Read before posting Negative feedbacl:
I do not intend to create a FUD, nor I want to speculate. This is my logical analysis and you are welcome to question it.
The last surge in December 2017 was when mainstream media started covering Bitcoin and a "lot" of new investors/traders/oppertunist started talking about and started looking into it
I agree. The surge in December 2017 was due to FOMO and newbies who think that they make a lot of money and that the rise will still go on the next couple months or year.
October 2018 ICOs have failed, most of the ALTs are below their ICO price. That means, Now there are less Fool and people have started understanding the concept. no more Sheeps to slaughter ... Much harder to manipulate price (or atleast people are aware of it.
Forgot about ICO. We all know that sooner or later they will fall. And I do think that we're seeing a lot of
smart investors. Meaning they won't enter altcoins market again just because of ICO.
So, Where will the bull run come from?
As an example, Think like --- Lots of people were hodling when Bitcoin touched 20K.... But now repent doing so... 100% if Bitcoin price surges to even 9000$, they will dump knowing there will be again a correction.
This is what I analysed logically. I may be wrong. I hope I am wrong.
Bull run will come, when you least expected. I'm don't get your logic of dumping at $9K specially those who bought it at $20K though because they will still suffer a lost. If I'm the one who bought it at its peaked then I will just hold on it until I see a good ROI.