I still don't think that the bear will last for multiple years as Birght Anarchist says, for sure many months to come, but 2/3 years seems a bit too much for BTC standards. Anyhow, BrightAnarchist got it right so far, let's grab some popcorn and see how this plays out.
Thanks mate! Yeah I'm far more bearish on Bitcoin than anyone else I've come across (aside from the idiots that don't grok Bitcoin of course)... but super-long-term I still strongly believe in crypto-currency technology. I'm basing my multi-year bear market opinion on BTC on the fact that (1) I believe it's a "risk-on" asset, not a "risk-off" and (2) I believe the top is one degree larger than the 2011 bubble, and thus the resulting bear should be commensurate with that (3) my estimated time-frame for the the Kondratieff cycle to bottom, which should include equities, real-estate, bonds, and commodities. It will eventually end when all the debt is destroyed (along with most of the financial system) and then deflation will run out of steam and yield to the inflation that the Fed will create in response. That's when I'm going to be buying Bitcoins again.
Honestly though, the most imminent big trade is not in Bitcoin IMO, it's short the S&P. I think the top is in as of the ATH @ 1687.18. This next year or two should be a wild ride once we start to finish these stupid 1-2s and get some real downside momentum going
