Yeah its the best news and this is great for us all unless you get your investing advice from YouTube people who have never invested in their life before. Most people on youtube think think they are now investors because they have purchased a few crypto coins and earned some good profits.
The problem is that they have no idea about trading fundamentals. Most dont even use indicators such as RSI (Relative Strength Index), MA's (Moving Averages) or Bollinger Bands that's the minimum I use for a clutter free screen. Anyway I do like to watch a few of these guys videos for entertainment but I do think it's shocking that they tell people to just keep buying, holding etc and that their is no bubble.
I thought their was a bubble long ago but you gotta do what traders do and ride the TREND whatever way its trending, even in a bubble. The key is to get out at the correct times ie, when your indicators are hitting the correct zones. I don't even comment on these crazy videos because I used to get told I'm crazy especially in that youtube live channel something along the lines Bitcoin Trader, the guy that shows his practice account and asks for donations lol.
Anyway the reason I thought it was a bubble is because their is actually no real value, Bitcoins are not a currency, who uses them to trade for goods or services, the fees are too high, not a stable price : who wants to buy something today when bitcoins could go up an hour later and who wants to sell an actual product or service when bitcoins can crash a few mins later. It makes no sense. To add to that BIG TIME BANKERS have been invited into the game. You gotta play with them, not against them. They will always win. Then all the MAIN STREAM MEDIA giving them all the hype to get all the suckers in. I hope anyone reading this hasn't lost any money. The idea is buy whatever low and sell it high. Its simple economics.
Just because bitcoins bubble has burst though it doesn't mean they wont go back up. We just need to wait on the suckers selling their over priced coins to the bankers then when the bankers own them the price will rise again. Its all a fixed game.
I don't just trade cryptos, I just love them for the crazy vaullitility. I also trade real STOCKS, FX, BONDS, INDICES.
I also use a trading account for CFD that way I can BUY, SHORT SELL and GET OUT anytime I want.
REMEMBER BUY LOW, BUY LOW wait till we bottom out then stock up.
HAPPY TRADING PEOPLE