Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Majormax
on 05/12/2018, 01:35:09 UTC
Not sure if this was already posted, please don't kill the messenger as i don't agree with lots of these points.
However, this shows where institutional investors (aka hedgies) are on this.

https://twitter.com/DoveyWan/status/1068573163670261760

In short: institutionals are shell-shocked and bewildered.
My take home message: small size institutional money will not participate from now on.

TL;DR she predicts that, similarly to how internet happened, blockchain will eat the world, but somehow traditional players (Fidelity, Paypal, etc) would be the winners and we would be the losers.
I disagree, obviously.

There's a lot of negative predictions and news stories about Bitcoin around. IMO it's bullish and indicates we are close to the bottom.

There are also a lot of positive sentiments as well, so the bottom could be temporary.

This bear market needs a lot more time to play out (rather than price pronouncements)