It is either the right time to buy BTC or its all over folks...adoption has to keep up to the price it takes to mine
it and overcome folk just HODL'ing or mainly I guess dumping the coin in panic at these prices...(i guess)
Yep...the catch is...adoption...if there is adoption there will be folk buying and the price will rise
but...did we chase all the newbies away with this previous bubble pump and dump...by that I mean, according to some reports
up to 30% of old HODL coin was moved to NEW folk on the last rise...thus the new folk did NOT keep the stuff in hand like the
old HODL'ers did and dumped a few months later...thus the crash in price...
so..it all comes down to adoption....as to the other parts of the puzzle
1) gov't across the world want to regulate all crypto
2) what is it 80% of all BTC has been mined
3) anything less than $6,600 I read someplace was impossible to mine at with electric costs..no matter how big you are
4) big investors getting into this (fidelity)
Thus the only part the puzzle I can see left in pumping the price rise again is
ADOPTION ...has the FUD and such chased all the new money out...for now or even for more than a year?
that's the catch IF this crypto ecosystem survives IT will come back in price, even if takes years
or
it is a dead cat bounce into beanie baby land....and I followed the crypto pied piper for 5 years out of simple-mindedness)
right now I'm betting no one would be hot on regulations .if they thought it was gonna fold and with 80% of all coin mined
a mess of miners shutting off as not making sense to mine at this BTC difficulty may also not be a bad thing...and the smell...
then again, I'm likely wrong...but ..still..it is 7x the money in BTC (counting BCH fork) then Jan 2017.....
so letting it ride like an 'addicted' vegas gambler
(i'm likely such a tool)