I think that's a rational and simple way to look at it, but in my own estimations, the chances for success are much higher.
This price down-turn is necessary, which is why, as a holder, I find myself smiling this morning. I don't think it's over either. Hold on to your asses! Once we get this out of the way, the chains are off. No more excessive leveraged positions holding us in place, and a lot of people acting irrationally, while the biggest bulls just lost their positions and watch the train leave the station. Panic.
You guys asked for wall street to get in on bitcoin, I don't think you knew what you were wishing for. They are here, right now, they are about to shake you down for all your coins, because the window of opportunity is closing. Lock those coins up folks. Put your straight jacket on if you need to.
This price down-turn is necessary, which is why, as a holder, I find myself smiling this morning. I don't think it's over either. Hold on to your asses! Once we get this out of the way, the chains are off. No more excessive leveraged positions holding us in place, and a lot of people acting irrationally, while the biggest bulls just lost their positions and watch the train leave the station. Panic.
You guys asked for wall street to get in on bitcoin, I don't think you knew what you were wishing for. They are here, right now, they are about to shake you down for all your coins, because the window of opportunity is closing. Lock those coins up folks. Put your straight jacket on if you need to.
Agreed 100%.
Wall street is selling and buying back their own coins to depress price by taking advantage of delusion sentiment about the missed bubble. Also August is perfect for the above manipulation because there's statistically less people trading on exchanges, this means that said manipulation is also cheaper to achieve.
