Bitcoin Forum

Many people expect there will be another bull run in the more or less near future. But who, whose money, what will be the fuel for next bull run? New investors? Smart money? Why? Do elaborate, I am very curious to know your thoughts.

I don't think a 'who' could be the catalyst for a bull run.
Previous pumps were fueled by more investors coming in (bitcoin was still very unpopular) and this created some attention and led to FOMO which boosted the price and more and more people got in and bitcoins popularity grew massively. There was also a downside to this as investors leaving could also spark a drop in price and lead to panic.


Bitcoin is now at a stage where majority of the adventurous and tech inclined individuals would have already got wind of it and joined the train if they wanted to join the ride.

So investors coming or going doesn't affect the value as much.
But a major news, government intervention, ETF decision, code error would affect the value positively or negatively.

The next step (and it's already in motion) is bitcoin becoming a regular option for daily payments ij both offline and online outlets. This would increase demand for bitcoin and this would boost the price. .

I felt the bull yesterday was done by the popes, and that will happen again when they find the moment or gap they can enter. We have to be able to study the situation beforehand so as not to experience something disappointing again,

Haven a bull run will not be a bad idea, this can be possible if the demand on Bitcoin is on a high side. The current situation of the coinmarketcap does not envisage another bull run at the moment but cautioning stability in cryptocurrency. Care should be taken into consideration before investing in cryptocurrency.

Last year's bull run.

No Bakkt.

No ETF.

No lightning network.

We will see on how will these going to fuel the next bull run.

Bitcoin is not affecting by everry one and no one fuel it but the countries show elasticity then people will be do buying and selling of crypto with out any problem or tension they will trust more and with this bitcoin transactions will be increase, LIke now I want to buy bitcoin and keep it for January 2019 i have seen experts prediction about bitcoin and this will fuel bitcoin again.

My personal opinion is that Bitcoin grows well after 3 halving in 2020.
What do you guys think?

bitcoin has always been in a bull run
2016 above $300
2017 above $900
2018 above $5800

if you mean what will spark the next calve(smal bull) run up a ATH mountain and then a cub(small bear) correction.. then the answer is anyone

the 2013 event was sparked by ASICS taking over the GPU
the 2017 event was sparked by VC money buying up coin to pay off developers contracts to get a certain feature locked in by november 2017

so it could be ETF, bakkt, or other things.
but those are just temporary events..

as i said. we have always been on a solid bull run year on year. and the stable bottomline value that remains higher then previous years is only going to hold by USERS and miners who both have acquisition costs higher than the previous year to refuse to sell for less thus keeping value up by not selling for less

Bitcoin can behave as it wishes without any dependency and that's what makes it so special. The rise in the past year is the greatest proof of freedom.
It's not known by anyone whether the increase will be this year or not, but i'm sure it will have an impact.

Bought in December, learned hard lesson, and bought more throughout this year. Water will raise all the boats.

True, however we had a halving, which at the end of the day is the real deal, since the supply is shrinking and it's a cold shower to remember that fact. Some people seem to forget that bitcoins are limited in amount. There's bitcoin for everyone, it's just a function of price. However, there is limited space that you can claim on the blockchain. When you understand this you stop fucking around looking for the next government-approved toy, be it in the name of CBOE Futures, ETFs or whatnot, and you simply start accumulating and holding. Then it's just a matter of time that the price goes up. The rest are just extras that may speed up the rocket.

It's gonna have to be honest to God adoption. It gets real from here or bust.

last we year we reach an all time high of almost $20000 usd without goldmansachs, yale, mit, harvard and many more, so i think there are the additional catalyst from the last all time high and its just a matter of time to ripen, i think the coming bull run will exceed our expectation.

who was responsible for the 20x rise of ~2009 from <$0.01
who was responsible for the next bull run to $1, to $10 to $20 to $40 to $80 and $100 to $200 to $1000 to $20000?
the same "who" will be responsible for the following rises too!

there is no magical money coming in to magically bring the price up. there is money coming in as the adoption grows and more people buy bitcoin (increasing demand) and with that the price goes up.
all these things about Bakkt, ETF, SEC,... are only nonsense drama in general. bitcoin adoption as a decentralized currency is the reason for the rises. the big rises and the bubbles however happen because of these hypes and are temporary.

