Bipolar disorder is diagnosed when a person experiences periods of depression and periods of mania. Mania involves an elevated or irritable mood lasting at least one week accompanied by symptoms like grandiosity, distractibility, decreased sleep, and more goal-directed activity. Bipolar I disorder often starts with depression and can affect people of any age. Prognosis is poorer than for major depressive disorder, as around 40-50% of people with bipolar I disorder may experience a second manic episode within two years. Treatment involves both acute and long-term phases, using medications like lithium and valproate to treat mania and antidepressants to treat depressive symptoms.