I’m a long term skeptic (but opportunistic trader of BTC) - this level of extreme pessimism on HN has historically preceded rallies. Of course, this time can be different.
I don’t think regulatory crackdown historically precedes rallies, but I’m no finance expert
It certainly didn't for online poker.
You should probably wait until you see how much damage the Feds can actually do to Binance and crypto prices. If they could actually damage Binance enough that it fails that would substantially damage crypto prices. Remains to be seen if they're going to do something toothless again or if they're actually not fucking around this time.
Yeah I always let price action speak. None of us “know”. Agreed that we might have a regime shift.