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The current bear market is at present the second-longest bear market in the historical past of bitcoin values, as was debated on Saturday by members on the discussion board r/cryptocurrency. The discussion board submit claims that the present crypto winter has lasted more than 380 days, barely in need of the 415-day length of the longest bitcoin downturn that occurred throughout the 2013-2015 bear market.
Bear Survival Is a Rite of Passage — Redditors Talk About Surviving Bitcoin’s Second-Longest Bear Run
People have been questioning how lengthy the crypto winter will endure over the previous few months, and on Saturday, November 26, 2022, Redditor u/partymsl made a discussion board submit on r/cryptocurrency claiming that the present dip is “the second-longest bear market ever for crypto.” The writer of the essay highlighted that “survival this [bear market] is no joke” and famous that present crypto bear market is “likely to be the longest.” A bear market, in accordance to u/partymsl, is “essentially a long period where the price remains significantly below the recent [all-time high],” which is how the writer defines it.
The writer of the r/cryptocurrency article writes, “With another black swan in crypto and another leg down, this time due to FTX, we are now officially in the second-longest bear market ever, a feat I do not sure whether we should be proud of.” “This could very well be the most cruel and prolonged bear market,” the writer writes, “especially given the present attitude around the world.”
The writer claims that the present decline has now lasted more than 380 days and that the bear market in bitcoin from 2018 to 2019 lasted 365 days. The backside of the cryptocurrency market is “extremely unlikely,” in accordance to Reddit consumer u/partymsl. The article additionally factors out that, after 380 days, the present crypto bear market is perilously shut to surpassing bitcoin’s 2013–2015 bear run.
According to u/partymsl on Saturday, “To become the longest crypto bear market we are not too far off either, the 2013-2015 bear market took 415 days, which would place us in early January and most likely still be in a bear market.” On r/cryptocurrency, the Redditor’s article obtained a whole lot of consideration, garnering 89% of the upvotes and 514 of them as of this writing. The graphic that u/partymsl printed with the submit was additionally a subject of debate in lots of the feedback made by different Redditors in response to the writer’s opinion.
“A rite of passage is surviving a bear makes novices become veterans,” one particular person claimed. Another particular person stated, “40 thousand people used to post here, now it’s a ghost town,” referring to the drop in posts on r/cryptocurrency following the bull run. Another consumer on Reddit snarked, “Quitters never win.” The writer of the submit inspired those that made it by means of the crypto bear market that they ought to be pleased with their tenacity and perseverance for getting this far.
The Redditor u/partymsl wrote, “You can soon claim yourself a survivor of the most savage and [longer] crypto bear market in history and that is not easy. We are genuinely the last persons left standing after millions of others deserted the markets. You all deserve a handshake for making it this far and perhaps even beyond. Good Work.”
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