Bitcoin Is Now Officially In Its Longest Bear Market Ever

[boss.afro]

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

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[tonyja2017]

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

yep, it's a sad truth but we have to accept it. crypto suffered too much damage, bubbles exploded, affected by trade wars between major countries, the financial market declined, ...
There are too many disadvantages for us. But this is also an opportunity for us to buy bitcoin at a cheap price. The market will recover in the future and we need to work more.

[Hivalley]

And this period has been a difficult one for bitcoin investors and those who bought large amounts especially when we had high prices.
But for the hodlers,its no loss until the coins are sold,many have lost believe and faith in the system,but I believe patience would prove invaluable at the end

[DAVETUN]

I feel it gives a long opportunity to keep investing as we are sure BTC is still evolving and several changes will takes place globally, that will be to it's advantage,  I feel the 2017 bull run is quite over rated, therefore the correction might take a while, then we can be assured of the bull, I trust the BTC community,Iwill keep holding

[LUCKMCFLY]

We are not in a bearish trend, we are in the accumulation phase, the bearish trend has already passed ... If the market is analyzed, they will realize, if they start to see triangles or figures, they do not make any sense.

[livingfree]

I do think that we've touched the bottom and this really is the accumulation period. Thinking on the brighter side, congratulations for passing the longest bear market history ever. See, everyone's a legend right now for having that feeling and nerve to pass this longest bear trend.

We are not in a bearish trend, we are in the accumulation phase, the bearish trend has already passed ... If the market is analyzed, they will realize, if they start to see triangles or figures, they do not make any sense.

Right, that's what I'm thinking right now and those who are still waiting for the bottom it's okay. But if ever we see the market starts to expand positively, everyone will have an idea that this bear is about  to end soon.

[odolvlobo]

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

Sorry. The article is mistaken. Even by their measure, the bear market ended almost 2 months ago with the low in December around $3100.

[d5000]

Sorry. The article is mistaken. Even by their measure, the bear market ended almost 2 months ago with the low in December around $3100.

Yep. At least it's false that it's "officially" in the longest bear market.

All these articles (google "bitcoin longest bear market") seem to be copies from a text published in January (I found it at Bitcoin.com, but I doubt it's the original source) where they correctly state that it "may" be the longest bear market. Now some of these blogs (including Coindesk, which is a shame as they claim to be a "leading" Bitcoin media outlet) "actualized" it and it became "officially" the longest bear market ... but no lower low was recorded ....

We still don't know. Possibly we're going a step lower. But personally I think the probability of a ~$3100 low is higher.

[Lalafell]

For my own opinion, we still experience bear market because there is no changes in the price, even the price of bitcoin is still around $3400-$3500. I really want to see uptrend market not a down trend market but do you know what month in this year we see the uprising price of cryptocurrencies?

[horrifiedx1]

this time the condition of bitcoin scored history for 10 years of its development. but this is the cycle of travel that must be faced by BTC. because not every development without obstacles. if BTC is able to get out of this zone, it will certainly have a more rapid development

[mirakal]

If that's the reality then we cannot do anything to change it.
What we can do now is accept it, honestly, I'm not interested in reading stuffs like that, it's so negative, I already
pledge to myself to focus on the positive news alone, I might be bias but it's my way to minimize the fear inside, I'm feeding myself with good info now.

It will not bring good vibes in the market anyway, price is stable now but it's still bad in its current standing.

[mich]

Scary times were in for sure.  Interesting article relating to this topic:
https://www.forbes.com/sites/billybambrough/2019/01/30/blow-to-bitcoin-as-ceo-warns-crypto-winter-could-turn-nuclear/#3c9591df1078

Bitcoin and the wider cryptocurrency market has been suffering through a year-long bear market that was branded "crypto winter" late last year for its debilitating effect on the industry.

The bitcoin price has been falling steadily since it hit an all-time high of almost $20,000 in December 2017, dropping by some 80% over the last 13 months and dragging the wider market down with it.

