I came upon this article, and the so called experts weigh in on the current price dip and why they believe
Bitcoin would reach $3000.
I am usually very skeptical about trading advice from popular cryptocurrency influencers as it could be made with personal motive, but I was drawn to the statement made by Former institutional trader, Tone Vays;
"
BTC constantly drops 80 or 90% to make sure people know what theyre doing, that they understand why theyre in BTC. And I think there are so many big buyers of Bitcoin and they werent buying it for the right reasons. They were buying it to make a quick buck and to be famous and to make money for their investors"
The current drop is bad for those seeking short term profit, and ICOs sponging on the growth of bitcoin. But I don't think it does much to the actual goal and target of this technology,
Of course we all invest for profit.
But true believers in bitcoin would be mildly shaken by price dumps, especially as it is expected in this space.
What do you think?
What's the support you envision?
Could there be a silver lining in all these?
Despite the harshness of what is happening, it is a viable solution to reorder the market
Restructuring the composition of investors in the market
To be believers They are the owners of the influential
And the role of whales in the market will be reduced
This is the solution as I see it.