Bitcoin Is Now Officially In Its Longest Bear Market Ever

[shield132]

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

Bitcoin's history has never been stable, almost every year is absolutely different and new experience in bitcoin, so we can't discuss from it's history. But I don't know what to call current bear, maybe current fear? Because it really lasts so long, hope is rise but that process in real life lasts so loooong. There are two sides, it continue falls and panic will finally destroy it (I highly, highly doubt that will happen) or price will rise slowly and then very quickly at some point.

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[sijonru]

I quite agree, it's sad but we have to face the truth that bear market presence is still upon us and i highly doubt that bull market will not come soon as this year based on market situations right now. However, i am still optimistic that bitcoin will surpass all these adversity in the future as we hoping for the next bull runs.

I consider this part of the journey of bitcoin towards the world's digital currencies, because it is impossible for the value of bitcoin to increase steadily like 2017. If the continuous increase is dangerous because observers predict bubbles can break, and the price of bitcoin is very cheap
Therefore the price of bitcoin is corrected naturally to the ideal position, meaning that bitcoin as a currency is very attractive to its users. Now the owner of Bitcoin is dominated by speculators.

[DeadCoin]

I quite agree, it's sad but we have to face the truth that bear market presence is still upon us and i highly doubt that bull market will not come soon as this year based on market situations right now. However, i am still optimistic that bitcoin will surpass all these adversity in the future as we hoping for the next bull runs.

I consider this part of the journey of bitcoin towards the world's digital currencies, because it is impossible for the value of bitcoin to increase steadily like 2017. If the continuous increase is dangerous because observers predict bubbles can break, and the price of bitcoin is very cheap
Therefore the price of bitcoin is corrected naturally to the ideal position, meaning that bitcoin as a currency is very attractive to its users. Now the owner of Bitcoin is dominated by speculators.

Yes, fluctuation is its nature and yes we have been waiting for it to recover. The situation will surely change and yes there seems to be a change last week. Everyone is expecting the market should recover. Investors are really waiting for a huge hike to see a good profit like 2017.

[pushups44]

I think the bear market signals that the market is looking for substance in the form of real use cases rather than empty promises. This bear market has been positive in that some of the hucksters have been driven out. The key for bitcoin will be for the Lightning Network to continue to grow and improve.

[breathlessz]

I think the bear market signals that the market is looking for substance in the form of real use cases rather than empty promises. This bear market has been positive in that some of the hucksters have been driven out. The key for bitcoin will be for the Lightning Network to continue to grow and improve.

right, right now it's like filtering investors, where their patience is being tested right now, it's not easy to stay afloat, because it requires strong psychology now, to wait for the market to improve later

[pieppiep]

I think the bear market signals that the market is looking for substance in the form of real use cases rather than empty promises. This bear market has been positive in that some of the hucksters have been driven out. The key for bitcoin will be for the Lightning Network to continue to grow and improve.

right, right now it's like filtering investors, where their patience is being tested right now, it's not easy to stay afloat, because it requires strong psychology now, to wait for the market to improve later

I think trading is not like a test, it's just your speculation that says this is a test for investors, investors are free to do anything to be able to get a profit, as happened a few days ago the price of bitcoin was pumped up and then dropped again , that is the way the pope influences traders to get caught up in the trap.

[TheCoinGrabber]

This hit new entrants hard. Imagine buying during the ath and looking at the price now. You are locked in. Many people trying to make money from hikes.

The long time hodlers probably aren't as disturbed.

[Prettymie]

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 the best part of this market situation as its takes time for us to accumulate many coins while the price is at cheap. Moving forward the market will recover at the right time and nothing we can do with it unless we have a huge amount of money that can use to reverse the market flow. The market will only go on bull if we have a good reason that people will buy more coins for daily consumption which this will lead to mass adoption. We just need to be patience to wait for that recovery.

[South Park]

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

It was to be expected, the price of bitcoin reached prices so high that it was impossible for bitcoin to recover in a fast way, one of the most important factors for it is that people are afraid, they understand that the potential of bitcoin is enormous but now they understand as well that the volatility of bitcoin is not something that you can take lightly, it does not matter who you are, losing 75% of your money in a year is difficult and everyone else watching the markets will be afraid the same can happen to them.

