Not so sure about that. What do you think matters more? Some rich people discussing crypto or lots of greedy hedge funds and investors waiting three months for a good time to invest?
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Not so sure about that. What do you think matters more? Some rich people discussing crypto or lots of greedy hedge funds and investors waiting three months for a good time to invest?
The reason I said that is cause I believe the major cause of January's dip was the China blockchain energy consumption crisis. If such could cause a visible price crash then how about many countries coming to decide whether cryptocurrency as a whole is a profitable venture or a promising trend and what losses they stand to face if they allow it in their country.
But these investors sha. Their greed also is a major concern. I know what I faced with ponzi schemes when they held the floors and made everyone temporarily rich.
The Bitcoin problem are the whales. They can easily control its price. I won't forget some weeks ago (22 Dec) when the price from 17k droped to 6k for some minutes. That was the first crypto blood I saw. And I'm sure some guys from China doubled their billions just like that- mass sale > buy the dip. What makes crypto better from the banks if they can be controlled like that?
You're right though