I have a feeling that we're entering a time where bears are going to be greatly rewarded. Not just in Bitcoin but across the entire breadth of financial markets. I expect nothing less than an epic crash in stocks, bonds, and commodities once the dangerously overinflated QE bubble really pops. I think this process may have already begun, albiet these things take time
In the meantime, I especially love how many users are so "confused" by bear markets - they think there must be a fundamental change, like "omg the price fell what's going on what changed?" nothing changed, bitcoin is the same, it's just the psychology around bitcoin that is changing... When the price exploded, people noticed that and rationalized it (cypris, etc.), and now that the price is falling they will find a way to rationalize that too.
Anyhoo, very interesting times indeed!
you are soooo right.