On Saturday, members of the r/cryptocurrency forum discussed how the current bear market is the second longest bear market in bitcoin price history. According to a forum post, the current crypto winter lasted more than 380 days, just under the longest bitcoin bear market of 2013-2015, which lasted 415 days.
‘Surviving a Bear Is a Rite of Passage’ – Redditors Discuss Surviving the Second Longest Bitcoin Bear Run
Over the past few months, people have been wondering how long the crypto winter will last, and on Saturday, November 26, 2022, Redditor u/partymsl posted a forum post on r/cryptocurrency declaring the current recession the “second longest ever.” the cryptocurrency market is always bearish.”
The author of the article notes that this cryptocurrency bear market “is likely to be the longest” and emphasized that “surviving it is possible.” [bear market] no joke.” Moreover, u/partymsl summarized how the author defines a bear market, explaining that it is “basically a long period in which the price remains well below recent periods. [all-time high].
“Another black swan and another leg down in crypto, this time due to FTX, we are now officially in our second longest bear market ever, not sure if we should be proud of this achievement” r/cryptocurrency post. the author notes. “Especially with the current sentiment globally, this could be the most brutal and longest bear market yet.”
According to the author, the 2018-2019 bitcoin bear market lasted 365 days, and the current downturn has now lasted 380 days. Redditor u/partymsl also noted that prices for his “very hard” cryptocurrency have dropped. Moreover, at 380 days, the author notes that the current cryptocurrency market is very close to surpassing bitcoin’s 2013-2015 bear run.
“We’re not too far off to be the biggest cryptocurrency bear market either, the 2013-2015 bear market lasted 415 days, which would put us at the beginning of January, which is still very likely to be in a bear market,” – u/partymsl he explained. Saturday. The Redditor’s post was popular on r/cryptocurrency with 89% upvotes and 514 upvotes at the time of writing. The author’s two cents also received many comments from fellow Redditors discussing the u/partymsl chart shared with the post.
“Surviving a bear is a rite of passage. It turns newbies into veterans,” said one. “Used to have 40k people posting here, now it’s a ghost town,” another responded, referring to the drop in posts since r/cryptocurrency’s bull run. “Users never win,” gushed another Redditor. The author of the article reminded the survivors of the crypto bear market that they should be happy with their determination and that they have made it this far.
“You can soon call yourself a survivor of the most brutal [longest] Crypto bear market in history and it’s not easy,” concluded Redditor u/partymsl. “Millions of people have left the markets and we’re really last. You all deserve a pat on the back for making it this far and maybe even more. Well done.”
What do you think about the current bear run becoming the second-longest decline and how it could surpass the longest bear run? Let us know what you think about this topic in the comments section below.
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