Bitcoin Is Now Officially In Its Longest Bear Market Ever

[Betwrong]

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.

Yet, I think we can call it an "accumulation phase". Many people are buying Bitcoin during these times, but the thing is that at the same time many BTC are being sold by those who have thousands and thousands of it. Why do I think many people are buying? If the daily trading volume is around $5 billion, as it is today for instance, and the change is only -0.22%   that means that the amount of BTC bought by some people is equal to that sold by others. I think if there is still such a high demand after all those months of the bear market, there is a light at the end of the tunnel.

[hatshepsut93]

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

How can anyone say for sure that the bear market has already ended? People were calling bottom when the price dropped to $6,000 and were promising a bull run at the end of 2018. I don't see any signs that we have already passed the bottom, the nearest future is as always very uncertain.

Also, what actually counts as a bear market? Does a bear market ends when the bottom is reached, or is the phase of stagnation after the bottom or trading sideways also count as a bear market, and it only truly ends when a new bull run starts?

[kryptqnick]

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.

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

Yeah, I don't think that we are really in the longest bear market. Moreover, the previous time bitcoin seems to have lost a bit more of its value than this time.
Anyway, the length does not matter that much. The FUD is only keeping the prices low for no particular reason, so we should try to stay positive and share articles about things that matter like new regulations, adoption of blockchain and cryptocurrencies, financial support from various companies and stuff like that. I still believe bitcoin can make it out alive, so to speak.

[bitbunnny]

That depends on the point of view and long period of time you take into consideration. Sometimes is hard to set the boundaries where bear market stops and bull market begins. Everyone is already losing patience for price to move up and market to enter into bull phase but don't forget that Bitcoin has already been in worse situation and has lost greater deal of value than it's now the situation. In short it could always be worse. But as always Bitcoin will recover, it's just the matter of time and how much of the value will be able to recover.

[Alexlax]

Naturally, Bitcoin will be in a protracted fall, after such a "failure". It is surprising that he did not fall to 2000. Although still ahead. Some "experts" predict a similar situation.

[Freddie Aguiluz]

Yes, this is it. Bitcoin is only 10 years old, but this cryptocurrency has already seen its fair share of bear markets. Last Thursday marks the same length of time [410 days] as the 2013-2015 bear market. Throughout the past three months, Bitcoin has endured a continuous sell-off. And it seems though that this notorious bear is not going away anytime soon as some analysts and traders expect it to extend throughout the first half of 2019. That being the case, it would be wise to focus on the long-term, rather than day-to-day price action.
Despite the quandary, many in the space remain bullish as there's a lot to look forward to. Bitcoin's layer-two scaling solution, the Lightning Network (LN) has surpassed a 600 BTC capacity while, the CBOE has resubmitted a proposal to list the VanEck-SolidX Bitcoin ETF.
Moreover, Fidelity Investments, a financial services giant with over $7.2 trillion of client assets under management (MAU), has revealed its crypto trading and custody platform is already "serving select clients." Bakkt, the Intercontinental Exchange's (ICE) cryptocurrency venture, is set to launch later on this year. The platform is set to help retail investors gain exposure to the space, while facilitating cryptocurrency adoption.
I guess this maybe the very reason why some crypto traders refused to give in to the idea that this asset could collapse as it has become a “dependable store of value.”

[exstasie]

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.

Yet, I think we can call it an "accumulation phase". Many people are buying Bitcoin during these times, but the thing is that at the same time many BTC are being sold by those who have thousands and thousands of it.

Well sure, every trade has both a buyer and a seller. Many people were buying BTC in the $6,000s last year too. The reason the 2018 sideways was a distribution phase is that price broke down afterwards. Supply overwhelmed demand. The same could happen here. I don't want to assume it's an accumulation phase until I see technical signs of a long term bottom.

[fakegurutu]

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 such a very bad news to all of the crypto people, may this bearish market be once again over, whats keeping this bear market for so long? Whales must stop manipulating the crypto market up to these dates or else cryptocurrency will die and everything in us will vanish, maybe some organizations is trying to demolish crypto from the real world.

