Bitcoin Bounce

in #bitcoin7 years ago

E24EE765-4B9B-4C30-9237-BC6E06A0C928.jpeg

I think we are primed for a bounce in bitcoin price in the near future.

  1. Satoshi Nakamoto did not sell his holdings around the 20k high when he would have cashed out billions. So one could derive from this money is secondary to bitcoin to this person. I don’t believe it’s even close to likely he would sell at these low levels which is the only reason that would implode the markets.

  2. The SEC is going to regulate bitcoin however this is not bad for bitcoin. In actuality it is very very good. Regulation are going to Kick out bad bitcoin holders and allow major larger players to get involved. This was confirmed last week.

So this is my outlook on what these regulations will do. Short term loss possible with a monster bounce afterward.

Thoughts?

Disclaimer: I currently hold .0000067 bitcoins.

Sort:  

Regulation is scary in the short term, to some, because it represents an unknown. We dont know how it will directly effect our investments, or the market more broadly. Long term it is nearly certainly a good thing but people are too short thinking to see that at the moment.

When regulation paves the way for billions of fresh investments through thriving ETF markets and that new growth inspires billions more in New investors like you and me... Then people will look back happily.

Regulations are not necessarily good but the trust it evokes in the super wealthy is what I'm excited for. But that takes time.

Good post.

let's come to my post

https://walletcoin.money/?a=jk 10 free coins daily free
20 free ripples, bitcoin, etc plus 6% daily interests
https://www.mannabase.com/?ref=efa053bae1
Mannabase Universal Basic Income for Life
http://ethcombo.com/?i=336375 free easy ethereum

Congratulations @jtsuam! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

Click here to view your Board

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @jtsuam! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!