I think we're heading toward a new chapter which will test and challenge the beliefs of everyone involved in the bitcoin network.
An overwhelming vast majority of participants are in it for the price, and that price is measured in dollars. The dollars, and in effect the price, are able to be manipulated by central planners. The situation could resemble what has happened to gold/silver.
Basically there will be paper bitcoins that can be utilized to manipulate the dollar price of real bitcoins. When there's an avalanche of people selling paper bitcoins the price of real bitcoins could be affected.
I do not believe this game will last for very long, but it could be years. Unlike precious metals BTC is easy to transfer, so when events such as future halvenings occur, people will demand real BTC and when we realize that only paper BTC is available the game will be over.
Find out what your priorities are and stick to them. If you're in any of this for the fiat gains you're going to be in for a wild ride. We all are.
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