I still think many people are underestimating bear markets and how painful they tend to be.


We're currently down 44% from all-time highs, with the local bottom sitting at -53% from ATH. Previous 2 bears bottomed at -77% and -84%, respectively.
And sure, there's an argument to be made for less return in the bull meaning less drawdown in the bear - but even then; time has been a very consistent variable in crypto so far.
Bulls last around 150 weeks; bear markets around a year. In that aspect, too, we're not nearly where a bottom would usually occur.
I've heard the 'this time is different' argument hundreds of times in my time as an investor - I've even tried to make the argument myself, but it hardly ever is.
Unfortunately, I think there is more pain ahead for $BTC - whether that is another sharp leg down, slow bleed, or just a long, boring period of sideways.
Patience remains my game.
BTC-1.8%
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