ENDLESS MARKET CYCLE?

Every single bubble must burst at some time, so did the Bitcoin bubble. This bear market is hard to stand, 85% of value has been lost since Dec '17. Yet it is not the first time it is happening.

In 2011 the price has dropped from 30$ to almost 2$.
Zrzut ekranu 2018-12-12 o 08.55.39.png
In 2013 the price has reached above 1000$ and then felt to 250$.

Last year it has peaked to 20,000$ and now it is 3400$.

But can Bitcoin make endless bubbles followed by spectacular rises, or this is the last one?

Many aspects must be considered here:

What powers every single bubble?
It is money, either from an average Joe or institutional. Last year was huge for crypto, so it almost became mainstream. Most people have heard about BTC. Some of them invested, some criticized it but only a few tried to understand what it really is.
I know people who were trying to invest in it at 15,000$ or even 20,000$, but when it is 80% cheaper they are not interested anymore. They are smarter ones who watched the last Bullrun, saying they wished to buy it at lower prices. They are not interested anymore. Finally, some have only heard of BTC but stayed away. They will all invest when the price reaches 20,000 $ again, and it will be the powerup for next bubble.
Institutions
Not only normal people have heard about crypto last year, but institutions also did. 2018 was full of preparations and gathering knowledge. No one knows when they will be ready, but they are definitely preparing themselves to entry Bitcoin market. Wall Street investors, insurance funds, venture capitals, etc. They are experienced investors/traders so they stayed away last year. Let's hope they will be with us when next rally begins.
Market Cap
Currently 110,000,000,000 $ and we are deep in bear market. The all-time high was 813,000,000,000 $. Sound like a lot? It is still nothing, not even 1% of global wealth, 2% of gold market cap [hardly rounded calcultions] and 12% of Apple capitalization.
According to that we still have a plenty of space to rise before being a significant market at least.
FUNDAMENTALS
Price recession does not dismiss a need for an independent, global payment system. Bitcoin is currently the best solution for that.
It is global,
It is independent,
It is open,
It is borderless,
It is inflation resistant,
It is regulation immune,
It is fast and cheap,
It has never stopped working,
It has never been hacked,
It is not possible to turn it off.
As more people will understand it and realize that it is necessary, the price must grow. When it happens we won't even talk about bubble and price, no matter what:
1BTC = 1BTC

Summarizing it all. My opinion is that we will probably see another bubble or even multiple ones, but this market cycle won't last forever.
Bitcoin is a technology and it evolves, someday it could become a perfect financial system and then we will stop expressing its value in FIATS. Humanity could also develop a better than BTC solution in the future.

For now, lets all together enjoy this market cycle!