This might become a bit lengthy, but I'll try to keep it short and simple. Also, English is my 3rd language so excuse any errors. A little bit on the market crash in mid January: Bitcoin was at its peak in late December and then plummeted, partly because of that Mt.Gox trustee who sold a lot of the coins. But even $400.000.000 in BTC could not affect and crash the whole market. Yes, there was hype, FOMO (fear of missing out) and FUD (fear, uncertainty, doubt) that drove the price up and down, but this is what led to it. BTC decline started before altcoins. Why? Because that Mt.Gox trustee was not stupid. Sure, he could dump all his BTC and earn some money. But there's a much more profitable way of doing this. He did sell BTC, but not for FIAT, he traded BTC for altcoins. This is why altcoins gained a lot of value once BTC started declining. The amount of BTC Mt.Gox trustee has/had (about $2.1bil, $1.7bil now and $400mil before he sold) is more than enough to manipulate the whole altcoin market because even though he can't buy himself in on the whole altcoin market, that amount of money will drive FOMO and FUD. When you sell alts, you don't actually buy BTC. You earn BTC at the price of that alt. So BTC price stays the same after you dump that alt. It's the alt which lose value. But then you have to dump the BTC you got from selling that alt. So basically, you dump hundreds of millions of BTC and affect its price while driving the alt market up, then you dump the alt market and even further hurt BTC by selling what you got from selling alts. Triple strike against the market, crashing its price and driving FUD into people's hearts, crashing the market even further, while you earn way more money than you would by only trading BTC for FIAT. ---------------------------------------------------------- Bitcoin hitting $100.000 in the near future, and going even higher. Just as Mt.Gox isn't stupid, neither is the West. The western economy system is based on capitalism, pretty much in every developed/semi-developed country in the west. So, why ban something they can get a lot of money from? Yes, there are a lot of people tax evading, this is what governments are going to have a huge focus on in 2018/19. But really,why should they ban it? The western economy is not threatened by crypto, not even close. They see it as an opportunity. Because the money people spend to buy crypto is the money that has already been taxed. So the taxed money will be taxed even more. Tax on tax bitches! China is different. China doesn't want anyone meddling with their economy. It was known well before crypto even existed. China banned crypto and caused a big crash somewhere in September/October. India has also semi-banned crypto, limiting or completely blocking Indian citizens from investing in crypto. This is nearly 3 bilion people locked out, nearly half the world. But more on this later. What happened a few days ago? I'm pretty sure most of you know, but here's a refresher. BTC went from $6800 to $7800 in less than an hour. We're talking $15bil into BTC market cap. And it was not just BTC that went up. The global market went up by $30bil. In less than an hour. This was not hype or FOMO. This was a single rich ass investor going in Bitcoin. And this was not a person. This was a company. Company is the keyword here, regardless if it was IBM or Goldman Sach. I believe it was a huge investment company because companies like IBM would invest into a few tech oriented assets, not Bitcoin and then spread the rest of their investment on altcoins. As more and more companies invest a lot of money in crypto, the popularity and BTC price (lets just focus on BTC here, a lot of altcoins are in the bubble anyway) will go up. Other companies will be forced to act. Either by FUD (already been there, done that, doesn't work) or getting in themselves as rumored lately that big investment companies are looking to get in when BTC price stabilizes. I'm pretty sure most of them understand now that BTC ain't going below $6000 (or let's say $5000 to give a bit of margin, this is how much it costs to mine 1 BTC). This would explain why BTC market went up $15bil at about $6800. Last time BTC dropped to $6000, it went up to $12.000. If this happens again and it will, those $15bil will be worth $30bil. So back to China and India. China has affected the market significantly. At its peak, China accounted for 95% of all BTC trade. Now after the ban it's about 1%. But China doesn't want to ban crypto. China wants to control it. Once the Chinese and Indian government realize what is going on, they will be forced to act. The gates of hell will be open to the second (nearly) half of the world that's locked out, the amount of money surgning in will go ten folds and BTC will break all records and we will see global market cap way above $2trilion. Not this year. Perhaps not even 2019, but it will happen. I do however believe that a lot of altcoins are even now in the bubble and that a lot of them will die. So this $2trilion will be BTC and other popular and serious altcoins. Not the whole market including pumped and junk coins. Invest smart and don't invest the money you can't afford to lose.