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So far they have accrued 2.65 BTC at an average price well under the current level of around $30,000 for 1 BTC. A Redditor and member of the r/CryptoCurrency community is claiming to be up 25% or $19,500, after taking out three personal loans worth a combined $59,000 to buy Bitcoin (BTC) over the past 18 months. According to the Redditor, whose account is crudely named “Vaginosis-Psychosis,” they now have a total of 2.65 BTC, which is worth $80,400 at current prices, and are betting big on the price of BTC hitting $100,000 by early 2025. In a June 30 post on r/CryptoCurrency, the user gave a run down on how they approached the highly risky method of getting their hands on BTC. Post on r/CryptoCurrency. Source: Reddit. The first two loans were taken out in February and June of 2022, totaling $15,000 and $20,000 apiece. They had a fixed annual percentage rate (APR) of 6% and 4.9% each, with monthly payments totaling $225 and $326. The third loan worth $24,000 was then taken out i...

Join Our Telegram channel to stay up to date on breaking news coverage The present bear market is currently the second -longest bear market in the history of bitcoin values, as was debated on Saturday by participants on the forum r/cryptocurrency. The forum post claims that the current crypto winter has lasted more than 380 days, barely short of the 415-day duration of the longest bitcoin downturn that occurred during the 2013-2015 bear market . Bear Survival Is a Rite of Passage — Redditors Talk About Surviving Bitcoin’s Second-Longest Bear Run People have been wondering how long the crypto winter will endure over the past few months, and on Saturday, November 26, 2022, Redditor u/partymsl made a forum post on r/cryptocurrency claiming that the current dip is “the second -longest bear market ever for crypto.” The author of the essay highlighted that “survival this [bear market ] is no joke” and noted that current crypto bear market is...