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RE: Current Bitcoin Bear Market Similar to 2014/15 Bitcoin Bear Market?

in #bitcoin6 years ago

There has been loads of interpretation to the current state of the market.
Depending on ones position, every analysis that tends towards one leaning surely resonates.
The truth is that a lot has happened fundamentally in the crypto ecosystem and bitcoin in particular.
The 2013-15 under reference here is quite different from this year 2017-18 under review.
Then not a lot of people were aware of crypto but today a lot more people are away, not just aware alone but investors. Also the growing acceptability of bitcoin today and it expected longevity is a plus.
I think generally the present bear market will be short lived compared to the reference 2013-15.

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Yes that is a very good point. No two situations are identical, though sometimes similar patterns emerge. Never before has there been this much awareness and attention surrounding bitcoin and never before as there been this much money involved with it. That certainly can change things...