Quote from: Argoo on Today at 04:39:05 PM

Quote from: Ale88 on Today at 04:03:59 PM

Quote from: 9thsky on May 21, 2022, 05:40:18 PM

Have we ever experienced this kind of downtrend before?? What's the latest on how long this might last, or if it's even going to recover.

How long have you been in the crypto game? This bear market until now it's not even that bad, years ago we had a way way worse bear market that laster years, if you can't handle it right now maybe it's better that you take a little time off the crypto for your health because things could get even worse.

Yes, it is quite possible that this is not the price bottom yet. There are forecasts that the cryptocurrency can also fall by about 40-50 percent even longer. There was already a similar drop in the first half of 2018. But then the bearish period lasted one and a half to two years. I don't think it will happen again. I think that in the autumn the cryptocurrency will gradually recover and will continue to grow. But summer will still be about the same. But in any case, it should be remembered that the cryptocurrency market develops cyclically and a big drop will be followed by a big rise.

Let's say that another 50% dump would mean BTC around $15k, and it also means going below the previous ATH, and that's something that, for the moment, never happened in bitcoin's short history. Personally I hope we won't go below $25k, otherwise even some big players would be in troubles.