RE: When to Buy in New Era of Cryptocurrency Regulation
you have no clue what youre talking about. bitcoin will not go below $6000. If your eyes are open you will see that the FUD is getting more and more serious and yet the effect it has on the market is a small fraction of the initial effect. The hodlers are strong and they are right to be. Any institutional investor (with 100 million to invest) who invests in bitcoin between 6000-8000$ has a extremely good chance (~80%) of making billions in the short term (next 3 years) and about a 5% chance of having bought into the world future international currency (20 + years) which would be valued between 5-13.4 TRILLION dollars. These odds are astronomical in comparison to a lottery ticket. No comparison. Your issue is you don't truly understand the technology behind bitcoin and the power that the popularity brings to the techs adaptable nature.
let me ask you something. do you really think that the reason bitcoin jumped up from 9k to 15k in a day because of regular buyers like you and me? NO. That was clearly instiutional investors getting involved. This entire crash is nothing short of market manipulation.
The institutional investors want the weak hands out so they can buy the BOTTOM STACK of bitcoin.
All institutional investors SHOULD and have BEGUN to invest 5% of their investable assets in bitcoin with the intention to hold it for 20+ years.