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RE: Congratulations! You are about to survive the longest bear market in Bitcoin's history!
Hi there, @jrcornel, I respect your experience in the market and am keen to learn from your experience. I found these charts referring to bitcoin's price cycles. Can you perhaps give an opinion on them?
![Bitcoin price prediction log graph til 2024.jpg]
![Crypto bull bear phases graph.jpg]
They are really old charts, no?
Good point, they are quite old, though the second one shows price up to Q2 2018, and shows how each cycle in bitcoin gets longer and longer.
I guess it all depends on what you define a "cycle" as. In this case it looks as though there has only been 3 cycles in Bitcoin's history according to the charts. I see about 6 or so, but that is just me. :)
Aha, I understand, thanks for clarifying that.