The dilemma of the average crypto investor
Cryptocurrency has become extremely popular amongst individuals who have very little capital to invest and seldom qualify for a brokerage account and therefore, in hope of outsized returns and quick profits, turn to cryptocurrencies. Now, individuals having the opportunity to invest their money is in no way a bad thing, however, the motivation and the lack of logic of the newfound crypto "experts" is.
My point is that people are acting irrationally because of them having an incorrect understanding of how outside factors can influence the crypto space, let me indulge... The elephant in the room for the whole cryptocurrency space is regulation and the lack thereof. Now, when "negative "news about regulation being imposed on the cryptocurrency market come out, it is more than likely that the market is going to drop immediately, which is, in my opinion, the exact opposite of what it should be doing. Regulation is something that is highly needed for the space to grow, as institutional investors, the smart money, are wary of investing in cryptocurrencies for time being, as there is very little certainty about what the future holds. This, however, could all change with some sort of regulation.
The market really has to reassess whether some type of regulation is particularly a bad thing, because it has, contrary to popular opinion, an enormous upside, something that the market, judging by the negative price action of crypto after news mentioning regulation are released.
Fighting the system is not going to lead us to the victory, working together with the system is.