Despite the bloody markets please remember that fundamentally BITFINEX:BTCUSD is here to stay whether or not it dips below 8000 or continues fighting upwards to get past 10,000. In my opinion, anything under 8000 is a buy for the long term. Catching a flash crash scenario by setting buy orders at 5500 or so would be clutch in the event that it occurs. Rest assured, this is not the end. If you are down, I encourage you not to panic sell. We have been through this before time and time again. There are too many developments and companies involved now that this would be the end. My target for Bitcoin by EOY is $31,111. I am still on the bigger picture. Don't lose sight of the bigger picture and don't act on emotion.
Some fundamentals to consider:
Bithumb Launching Kiosks at Restaurants for Food Orders and Crypto Payments in Korea
Wirex Launching Bitcoin Debit Cards in Europe
CFTC Ex-Chair: Crypto ‘Bubble’ Won’t Burst Without Set Regulations To Bring In Big Money
My stance on regulatory pressure and the future of crypto:
If you think we were going or are going to live in a completely decentralized world you are living in a fairy tale. This will likely never happen as most nations have governmental infrastructure put in place since inception. We don't live in the middles ages anymore and any sort of rebellion would get you REKT - WAKE UP PEOPLE!!!
With that being clarified, it's clear that the governments see that crypto is here to stay and they are going to want to get their money out of it one way or another. Through regulation, governments will be able to generate revenue out of crypto. They may not be able to fully control it, but they will be able to get their slice of the pie.
From an optimistic and capitalistic point of view, I believe regulation is actually the best thing that can happen to us. Regulation will legitimize crypto and in effect welcome more investors on all levels. The people and institutions that thought crypto was a huge ponzi scam and/or fraud will have nothing left to say. They will begin to experience the most FOMO they have ever had in their lives and buy in. This is literally a once in a lifetime opportunity as we shift into the digital state of the world. Those of us holding crypto are so far ahead of the curve.
Onwards and upwards,
Mijo Bradica aka @crypt0whale via Twitter/Telegram