OP, the whalecummulators, the institutional investors, and the next halving. Be ready. Bitcoin will reach 6 figure levels before 2025 as long as there is no better cryptocurrency invented than it. 8)

2025 is a very long time, today the investors are not having that much of patience that they will wait for next year also. That is why the market is not holding the long position.

It doesnt have to be new investors, it can just be a more rapid exchange of money at a higher agreed price to that trade.   Monetary velocity of BTC is much larger then conventional currencies and helps boost its effective valuation I think.

What we have here is a potential breakout, been a while forming but seems a meeting of two trends is still occurring

https://i.imgur.com/oe9qFUy.png

I do not know anything about the " next bull run ", but I'm going to say the following, we need to forget bull run and focus on adopting bitcoin, we've read good news every day, for example:

130 Coffee Shops in Europe Started to Accept and Sell Crypto (https://cointelegraph.com/news/130-coffee-shops-in-europe-started-to-accept-and-sell-crypto)

Goldman Sachs and Galaxy Digital’s Mike Novogratz Invest $15 Million in Crypto Custody Firm (https://cointelegraph.com/news/goldman-sachs-and-galaxy-digitals-mike-novogratz-invest-15-million-in-crypto-custody-firm)

ICE’s Bakkt Reveals First Crypto Product as Physical Bitcoin Futures (https://cointelegraph.com/news/ices-bakkt-reveals-first-crypto-product-as-physical-bitcoin-futures)

US SEC Asks for Further Comment Regarding VanEck Bitcoin ETF (https://cointelegraph.com/news/us-sec-asks-for-further-comment-regarding-vaneck-bitcoin-etf)

There is no particular reason actually, It can be anything we can think of But actually, we can indicate if we are getting on board on a bull run movement I really think that the bull run is normal for bitcoin if there is a bearish market there is an indicator of a bull run to really happen, and there are indicators that it is really happening and I think we can see it between bitcoin and altcoin correction in this indicator we can see the bitcoin dominance with the entire Cryptocurrency market, Another indicator is on the medium statistics that in the bull run starts you can see that the statistics began to grow they start in shoot up is a sign of indication, And just like Reddit memes that picturing the rise of bitcoin the price is at an increase that is why you can see that a bull run may occur.

next bull run doesn't need any "fuel", it will happen exactly like all the previous times it happened. strong and big.

if you mean the initiator of the next bull run then it is a different argument. and most of the replies before are mostly talking about that "initiator" not the fuel itself.
that can be many things,. i personally think Lightning Network will be the ignition.

That's one hope for 2020, I remember 2016 the first halving I've witnessed. The effect is pretty good and that influenced the price seriously and last year its not included with the bull run but I guess it contributed somehow after a year, so the best is yet to come.

I agree that its just a matter of time.

I think we are all tying our hopes to ETF at this point, if it didn't get delayed or new ones are always on the horizon we would have moved beyond it but since it technically wasn't "rejected" we are still keeping a bit of hope inside each other always talking about how bakkt will be approved or cboe will be approved and we are going to see a huge increase in price whenever they get accepted. At this point I believe the price will go up when ETF gets accepted (if it gets accepted at all) just from the people who would buy thinking it will go up and automatically increasing the price.

Aside from ETF there are really not that many things that would increase the price suddenly but I think if Satoshi Nakamoto came out of his shadows and talked about how he is coming back to bitcoin world that would create an amazing reception and the price would skyrocket as well, aside from him noone would make that type of difference and he is not coming back for sure.

In a really general sense, all we can say is "new investors" because increasing buying demand is what drives bull runs.

But it won't be any single catalyst or any single group of investors. It's a matter of supply and demand being fleshed out over months or years. Right now, last year's "new investors" are largely underwater, sitting on losses because they bought into the bubble last year. A lot of those investors are being shaken out of the market, selling to stronger hands who will be holding through the next bull market.

