True. It wouldn't be the first time I did that! Granted, being a bull in 2014 was not an easy thing to be though. I have high hopes for 2015!
I have visions of T shirts and bumper stickers that say "I survived the 2014 bitcoin bear market"
(only after the rebound of course )
Yes. Hopefully we don't have to make "I survived the 2
Well, the June 2011 all time high at about $32 wasn't surpassed until Feb 2013, separated by a bear market lasting 20 months. We're about 13 months into this one. Maybe the TA guys can say how long this one will last but I sure as hell don't know ...
The bear market lasted from June 2011 to November 2011. 6 months. Then there was the reversal. The bull market started in November.
This current 2014-2015 bear market is the longest in BTC history. It has never happened before.
Ofcause, this is how the bitcoin bubble finally burst looks like, it's nothing like ever happened before and the history hasn't have to be repeated again and again,
Slowly dying bitcoin is a pain in perma-bulls dream
It's not necessarily slowly dying, there are now more bitcoins floating around than ever before. After the block reward halves there should be about three quarters mined of all bitcoins ever to be minted. Miners will have les to dump and the price should go up.
During previous bear markets there were less bitcoins floating round so hen people started buying it quickly pumped the price up.