Post
Topic
Board Economics
Re: Bitcoin Is Now Officially In Its Longest Bear Market Ever
by
shield132
on 14/02/2019, 16:43:41 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
Bitcoin's history has never been stable, almost every year is absolutely different and new experience in bitcoin, so we can't discuss from it's history. But I don't know what to call current bear, maybe current fear? Because it really lasts so long, hope is rise but that process in real life lasts so loooong. There are two sides, it continue falls and panic will finally destroy it (I highly, highly doubt that will happen) or price will rise slowly and then very quickly at some point.