Institutional investors might be significant in the next bull run, if things like Bakkt or an ETF are online and the demand is there, but it's too early to assume that institutions are particularly interested in Bitcoin.

When I start to see an extraordinary upward movement in Bitcoin prices, I will think that there will be an ETF approval soon. And i am going to keep in mind that Bitcoin's price can quickly come down shortly after ETF approval. That's my scenario about bull run.

Hahaha then is the plan? To become rich overnight by doing nothing? By investing so little and "win" millions like winning the lottery? Do you know how stupid that is?

People like that die poor.

Bull run is quite impossible this year, market is not yet ready for it. We need some good indicators that will start it but not into much higher price like last year.

 ;)

https://pbs.twimg.com/media/DiihYkGX4AEtHgB.jpg

More demand, more awareness, people getting to see the real big picture as well as more people wanting to get rich the more out of speculation, all these things would trigger the next bull run. The market is still growing daily, we are getting better in the long term, considering that we are having a bottom now that when we hit such a point last year, it was as if heaven was coming down and then people are getting to worry on that now, so in that case, imagine for those who are patient enough, what they would be experiencing in the future.

We actually have a lot of news at the moments which are pretty much solid enough to even fuel the next bull run. Like you said, most of the institutions wanting to have a part to play in the market now were not even there last year, and now for the fact that the market is moving closer to mainstream adoption, the bull run is imminent. One thing though is that when there would be a bull run is something no one can tell, but it is something we will all get to witness one way or the other and those who are in the space now and have a lot of patience for the future will be reaping the benefits by then.

Hey op there is no one particular movement or a single person or some funds that are able to trigger the bull run in bitcoins, it's always been the simple economic principle demand and supply. If you observe one can say bitcoins has always been on a bull run from 2009 (10 cents) to (6400$) 2018. The main key factors for bitcoins is adoption and adoption, while bitcoins etf may just increase it's awareness in the end without adoption it'll not be able to act as a catalyst.

The market has a feature called technical analysis. It takes into account the psychology of all those who want to sell, buy or hold on. So, if certain resistance levels are broken through, no new participants are needed. Older members themselves are moving the price up.

I get your point, but I think that's what OP means anyway. 

My guess is that if the market gets some good news about the ETF thing in the US finally getting approval, it might provide the spark.  Also if one of the major bitcoin-using countries created some sort of bitcoin derivative like futures or options, that would allow institutional investors (and individual investors with very deep pockets) to get in the game without having to buy actual bitcoins.  True, the price would probably end up being determined by "paper bitcoin" instead of what actually changes hands on the exchanges, but I think it would probably be good for the market--and would likely drive it upward in the short-term.

One other thing I can see that also might help is if people start dumping altcoins, and if the ICO market finally dries up.  I've always thought that there's a finite amount of money investors spread across the entire crypto space, and it seems like when bitcoin goes up, altcoins decrease--and I haven't checked the altcoin market lately, but I think it's probably still overvalued.  Most of them are useless and should be worth $0.

But who knows?  It's always hard to determine what moves prices in crypto, and there's no guarantee there will be another big bull run anyway (though I do think there will be).

I'm not sure we can compare beginning of BTC with today's time, from 10$ to 20$ is not the same as from 1000$ to 2000$ even it is 100% increase. Maybe things like ETF or Bakkt are not too important, but things like that can move price up and people just wait next big thing to happen.

What caused big pump in 2017 ? It is not some magical adoption for sure, but big FOMO caused by launching of BTC futures which eventually turned out to be a rather irrelevant thing. But that event is placed price of BTC here where it is today, without that big pump to 20k $ price could easy stay close to 1000$.

So if next pump bring price above 20k $, correction which can happen after that will return us to some new stable price, and then we will sit there for months or maybe years.

What was the reason for the last bull run? There wasn't any solid reason for the last pump. Certainly there was not enough a reason, if any, for coins to do 5x in a short while. Cryptos are pretty unpredictable. Many could say that CBOE futures market could be a reason for the last pump. But that definitely is not enough or could justify such a ridiculously high pump. Similarly we can't predict what could be a reason to bring a next pump.

