Bitcoin Is Now Officially In Its Longest Bear Market Ever

[cizatext]

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 statistical basis do this analysis comes from because to me how can a commodity such as bitcoin that dose not have a fix price be rated mathematically to be on a decline, yes the price of bitcoin have been on a decline since after the all time rise in 2017 but that can not stop us from taking into account the various recovery that has take place since January 2018 till date.

[Ewinsane]

I think we are not really looking at it in a right way to call this a bear market. I mean when will it be not bear market ?
The prices needs to go up in order for us to say its on a bull market right? Like if bitcoin goes to 12 thousand dollars in a month will we call it a bull market ? Yeah we will. What makes a bear market a bear market tough? The price going down right ? What happens if that 12 thousand dollars went as low as 3.5 again? We will call that bear market right ? Yeah we will.

However, we are in a market where price hasn't moved too much for the past 3-4 months now (since 15th of November) and before that price didn't move for 4-5 months too, how can we really call this a bear market when prices do not drop? What makes something a bear market when its the same price every single day?

[jrrsparkles]

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

Yes it might be true and i do believe market will recover but it will takes time. Bitcoin has a fundamental technology that will make it valueable. We need to wait for more people to realize that bitcoin and blockchain is the future of our economy.

Now people are started to talk about next mining reward halving which will takes place next year so if is the thing which is going to bring bull run then it is so long wait for the holders but still patience needed for the crypto investors to make more profits.

[devinks]

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

Yes it might be true and i do believe market will recover but it will takes time. Bitcoin has a fundamental technology that will make it valueable. We need to wait for more people to realize that bitcoin and blockchain is the future of our economy.

it's true because it's been more than a year bitcoin in the market like this, and my hope this year until the coming year, of course, in 2020 the bitcoin can experience a big price change

[wendiar19]

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

Yes it might be true and i do believe market will recover but it will takes time. Bitcoin has a fundamental technology that will make it valueable. We need to wait for more people to realize that bitcoin and blockchain is the future of our economy.

it has been waiting too long for the market to recover and it seems that there have been a lot of traders who are panicking so they prefer to secure their assets because they are too long to wait, the main problem is nobody will know when the cryptocurrency prices can recover.

[Bunsomjelican]

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

Agreed, this is the reality things happen. The longest time ever running of Bear market for the past 1 decade. Before every year bear was happening only for a months but this time it takes more than 12 months already. And we don't know exactly why? there are lot of answers by many here but all of it are just an opinion and speculations only.

[omonuyak]

The longest bearish trend will soon be turned to the logest bullish market.  I am happy that bitcoin and cryptocurrencies market has started to pump this afternoon and hope it continues in that way.

[89squad]

to be honest, the first time I knew about crypto was when the market was like this, when the market was not good. I haven't felt the sweetness in the crypto world. or am I too stupid? I do not know.
but on the other hand, I often heard about bitcoin last year, so it could reach a price of $ 19,764 in 2017. That gave me great hope when it stood now. maybe with the occurrence of pump in masalalu, bitcoin requires correction in the current year to then recover, even exceed it.

Now is the time when you can invest in coins if you are thinking about it. And I do not advise you to delay this, because who knows what will happen in the market tomorrow.

[rosmerius]

to be honest, the first time I knew about crypto was when the market was like this, when the market was not good. I haven't felt the sweetness in the crypto world. or am I too stupid? I do not know.
but on the other hand, I often heard about bitcoin last year, so it could reach a price of $ 19,764 in 2017. That gave me great hope when it stood now. maybe with the occurrence of pump in masalalu, bitcoin requires correction in the current year to then recover, even exceed it.

Now is the time when you can invest in coins if you are thinking about it. And I do not advise you to delay this, because who knows what will happen in the market tomorrow.

Currently, the crypto market is starting to improve and there seems to be an increase, so don't delay anymore, I also think that the value starts to improve and hopes to continue to increase again. Investors are starting their activities again optimistically that the future of crypto is better.

