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#BTC falls below $60K - buy the dip or wait?
The cryptocurrency market has entered a tough phase.
Sell pressure from the German government, sell pressure from the US government, sell pressure from the Mt. Gox bankruptcy settlement, withdrawal of miners.
For the time being, the selling pressure continues to dominate.
The impact of ETFs is also significant.
It is because investors who do not take responsibility themselves can make large deposits and withdrawals to trusts through ETFs.
Because many wealthy people speculate rather than invest.
ETFs are being increasingly proven to hinder pure market formation.
#CryptoObservers