The whales are going to push the market upward by doing what they have been doing towards the end of each year. We may not have big news or technical set up but we can depend on the whales to play out the games again. If the whales do nothing I think the market is going to remain as it is for long time.

Even the positive news relative to bitcoin is interpreted and spread in a negative manner. By this time it is completely a myth to predict who'll gonna make a big change over the entire cryptocurrency. From my personal opinion some large scale adoption is a must, so to experience the bull market.

Nice picture, but to be fair, gold had already broken resistance and entered a bull market before the ETF was approved. Maybe the ETF added some hype to the market, but that rally was coming either way, whether an ETF was approved or not.

So it's really a matter of timing and market cycles. If a Bitcoin ETF were approved when futures were launched last year, I think price still would have crashed.

It did, but Bitcoin did break its resistance line on the 10th and then once again when we had this huge tether dump. If we don't count ETF in both cases it will mean that Bitcoin bull market is just around the corner anyway and ETF will only add more hype to it. You have to agree that both charts look very similar.

Due to some tariff increase in fuel,this impact the increase in the price of fuel.But this is not directly increase the price of bitcoin or decrease the price of bitcoin.The increase in the fuel prices, reduced the investment in bitcoin.So it may directly impact the price of bitcoin over a period.

I disagree the notion that getting from $10 to $20 is easier than getting from $10k to $20k. It is exactly the same thing that is needed for both of them to happen. We need two things, we need more people interested in bitcoin and for that to happen we need bitcoin to increase a bit and create a huge hype.

Why did the price went from 1 dollars to 33 dollars ? Because the price was heard from everywhere that it went from couple cents to 1 dollar and than it got skyrocketed, same as last year when the price was $3k or so and than it went to $4k and people heard it came there from 900 dollar levels and than it reached $20k because of the hype.

We need "hype" and we need "new people" that's it, same goes for 1 dollar to 20 dollar and same goes for us right now as well. If get more people interested in bitcoin and we get the price to $8k-$9k levels at those moments, we will see 20-30 thousand dollars easily.

I think the most likely to push the next bull market should be the ETF, but what frustrates me is that the ETF has been postponed!

I'm not sure what exactly happened at the very beginning of BTC in first years and how the media covered it, but I'm sure nothing was like today. The fact is that at the time very small number of people was familiar with this technology and BTC was so cheap ( $0.008 -2010 ), and it take years to price come from 1$ to 33$, somewhere in 2013. It is not skyrocketed overnight as some think, but because of things like Senate Committee Listens to Bitcoin Experts, Expresses Open-Mindedness (http://onbitcoin.com/2013/11/18/senate-committee-listens-bitcoin-experts-expresses-open-mindedness/) or this news Bitcoin Gets a Cautious Nod From China’s Central Bank (https://sinosphere.blogs.nytimes.com/2013/11/22/bitcoin-gets-a-cautious-nod-from-chinas-central-bank/?_php=true&_type=blogs&_r=2).

BTC is always move up or down depending on good or bad news, but today this is a game with much more players then 5-6 year ago. Many are burn in last pump/correction after that, I doubt they will jump in crypto train so easy again. I agree price can jump easy above 20k anytime, but result will probably be 50-70% correction after that. That actually suits the majority of today crypto users, first profit - then development and long-term stability.

The next bullrun is expected to be steady. As more and more people embraces Bitcoin, there will be more investments.

Bull Run will happen if the demand of bitcoin is in the rise at the very end of this year. There are few things that may cause a bull run like Bakkt, Lightning Network, ETF etc. or some other factor that rise the demand of Bitcoin. If this Bull Run happens, we can see a repeat of Bitcoin having 20K again.

It's unlikely that any person or thing will be the reason for a bull run. The acceptance and legalization in different regions can give a pump in my opinion.

Most of the charts look like that during a bear market. The people behind these comparisons are cherry picking just to highlight the similarities they want to see. If you try hard enough, you can find similarities everywhere.

