RE: This is absolutely a buying opportunity, and here's why:
Yes I think you are right that this is a short term setback with the China news and will not have a great impact in the long run worldwide. I think the more disturbing news is what Jamie Dimon threw out. That sovereign nations and central banks create money and that once that is challenged they will shut down Bitcoin. That is why he said it is a "fraud" because governments will never allow it to be money and in the crypto space it is being taughted as new money. We have the same problem with silver and gold the Fed removed it from the money supply and they will never let it back in. On the bright side Dimon did say that Bitcoin could go to $100,000 before this happens and I think it probably will. But what a backlash that will create, when just hitting the $5000 dollar mark has caused all this!
otage I think you hit on a good point. Why on Earth would the government, and especially the Federal Reserve and criminal banks of Wall Street sit ideally by and allow others to get a piece of their racket? They won't, not for long.
We heard it right from the horse's ass... I mean mouth, Mr. Dimon.