On Decemenber 7th 2017 Bitcoin reached $17,900. At the time of writing, November 11th 2022, Bitcoin is at $16,800.

https://imgur.com/hfRlKoI.png Picture to show price at the time.

We are living historic times right now. Never before has there been a time span this long, over which Bitcoin price has gone down. If you had bought Bitcoin at the peak hype of 2017, and hodled until today, you would have lost money, even without adjusting for inflation.

The milestone of a 5-year negative price development is looming right ahead of us. Even if the price goes up a bit from here, the famous 20k peak of 2017 is at December 17th, which is another large threat to reaching the infamous milestone.

Similarly, the market dominance of Bitcoin is also at a 4.5 year low, as Bitcoin was hit by the FTX crash harder than the market average.