I've gotta say, I have a very hard time feeling bearish in any sense right now. Even if we drop below $8k (which I think is very unlikely), I have zero concern about it coming back. In fact, the only way I can see it dropping that far is if it's manipulated by big money. And if that's the case, the big money is not manipulating the price down because they expect low prices. They are just getting people to panic sell so they can buy for cheap before jacking up the price. Guys, crypto is here for the long haul, this is no tulip bubble. There are real world practical uses, great uses! Think about how much big money is coming in. As Teeka from PBC says, this is the best time to get in. It's like investing in the internet tech sector in the mid 90's WAY before the dot.com boom (and then bust). There is alot of big money coming in behind the scenes right now and they (the banks) are expecting a regulatory environment with their investments. But I call BS on that. Although their money will represent a significant (actually huge) piece to the total market cap in the future, they won't be able to stifle exchanges in countries that are crypto friendly. You will just have the big US financial institutions trying to bully and scare people into thinking their investments are the only way to go. Don't fall for it. That's what they want you to do and want you to believe. They are currently getting into BTC (the easiest entry currency) behind the scenes. Before long they will look to diversify into alts and probably pump and dump more than any whales or telegram groups have done in the past. There are literally not enough alts for the money to go into. You'll probably even have some NY newbie trying to pump junk alt's like UET (Useless Ethereum Token). Will some alt's fail? Absolutely. But let's be honest, alot of them need to.
