Asia is a curse and a blessing.
A blessing bc it is a huge opportunity for Bitcoin.
A curse, bc at the moment, almost every time I go to bed and wake up, it's a freaking bloodbath on the alts and btc.
EVERY day... daytime in Asia means crazy volatility and "anything can happen".
Look, even again today... what the F !!?!
On the long run, it will hurt the crypto markets.
What are you talking about? For your information there is no Asian Altcoin market and even if there is the price won't be that much of a different compared to the global market. Additionally isn't being in a blood bath a good thing? This signifies a good opportunity to buy Bitcoin and other cryptocurrency at a low price, even you have said that it is a big opportunity why not take advantage of it all?
You seem to take it too personal.
It's a known fact on the markets that Asia is a more volatile place. It is cultural: gambling is more accepted, as well as risk taking, but failure is also less accepted, that generates more volatility down as sellers "panic" more.
It is the way it is. Same thing as Latin people in europe (Fr, It, Sp) are more ... "latin" than the anglo-saxon ones (De, Uk, Nl, etc...)
That said, this setback on the BTC prise is a good thing. BTC still has the end of the year to readh $5,000 organically.
But, the order of magnitude for this correction is not healthy. It generates a shockwave and oscillations that shows that, even for BTC, the crypto market is not mature yet.