This crash, er correction, er whatever it is really sets things up well for the rest of the year.
So many newbs, naysayers, and casual mom and pops out there who have been thinking about dipping a toe into Bitcoin definitely won't now. They'll have a laugh now and it will fade, and they will completely put Bitcoin out of their mind.
And then they will again be shocked when it takes off to the moon again later on this year or next. I almost feel bad for the people who just can't seem to win because they believe they are smarter than everyone else already involved.
I agree, think things look good in the long run but may enter a bear market for a while. There were far too many people blindly throwing money at cryptos, especially alts, for things to grow in a healthy manner.
The alt pump and dumps were a red flag just begging for regulation as well. If the market can't handle RUMORS of South Korea or maybe China regulating, just imagine how devastating actual confirmed news about US regulation or SEC investigations would be.
Far too many normies investing money they couldn't afford to lose that they would yank out of the market at the slightest sign of trouble, did not bode well.
How quickly cryptos went from being about "decentralization" to "I want my lambo" was not encouraging. Who cares if the system is decentralized if it's still run by greed. Forget about having crypto being assimilated into the normiesphere, this should be about creating an entirely new space all together.
