Perhaps the 20% retrace was enough for now, and the bull market can resume its impetus to the upside. Some might have been expecting a dip of at least 30%, but the market will do whatever it wants to and traders have to adapt to this. That being said, long term investors can just sit tight and ignore all this shorter time noise. Probably comfortable in the knowledge that their money is put to far better use in bitcoin than in the bank.
Bitcoin is destroying the banks
Shame on the likes of Jamie Dimon, CEO of J P Morgan, the largest of the US banks, who is always trying to warn the public off of buying bitcoin with his ignorant and pitiful statements on the subject
A bitcoin investment puts banks to shame. No other investment in financial history has been as good as this, and to see people in such a position of power trying to stop common people from accessing an asset class that can protect and increase their purchasing power, is to witness an evil act.
