Post
Topic
Board Economics
Re: Bitcoin Is Now Officially In Its Longest Bear Market Ever
by
tenakha
on 03/02/2019, 21:32:37 UTC
Bitcoin has officially entered the longest stretch of declining prices in its 10-year history.

The world’s oldest and most valuable cryptocurrency achieved an all-time high of $19,764 on Dec. 17, 2017 on the CoinDesk Bitcoin Price Index and has printed a series of lower price highs ever since, making February 2 (as per UTC time), the 411th consecutive day prices have been in decline.

As such, bitcoin’s latest stretch surpasses the duration of the infamous 2013-2015 bitcoin bear market, which spanned 410 days from its price high to low.

the full article can be found here https://www.coindesk.com/bitcoins-price-longest-ever-bear-market

IMO these are the events that will help us analyze the price in the future. Cryptocurrency is a new business entity and behaves differently on its path of self-development. Therefore it is still not in its own way, it can easily lean on any side. Price volatility, big risk, big earnings are due to this. We are gonna say "goodbye" them when the time will come that I said.