RE: When to Buy in New Era of Cryptocurrency Regulation
institutional investors are professionals. Thats why that guy the guy above linked put 7 million dollars into bitcoin when it was 700$. he also agrees with the other institutional investor that i linked who believes that bitcoin has a chance to be worth all of the world's fiat. Youre right, institutional investors are here to make money and they are educated. They have been educated about bitcoin and so they see it as money. It's value for now, and in my opinion, for decades to come, is volatile. Institutional investors will take advantage of this so that if bitcoin among all the other crypto currencies that are here now or are to come, becomes the world's international currency, they will have obtained each satoshi for as cheap as possible. They have programmed bots to watch the market and have individuals constantly looking at news entering new information as it becomes available. You might want to pretend that this market is 100% like gambling because the odds are low for any of these coins to be THE coin that becomes the world international currency (a coin almost certainly will) but in the short term (<5 years) it is easy to select which coin is most likely to become the world's international currency (<5% chance in the long term no matter which one you think it is).
I appreciate your definite views :) They are interesting to read :)
I would think that greater than 95% of people put money in crypto to make money. We all want to make money. But wanting it doesn't make it happen. Putting savings into the market in the blind hope that the market will rise is gambling. This works in a bull market and people think that they know what they are doing. Buying the dips and holding works when the market is going up. Buying the dips and holding is a terrible strategy when in a bear market. It will kill a portfolio. It will grind it down to nothing. People need to be extremely vigilant and careful in a bear market. They need to protect their capital.
I agree with you that long term bitcoin (or something else) may possibly be even bigger than now. That could be months away or that could be years away. Nobody knows.
Be careful my friend and good luck with whatever strategy you employ