Likely a gigantic crash heading to 270
at the bottom there should be no bounce anymore. as long as it keeps bouncing ridiculously, the bottom hasn't been reached. people are still talking about the moon, thinking the price is "low" but a few months ago nobody would be paying this price for these coins.
it's like withdrawal symptoms: your addiction is only cured when they no longer show up.
in the coming days there'll be HUGE drops when news about crypto regulations come out.
the guy just said that crypto doesn't pose risk now BUT if unregulated will pose risk later. no new regulations for banks is not the same as for crypto.
this is exactly the reason why it must be regulated. people who release fake news to manipulate the market need to go to prison
Relevant national authorities have begun to address these issues. Given the global nature of these
markets, further international coordination is warranted, supported by international organisations
such as CPMI, FATF and IOSCO.
• The FSB will identify metrics for enhanced monitoring of the financial stability risks
posed by crypto-assets and update the G20 as appropriate
tomorrow will be interesting, but I have a feeling the real crash is close
when this much irrationality in the market, no real target can be said, though I think 270 is likely.