Quote from: Dr.Bitcoin_Strange on Today at 06:17:47 PM

Quote from: _BlackStar on January 23, 2025, 08:44:06 PM

I tend to agree with that range of decline based on history.
70% to 80% is the range I think the next bear season will be regardless of how high the price goes this year. Of course it's not so much a certainty that we then describe it as doubt - but the cycle is almost always similar. I don't expect there to be a 90% drop from the ATH in the next bear season - if it does, that's a risk that long-term investors need to consider and they need to be prepared with a backup plan.

In respect to what I already said before, I do have that thought too that bitcoin price will drawdown to -60% or -70% during the bear season which no body can accurately know what will happen. At this point where the government of some countries are showing interest in adoption of bitcoin for federal reserve, ETF approval, and some money people (just as Phil'ma called it) showing so much interest on bitcoin, we might likely not see a huge price plunge during the bear season.

Given the continued growth in adoption over time, I also don't think Bitcoin will go down too much during the bear season after Bitcoin actually hit an all-time high.
Should we always relate past events to current events and so on, because I think there will definitely be differences that we will never know and as long as adoption continues, I think anything can change because the price of Bitcoin is really unpredictable.
And no matter what happens, owning it and continuing to try to accumulate Bitcoin for the long term is the right choice considering anything can happen and it is also not easy to predict because some factors that we don't know before can even happen unexpectedly.