There are no slow confirmations, there are no exorbitant fees and SegWit is surely not a hack. SegWit is only at 20-30% currently, and if everybody was using it, fees and confirmations would be even faster. Combine that with the fact LN is being developed and there is essentially no way Bitcoin will be worth 1k in the next 5 years. Oh and I left out the halving which also should surely increase the price. Lest we forget the hashrate too that has been ever increasing. Literally all signs point to bullish, despite the price action as of late.
Yes halving is another factor which people are forgetting nowadays. From the next year people will start preparing for the coming halving and from the next year the price will get a good position and when an year is remained for halving then we do not see any decline in the price of bitcoin but the price of bitcoin then start to increase and till the halving it reach to a highest value and that remain there for a time being and then the effects of halving start and because of the decreased supply and a constant or increasing demand the price boost up much high in the market.