Post
Topic
Board Economics
Re: Bitcoin Is Now Officially In Its Longest Bear Market Ever
by
Finestream
on 26/02/2019, 22:07:29 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

This is the best part of this market situation as its takes time for us to accumulate many coins while the price is at cheap. Moving forward the market will recover at the right time and nothing we can do with it unless we have a huge amount of money that can use to reverse the market flow. The market will only go on bull if we have a good reason that people will buy more coins for daily consumption which this will lead to mass adoption. We just need to be patience to wait for that recovery.
Exactly.There's nothing we can do about this so we need to be more patient as much as we can because this is the only way if we want to stay longer in this volatile market.I think this market price will not stay forever and soon we will see recovery.So let's grab this chance to purchase more potential coins so we can gain huge profits once bull run hits the market.