You know why bear markets are called bear markets? Because the rallies are so amazing and so much more impressive than bull runs, that everyone piles everything in, only to get their faces ripped off.

Are we in a BTC bull or bear market? I have no fucking idea myself. And that is probably the best position to be in regarding any market.

Belief will kill you. So will fundamentals. I know because I learned that myself the hard way.

Maybe they pooched their reputations, maybe they didn't. Only time will tell.