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RE: Bitcoin due for a pullback, but Institutions will buy the dip

Well, there are two scenarios:

  1. Bitcoin continues to go up and up and up as we see adoption.

  2. Bitcoin goes to zero.
    meaning, better have food, and a greenhouse, and guns.
    Be prepared to live without electricity. Be a long way away from the big cities.

Being prepared for #1 is easy, buy as much crypto as you can afford. You're set.
Being prepared for #2 is harder, but well worth it... because you can always eat food.

So, be prepared.
I am waiting for use cases for litecoin and digibyte.
Being used to buy online goods easier than using a CC.
Then, these little dips of $1,000 will seem like nothing.

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The neat thing is that you can prepare for both. :)

Though technically I don't think those are the only options. There is a possibility that governments around the world regulate bitcoin to the point it loses it's purpose. At that point the price of bitcoin would plummet.

i actually believe that will be the best outcome for bitcoin.
No govern-cement has ever stomped out the black market.

And if bitcoin was forced to go underground, its price might be $0 in dollars,
but it would have to be set to how many lambos it could buy.

(and yes, i suggest preparing for both :-)