We do have to come to terms that we are no longer a top team, but that doesn't mean we can't get back up there. There is always hope :-)
Unfortunately the landscape of football would have to change in order to give us a chance to challenge again the only problem is if that happend it would also give rivals such as other big Clubs like Everton, Villa, Newcastles and so on and so forth a level chance with us. I just think we need to accept there are bigger Clubs than us now and clubs with more power and money, commodities which rule and dictates football, when I first started going Liverpools rivals were Leeds United and Nottingham Forest there fans eventualy accepted they were no longer a force and were replaced by Villa and Ipswich early 80's, then our rivals turned to Everton and Arsenal mid to late 80's, we then fell away to bigger Clubs like United, Arsenal last ten years Chelsea and now Man City, it's just footballs evolution, we missed the boat like Leeds and Forest back then and have just faded away into the background.