The Reality.
I work with many collaborators and analyst in the course of my work.
I remember when Bitcoin hit for the first time the 15k mark. It was a crisis for many of us.
I'd love to elaborate all the reasons why, but that would be a 20 pages resume of 300 page assessment.
When Bitcoin was under 10k, we had, no issue's with regulations and China. We had no real challenges from any major players. A community that was rich, but still in the game for the right reason. And so many other reality of that time.
Then, we had Bitcoin hit over 10k and saw a tsunami of volume with greed following right behind. During everyone was getting High, and subsequently growing the damages of maintain the growth of a already over evaluated market.
When BTC hit over 10-15k, we saw.
The heart of Bitcoin (mining) was in China. We can agree, China has giving the Bitcoin community a few heart attack.
We then saw scalability issues and the Split of the original Satoshi team into to entity, Bitcoin & Bitcoin Cash.
Bitcoin Connect would of never got attention with a Bitcoin valued at 6000$. Tron wouldn't be worth 8 Billion with no product, let alone any type of market integration in any upcoming market quarter evaluations.
Experts are now stated Bitcoin is heading for the 2-3k mark, I again disagree the same experts daydreaming when they were forecasting a 30-50k Bitcoin in Mid-December for the start of the new year 2018.