[Bitcoin] Bitcoin could be entering a long term bear market, similar to the period between November 2013 and May 2015.
People entering the crypto space since december 2015, have almost only experienced a bull market price in Bitcoins price
I have been interested in Bitcoin and blockchain technology since april 2013. I remember very well the days after discovering Bitcoins, I didnt sleep for 2 days, since I was thinking about this life changing technology. My thought about this was wild and might be a topic for another time.
My question today is: Are Bitcoin and crypto currencies as a whole entering a long term bear market?
It is impossible to predict the future, but there are signs that we could be entering a long term bear market. There is a lot of FUD being spread in these days and Bitcoin have taken some huge price dips, it could be a long term bear market.
As you can see in the above graph, then a long term bear market have happened before for Bitcoin. Here is the period from November 2013 till May 2015, a period where many was calling Bitcoin for "dead". In reality I knew Bitcoin was not "dead" and that it was only a temporary movement, I think we could be entering a similar period now, but only time will tell.
nice post man
Thank you.
welcome hahaha
It is going to get exciting soon enough. I think it should be around Mid October when we can see whats to come in Future.
Indeed, I am excited to see if the Bitconnect hostle keeps being so profitable. The program that protect your money (plus 30-40% monthly interest and more) doing a bear market.
It is sweet to get "fiat value" every day when you have Bitconnect loans and the Bitcoin price is going down.
I am very wary of Bitconnect I know its a good Deal but my heart says something's not right.
I have done several loans and have not regretted it:
ahan thats what we call great luck lol 😍 btw we need to take risk to get what we want 😍
As i told in my post, the end of october will be fundamental to answer your question.
It is going to be exciting to see what will happen.
aaah am i late ? btw my story is similiar to that i was also curious about new currency bitcoin
No, but might look into these coins as they might appreciate more then Bitcoin:
https://steemit.com/favoritecoins/@lasseehlers/favorite-coins-steem-is-amoung-my-4-favorite-coins-can-you-guess-the-3-others
Well this worked out well...............not!