Topic: Bitcoin Is Now Officially In Its Longest Bear Market Ever - page 6. (Read 1059 times)

Most likely, this period will have to be experienced for a long time, since people's trust has been weakly eroded by cryptocurrencies. Although the collapse of course was predictable.

After its highest peak in a short time, we experienced a thing more than a correction and it takes so much time. It is very difficult to maintain prices at this level after this rise.

That is probably because bitcoin also reached the highest it has ever been by a 20 fold and then dropped from there. I understand this bear talk is easy and people are upset about the prices are not going up so thats understandable however the price is 3.5 thousand dollars right now.

I know it looks low and it is definitely low compared for the previous 1.5 years and if you got in anywhere in the previous 1.5 years or so you are not happy with the loss you got however the price is best it has ever been except the summer of 2017 and winter of 2017 period of that 10 years of existence. Hence, the bear market is definitely sad and I hope we will start going up soon but there is also no need to be negative about it and make drastic changes in your life because of it. Just be patient and try to accept bitcoin as what it is.

If you consider what happened in 2017 to be a bull run, and that's your only example of a bull run that you have gone through, you might be up for a surprise. Surprise in the way that we see the market go up gradually instead of massive legs up where people blindly buy themselves into the market.

I already see it happening; the price has gone over the $10,000 level, and people still speculate about when the bull run will finally start. 

Back in 2014/2015 people weren't even remotely as speculative and dreamy about bull runs as the people we're dealing with right now. 2017's adoption wave is the worst so far, and I'm pretty certain that it will only get worse the deeper we dig into mainstream adoption.

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. 

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.

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".

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.

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

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.

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? 

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

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.

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

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.

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.

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.

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.

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.”

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.