both white lines need to hold or IMO bitcoins in trouble for the short term, long term depends on getting joe public buying again NOT institutional money,
the ico craze helped get it to 20k and thats never coming back. we need mass man on the street OTC .
BAKKT is not the second coming ,
if you went in to a club with 500 people, half will have heard of bitcoin, almost all would not know how to buy it!
thats the problem!
ok so institutional money comes in and gets locked away, who's going to drive the price up for them?
the public??? yep,,,,and if more public does not come in to buy to in crease volume then the institutional people, they will sell and move back to stocks and gold. think about it.
this is what pomp and the like don't understand, Apple stocks etc move up because the public demand it and the whales buy and sell off that, but bitcoin???????????. have a think guys
the ico craze helped get it to 20k and thats never coming back. we need mass man on the street OTC .
BAKKT is not the second coming ,
if you went in to a club with 500 people, half will have heard of bitcoin, almost all would not know how to buy it!
thats the problem!
ok so institutional money comes in and gets locked away, who's going to drive the price up for them?
the public??? yep,,,,and if more public does not come in to buy to in crease volume then the institutional people, they will sell and move back to stocks and gold. think about it.
this is what pomp and the like don't understand, Apple stocks etc move up because the public demand it and the whales buy and sell off that, but bitcoin???????????. have a think guys