Soon enough some of the whales that own tens of thousands of bitcoins will start to think:
"Hmm, i see that this lottery ticket is on a bear trend since 1 year and a half, going strong on 2. Are the potential millions of dollars worth the wait (extremely risky) or i should just cash out and enjoy my life while i'm on my 20's-30's ?
This is a scenario to take in consideration. If this mentality sets in, goodbye Shi...Bitcoin! It's done...
I still believe that this is one of the reasons for the recent dumps. The enthusiasm fades away slowly and as we know, owning bitcoins is an incredibly stressful experience. Especially for those who get to see their fortunes reduced to 70%... 50%...30%...and so on. Imagine having 10 million dollars worth of BTC in 2014 now reduced to 1.6 millions. Heart breaking...