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RE: Is this the Bitcoin bottom?

in #bitcoin7 years ago

I believe the market will actually go higher when more regulation comes because that is when Wall Street will start to jump in

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Wall street won't jump in an unregulated trend. They are lobbyists sucking ppl's blood from an economic ecosystem.
If crypto succeed and survive it will be without governance.

Just my opinion

It's not Wall Street, it will be the power brokers behind Wall Street who will buy up large positions and then send in the lobbyists to legitimize their investments once they have a substantial and influential portion of the market in their control. I continue to believe that the negative coverage is manufactured in order to create a bear market allowing a low entry point for the Whales.

That's quite a good guess, can also called conspiracy. I hold coins, so I will lose on such a vast crash, BUT I'm more curious what will happen to DECENTRALIZATION rather than being concerned about my small asset.

Would the banking and money system get out of hands of thise people as media got? cnn and fox etc dream about how they could manage society's mind two decades ago. With internet and social medias their time ended.

What about JPMorgan etc?

I think there are quite a few of the original miners and developers who hold vast sums of BTC who are believers of decentralization, but also need the expertise of large institutions to help diversify and are also looking to the old money crowd for guidance on how to keep/invest/spend their money. Try cashing out $50M in BTC and investing it on your own. A lot of people won't even know where to look for VC or PE investments. The old money crowd will be looking to these nuevo rich to get capital for investments and will probably look to diversify their own portfolios by adding cryptos, especially if it allows them anonymity.