The current bear market is now the second-longest bear market in the history of bitcoin prices, as was discussed on Saturday by participants in the forum r/cryptocurrency. The forum post claims that the current crypto winter has lasted more than 380 days, just short of the 415-day duration of the longest bitcoin downturn that occurred during the 2013-2015 bear market.
People have been wondering how long the crypto winter will endure over the past few months, and on Saturday, November 26, 2022, Redditor u/partymsl made a forum post on r/cryptocurrency claiming that the current dip is “the second-longest bear market ever for crypto.”
The author of the essay highlighted that “survival this [bear market] is no joke” and noted that current crypto bear market is “likely to be the longest.” A bear market, according to u/partymsl, is “basically a long period where the price remains significantly below the recent [all-time high],” which is how the author defines it.
The 2013-2015 bad market lasted 415 days, which would place us in early January and make it extremely likely that we are still in a bear market, therefore we are not too far off from becoming the longest crypto bear market, said u/partymsl on Saturday. On r/cryptocurrency, the Redditor’s article received a lot of attention, garnering 89% of the upvotes and 514 of them as of this writing. The graphic that u/partymsl published with the post was also a topic of discussion in many of the comments made by other Redditors in response to the author’s opinion.
“Withstanding a bear is an important milestone. makes novices become veterans,” one person claimed. Another individual said, “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.
You can soon call yourself a survivor of the most brutal and [longest] crypto bear market in history and that is not easy,” the Redditor u/partymsl concluded. “Millions of people left the markets and we are truly the last ones standing. For coming this far and possibly even further, you all deserve a pat on your back. Well Done.”
