I'm a somewhat early adopter of Bitcoin, and believe in its long-term utility. Even so, I've been bearish for some time due to the influx of people who are buyi

I'm a somewhat early adopter of Bitcoin, and believe in its long-term utility. Even so, I've been bearish for some time due to the influx of people who are buying coins or nothing more than speculation. I don't think that's "bad" per se, but it's not a sustainable means of growth. I'm seeing more an more of these "the end is near" articles popping up. After witnessing a half dozen or so boom/bust cycle firsthand, my spidey sense is beginning to tingle that we're about to enter another one. After ten months of decreasing volatility and regression toward a mean price of $6,500 +/- 5%, I'm expecting a run-up any day now. It may not be another "to the moon!" run, but it'll happen. When it does, the new value will stabilize higher than it is right now.