12-17-2022, 09:07 AM
4 years ago we had the previous bear market 2018 bottom happening. Here we are now,
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/znkl64/4_years_ago_we_had_the_previous_bear_market_2018/"> <img src="https://b.thumbs.redditmedia.com/P5XSv9kXbOYgwEn9IFaArzt71DayjBdAl4KfdNTX0AM.jpg" alt="4 years ago we had the previous bear market 2018 bottom happening. Here we are now, in an even bigger bear market." title="4 years ago we had the previous bear market 2018 bottom happening. Here we are now, in an even bigger bear market." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>If we turn the clock back exactly 4 years from now we would be on the 16th December of 2018 and Bitcoin would have just made its bear market bottom after the 2017 top of $20k. Right now we probably would have never thought that we just bottomed as BTC fell from long-lasting $6k to just above $3k in little over a month, a 50% crash to form the bottom.</p> <p>​</p> <p><a href="https://preview.redd.it/h5lb3dmksa6a1.jpg?width=2050&format=pjpg&auto=webp&s=ac64e4f8c47af22acfe40f15cadcd82af574e708">Chart from therationalroot on Twitter</a></p> <p>As we can see on this chart, this bear market has now officially taken longer to form a bottom than in 2018, where it happened in just about a year. There are also a ton of other metrics suggesting that this bear market has been proportionally bigger and longer than the bear market in 2018.</p> <p>This obviously shows in what kind of an extraordinary situation BTC is, it can very well be argued that we are in a way worse spot than BTC was in 2018. We had tens of big entities in crypto fail this year, under which were the billion dollar scams of LUNA and FTX.</p> <p>This, right now, is truly an exceptional bear market with the crypto playfield being cleansed of billion-dollar scams and thus a survivor of this will be exceptional too. Hang in there.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/partymsl"> /u/partymsl </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/znkl64/4_years_ago_we_had_the_previous_bear_market_2018/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/znkl64/4_years_ago_we_had_the_previous_bear_market_2018/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/znkl64/4_years_ago_we_had_the_previous_bear_market_2018/"> <img src="https://b.thumbs.redditmedia.com/P5XSv9kXbOYgwEn9IFaArzt71DayjBdAl4KfdNTX0AM.jpg" alt="4 years ago we had the previous bear market 2018 bottom happening. Here we are now, in an even bigger bear market." title="4 years ago we had the previous bear market 2018 bottom happening. Here we are now, in an even bigger bear market." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>If we turn the clock back exactly 4 years from now we would be on the 16th December of 2018 and Bitcoin would have just made its bear market bottom after the 2017 top of $20k. Right now we probably would have never thought that we just bottomed as BTC fell from long-lasting $6k to just above $3k in little over a month, a 50% crash to form the bottom.</p> <p>​</p> <p><a href="https://preview.redd.it/h5lb3dmksa6a1.jpg?width=2050&format=pjpg&auto=webp&s=ac64e4f8c47af22acfe40f15cadcd82af574e708">Chart from therationalroot on Twitter</a></p> <p>As we can see on this chart, this bear market has now officially taken longer to form a bottom than in 2018, where it happened in just about a year. There are also a ton of other metrics suggesting that this bear market has been proportionally bigger and longer than the bear market in 2018.</p> <p>This obviously shows in what kind of an extraordinary situation BTC is, it can very well be argued that we are in a way worse spot than BTC was in 2018. We had tens of big entities in crypto fail this year, under which were the billion dollar scams of LUNA and FTX.</p> <p>This, right now, is truly an exceptional bear market with the crypto playfield being cleansed of billion-dollar scams and thus a survivor of this will be exceptional too. Hang in there.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/partymsl"> /u/partymsl </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/znkl64/4_years_ago_we_had_the_previous_bear_market_2018/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/znkl64/4_years_ago_we_had_the_previous_bear_market_2018/">[comments]</a></span> </td></tr></table>