[LUCKMCFLY]

I do not think we are in a bearish phase, in fact We are not bearish, I have studied the market and I have seen, identifying their accumulation, trends and distribution phases, with these arguments I can affirm that we are in a phase of accumulation, where these types movements are normal, because the premise of the accumulation is to eliminate the offer, and accumulate as many bitcoins as possible, approximately 70% to 80%, to achieve this goal the price would be ready to go up. That is why the Technical Analysis is not precise, if the type of phase in which the market is not identified.

[Finestream]

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 the best part of this market situation as its takes time for us to accumulate many coins while the price is at cheap. Moving forward the market will recover at the right time and nothing we can do with it unless we have a huge amount of money that can use to reverse the market flow. The market will only go on bull if we have a good reason that people will buy more coins for daily consumption which this will lead to mass adoption. We just need to be patience to wait for that recovery.

Exactly.There's nothing we can do about this so we need to be more patient as much as we can because this is the only way if we want to stay longer in this volatile market.I think this market price will not stay forever and soon we will see recovery.So let's grab this chance to purchase more potential coins so we can gain huge profits once bull run hits the market.

[Moiyah]

Not surprising at all. The market does the small bull run then dumped again. It gives hope to the trader and hodler.
In fact, I have been waiting for the huge bullish trend and I think I will wait longer than I have waited before. Some trends are just ways to make this market's more vague.

[shannelcoin]

I think it's alright if this is the longest time of low price of bitcoin because I think the price is going to be natural price then after it will going up again. As long we can use the bitcoin and still there a value I think it not a problem. Unless you want a instant that you want a instant money back. In crypto we need a patience and we need to wait in the right price so you can say that you can get a good profit.

[lutfi-hasan]

So I think patience is the best thing at this time to defeat our greed who want prices to rise quickly, because the Bitcoin market is not as easy as we eat rice, it takes years to see good price movements, so we will know that Bitcoin always gives we have the best surprise.

[Bijikopi]

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

capitalizing on the current situation can make us make many profits in the future, if prices continue to fall this can be an opportunity, this is our opportunity to invest with small capital. because at a low price, our chances of making a profit are also large, so don't give up seeing an uncertain bitcoin market, always making all business opportunity situations.

[BennyK]

right because the decline of bitcoin always takes a little time but from 2018 then bitcoin until now there hasn't been a good change. so it was the longest bitcoin decline in 2018

There is always the first time of everything. Bitcoin has experienced its longest bear market from 2018 till now yet it remains the number one cryptocurrency on the market. This means that it has got the potentials to rise up again. Patience is very necessary in order to hold the valuable coins through this long bear market.

[South Park]

right because the decline of bitcoin always takes a little time but from 2018 then bitcoin until now there hasn't been a good change. so it was the longest bitcoin decline in 2018

There is always the first time of everything. Bitcoin has experienced its longest bear market from 2018 till now yet it remains the number one cryptocurrency on the market. This means that it has got the potentials to rise up again. Patience is very necessary in order to hold the valuable coins through this long bear market.

When you first hear about this it may seem very impressive to know that the bear market we are experimenting is the longest ever to happen to bitcoin but when you remember that bitcoin is only 10 years old that fact soon losses the impact, I will be way more worried if bitcoin was 100 years old, that will really be an exceptional event in the history of bitcoin and when you consider that the length of it is barely more than a year long when other markets have suffered for years or even decades then this is not a big deal.

[rhyo3232]

yeah you're right, this year is the history of the most bitcoin decline as long as bitcoin is found.
This really low price might end at the end of the year

[yslyv]

yeah  it is so pity that new investors that bought last year lost very big money. they are very unlucky. but it is good for the ones that will join nowadays. the prices are mostly at deepest points.

[Mometaskers]

Worrying too much wouldn't solve anything. The fact is, if you bought high and "lost money" there's nothing you can do to recoup that unless you stay and wait this out. Brace yourselves, it can get even lower. I just try to tell my self that whales are in hoarding phase and we'd get better news in 2020.