A blood bath we are a taken...or are we?
I would like to add my 2 satoshi's to the madhouse of speculations, sky is falling, doom and gloom we are seeing, feeling and sick over.
First, if you had no plans of cashing out today, you have nothing to worry about. If you took your rent money to buy btc, you might want to look for a second job and/or a tent. But have no fears, bitcoin will be back.
Second, if you're in this for a fast buck with no hard work, good luck on that one.
Third, always and I mean always talk in satoshi value.
Fourth, there was a generation that only dreamed of making 7% off their retirement stash after paying 40 years into that fund. Today, this generation expects it within weeks...sad
Fifth, bitcoin will find a way, it always does. The blockchain is a living , breathing idea that no person, government or space alien can stop. When the blockchain space gets filled up with scammers and selfish people, the blockchain shakes those people out. This is what's happening now.
In closing, remember what your why was when you entered this space. Maybe this is a perfect time to x out the market and dig into the core "why" bitcoin came to be.
Bitcoin will find a way.
This is pretty obvious that Bitcoin is getting a rest before a bull run could happen again. People ought that this was the end but they are wrong when thing finally go to plan.
With ETF approval getting moved. I can only see more time for BTC to move up even faster by October and November. ETF is already rescheduled this December? I wish altcoins rises first before BTC rise which will be another massive.