Every time I visit this forum the majority of topics are panic people, Bearish market, some are complaining, saying no Bullrun this year, Bitcoin is dead again and much more negativity, people are losing hope, I feel sorry for the newbies in the market and to all the new investors in crypto, it is obvious that the market is being manipulated, so don't fall for this trap and don't panic because the Bull is coming.
Here are some big players that already in Crypto market this year.
Crypto Wealth Is Being Redistributed
Over the last 90 days, weve seen some of the biggest investors in the world flood into cryptos:
Wall Street investment bank Goldman Sachs announced that it would launch a crypto trading desk.
Susquehannathe 12th-largest trading firm in the world by volumeannounced it would start trading cryptos, too. The firm even went as far as creating its own custody company to hold its cryptos.
Billionaire investor George Sorosone of the worlds greatest moneymakersgave the green light to his team to buy cryptos.
Coinbaseone of the worlds largest crypto exchangeslaunched a crypto index fund for wealthy investors and institutions.
Financial services company State Street said its considering acting as a custodian for bitcoin. State Street has $2.7 trillion under management.
Wellington Capitalwith over $1 trillion of assets under managementstated its intention to start trading bitcoin.
The Rockefeller familys venture capital firm, Venrock, said its also buying cryptos.
Do the math people,
Why is the market Bearish?Read this Article:
https://www.palmbeachgroup.com/content/palm-beach-daily/the-great-crypto-conspiracy-of-2018/42883/The market is bearish because people are afraid, in theory the price of bitcoin should be recovering already but the psychology of the market does not work like that, those that invest are not computers but people and if they are afraid to invest thinking the market is going to keep crashing they are not going to invest despite evidence of the contrary since they are not taking decisions based on logic and facts, they are taking decisions based on emotions.