Within the big picture as described above, do you believe is still possible to have another future hype (fueled maybe by the interested actors and human psychology) or rather a continuous series of crashes/resistance?
Surely there may be another big bubble, if something happens that will create another big surge in demand. The Nov/2013 bubble was created by demand from the
amateur commodity traders in China. (You will never read that in the bitcoin media, because it is a very unpleasant fact standing in the way of any entrepreneur who needs to convince people to buy bitcoins, and bitcoin reporters know who is paying their meals.)
But I have no idea whether, when, or where such a big demand would arise. After 15 months of falling prices, bitcoin has lost quite a bit of its charm as investment. People are looking at Latin America, Africa, India, but of course I hope they won't fall into it. People's big hope is the ETF, which would perhaps attract money from the small investors in the US, such as the savings and retirement funds (IRAs) that currently cannot be put into bitcoin.