RE: I have to keep myself from FOMO'ing into Bitcoin trying to catch the bottom, I'm so excited 👍
Yes, I have the same attitude. I am not looking to cash out into fiat, I am waiting to spend btc and using it as an actual store of value in the meantime.
But maybe next bubble I may cash some out finally. It will be my third bubble so I feel it would be about time by then ;)
Also, I don't think bitcoin is going to fail. Despite all the fud and bad graphs, there's so frigging much going on in the background it's scary. Every frigging conspiracy-personality already has their paws in it somehow, Bilderberg group, Goldman Sachs-bankers, even friggin' George Soros is in. I think there's too much money going into it, too many huuuuuuge stakeholders, for it to fail. Like you said if it's not bitcoin it'll be something else, but I think it may be bitcoin. 'cause it's the one that's decentralized. And alongside Ethereum, the only one that is exempt from the SEC rulings.
I have my own theory on that btw. I think they can't (sort of) say that BTC/ETH are securities. Because if they did, then they are saying that they aren't money. And if they aren't money, then none of the ICO's raised any funds. So perhaps in order to tackle these ICO's legally they needed to accept BTC/ETH as money legally. I don't know enough about law or the american law system but it feels like one of those legal issues that could be in play.