I am reading a lot of FUD about how instittional investors are pulling out of bitcoin so the BTC is falling to the wayside. Not so. Today I woke up to news that Indonesia has passed regulatory measures for BTC Futures, QUOINE has been negotiating with Japanese retailers, and more mammouth transactions are happening overnight.
True there was bad news...ShiftPay is going tonshut down etc..., but that hasn't scared me. It's because my Telegram, WhatsApp, Mixin, and messenger were full of requests to buy BTC at a 10% markup. So many that I won't be able to cover them.
The same is true with Steemit. I have taken some time away because I got a contract to promote the Encrybit ICO. But when I came back I had still been getting plankton rewards from curation trails long after my delegation had ran out.
This along with the sheer volume of crypto news tells me that crypto is still going strong. There probably won't be a $10000 BTC price again (I don't think it will stay this high for much longer...Only a quick jump and then another big dip like what has been happening for the past few months), but that doesn't mean it's dead.
Futures and Margin traders stand to make more money when the price is low than when it's high.
That's where the regulatory measures are so that's where the money is right now. No worries there are several great crypto tokens available for volatillity and transactions. Plenty of room for growth in ICOs means there will always be fortune seekers jumping into the market.
Patience is a virtue, so be virtuous and wait for the next bubble. The time will come when those 100000 ICO tokens you bought for $50 will be worth $50000. It's all going to work out in the end.
For example, LTC has been the bastard stepchild of crypto since Charles Lee fubbed it up two years ago. But for the past two days, LTC has had the most capital inflows. It's all a waiting game. HODL
