The market cycles are currently different.  Though the current cycle is different it is expected that it is not going to be like 2013 or 2017. Trend is clearly different this time.

BTC investors are expecting to see more of big ups and downs – with profit taking corporations moving the trends with longer and more magnitude to the bull run with less classic bubble action.

Big Buyers are entering the market.  It is not like before.  The trend is not like the past where A=B.  Bitcoin is a maturing asset and the market psychology is changing.  People have understood the fundamentals of this market and they are holding.

Institutions are using custodians to hold their BTC. Many of them do not hold in exchanges. Several people are owning hardware wallets. Crypto investors are looking to have their assets work for them through DeFi.

Several Altcoins are highly centralized with centralized figure heads.  For instance, Roger Ver – BCH; Mark Zuckerberg – Libra; Calvin Ayre – BSV; Elon Musk – Doge. It is very obvious that all of these people are trying to create the next Bitcoin.

Why do you think people can’t come up with better software than Bitcoin? Tech evolves! There’s only one Gold and you can’t recreate it. Period.

It just looks like they have big egos. They do not develop the why not build on Bitcoin and help make BTC better?

All of these people don’t have the humility required to accept that they can’t create a better Bitcoin. The power of Bitcoin is so many things, but being completely decentralized aka no central figure in control is a huge part of the beauty.

Masses have been attracted to the Bitcoin because of its profits.  However, the underlying technology will serve us in the future for as long as energy remains abundant.  Several uninformed people joined the market and bought Doge listening to Elon’s hype. And, there are several such users who do not have a clear idea about what a cryptocurrency does.

It will take a full cycle minimum for a more average person to get it. And, some brains will never understand it.

Some of them with BTC are like:  “When everything is instantly tradable, there is no need for an asset specialized in being the intermediary. People will only hold assets that provide a return. Any payment currency will only be held for seconds, making security not a big concern.”

People rejecting Bitcoin is just further proof that it is fully decentralized, and doesn’t require any centralized authority or absolute consensus to work. People will constantly pull at the seams and test out the thesis.

The masses can’t afford enough BTC to make life changing money. Seeing all the rich people gobble up BTC also makes the same less privileged people want to say u can’t tell us what we value. We decide what has value.