Hopefully this is the case but we have seen some good news recently that should have raised the price and it is still the stuck, which i might add is not a big deal to me because i have time to get some more end of the month.
I am one who has forgot the insanity that this market can bring i have actually found it quite boring recently. OP i think we will see it again but not any time soon and i believe if it comes it will be legit so will be exciting times.
It could take decades. Take at the max chart of the Nikkei. http://finance.yahoo.com/echarts?s=%5En225+interactive#%7B%22range%22%3A%22max%22%2C%22scale%22%3A%22linear%22%7D
Seeing that, it sure is possible BTC could follow the same fate.
How often do we have a revolutionary design like bitcoin come around though? also as been said before its only going to take a few years for bitcoin to develop to its full potential. Either way im hodling.