[tenakha]

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

IMO these are the events that will help us analyze the price in the future. Cryptocurrency is a new business entity and behaves differently on its path of self-development. Therefore it is still not in its own way, it can easily lean on any side. Price volatility, big risk, big earnings are due to this. We are gonna say "goodbye" them when the time will come that I said.

[Ranly123]

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

I don't think I would believe in this article. As what I have heard, the bear market has already finished and what we have experienced rright now is the correction of prices. Maybe in the next few months, we will see some bullish movements in Bitcoin.

[bajingluncat]

indeed the time is long enough for correction, maybe the price increase in 2017 is too high, so that when prices go down it takes a long time to restore prices again, because for now it is very difficult to get trust from new investors, thus automatically difficult increasing demand, there is no guarantee whatsoever in this investment so that it is considered a high risk investment, making bitcoin difficult to get up again and I think this situation will last even longer

[coinluisa]

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

I think even this is longest time that bitcoin is in low price, I think there's a  chance that bitcoin move up just be patience it will come soon. As we can that bitcoin is 3400 price we are still lucky because bitcoin not drop more.

[awik p]

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

I think even this is longest time that bitcoin is in low price, I think there's a  chance that bitcoin move up just be patience it will come soon. As we can that bitcoin is 3400 price we are still lucky because bitcoin not drop more.

right, for now we are still testing patience to wait for prices to rise again. but indeed during 2018 we are like surviving without an attack. but need to be careful the current price is stable, and after that the price may continue the bearish journey. so don't be too confident if this time is a strong support from the market

[biskitop]

it doesn't seem like almost a year has fallen and hasn't risen yet. a long time ago, until I forgot that I had bought bitcoin and is still hodl. does anyone feel the same with me? 

[bitcoinisbest]

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

I think even this is longest time that bitcoin is in low price, I think there's a  chance that bitcoin move up just be patience it will come soon. As we can that bitcoin is 3400 price we are still lucky because bitcoin not drop more.

It is true that btc has not stayed so long in bear market but also it is more stable than falling now in past couple of months which is a good sign as chances of rising are way better than the future fall . This will help all those who had being staying invested in this market will get the maximum returns.

[Lexurdania]

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.

Maybe its because investor panic at early 2018. Its need time to build trust again from investor but if bitcoin ETF approved, maybe investor confident will increase again. Many news about hacking and regulation makes investor wait and see on market condition

[voltesbit777]

Since I started in this community industry, this is the first time I experienced were bear market has been running for 1 year almost.
Perhaps this will take more months or it could be til December 2019 before Bull happen in my assessment only.
But still the market is unpredictable. And one thing for sure I know the rising of bull will be happen again.

[Naida_BR]

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

What do you mean in decline exactly?

Bitcoin price is higher than the initial price it got issued. If you mean decline from the All-time high then ok your point is valid. But that price wasn't the real one that could describe the market in that period of time. It was a bubble that blew early with minor effects in the market.

In my opinion, we should not talk about decline. Bitcoin is 10 years old and you talk about a period of time of 1 year in order to define the "decline".

[Thanasis]

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

What do you mean in decline exactly?

Bitcoin price is higher than the initial price it got issued. If you mean decline from the All-time high then ok your point is valid. But that price wasn't the real one that could describe the market in that period of time. It was a bubble that blew early with minor effects in the market.

In my opinion, we should not talk about decline. Bitcoin is 10 years old and you talk about a period of time of 1 year in order to define the "decline".

Its from the last all time high,so we are in huge loss by comparing that prices but still it becomes the cycle of crypto currencies.Maybe we are seeing bear market for most long time in the history but I believe more price fell means strong bump will happen.So if you are a bitcoin believe then it is the time for you to have few more bitcoins into your wallet.

[Bosx1ne]

So what if the bitcoin is now in its longest bear market? It had potential so it will recover in a matter of time. We should just have patience for us to continue to hold our bitcoins. There are now traders who losses their patience that leads to them to sell their bitcoins in wrong time.