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The Next Bitcoin Cycle? .:. Yes or No?

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@ph1102
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From the beginning of its existence, Bitcoin was doing these "cycles" regarding its price, or better said, we had 8-12 months (or less) of a bull market, and then 2-3 years of bear markets... So, every 3-4 years, Bitcoin would repeat its pattern, but the big picture, when you zoom out the chart is that the price is going up...

These cycles can be connected with Bitcoin halving (the point when the number of future mined coins is dividing by 2), but it is also true that every big Bitcoin bull run can be explained with some "external" events... For example, the big ICO pump, or De-Fi, or something else...

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We also have to take in mind that Bitcoin is ONLY 10 years old, but during that period a lot of things around cryptocurrencies have changed, and not just there, but in the whole world economy... Like I said before, we can connect these finance 1.0 struggles with BTC pump (people were, and are, losing trust in traditional banks and the banking system in general), and it looks that the general opinion is that we need to CHANGE something...

So, why do I think that THIS cycle is different than the previous ones?

I see these cycles like the Bitcoin "maturing" period... In every cycle, the whole cryptocurrency world was getting some additional value, additional use-case, if I can say it like that... They have tried to "silence" all blockchain technology, but instead of losing power, crypto was building up more and more... When everyone was thinking that Bitcoin is dead, in tough bear markets, developers would find new use-case, new tokens and prepare their weapons and armors for the next cycle, getting even more traction...

The bear-markets are an ideal time for building and development

Personally, I was maybe a bit sleeping during the last 2-3 years of "silence"... I didn't sell my tokens, as I knew that we will see what we are seeing currently, but on the other side, I didn't build something "big" either... I was doing my ETH mining, staking and accumulating some tokens, building my HIVE portfolio (and some tribes portfolio) and my HivePower, but still, I could do more... Soon, I will launch a project that I believe will be a winner in a long term, and it will have a place here on Hive... Adding value to the whole blockchain and users that take part in it...

This cycle is different... If we can call it a cycle... Finally, after 10 years of silencing crypto, governments over the world had to give a green light... Maybe not that "open", but the usage and trading with cryptocurrencies became easier and more "legal" (not in every country, but it will come)... There was always some kind of fear that YOUR country will BAN crypto, and you will not be able to withdraw your money... That was one of the biggest fears of the richest people... When that obstacle got removed, we got some big players in crypto markets like Elon Musk, or Michael Saylor...

For some reason, people think that these two names are the only ones... Yes, they have a lot of publicity and we see them, but I bet that there are a lot of others that are buying YOUR Bitcoins when you are panic selling... Having all this in mind, somehow it looks more and more impossible that we see those big cycles that we had in the past... The rich people aren't buying Bitcoin to flip it in a day, they buy, and remove them to their wallets and HODL, as they usually, don't have problems with liquidity...

I think that every major dip will be bought up by these "institutional" buyers (a lot of them are running different financial funds, private insurance companies, etc...) and because of that, we will not see clearly the patterns that we saw in the past... Of course, like every other asset we have to see these ups and downs, but that is normal for any other market too...

What do you think? Will we see another 3-year bear market? Are we at the moment in the middle or at the end of the Bitcoin bull market?

Thank you for your valuable time,

ph

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