Forum members discussed r/cryptocurrency on Saturday That the current bear market has become the second longest bear market in Bitcoin price history. According to the forum post, the current crypto winter has lasted more than 380 days, just short of Bitcoin’s longest decline of 415 days during the 2013-2015 bear market.
“Surviving a bear is a rite of passage” — Redditors Debate Surviving Second Longest Bitcoin Bear Run
Winter Continues, 2022 On Saturday, November 26th, Redditor u/partymsl published a forum post on r/cryptocurrency, declaring the current recession “the second longest bear market ever for cryptocurrencies.”
The post’s author noted that this crypto bear market was “likely to be the longest” and stressed that “we are not kidding about surviving this [bear market].” . Further, u/partymsl summarizes how the authors define a bear market, stating that it is “basically a long period of time when prices are well below recent [all-time highs].
“Another black swan in cryptocurrency and another leg this time thanks to FTX. We are now officially in the second longest bear market ever with the r/cryptocurrency post down, which I don’t know if it should be. “Especially with current global sentiment, this could very well be the most brutal and longest bear market.”
2018-2019, according to the author. The Bitcoin bear market has lasted 365 days, and the current drop is over 380 days. Redditor u/partymsl also noted that the price of the “very unlikely” cryptocurrency has bottomed out. In addition, 380 days later, the author highlights that the current cryptocurrency bear market has come a long way from Bitcoin’s 2013 to 2015 bear market. increase.
“The biggest crypto bear market is not too far away. The 2013-2015 bear market took 415 days, so it is early January and we may still be in a bear market. Very expensive,” explained u/partymsl on Saturday. The Redditor post is popular on r/cryptocurrency and he had 89% upvotes and 514 upvotes at the time of writing. His two cents for the author also got a lot of comments from his fellow Redditors. They also discussed the u/partymsl chart shared in this post.
“Surviving a bear is a rite of passage. It turns rookies into veterans,” said one . used to post here, but now it’s a ghost town,” another person replied, referring to the drop in crypto postings since the bull market. “Non-smokers never win,” another Redditor quipped.The author of the post urged survivors of the cryptocurrency bear market to their determination and achievements so far. It reminded me that I should be satisfied.
“The day may be near when you call yourself a survivor of the most brutal and [longest] crypto bear market in history, but it’s not going to be easy,” he said. Redditor u/partymsl Wrapped up. “Millions have left the market and we are truly the last survivors. You deserve a pat on the back for coming this far and possibly farther.”
What do you think about how the current bear market could be the second longest recession and outperform the longest? Let us know what you think about this subject in the comments section.
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