Bitcoin price drops - all cryptocurrencies drop - prepare for upcoming bear market

So allright, we experience a short up-trend after the negative media exposure from JP Morgan and China banning exchanges. Indeed the price went up 1000 euro's in two weeks. But I don't think it will be sustainable. Over all crypto's are in the red-zone and losing value. I predict an upcoming bear market for this year and also a considerable time of next year.

All crypto's went up too fast in a too short time period. That calls for a correction but since we have already experience many corrections, and governments are doing all they can to discourage people from getting into crypto's, the negative media exposure will continue and I foresee legislative law in more countries concerning exchanges. They might not ban exchanges like in China, but they can certainly make legislative law and through regulations , for example by requiring people to registrate themselves before they can use exchanges, and then placing taxes on every single transaction, make it very discouraging for people to by, sell and trade. Let's face it, most people are in cryptos to make a quick buck and are in it for the fast money. And who can blame them considering how governments extorte poor people and deprive them of wealth and prosparity. So I am awaiting a HUGE market pullback, then when nobody wants bitcoin that's where I start buying. Then waiting patiently for prices to go up after governments become more lenient in law because they have bought up all bitcoin. Then sell and make profit.