Re: The problem is that it could take again many years to recover
I don't think it has to do with being naive, if I state that - should we have entered a bear market indeed - it might take many years for a recovery.
I joined this forum in 2017 at the height of the 2017 euphoria, only to see the drop to $3700 and a long recovery phase.
I don't know if this drop is just a correction,or if we experience the same as in 2017/2018, but if we have entered a bear market, we can expect to see the same picture we experienced from 2018-2021. That was all.
I joined this forum in 2017 at the height of the 2017 euphoria, only to see the drop to $3700 and a long recovery phase.
I don't know if this drop is just a correction,or if we experience the same as in 2017/2018, but if we have entered a bear market, we can expect to see the same picture we experienced from 2018-2021. That was all.
I don’t know why someone is constantly going back to 2017 or 2018 and comparing it to 2020 or 2021 - and even if someone wants it then it’s completely wrong - because 2017 was the peak that followed the 2016 halving - and by that 2021 by no means can not be a year to expect what happened in 2018 - because as I wrote in a previous post, halving was less than 1 year ago.
What you call the bear market has happened several times this year, so I will give you some dates that prove it.
- February 21, 2021 - $57 700 -> February 23, 2021 - $47 600
- March 14, 2021 - $60 700 -> March 16, 2021 - $54 900
- March 24, 20121 - $57 000 -> March 25, 2021 -$50 900
- April 14, 2021 - $64 300 -> April 18, 2021 - $54 600
Given the data I have shown you and given that the market is slowly recovering, can you now conclude that what happened yesterday is nothing new and does not deserve any panic or comparisons with 2017/18?