Disclaimer: This article does not constitute any investment advice.
"It's not the first time, nor will it be the last time."
The six-year cold winter has long lost confidence. It can be said that there is nothing that does not lose money in the bear market, but it is just a matter of losing more or less.
Today, Coin Beast recharges a wave of faith for everyone. It is not the first time in the bear market, nor is it the last time. We will definitely survive it.
If you are a passive cryptocurrency investor, then you may feel that this bear market will never end.
But history shows that the bear market will always end.
In the nine years since the birth of Bitcoin, the number of deaths has been declared more than 300 times.
To briefly understand the situation of the Bitcoin bear market, it is necessary to analyze the various bear markets experienced since the birth of Bitcoin until 2018, and emphasize the different factors that drive prices and overall social sentiment into chaos.
Coinmon Beast divides the bear market of cryptocurrencies into the following different stages. In the analysis, we define a bear market as a price that continues to fall by no less than 20% for at least 2 months.
Through this definition, we found that since the birth of Bitcoin, we have experienced three major bear market stages: , , which does not include the long bear market that may be experienced in 2018 in the future.
Bear market 1: January 11, 2012-July 11, 2012
Hacker era duration: 185 days highest price: $7.08 Bear market lowest price: $4.22 Decline: -40%
Bitcoin ushered in its first major bear market in 2012. This year's bear market was mainly affected by a series of hacking incidents and other negative events that led to uncertainty in Bitcoin.
htmlOn January 11, the price of Bitcoin reached the highest value of the bear market cycle. But things went in a very bad direction after TradeHill, the second largest Bitcoin exchange, was shut down on February 13 due to regulatory issues.For the six months since then, Bitcoin has been in a bear market until the price fell to $4.22 on July 11. Other events that caused the price of Bitcoin fell include the incident of Bitcoinica being hacked and 18,000 bitcoins being stolen, and Linode being hacked and 46,000 bitcoins being stolen.
Bear market 2: August 7, 2012 - December 6, 2012)
Legal litigation era duration: 111 days Highest price: USD 13.35 Lowest price: USD 8.4 Decline: -37%
The second bear market appeared in the form of legal lawsuits shortly after the first bear market caused by hackers on the exchange ended.
This series of litigation incidents caused more negative emotions and greater loss of confidence among market participants at that time.
htmlOn August 6, Bitcoinica was sued in court. The next day, the price of Bitcoin fell, which shows the market's attention to this event. In addition, a series of negative events continued in September, causing negative emotions to spread.
Bear market 3: November 29, 2013-January 7, 2015
Cryptocurrency Winter Duration: 415 days Highest Price: 1149.14 USD Lowest Price: 197.24 USD Lowest Price: -83%
2013 is not only a very important year in the history of the Bitcoin bear market, but also a very important year in the entire history of the Bitcoin history.
In October 2013, the US FBI officially closed the online black market and the first modern dark web - Silk Road.
However, the importance of Silk Road in Bitcoin history is that it represents a form that the crypto asset has been widely adopted by users for the first time.
Although all activities were stopped in the Silk Road in October that year, the price of Bitcoin continued to rise until the end of November. Only then did the market completely digest the impact of this incident and turn to a decline.
According to the above three bear market cycles, the shortest time is 111 days and the longest time is 415 days. So far, the bear market in 2018 has only been more than 150 days, which is still a certain distance from the 415-day bear market.
So, don’t just care about the length of the bear market cycle. The most important thing to do now is to learn more and learn investment philosophy and skills if you can’t calm down. Even if a bull market really comes, you won’t be able to seize the opportunity.
For the new leek, Bibian recommends 2 books - "Poor Dad Rich Dad" and "Puppy Money" . Both books are from shallow to deep, easy to master, and are very suitable for beginners to invest.
often many people don’t do the seemingly simple truths in the book. As mentioned in the book: Adults often spend their entire lives thinking about things they don’t know, cannot do, or do not have.
Source of this article: Blockchain monster
