Next Bitcoin Bull Run Needs to Wait

Imagine you owned a club with low cover charges, cool drinks, and fun people. Your waiters were slow, your managers didn’t have much experience, and your bartenders were a little anti-social, but it was a small club and the patrons liked it.

Then, out of nowhere, your club got hot. REALLY hot. Celebrities, businesses, politicians, everybody started dropping by. People would stand in line for hours just to get in. On top of that, they would pay seemingly anything for a drink. Your club was mobbed. Scammers and scalpers were selling fake entry tickets and bogus wristbands. YouTubers and Instagram stars were posting about promotions you didn’t authorize and hyping events that didn’t exist.

Then you saw the reports on the news and social media:

Too slow. Too expensive. Shady managers. Bad service. Rip off. All hype. This place sucks.

The crowds disappeared and your name was ruined, but your club persisted. In fact, less than two years later, you’re more profitable than ever. Your waitstaff is faster, your managers are better, and your bartenders are more likable. Out of the public’s eye, you’ve worked out deals to lower your costs and find partners with deep pockets who want to help you succeed. While you still have problems, you’re working to fix them.

Lately, you’ve noticed an uptick in new customers. Excitement’s building on YouTube. You hear your club’s name mentioned in the news again.

Is this a sign of things to come? Are you ready for the new rush?

This is cryptocurrency in May 2019.

At the beginning of April, bitcoin hit $5,000 for the first time in many months. As of this post, price is above $6,000. On YouTube, Twitter, and Reddit, people are calling for a bull market.

Bull market?

Please, let’s hope not.

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