Now, the chief executive of one blockchain company, Civic, is warning that that crypto winter could go "nuclear" if the bitcoin price falls much further.

bitcoin, bitcoin price, image
Many had hoped bitcoin's crypto winter could begin to thaw in 2019, but so far the bitcoin price has remained frigid.GETTY

"If we break below $3,000 for bitcoin, crypto winter will become crypto nuclear winter," Vinny Lingham, the CEO of digital identity software company Civic, said via Twitter.


"Bitcoin bear markets don’t end when the market indicates that there is a bottom. They typically end when the market indicates that there is no bottom," Lingham tweeted previously.

"The reality is that crypto needs real adoption and use cases," Lingham said in a recent interview. "Until we have that we’re not going to have another bubble. The speculative mania is over. People want real numbers and usage and transaction volumes."

[davis196]

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 old news.We are waiting for the longest bull market that will occur after 2020 for sure,so I couldn't care less about the bear market now.
The bear market will continue in the next 2 years,because it's impossible for btc to reach it's ATH again soon.

[DevilSlayer]

If that's the reality then we cannot do anything to change it.
What we can do now is accept it, honestly, I'm not interested in reading stuffs like that, it's so negative, I already
pledge to myself to focus on the positive news alone, I might be bias but it's my way to minimize the fear inside, I'm feeding myself with good info now.

It will not bring good vibes in the market anyway, price is stable now but it's still bad in its current standing.

If we keep reading negative articles or opinions about the market, there is a chance that we can lose our focus and our perspective will change. I am just following the flow of the cryptocurrency market and I am sure that the market will become good in this year.

[mangsitin]

For my own opinion, we still experience bear market because there is no changes in the price, even the price of bitcoin is still around $3400-$3500. I really want to see uptrend market not a down trend market but do you know what month in this year we see the uprising price of cryptocurrencies?

Yes, I also want the increase in Bitcoin prices as soon as possible, very concerned about the current Bitcoin market condition, but we don't know when the increase will occur, I hope this year prices will rise again, because I have been patient for a long time.

[Juggy777]

If that's the reality then we cannot do anything to change it.
What we can do now is accept it, honestly, I'm not interested in reading stuffs like that, it's so negative, I already
pledge to myself to focus on the positive news alone, I might be bias but it's my way to minimize the fear inside, I'm feeding myself with good info now.

It will not bring good vibes in the market anyway, price is stable now but it's still bad in its current standing.

Hey it’s real we’re indeed in a bear phase which has refused to end, but then again it should also be seen as a slow and steady accumulation phase. I like the fact that you’re ignoring short term fluctuations and negativity, and only focusing on the long term picture which will bring good returns. As far the prices are concerned currently there’re no positive news, which can lift it up we will have to be patient with the prices.

[rosepetals]

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

You were right mate,these might be the longest bearish market people and cryptos have experienced but we will not lose hope because theres always a sunshine after every rain.Lets just take more advantage on this bear trend and hopefully in the near future we can maximize our profit and prove that cryptocurrency deserves that once it exist and people trust in it.

[exstasie]

We are not in a bearish trend, we are in the accumulation phase, the bearish trend has already passed ...

Hopefully, but most people said the exact same thing in September or October last year. Then the market crashed 50%.

It's only possible to know if it's an accumulation or distribution phase long afterwards, in hindsight. The market has seen nothing but lower highs since December of 2017. Until that changes, I'm not even going to call it an "accumulation phase" yet.

[Dreamchaser21]

We are not in a bearish trend, we are in the accumulation phase, the bearish trend has already passed ... If the market is analyzed, they will realize, if they start to see triangles or figures, they do not make any sense.

A great time to accumulate more bitcoin, hopefully not to fall hard again since the price stable on that for months now. If you really analyze the market, you can see more good trends in long term and if you can be more patient you will invest more, profit can be higher as much.

[michellee]

Bitcoin now is on the phase of sideways which the price does not increase or decrease too much. And every time the bitcoin price is up higher, in the next hours or day, the price will be down again. The situations continue like that, and I am afraid we are in this mode for a few months again. After this phase, bitcoin price can increase higher because the chance to go back to the higher price is wide open.