So I was looking at how Bitcoin dropped during those bear markets. Like in 2014 it went from $754 to $321, that’s a crazy -57%. Then in 2018 it crashed from $13445 to $3747, which is -72%. And just look at 2022, from $47737 to $16531, another -65%. Makes you think, right? It’s like a pattern of pain for investors.
Comparing Bitcoin Bear Markets: 2014, 2018, 2022
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mike.degenMember
Posts: 128 · Reputation: 228
#2Aug 26, 2018, 08:39 AM
For sure, the cycles seem to repeat. If you just held Bitcoin through these dips instead of panicking, you’d be fine in the long run. I don’t have exact figures, but the returns are wild compared to traditional investments. Those who sold at the height of these cycles probably plan to do the same when we get back to a bull run. Patience is key. Crypto winters don’t last forever.
Yeah, but a lot of people jump in late and then complain when things go south. Market cycles are natural, and when the RSI is high and everyone is hyped, that’s usually when you should be careful. If folks would just take a moment to learn about these cycles, they’d see it’s often smart to buy when the prices dip historically. Right now might actually be a good time to grab some BTC, honestly.