d_eddie
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March 18, 2018, 07:26:39 PM

And so 2018 marks a pivot point. Amateur speculators are spooked beyond belief and exiting the market in droves. But I think institutions are just starting to lick their chops and down-right salivate over the opportunity being handed to them. A global commodity that can and will be fiat-regulated, with a deflationary supply that cannot be artificially modified, an immutable public ledger, and unbreakable security if done right, barring any quantum leaps. We all know the technological benefits of Bitcoin are a dream come true for institutions, much more so than for the average Joe Public. Amateur speculators have been dreaming for this moment, the day when institutions take their little pet project seriously.

So what I don't understand is why everyone is suddenly running away, quitting the race, and basically just handing over the reins to the big boys for what is gearing up to be only 15% of December's price?
Because they are smashing the price down. I see some purpose to this action. However, if even Torque won't support me, I might be badly off.

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Because of one Mt Gox? Because of fear of regulation? Because of a crackdown on scammers? Because of fucking Google advertisements?
Yes, the usual FUD. Normally, it's moderately successful, but with the smell of bears on the horizon, it can become extremely effective.

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What gives, people? Isn't this what we were all waiting for?

I'm seeing a lot of talk of a protracted crypto winter like we saw in 2014. Do we honestly think the big boys are going to wait that long?
I share this view with you. They're probably drooling already, as you said. So why the protracted dump? This doesn't feel like mamas&papas selling off or old schoolers giving up. There must be something more to it.

That's why I was asking for discussion: to help myself build a mental movie of what's cooking - and of the possible future developments.  Not looking for numbers (maybe just ballpark times). A qualitative discussion would be ok at this point.