Post
Topic
Board Bitcoin Discussion
Topic OP
How low can the next bear market go?
by
Commie
on 20/05/2021, 12:07:18 UTC
Disclaimer: I'm not saying we're in it already, nor I'm saying opposite. Just thoughts.

I was kinda curious and attempted to search historical price data for 2013, 2014, 2017 and now.  Most sites (even respected ones) don't reflect absolute correct numbers, so if yours differ please don't rub it in too hard LOL. I was hoping to find some sort of proportion basing on past pumps, but the numbers I came with are rather chaotic, maybe someone else will have thoughts on this, too.

So:
2013: 13.5 => 182 = 70                       Grow x13 fall x2.6
2014: 120 =>1019 => 201                   Grow x8.5 fall x5
2017: 826 => 19499 => 3232              Grow x24 fall x6
Sep. 2020-21: 10245 =>64800 =>??    Grow x6.3 fall ??

At this point I failed to find any proportions to base estimates on (apart from the fact that X low > X-1 high).  What do you think?