What if an ETF only results in a speculative initial pump, where after that the price tanks back to where it started? It's great to have an ETF approval to dream about, but what if the demand for that product isn't there?

People here only think about the potentially positive outcomes, but they discard the possibility of these products lacking institutional demand. Look at the futures, extremely low volumes after nearly a year of existence.

Sure, the charts look similar. But I also don't take fractal analysis very seriously because it failed me so often early in my trading career. They are very unreliable. If you're willing to dig through charts, there are lots examples of identical fractals where one fractal ended completely differently than the other.

It's the type of situation where it's preferable to trade the breakout, rather than buying in and waiting for it. These market lulls can go on for months or years.

The "breakout" last week closed as a wick on the 1-day and 1-week charts. So it wasn't a real breakout to me.

How can you be so sure? Did you see what some dose of fear of Tether going bust did to the market? And this wasn't even based on the news, just on the fact that there were some withdrawal delays on Bitfinex and that it had some bank problems. If the news got confirmed and we followed the same pattern we could easily break the bearish trendline and go to 8k USD. In 2013 Willy bot has managed to push the prices up by at least 100% (I'm being modest here). Imagine what would happen if a company like Apple said they're going to endorse BTC and permanently add a wallet to every iOS based device.

We definitely need a huge fresh find that is not coming from whales who want to pump and dump, the etf event could be one of the fuel to trigger the positive movement, for now we can't too rely on the previous investors because they seem to hesitate to put the fund and their investment are diversify in many coins

I really think the ETF is not a great source to fuel up the bull run and I think It doesn't really matter whether we can get a push from them or not Bitcoin would surely have a bull run and even if its not a bull run we can be sure that the price of bitcoin will sure increase,

The previous investors still have something to do with the movement of bitcoin if a large number of them could sell or buy it could generate a big pump or dump, You can not expect much on investors to move the current price if they don't intend to really make it happen all we need to do is wait.

what do yuo mean by that is should be conducted supoosed to be this november 5, hmmm if that is true there is something fishy in the ETF i think something is happening under the table, they knew for sure that if its gonna be approve lots of inverstor will come in, and that opprtunity will make them rich as a ddeciding authority. hmmmm

Only big investment capital will fuel next bull run. If you want the price to go up, you must invest and stay in bitcoin and also motivate other people to invest in it. By this way the investment cap will increase and it will push price upwards. These days demand for bitcoin is low and that’s the main reason that price is not increasing. Time will set everything gradually.

I believed the group that so called Big whales will be the one that will trigger this bullish run as they have the huge resources at their disposal to pump and dump every Crypto currency. Hopefully that they will start it now so that many crypto users will not leave this investment by next year because of dismay.

In my opinion the bull run doesn't need to be fueled by anything to set off a crazy FOMO rally.

All it would take is just for price to start rising rapidly and when it breaks $10K everybody will be like "Ok $6000 was the low and now it will go to $50K " and they will start buying and basically it will become a sellers market again where Bitcoin ATM's will be out of BTC to sell, exchanges will run out of BTC supply, exchanges will be swamped with new user applications and KYC, it will be featured on every Channel on TV, cab drivers will be talking about BTC, etc"

So basically it doesn't need to be fueled by anything to create another rally. However an ETF approval or an Amazon BTC acceptance might be the catalyst.

I believed that the last year bull run was due to the Crypto currencies was not well regulated before in which most of the illegal people can hide their dirty money thru Bitcoin or the crypto currencies and that is why the price plunged up during that period but now i don't think that any group could pump up Bitcoin again because of the strict regulation that implemented in every country.

so far I haven't seen a bull, it seems we will not see this year's bull. I think the next bull will occur in mid-2019 and the price of bitcoin will reach $ 35k at that time.. according to me ETF that will trigger the next bull.

I hope investor confidence in bitcoin is increasing so that this can trigger the bull market, and I hope there will be no more negative news about bitcoin. investor confidence that will trigger the bull market.

