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RE: Bold Statement: We Are Headed For The Dead Cat Bounce (A Must Read For Every Steemian)
You are welcome!
I just feel it and with this China situation there are going to be more and more Bitcoins being off loaded most likely because the news just came out and then all these week hands in other parts of the world fold and can't take the pressure and it can tumble fast.
But the thing is, that we have no public in BTC and the crypto in whole.
There is no big institutions went deep into market yet.
It coud be just reaction for the news, + some miners and traders took profit...
And I think a lot of people will buy at 3000 + price.
I wouldn't say we don't have any public in BTC. Signups at Coinbase have been going crazy. People flooding onto these platforms who don't really know what Bitcoin is or how to transfer it. They just think they can get rich off of it and don't want to miss out.
How deep is deep? We have major financial institutions invested this time around.
Thank you for reply.
Get me right:
I am not saying we do not have them at all. But for now it is relatively low amount. I do not know that any pension fund bought BTC.
And if you going to ask people about bitcoin most of them know nothing about it.
And if we have JP Morgan in, that makes even more possibilities for manipulations ;-)
I get what you are saying. The general population has very little exposure or knowledge of what this is. I could go down my whole street and probably no one would know what Bitcoin is.
Followed.
Looking for a new thoughts.
;-)