[shoreno]

Now is the time when you can invest in coins if you are thinking about it. And I do not advise you to delay this, because who knows what will happen in the market tomorrow.

coins are unstable which means no matter how they increase today  , tommorow can be a different season for them . that why its okay if we will be delayed because we can still catch up and earn next time  .

@op yeah this is the official .  we broke the record for the longest bear  . some one must create a custom title to honor bitcoin .

how i wish that there will also a longest duration for the bull  . agree guys  ?

[avarnet]

That's right because from the beginning of the year until now Bitcoin still has no good changes, even bitcoin is getting down until now which makes bitcoin on the longest bear market

[andriarto]

That's right because from the beginning of the year until now Bitcoin still has no good changes, even bitcoin is getting down until now which makes bitcoin on the longest bear market

we have to be friends with the market so that we don't get dizzy. indeed it is currently the longest bearish, but if we see from the beginning of the existence of bitcoin, it has increased many times. so we don't need to worry about the current conditions. and of course the market will increase with our patience

[romero121]

Even on such a long bear market the price of bitcoin have got fluctuations. This is the one that keeps the market stable and gives a constant circulation in the market. After a long a strong bull trend has been experienced yesterday which is now with minor fluctuations. Expect the recovery to continue in the similar manner.

[Accepted_check]

Now is the time when you can invest in coins if you are thinking about it. And I do not advise you to delay this, because who knows what will happen in the market tomorrow.

coins are unstable which means no matter how they increase today  , tommorow can be a different season for them . that why its okay if we will be delayed because we can still catch up and earn next time  .

@op yeah this is the official .  we broke the record for the longest bear  . some one must create a custom title to honor bitcoin .

how i wish that there will also a longest duration for the bull  . agree guys  ?

Longest bull run? How I wish it will happen. I am really hoping that bear market will end this year. I miss those feeling of excitement. Bitcoin is only our way to be able to build our new home.

[btcyoda]

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

Yes it might be true and i do believe market will recover but it will takes time. Bitcoin has a fundamental technology that will make it valueable. We need to wait for more people to realize that bitcoin and blockchain is the future of our economy.

Exactly, but i don't think so because this is not the longest one because from 2012 Bitcoin faced many fluctuations in the market. Once the SEC starts giving ETF approval then many people start believing the Bitcoin and Blockchain importance, how it is beneficial to the real-time environment.

[BitcoinTurk]

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 this process will be much longer and the longest bear in history will not end soon. There has been so much development in this long process, why the bear market is continuing, why I do not think we could not enter into a period of bull. Of course, in the past bull period, because of the very serious rise in the market in these periods can not be revived, but despite the development of this price has not become an annoying event. As I said at the beginning of my message, I think this process will take much longer and a lot of investors will not come to a new bull period until they are withdrawn from the market. Let's see, is the number of days we can reach 4-digit numbers?

[fullhdpixel]

The sad part is when bitcoin goes up like it did today there is never a talk about "bull run" because to be honest we know just because price went up to 3600 or something we are not going to see it go to $10k right away neither. However when it drops to 3400 or something people react like it will go down to 2000 right away.

Why is it easier to make people believe bitcoin will go down a lot and its very hard to show them the obvious reason why bitcoin will go up in the long term no matter what happens ?

Why is it easy for people to believe a bad thing will happen but they have hard time believing a good thing may happen? Are we so desperate now, are we that much of a financial ruin that we do not hope for good things anymore? Did we already gave up our hope to have a decent economy in the world and see everything as a bad potential instead.

[MTVuser07]

You call it a bear market, and smart people will call it a good time to invest before the price rises. You need to think ahead and then you will understand what is happening in the market.

[soxxx]

Its only in its longest bear market if we haven't hit bottom. We may have hit bottom, may have not.

[reynald70]

I think this is not the only Bitcoin price on the bear market, because previous history even the price of Bitcoin has continued to be under for almost 4 years, and that happened after a very high price increase, so this takes a long time of patience.