I'm afraid that if bitcoin will go down to 5000 a lot of general investors will go out of crypto and will loose their trust in it
the most bad thing in it - is loosing the trust. to gain it back, the market will require a lot of time and huge margins..
Given the volatility of cryptocurrency in general, is it worthwhile to try using options during trading? Particularly, the long straddle or long strangle would imo be ideal to profit during large increases and large decreases. Note that this way you wouldn't have to actually "own" the cryptocurrency.
I'm hoping for 1k! It goes down 1k a week it seems like so we got 6 more weeks to go! I'm holding what I have too and I'm super happy people are selling.