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?
I don't consider the current spike a bubble though. It took us several days to get from $9.7 to $11.6 (probably a week or more). So its a normal price increase. Maybe people are just cashing it out simple as that. No bubble has bee burst here.
Full year? Are you kidding me? The longest bear trend that I have witness is around 3 months if I'm not mistaken. So I don't think that we will not gain any significant increase in a span of a year.