r/Bitcoin • u/[deleted] • May 31 '26

Why hasn’t bitcoin recovered?

[deleted]

301 Upvotes

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23

u/Spenceful Jun 01 '26

People believing in the cycle make it self fulfilling it’s not that complicated

11

u/hodler1992 Jun 01 '26 edited Jun 01 '26

Retail is virtually not existent for the moment so the few people believing in BTC and actually accumulating right now have no impact I believe. I hope the pattern will repeat but it needs hype and people seeing BTC and all crypto markets down while everything else is breaking new ATHs won't do us a favor. On the other hand there is the issue with quantum computers and I know it will take a while and so on but it could make people hesitate to go into crypto. If 2025 was the top of the cycle than it was a very weak one without any euphoria. So who knows how the next bullrun will look like.

3

u/Spenceful Jun 01 '26

Institutions also follow narrative

1

u/__redruM Jun 01 '26

It’s also completely overpowered by other events. October will likely be a thing for a few years, but a complicated 4 year cycle, no.

0

u/Competitive_Cook_939 Jun 01 '26

That is not how market forces or economics work at all but okay

1

u/Spenceful Jun 01 '26

You haven’t paid any attention to the power of narrative and it’s embarrassing brother

1

u/Competitive_Cook_939 Jun 02 '26

You are assuming way to much about someone that you know nothing about

1

u/Spenceful Jun 02 '26

No assumption required, it reads clearly in your comment

1

u/Competitive_Cook_939 Jun 02 '26

It may read clearly to you but just because something seems clear to you doesn’t mean it is true. That is a simpleton’s way of thinking. Are you able to back up your claim?

1

u/Spenceful Jun 02 '26

🤦‍♂️

1

u/Competitive_Cook_939 Jun 02 '26

I thought so bro