Crypto supporters rejoice after surviving the second-longest Bitcoin bear market, which lasted more than 380 days.

People have been wondering how long the crypto winter will last in recent months, and on Saturday, November 26, 2022, Redditor u/partymsl published a forum post on r/cryptocurrency declaring the current downturn to be “the second-longest bear market ever for crypto.”

The author of the post claims that this crypto bear market is “likely to be the longest” and emphasizes that “survival in this [bear market] is no joke.” Furthermore, u/partymsl summarized the author’s definition of a bear market, stating that it is “basically a long period where the price remains significantly below the recent [all-time high].”

“With another black swan in crypto and another leg down, this time due to FTX, we are now officially in the second-longest bear market ever, an achievement I’m not sure we should be proud of,” writes the author of the r/cryptocurrency post. “With the current global sentiment, this could very well be the most brutal and longest bear market.”

The author claims that the 2018-2019 bitcoin bear market lasted 365 days, and that the current downturn has lasted more than 380 days. Redditor u/partymsl also stated that crypto prices have reached a “highly unlikely” bottom. Furthermore, with 380 days under his belt, the author claims that the current crypto bear market is on the verge of eclipsing bitcoin’s 2013-2015 bear run.

“We are not far off becoming the greatest crypto bear market either, the 2013-2015 bear market took 415 days, which would put us in early January, which is very likely still in a bear market,” u/partymsl explained on Saturday. The Redditor’s post was popular on r/cryptocurrency, receiving 89% upvotes and 514 at the time of writing. The author’s thoughts were echoed by many Redditors, who also discussed the chart u/partymsl shared with the post.

“Beating a bear is a rite of passage.” “It turns rookies into veterans,” one person said. “40 thousand people used to post here, now it’s a ghost town,” another person responded, referring to the decline in posts on r/cryptocurrency since the bull run. “Quitters never win,” snarked another Redditor. The author of the post reminded crypto bear market survivors that they should be proud of their perseverance in getting this far.

“You will soon be able to call yourself a survivor of the most brutal and [longest] crypto bear market in history,” Redditor u/partymsl concluded. “Millions of people fled the markets, and we are truly the last survivors.” You all deserve a pat on the back for making it this far, and possibly even further. Excellent work.”