RE: When to Buy in New Era of Cryptocurrency Regulation
I was really watching all these news and rumours of everyone and I were really questioning my self if you would post on this topic.
I think that recent events like Tether FUD, india, korea , chinesse ban all of these lately news have played a big role in the bitcoin's path over the last few weeks. There is also the bitcoin futures which started about 1 month and a half ago who took a big role.
I feel like Bitcoin is really manipulated right now with all these stuff and people are playing with it. One major factor of why the whole market drop is obviously bitcoin price. Cryptocurrencies interest drops towards the masses of people as the bitcoin price drops. If you go outside and take some random people who have heard by crypto once they only heard about BTC.
What is the problem? Well, lately bitcoin dominance dropped as there was a lot of ethereum potential considering ERC20 Tokens and ICOs invasion so therefore a lot of people moved away from bitcoin. Then, bitcoin lost a lot a lot while ethereum gained a lot. This chart explains it really well.
Now, the market's future is in our hands. People either move back to BTC in order for it to come back stronger, else ethereum will take #1 place in the near future and then we will need time and patience untill masses of people will get educated about cryptocurrency. There was nothing catchier than a coin who jumped 10.000$ in few weeks for an average person.
What are your guys thoughts on this? Steem on! 
I do think that ETH is skyrocketing now! However, I think that ETH is the hero who save the market, as it resembled in the last 2 weeks the strongest safest Coin (especially USDT does not look like so).
Look carefully today. There is no such panic like when BTC touch 10K (15-17 Jan), although BTC went today too far lower!
Moreover, it is more realistic to think that ETH will be 10X (10K), than BTC reach 10X (100 K), otherwise, the bubble will be too ...!
Now the price correction is going smoother toward ETH rather than whole coin crash.
At least that is my opinion!
That's also what I advise most people that cant run into fiat when market crashes - to jump into ETH as its the most stable and suffers the smalles losses. If we compare all the market to ETH most of the coins are on green 💚💚
Why do y'all think ETH has been more resilient? That's my biggest question now. Do people collectively see it as a safe bet? To me that doesn't make sense. Why would be any safer than BTC? Or is there orchestrated flow of cash (or could even be Tether manipulating) ? I see all crypto going lower.
From my point of view is safer as a lot of people start to believe in Vitalik's vision and actually there is aplicability ( ERC20 Tokens, cryptokities, smart contracts etc. )
There is also a better way out when bitcoin market is manipulated by different sources like bitcoin futures.
Also whens the switch to proof of stake happening? People might be accumulating for that in this dip. Probably a flippening then...