RE: ...and now what?
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It is interesting to see even large holders taking some risk off the table.
Another worry I have is the Mt Gox coins eventually coming out. Also some of these large buyers like Microstrategy could end upside down on their investment.
Then we have Scammers like Block One who have 164,000 Bitcoins they collected from running the EOS ICO scam. There is unfortunately no other word for it at this point besides scam.
A lot of the retail buyers backs are broken. People are paying on average $4.65 / gallon of gas in California and the shelves are empty in the grocery stores. Car lots are empty and we are having to go MadMaxx status here in the United States.
We will thug it out with crypto and it will rise again but personally I don't know if the floor for BTC is 30K or 12K. It will be terrible if we have to do battle for a year to find out.
Yep, EOS ICO was really a shame. Bad times coming but we cannot forget that our goal is at the long term.
Stay safe my friend.