Post
Topic
Board Economics
Re: if you think 18k btc is low wait until autumn ...
by
gikere
on 01/07/2022, 19:22:11 UTC
Now btc has already touches $18k, and most likely the bearish season continues which will certainly bring more price drops for bitcoin. Well, as long as the market remains low and bearish, then we can just expect inevitable price downtrend as its what bear market is all about. After all, we won't sell our coins in times of losses, but this long term bear market will always bring a lot of opportunities to invest, we just have to invest in the right coins so we can expect huge profits after long term hodling.
Can we expect large investments in cryptocurrencies in the future from large funds and institutions, if in the context of the global crisis many are trying to get out of cryptocurrencies? If they do this now, they will incur losses and may not risk dealing with bitcoin in the future. But Sailor continues to buy bitcoin even now, so there will probably be true adherents who will promote cryptocurrencies.
Most large funds and institutions also exit their fund from stock, cryptocurrencies are no different. Till the stock market start pumping their money back to stock, then we might see a similar trend to crypto as well. The only chance large funds and institutions want to invest in cryptocurrencies right now is they must have the securities from the government. Similar to stock regulators so they know they won't take many risks.