So basically last year was full of great ups and downs, but this years bitcoin doesnt have that amazing news or the great interest from the people who doesnt invest or doesnt own, like last year my father came and asked me about btc (when it went higher than 10k$) but now it is just back to the normal state which is only interest from the holders.
So let me re ask my questions: Do you think it was just a trend? Or it is a wave that has ups and downs, and will come back again?
Or do you think it is just something normal to happen since people believed it is just a trend?
It is definitely a wave. Trends are usually out trended when their time goes by, people usually use trend word for clothes so by comparison for example a jean that had baggy ends were trends for a while but now they are all gone. Bitcoin will never be fully gone, its always here and it still has more users than ever reading about it every single day.
Even people who came in during the peak and left still take a look at it once in a while. That is why I think bitcoin will be just a wave, sometimes it goes up and sometimes it goes down and in the end no matter what happens the sea levels increase just like in real life. The water is getting bigger and bigger in volume because there are more and more pouring in every single day. Hence, it is just wave and we are on the down turn for now but the big tides will come one day for sure.
Why are you limited to last year, look further in the past and you will see that something big started 10 years ago and still lasting. It`s growing every year, even in terms of price, cause except that peak 2 years ago price has grown a lot since I`m here. In every way we are bigger than before and that trend will last a lot more. You can call it a wave to, and it`s getting bigger and bigger. Just compare prices and market cap from 2013 and now, you will see where we are in just 6 years. In next 6 years we can expect some big miracles to happen with cryptocurrencies.