AlexFr
New member
The truth is Bitcoin has a long history of bear markets. But this bear market differs from the several significant drops in its history. What awaits us soon?
The first crypto bear market started on January 11, 2012, and Bitcoin's price went down up to US$4.22 on July 11th.
The next bear market lasted from August 7, 2012, to December 6th, 2012. As you have already guessed Bitcoin has not died despite the price dropping to $8.4.
The crypto winter started on November 29, 2013. It lasted 415 days and finished on Jan 7th, 2015. Experts predicted Bitcoin’s death and the big problem for the crypto market. As we know, it didn’t happen.
After the 2017 boom Bitcoin crashed again. On 17 December 2017 Bitcoin's price hit a new all-time high of $19,783 but on 22 December 2017 Bitcoin dropped to below $11,000. The price of bitcoin fell to $5,500 on 15 November 2018. Did Bitcoin die? No, it didn't.
On 16 March 2020, the Bitcoin price dropped again to $5,000 due to the COVID-19 pandemic. But it was the exception and black swan event.
Experts including analysts of EvBlock (the Swiss crypto exchange) predict that the new crypto winter has started. Now the key driver of the crypto crash is crypto loans. The leveraged speculation led to the rise of crypto prices in 2021. But in 2022 money will move out of deployed crypto financial systems due to over-leverage and poor risk-taking. The interest rates rising and the Ukrainian-Russian war also affect crypto prices. Crypto collateral that supported loans one day became deeply discounted.
But there is nothing new. This crypto winter looks like the 2007-2008 financial crisis.
Anyway, crypto market capitalization is about $1 trillion which is good. Regulations and crypto maturity will have a positive impact on crypto prices in near future.
If you're a risk-taker, you can buy Bitcoin at a low price to make money in the future. Just follow the common rules of wise investors.
The first crypto bear market started on January 11, 2012, and Bitcoin's price went down up to US$4.22 on July 11th.
The next bear market lasted from August 7, 2012, to December 6th, 2012. As you have already guessed Bitcoin has not died despite the price dropping to $8.4.
The crypto winter started on November 29, 2013. It lasted 415 days and finished on Jan 7th, 2015. Experts predicted Bitcoin’s death and the big problem for the crypto market. As we know, it didn’t happen.
After the 2017 boom Bitcoin crashed again. On 17 December 2017 Bitcoin's price hit a new all-time high of $19,783 but on 22 December 2017 Bitcoin dropped to below $11,000. The price of bitcoin fell to $5,500 on 15 November 2018. Did Bitcoin die? No, it didn't.
On 16 March 2020, the Bitcoin price dropped again to $5,000 due to the COVID-19 pandemic. But it was the exception and black swan event.
Experts including analysts of EvBlock (the Swiss crypto exchange) predict that the new crypto winter has started. Now the key driver of the crypto crash is crypto loans. The leveraged speculation led to the rise of crypto prices in 2021. But in 2022 money will move out of deployed crypto financial systems due to over-leverage and poor risk-taking. The interest rates rising and the Ukrainian-Russian war also affect crypto prices. Crypto collateral that supported loans one day became deeply discounted.
But there is nothing new. This crypto winter looks like the 2007-2008 financial crisis.
Anyway, crypto market capitalization is about $1 trillion which is good. Regulations and crypto maturity will have a positive impact on crypto prices in near future.
If you're a risk-taker, you can buy Bitcoin at a low price to make money in the future. Just follow the common rules of wise investors.
