Post
Topic
Board Economics
Re: Bitcoin Is Now Officially In Its Longest Bear Market Ever
by
Naida_BR
on 04/02/2019, 12:14:36 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

What do you mean in decline exactly?

Bitcoin price is higher than the initial price it got issued. If you mean decline from the All-time high then ok your point is valid. But that price wasn't the real one that could describe the market in that period of time. It was a bubble that blew early with minor effects in the market.

In my opinion, we should not talk about decline. Bitcoin is 10 years old and you talk about a period of time of 1 year in order to define the "decline".