Im curious as to why many people "hope" for a bull run? How is this bull run gunna happen if everyone is hoping for a bull run.
I essentially think the mega run was last year, why would any new money come into it after what happened last year? People saw the rise and the crazy fall and loss it does. No one is in it for technology its all about wanting to get rich. I don't see how people think a bull run is coming..
Care to help me understand how you think this?
All i see in crypto is PURE speculation and everyone will agree with ANYTHING that helps them secure there beliefs in there own investment.
Well, there are already institutional investors that are coming in at this stage believe it or not, in the middle of the bear market.
The thing is that there are people who are invested in bitcoin in order to speculate, and there are people who actually believe in the technology behind it, which most people on this forum I assume are. It's probably not wise to generalize the bitcoin investors worldwide into any single category for their motivations.
The thing is though, that bitcoin moves in cycles and last year saw some pretty crazy bullish growth which was admittedly unsustainable. This year, that's why we see the bear market kicking in. A bull market will re-enter as soon as this bearish sentiment clears, which I think will definitely take a year or two further based on historical trends, but will happen sooner or later.