Everyone seems convinced the 4-year Bitcoin cycle is guaranteed at this point. The more I read Bitcoin Twitter, Reddit, and YouTube, the more it feels like the cycle is treated as a fact rather than a theory. Historically, markets love making the majority look foolish.
What if this is the cycle where it breaks?
I’m not saying the cycle is dead or that Bitcoin won’t continue growing. I’m just wondering whether we’re putting too much faith in a pattern because it has worked before. P.S. This is my first post here, so apologies if I made any mistakes.
I can confidently say and believe that we are in the bear market with the recent market down draw. Assuming this shake-off did not happen, I would still be skeptical about the 4-year cycle and its collapse. In this industry, a lot of things play roles such as;
Fundamentals;
Human psychology;
Technical Analysis;
Psychologically, the idea of 4-year cycle is deeply rooted in us, no matter what happens, it must still affect our behavior. Even if there's a central announcement that there's no longer 4-year cycle, must of us will psychologically not agree. So, it will take many years to convince people about the death of the 4-years market cycle. Meanwhile, it is not dead and it is not dying any moment.