You should not be expecting bull runs or movement to happen out of the blue just like that, things take time to develop so you just have to be a bit patient one way or the other. I know as time goes on we will get to see the market switching to a new trend, the problem with a lot of people is that they do not understand that this is a market that is growing every single day and the best thing they can just do is to relax, take a chill pill and then see the market evolving and growing in the long run than concentrating on the short term.

I think ETF will not be allowed. We should not wait for ETF and try to increase the market value of bitcoin. It is not easy but also not impossible. We should promote bitcoin in our local communities and tell people about its features and benefits. When people understand bitcoin and realize that it is the future currency, they will definitely put their money in it.

Do not be much curious about the opinions and predictions of others because unstable market does not have any certain predictions but we know that no one can disagree with the better future of Bitcoin and you can see that even its low value is many times more than that of other currencies. However, Bull Run depends upon many other investments and I hope that in future the users will increase and we will have a bull run.

Institutions and investment funds. Of course when hype start will be people that will push it to new ATH. but to get to the old AH it will happen by those I mention first

Honestly, bull markets can simply be caused by the market becoming excited.

A lot of the reason why last year's bull market was so large in magnitude was indeed because of the fear of missing out factor within it, and also the fact that everyone within the market seemed to be extremely optimistic during that stretch of time. That itself does not need any causes because of the cycles that are within the market.

The bitcoin halving could also play a role, though, with the block rewards becoming scarcer. Of course, there must be new adopters to fuel this long term growth which I think it's fair to say we're seeing right now despite the bear market, with both individuals and corporations.

A bull run might occur when there are good rumors and developments, but when there are no good developments it will make the conditions of the exchange very difficult to do a bull run. wait until the end of this year there might be a bull run activity.

This is basically a pillar to any building that the users are quite confident on their source. Just make a random and common-sense analysis on market and ask yourself why the market start dropping so quickly whenever prices are disturbed little bit. Your answer would be the impatience and untrust worthiness of users on market. They start losing their minds and hence selling at moment.

Most of the time a bull market is the result of several things happening at the same time, so it is entirely possible that the next bull market is going to begin because of the next halving that is going to happen in 2020 but it's possible that one of the reasons that is going to feed the next bull market is going to be the weakness of the whole economic system.

To have a certain conclusions for this topic here, only biggest and wealthiest investors can fuel the bull run. No one else's will help us attain the target we want for. Our whales are just waiting for the perfect timing to ride on the unpredictable market, and I expect more greater progress this month and so on.

I am sure that by 2019 there will be more investors to invest in bitcoin, and I am sure that will trigger the next bull. many people put their hopes in 2019, including myself.

It would still be the old investors who are waiting for the time that they have accumulated enough and those who are waiting for the market to show signs that buyers are back. If the price would be doing good then new investors will come in as well especially if the price would continue to go up resulting to it being attractive to the new people in the ecosystem.

Of course the old investors will make the market more aggressive, but the main factors are the fear of missing out people will panic and buy bitcoin more that causes the price to spikes.

The only genuine stable fuel if we are talking in that context is actual population usage of BTC not the speculative activity on exchanges.   If everyone is second guessing everyone else I dont see it adding upto a proper bull run.

Best way to predict the future would be of calm analysis of the past, so BTC has had this kind of bull run many times and mostly I would argue it was based around rising awareness and some usage of BTC.  
Very ironic last year was the higher transaction costs at the same time as the BTC price rising, that was some strange feedback effect I think.   As someone with a longer term view I'm much more optimistic for BTC now with usable fees and development to the network to allow normal usage and the price is secondary to utility development but in theory we see higher price with a wider accessible population and distribution of uses.

I guess it will take time to filter through though, some people say the real time scale will be around the next halvening which is ages away (ETA 560 days).   I will point at Dollar index for some indication to BTC gradient moving forward

thehalvening.com

 

What was "ironic" there? It was expected. The higher Bitcoin goes in fiat value, the higher the fees are in fiat in satoshis per byte.

Plus hype also drives up the demand, and fees, to use a space in a Bitcoin block. We should expect this again in the next bull run.


