Post
Topic
Board Speculation
Re: When Will the Bear Market End?
by
Febo
on 25/08/2018, 16:55:50 UTC
...
I also believe the worst it is over. Bitcoin cant lose much of value anymore. 
...

After previous Bitcoin bubbles the BTC price always retraced roughly
90 % from the all-time high. If we assume that the price will develop
in the same way this time, we will see BTC go down to  ~1950 $ / BTC.

Since the ATH not even a year has passed. When BTC peaked
at ~1300 $ / BTC after the MtGox bubble, the bear market lasted several years!
I think you are mistaken if you think that the worst is over yet. I suspect
a bear market of at least 1-2 more years until the next BTC block reward halving.

When will bottom happen on your opinion?


I give really tiny chance that bottom would be under $2000. Almost none. Bottom under $4000 is way way more likely. But  I did not put much effort in finding that, because I am not interested in prices, but I am interested in times when something happens.