I purchase some coin today I will see if I buy some tomorrow.
People do these mistakes, or they want to buy very low which the price never gets to and when they buy it then they want to sell very high, two common mistakes. Well people will have to buy at some point cause is already very low.
Low based on what? Value? Last time I checked, the only thing I see is disruption caused by the media and regulators but in terms of innovation of magnitude that shakes the market creating a different landscape in which smart and big money can buy because there is an "opportunity", sorry I'm not seeing any. Sure there's a lot of technological jargon being throwing around but nothing that the mainstream , average or smart money would ever care for.
When is ETH gonna go POS?
When are fees and time for the transactions of BTC going to be reduced?
Has any blue Chip tech company absorbed crypto in a way that will provide innovation that will be practical and useful? Because sure people some people wanna be anarchists but at the same time wanna be rich and those things are no positively correlated.
Im not being rethorical or attacking I'm just putting these questions out there so I can get your opinion.
I personally think that the only way this bearish trend fades is if "smart money" identifies an opportunity to capitalize and profit. That huge momentum that drove that massive uptrend to 20K was in a time in which financial markets had a such low volatility that they even have to develop derivatives like the Daily Inverse VIX Short-Term ETN or ProShares Short VIX Short-Term Futures ETF to get something going on. So I just wonder why during those times of low volatility we had such a monstrous momentum on the crypto market? Do I really think all that money pouring into crypto was from retail, average Joe's like myself, HODLERS, etc ? I don't think so.