Once again 2018 feels so much like 2014 it isn't even funny. Serious Déjà vu in the crypto space. If you haven't heard yet the Winklevoss Twins Bitcoin ETF got rejected by the SEC again. It honestly doesn't surprise me. Yeah we all hoped that it would happen but in the end nothing changes.

Bitcoin went to $20,000 without a Bitcoin ETF so what makes you think it can't go to $40,000 without one?

To be fair the SEC might have a few plausible reasons why they didn't approve an ETF. They feel that they don't have as much oversight over all these exchanges in other parts of the world and that price manipulation could be a real issue with Bitcoin. This could certainly be plausible. It is hard to say how much of the price pumps are from manipulation and how much is people FOMOing all over their keyboards. I personally think it is a combination of the two.

They mystery of Tether is still perplexing to me and when more Tether is printed into existence and then just think every time there is a fork on an airdrop occurs and the market determines it to be worth a certain amount all these people are suddenly in possession of another valuable asset they didn't purchase. So it is like money popping out of thin air.

I'm not saying there isn't a lot of manipulation on the stock, option, and futures market but it would be a plausible thing to think the SEC has more oversight over those markets. With Bitcoin there are a lot of routes in and out they have no control over.

Here is my video from a month ago talking about how 2018 feels like 2014. It is like listening to a broken record talking about the possibility and progress of an ETF, Lightning Network, and whatever other good news there is. I have been hearing this stuff since 2013. Really when it boils down to it a lot of it is the same, just the numbers are getting bigger over time.

POP! How bad do you guys think the sell off will be from this? Do we go back to $6,500?

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