Post
Topic
Board Economics
Re: Bitcoin Is Now Officially In Its Longest Bear Market Ever
by
bitcoinisbest
on 04/02/2019, 06:41:07 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
I think even this is longest time that bitcoin is in low price, I think there's a  chance that bitcoin move up just be patience it will come soon. As we can that bitcoin is 3400 price we are still lucky because bitcoin not drop more.

It is true that btc has not stayed so long in bear market but also it is more stable than falling now in past couple of months which is a good sign as chances of rising are way better than the future fall . This will help all those who had being staying invested in this market will get the maximum returns.