The "mass adoption" needed is a delusion. The market caps should tell you that it'll go whenever, wherever it wants to. I also doubt VC's, Banks, and others whom is fueling the infrastructure race wants their positions to be diluted by the masses. Despite the rise and fall the majority of bitcoins biggest wallets did not decline, hence no dumping by biggest shareholders. Market manipulation is easy in this space, human sentiment is even easier to manipulate.
I do believe the forces at work are more sinister, and devious than previously imagined.
Awww you care about others potential loss... This is my face -_-
lol, I feel bad for the people that bought into that bubble. That wasn't a tiny minority of geeks on the internet who knew what they were doing, that was the 'ordinary folks' piling in because they were told that bitcoin was going to the moon and they could make it rich.
An awful lot of normies got stung, that would be pension money, college funds, life savings. Yes I know it's nobodies fault but their own, but they made bad choices based on bad information.
The problem I see for Bitcoin now, is where is the money going to come from ? All those people got stung, some probably still in pain, so they won't be investing any time soon. Virtually all the geeks are already long, so who else is left to buy ?
Not many institutional investors will touch it because a) it's a penny market to them and b) too risky for too little gain. All this "$100,000 by the summer !", where exactly is the 2 trillion dollars coming from that would make that happen ? I just don't see it, especially when investable dollars are now being spread over 1500+ currencies.
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