Bitcoin (BTCUSD)

[GOLDBUFFALO]

If you are a $BTC believer, I believe it is close to time to start loading the boat for BTC and the tokens that are going to survive with the king of crypto (ETC, ETH, ADA, POLY, SHIB).

I think most institutional money has cleared their portfolios of crypto. I read an article that most big investment firms are advising clients to steer clear of crypto.

This tells me several things:
1 - The bad , liquidity has severally dried up, not good. Low volume will kill any trade.
2 - Really bad , Crypto exchanges are in a very real danger right now. Tons of money has left their hands. FTX has damaged the credibility of crypto exchanges and brought a microscope to the industry which will almost assuredly lead to harder regulations
2 - The good - Could see a mega run with less big hands controlling the price range/move. It will be thin without much resistance on any BIG push up. Greedy shorts will be scattered, dead money or losses is in the future of crypto short positions.
3 - Instituitional buyers will be looking for cheeps when Russia announces full BTC adoption. It is coming. They have already released a memo stating they are. Just passing through law process is taking time. They are doing this to work around sanctions.
4 - This is how the last big azz run happened, BTC started mooning and big boys added the needed liquidity because of FOMO (fear of missing out)
5 - Tokens that have built the platform (smart contracts) are going to survive and payoff in a big way (great example is CELO, it is already integrated to the platform of the largest cell network provider in Europe). IT will prosper when BTC moves.
6 - Many countries are going to go full crypto adoption, even the USA. But my argument is they will still have to use BTC as the gauge (much like a gold bar to printed money from any nation). My opinion but I feel that I am right, time will tell.
7 - BTC has not missed a lick in the network with record number of miners offline for various reasons (low hash rate), very important news because that was a fear among traders. Could BTC handle transaction in the event of low hash rate? The answer is now a resounding YES!
8 - BTC has held very well in sideways trading at $16K range

So, do what you want, it is buy time, IMO.