https://ibb.co/j8FUZ6

Yesterday I panicked a bit to see that all my coins were falling (and still are) like hot knife cutting butter. Then I searched of what caused the sell off and I found few answers that calmed me down.

I would like to share some of that answers with you too (in case you didn´t know it yet):

1. China is planning to re-banning Crypto (AGAIN!!)

Over the last summer we heard news that China banning all Bitcoin trading, then they wanted to ban Bitcoin mining, and now they are want to ban peer to peer trading. It looks bad isn´t it? However, the beauty of Bitcoin and cryptocurrencies are, there is no centralized entities that govt can curb (so to say). So in my opinion, this ban will just shift the market from hostile environment toward more friendly ones (like Japan, Switzerland, etc).

And Moreover, China has tried to banned Bitcoin since 2013!! and nothing works..

2. South Korea is planning to shut down cryptocurrency trading

This rumor probably one of the biggest reason of market sell off right now. And after doing some research, I found that there has been a misunderstanding and the South Korean govt has tried to rectify this by saying they are not planning to ban trading, rather than a rule for people NOT to have an anonymous cryptocurrency account. And this is already happening in almost every exchanges that requires KYC (Know Your Customer) and AML (Anti Money Laundering) for every person opening an account. So there is no reason to be worry about!!

3. German Minister in German Central Bank calling for a global regulatory cooperation for Cryptocurrency

Although this sound very scary, but the reality is this is just a wish that is almost impossible to be realized. Why? you say, well take a look at more serious issue like Climate Change (Paris Accord). After all these years of negotiating, the US has pulled out from the Accord and created chaos in global scene. Another example, the global governments are helpless in solving Palestinian-Israel conflicts. Last example, they can´t even agree on global cooperations on anti-terrorism efforts.

To think that they suddenly can gather together to regulate Crypto is kinda ludicrus, right?

SO to sum up, use this events as a buying opportunity and relax!! try to detach yourself from the screen, spend more time with your family and connect with your neighbours and friends or focus more on your hobby outside crypto and you will see this will pass...

I hope that can explain a bit, and I want to know your thoughts...share it with me below