Post
Topic
Board Economics
Re: Bitcoin Is Now Officially In Its Longest Bear Market Ever
by
raven7886
on 04/02/2019, 19:10:52 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.
That is probably because bitcoin also reached the highest it has ever been by a 20 fold and then dropped from there. I understand this bear talk is easy and people are upset about the prices are not going up so thats understandable however the price is 3.5 thousand dollars right now.

I know it looks low and it is definitely low compared for the previous 1.5 years and if you got in anywhere in the previous 1.5 years or so you are not happy with the loss you got however the price is best it has ever been except the summer of 2017 and winter of 2017 period of that 10 years of existence. Hence, the bear market is definitely sad and I hope we will start going up soon but there is also no need to be negative about it and make drastic changes in your life because of it. Just be patient and try to accept bitcoin as what it is.