I feel like the same. Crypo market will bounce back again and we'll see bitcoin price $10k and so of the altcoins.
However, this market will always remain volatile. Rich people systematically pump money on some crypto and when the price rises to its peak, then they began selling off. They again go in search of another asset and carry on this procedure. They are earning huge profit but a common investor founds himself in a loss. Someone's profit is equal to some others' loss. This is simple.
This won't stop till cryptos replace fiat.
I see a bright future ahead and current low market is best time to invest irrelevant to government rules. In simple word let me tell you that every one across the globe knows that Smoking/Tobacco is dangerous and cause only harm no good but still Governments don’t put ban on it. They simply put a label of risk involved on it and with each passing budget they always each time put more tax as a result Cigarette price increased each time.
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But in India we are waiting for RBI News. All the crypto holders are waiting for 7th July. The last day for Indian banks transactions with Indian Exchanges. & on 20 July second hearing is with RBI final statement on regulation. Present govt is with the blockchain technology... Lets see
Yes; until crypto systems are designed to preclude the possibility of these pump and dump tactics, they will continue to be sucked on by the vampires.