Quote from: aso118 on March 07, 2018, 08:04:13 PM

Quote from: MoonIsBlue on March 07, 2018, 07:28:10 PM

So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?

If you are calling the price of $11,600 a bubble, then it must be the mildest bubble that Bitcoin has ever had. I would classify this drop only as lateral movement around the $10,000 to $11,000 range. The price can remain under $15,000 for a lot longer than a year. The previous highs were due to an overheated market and we will take some time to see those levels again.

OP shouldn't have had called what we have seen as a bubble popping, IMO the bubbles we have seen in the past are way more enormous than this one. Instead of a drop, I would consider this as part of the normal swings that happens whenever btc is in a bullish trend. The previous highs were not only due to that overheated market, it is also caused by the fast growth in user's numbers. IMO many people have decided to start using bitcoin only last year or this year.