rich and live paycheck to paycheck. The establishment has pumped trillions of dollars into research that aims to control the population. I recommend reading @krnel's post on mind control.

Crypto appeals more to the younger generation, and the younger generation is programmed to be as impatient as possible. They want it and they want it now. Well, I'm here to say: too bad, that's not how it works.

When to buy?

The market might lose 40% before getting pumped again. Who cares? When is a good time to buy? Anytime is a good time to buy because it's going to spike 2000% over and over again. The market may be volatile, but it's also predictable. The value of cryptocurrency is undeniable. Being able to take away the power of a centralized entity that controls inflation is the greatest invention of our lifetimes. Don't be one of the weak hands that cashes out right before a bull run. Stay calm and be patient. HODL! Tada Moon!