The Longest Bitcoin Bear Market in history!! Close. Posted by 1 year ago. Archived. The Longest Bitcoin Bear Market in history!! By next week we can all say proudly or not, that we survived the longest bitcoin bear market in history. Bitcoin breaks the record Feb. 2. It's been a long . Bitcoin remained in a bear market during this period for a total of six months, dropping to US$ on July 11th. Other events that contributed to the asset’s downtrend were the Bitcoinica hack, where 18, BTC was lost, and the Linode hack, where 46, BTC was taken from the web hosting provider. Bitcoin [BTC] is fast approaching the date of the longest bear market in its year history. The previous longest period of Bitcoin bear market was in where the bear market least for days. On 2nd February , it will be days of the present bear market.
Longest bitcoin bear marketWe’re Officially in the Longest Bitcoin Bear Market in History, Days & Counting | Cryptoglobe
Bitcoin [BTC] is fast approaching the date of the longest bear market in its year history. The previous longest period of Bitcoin bear market was in where the bear market least for days.
On 2nd February , it will be days of the present bear market. From there on an accumulation of Bitcoin slowly began building up which paved the way for the bull run. On 2nd February , Bitcoin would cross the previous record of days effectively becoming the longest-serving bear market in the cryptocurrency bear market.
But if you look at the data , it can be revealed that maybe Bitcoin has started the accumulation period. What is interesting is the while the cryptocurrency is in a bear market, the transaction volume is up.
Even the number of new Bitcoin addresses have increased. Messamore Email. Bitcoin [BTC] creates new record; continues downward spiral for the sixth consecutive month.
Will bitcoin do the same in 10 years? I have my doubts. Investors, along with entrepreneurs and the computer and software engineers who were leading the way, understood the enormous potential of the Internet, and quite correctly knew that it would form the basis for a global economic and cultural revolution unlike anything before it.
They knew the opportunities for commerce would exist on an unheard of scale. And so they devoted the resources to it that were commensurate with the scale of the opportunities for profit, but although it inevitably would in a few years, the Internet had not reached that scale yet, and so too much money was chasing after not enough opportunities.
Capital is chasing after a potential that has not yet reached the scale that the visionaries have good reason to believe it will. It is important to note that for each new major technological paradigm shift over the last years, the time to mass market adoption decreases.
Building on the opportunities and connectivity of the previous paradigm shift, each new one reaches scale faster than the last. So it will likely not take as long for crypto to reach scale on an Internet that already has. They invested too early, and they invested too carelessly. They invested as if the rising tide of technological progress would raise all boats, but this is not how it works. When the tide goes out, as Warren Buffet likes to say, you find out who was swimming naked.
In the s many software developers and tech enthusiasts reviled Bill Gates as a monopolist who threatened the principles their tech revolution stood for.
But a major reason for his success was Bill Gates was very conservative about growing Microsoft. As he explains on this interview with Ellen, many of his employees were older than he was and had families to support. They hired too many people too fast.