Bitcoin has an average historical decrease of about 70% and average historical increase of about 1700% during its market cycles. Which means we have hit the bottom or we should be close.
The next real bull run might not be for a while, but things are already being put in motion. The next fomo bullrun will be fomo from institutions, large sharks, and a huge chunk of the general population. Institutions are already showing interest, as blockchain is leading the charge towards web 3.0.
We are currently excited about the bitcoin ETF however, whether or not it happens; bitcoin and blockchain is here to stay.
Hold on to your bitcoin, hold on to your shitcoins and sit back and wait patiently for takeoff. As Warren Buffet once said, markets transfer wealth from the impatient to the patient*.
The next real bull run will take bitcoin above 100k with market-cap in the trillions. May not happen in 2018 or 2019, but we are definitely headed in the right direction.
Keep calm and hodl on.submitted by /u/Nismoman