Segwit did help, to some people's denial.


560 days is "ages" away? That's less than two years. 8)

The bull run will happen soon whether at the end of this year or in the next year. Right now, I think there is a new investor who came to the bitcoin and buys a lot of bitcoin. They know that they have a chance to buy bitcoin at a low price and they learn from the history that bitcoin price will always increase at the higher price. So they don't want to miss the chance to buy bitcoin at the low price, hold it for a while, sell it when the bull comes.

I don't know, we will never know. the market grows because buyers and sellers are mainly limited supply. with the current progress, especially for the Q4 plan for many ico, it might trigger market growth and this also affects bitcoin.

I do not agree that the only way for a new bull market to appear is for the wealthiest investors to get in the market, there is another way and that is that bitcoin goes through a phase of huge adoption and millions of people begin to invest in it even if every single investor is very small compared to the wealthiest investors, if you pull them all together they could fuel a new bull run.

I am not one of those that think that a bull market is going to happen soon, it is probably going to take a few years for us to see a new bull market but it is likely that what we are going to see is very similar to what happened at the end of 2017 in which we saw a combination of many positive news and factors that made people very positive about the future of bitcoin and the market of cryptocurrencies in general and this brought new investors and their money.

The next bull market is probably going to happen when a new advancement in the technology of bitcoin is made and then institutional money decides that this is the perfect moment to invest in this new industry and that makes the price of bitcoin to skyrocket.

Offchain micro transactions in bitcoin success plus the halving.

Probably the one that they have been talking is the halving part or the ETF and bakkt but these two projects are not yet sure if it will going to make a change to the market because it seems that something is stopping it, specially the ETF. So i wouldn't expect too much of the bull run this year because there's no clear and good sign that it will going to happen.

In my perception, the next bull run will be initiated by a mass migration. I can observe people getting fruestrated with FUD about bitcoin that now they are looking for a more useful coin to transact with. The second in line ready to take on BTC is the forked version -- BCH. BCH had been on a good pricing lately and this is slowly catching the attention of crytomigrants. If this will continue to make a roar, then we might be seeing a slow death for BTC.

BCH has had the worst time among altcoins as it has been getting dumped hard all year long and it has not yet stopped. recently there is a new airdrop for it called bitcoin SV which they are going to give away free money to whoever holds any BCH that is why there was a small price pump since people were rushing to buy it to get that free money airdrop. otherwise there is no "catching attention" here! it is still the same useless altcoins as it has always been.

People's money will fuel the next bull run. This could be a one united of bitcoin enthusiast (whales, shark, newbies, FOMO) to push the price higher. I think this only need a good news that will ignite the market and the right timing.

Sometimes the prediction we made just based on our own mindset could harm other people as well. So here, we need good and positive vibes. Please try to promote bitcoin rather to demolish it.

Its not a useless altcoin, the slight confusion lies in that it is a technology which while maybe taken for granted now still did not exist twenty years ago.  It was not possible then, it would have easily fallen over or been attacked by the many interested in hijacking anything of value.   Yet BCH does continue and that is the ongoing story and debate, the worth, the direction and process of development and how all these blockchains can defy gravity and capture some energy and help the world be more efficient in value transfer.   

Instead we spend way too much time worrying about prices which is just speculative, the amazing thing is the underlying technology and its application to the human race and its problems everyday.   The real growth is when people can do what they have not been able to do before, so I dont love BCH or anything but its not useless.  I cant agree with criticism like that when I hear no matter how learned the statement and person behind it.    I hope we keep having devs focused on the real issues, one of them will crack various problems and we'll advance as a crypto community, that part is exciting

Well the current happenings certainly isn't going to be attractive for would be investors. It would probably take a bit more time before we see another bull run like the one that happened last year. Too few events to draw in people's money.

Maybe the bull run will happen again if they have new investor will invest again to the bitcoin . But it is big hel also if the old investor will invest again to the bitcoin but I think only few them will turn back again because most of them are not concern what happens to other people because they get more profit.