I know what you did last crypto winter…

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BI India BureauFeb 2, 2022, 16:39 IST
I know what you did last crypto winter…

BI India

  • The current bear market in cryptocurrencies has many worried that another ‘crypto winter’ may be on the cusp of setting in.
  • The last time this occurred Bitcoin’s value fell by 80% in less than a year.
  • Business Insider’s monthly comic strip, ‘Bitter Coin’ takes a comical take on what could be running through the minds of cryptocurrencies during the doldrums.
The recent lull in the market has many speculating that another ‘crypto winter’ may be in the making. The last time this happened was between late 2017 and early 2018. At the time, Bitcoin’s price tanked by 80% from its then all-time-high.

But, not all analysts are on the same page. Others believe the red in the markets is the usual seasonal dip seen at the beginning of any new year and the prices of cryptocurrencies will most likely be back up in April, enroute to beat their last all-time-high — which happened in November 2020 — before the year’s out.

Here’s the sixth story in a series that we, at Business Insider, like to call ‘Bitter Coin’ — we know what you did last crypto winter.
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Crypto winter is coming

Crypto winter is coming
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Stage one: Denial

Stage one: Denial
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Stage two: Anger

Stage two: Anger
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Stage three: Bargaining

Stage three: Bargaining
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Stage four: Continue to bargain… Because it’s crypto

Stage four: Continue to bargain… Because it’s crypto
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What happened to alt-season?

What happened to alt-season?
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They know what you did last crypto winter

They know what you did last crypto winter
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Is winter centralised?

Is winter centralised?
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Catch up on what else is up in the world of cryptocurrencies with Bitter Coin. Here’s the full collection.

Bitter Coin Part 1: No one (crypto) coin to rule them all

Bitter Coin Part 2: The best ‘fit’ for decentralised finance (DeFi)

Bitter Coin Part 3: Do you Bitcoin?

Bitter Coin Part 4: Crypto romance — Love in the times of blockchain

Bitter Coin Part 5: Cryptocurrency New Year’s resolutions

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