The drop is a response to fears of regulation. I saw $400 AR-15 rifles selling for $2,000 when Obama took office because people were scared of regulation that never happened. Fear selling and fear buying are compelling, scary things that have no bearing on long term performance. Remember, be fearful when others are greedy and greedy when others are fearful.
RE: Thoughts on Forbes's "12 Reasons Why Bitcoin Could Fall Below $1,000"
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Thoughts on Forbes's "12 Reasons Why Bitcoin Could Fall Below $1,000"
Oh this isn't in reference to the dump today. It's a longer term view/vision.
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His first point is regulation fears, which is what's driving today's dump.
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Correct, but that will be an ongoing issue, not just about today. It's been an issue since 2013 which is what caused the crash back then....I think until it goes fully mainstream and is regulated, this fear will always harm markets.
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