Bitcoin is now listed at a value of sub 10,000 for the first time since late November!! Some analysts say that the bottom is somewhere around 8,000, but with very little proven research it is hard to trust guesses to where the bottom is going to be. And with China promising to clamp down on cryptocurrency trading as a whole, it is hard to believe that we will see an uptick as we did in the past with full market support. I definitely see a lot of value in some of these alt coins, which have also taken a hit in value, but with a little research in the company linked to the coin, you could not only turn a very nice profit but maybe also feel a little more whole as you support a cause you are interested and invested in.
you got to see for yourself, are you an invester or a daytrader?
if you're an investor you should look carefully to the altcoins you want and his technologie. If you like a coin or token and you want to invest in I would recommend buying it and this nice dip.
as a daytrader this is much more difficult and dangerous.
if you're a daytrader I would hold everything you have untill after all this red. I would recommend resting your portfolio for a while.
but I'm not a professional adviser so you got to see for yourself
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Potential Tether and Bitfinex implosion is what is driving the cryptocurrencies to lose value. It is likely that the past bull run of bitcoin was primarily due to Tether and Bitfinex minting their virtual garbage and injecting it into already inflated market. This is exactly how the Mississippi company bubble happened in France. You ought to be thinking about how to cut your losses.
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