No banks will not dissappear because of cryptocurrency, at least not so soon, but maybe over 20 years or later, or maybe they will not dissappear even if time passes because governments will want to have them and control them more easy then crypto.
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Yes, is so hard for this who bought bitcoin over 5k$ price and not selled, they will think now that lost a lot of money, but maybe some of them will wait for a bull run, and others will think that is better to sell now to not lose more. Anyway i still wait for a bull run.
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They own i think almost 10%, but after more times passes they will own much more if they will buy, maybe after years pass they will own almost 20% or something close, but this depends how much cost bitcoin when they buy.
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We need to wait more for the crypto market to grow, we need new investors to come and also more money invested because a lot of money was withdrawn from crypto.
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No bitcoin not a bubble, even if it looks like that. And yes bitcoin is worth investing, but as is an investement, always invest only money that not need, because can take a lot of time to make profit and better always have cash money, because we can't get buy with bitcoin all we need.
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As we see is just a normal grow and i think no is not the start of the bull run yet. For a bull run we need to wait more time and until then buy coins or get paid in crypto, and invest only money that afford to lose.
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Yes, the price of crypto maket will recover but not in short time, you will need to wait more and also not invest more money that afford to lose, and some coins will die in my opinion because they are not adopted or can't be used in any domains.
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I also think now is a good time to buy but also don't invest high money on crypto and just wait for next bull run and invest only money that afford to lose or money that don't needed for anything because can take some time for profit to be made.
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I think now is the best to buy bitcoin and some good altcoins that can grow over time. Even if the bull run will not start now the bitcoin will have a new bull run in my opinion and can be a good investition. Invest only money that afford to lose.
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I think your title is corrected, maybe we will not see a bull run this year, but maybe we will have small grows and the price of bitcoin will be 10k after medium term, but this can't be considered a bull run in my opinion.
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I also invest in some altcoins now, in Nano, XLR, Neo, ETH and ETN, i also search more coins to invest but i will invest next month only because i need more research so i can be sure over time i get a good profit. And i invest only money that i afford to lose.
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I think not, now is not a strong down trend, but i think we need more people to join and to get some bitcoin and hold and only after we can get a good grow, maybe will grow at 10k but we need a little more time.
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Is possible to be a way to become rich, but now will be needed a lot of money to invest or have a good luck to choose some coins that will grow a lot and also will be needed more time.
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I think in medium term the bitcoin price will be at least 10k$, even if a bull run will not start so soon, i also think that sooner or later a bull run will start even if we need to wait long time, i will hold what i have.
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To answer just to title, i would say yes but not all, some of altcoins are useless, besides there are some altcoins i like, some of them can be sent and received instantly and without pay a fee (Nano for example), and there are some altcoins which are used in some domains.
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This can happen but even if the bull run will not come soon i think a bull run will come, let say in medium or long time, so is better to continue our lives as before even if the bull run not comes and wait until then and get more coins.
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