Quote from: hatshepsut93 on November 04, 2018, 11:28:08 PM

Quote from: beatles132 on October 28, 2018, 11:17:01 PM

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..

Bull run will happen because market cycles are a part of every market. Everything has bull and bear markets - gold, stocks, commodities, currencies. So, with Bitcoin, the only question is when will it happen and when will this bear market reach its bottom. There were many greedy predictions this year claiming there will be bull run at the end of this year, so people might have some unrealistic expectations, but it's safe to assume that the bull run will happen within next 4 years.

that seems reasonable enough. it leaves enough room for a multi-year bear market, which so many people are dismissing prematurely. the confidence many people have that the bear market is over---despite no technical evidence of a price reversal---is unnerving to me. at the bottom in 2015, sentiment was much more negative. everyone thought bitcoin was dead, and hope was destroyed. it felt very different from now.

this is why tim draper prevailed when other grand predictions failed. these cycles can take years to develop.