Hello Steemit Community
I though doing this post to express my opinion where the market is and will be in a few years/months...
This year bitcoin made impressive new highs and alot of money entering the market, we went from a 17.5billion market in the start of the year and got a peak in 17.9billions, that is impressive and im not expert in markets but when something go insanely up they need to go down to get correction.
In my opinion this crashes is market correction with the china FUD (that is becoming true everyday) and a bit of the usually bankers calling bitcoin a fraud because they fear is power.
Why you dont need to worry?
This is very bad for short term, alot of new people that invest in the bull market seeing their investment going down and they panic selling but this is very good long term, why?
China is not banning exchanges, they are regulating it, this is very good because creates a safer environment so people can invest in real exchanges and don't get scammed.
Bankers keep trying to spread FUD because they acknowledge the real power of bitcoin and blockchain technologies and they know it can disrupt the banking system.
This is a real test for bitcoin and the cryptocurrency market, "what doesn't kill you make you stronger"
We see everyday ATMs and big corporations investing and developing bitcoin and blockchain technology and this is a good time to invest because of the cheap price.
My advice?
If you have allready bitcoins or other altcoins just hold, they will rise to new highs, if you still don't have any bitcoins or altcoins and you want to invest this is the perfect time to invest, maybe wait for a bit more cheaper price :)
What you guys think?
If you like this post or have something to say or ask, please upvote, follow and comment :D
Unless I see a direct , unambiguous statement from the PBoC on exchanges, I consider everything to be FUD. Today's BTCC statement on shutting down could be just a preemptive move due to uncertainty.
It's crazy how much FUD has been spread over the last few days.
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Im still waiting for official news and all points to China regulating the exchanges
Thanks for the opinion
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I completely agree with you. Great post!
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Thanks
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i love this cartoon
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Hopefully they will rise sooner than later! It's always hard to see your profits vaporize and your portfolio get in the red numbers but I'm in it for the long run!
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Actually - slow and steady would be much preferred - rapid growth is never healthy for the long run. Lets stop this rollercoaster when the weak hands are gone :)
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Very good point! Things that has a massive up run can't support all the rise
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good advise
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Yeah, its important to not get caught to emotions, one tip: if you blockfolio, remove holdings and you will not see the portfolio going down everyday ;)
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I'm still HODLing my crypto! Especially when I discovered this news regarding Bitcoin.. all indications point to HODL if I interpret correctly: https://steemit.com/cryptocurrency/@pandorasbox/bitcoin-will-be-fine-applying-tasseographic-analysis-to-predict-the-bitcoin-charts-very-positive-outlook-proof-inside
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Is the best thing we can do is to hold our coins :)
Thanks for the comment, im gonna check up your post
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I appreciate your optimism. I'm not worried about this its just all part of the ride
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The ones that think like us will succeed, strong hands
Thanks for the comment
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@johnycrypto Intriguing put up - many thanks . Have to be terrifying to own this issue. Resteemed.
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Thanks for the resteemed and opinion
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This post has received a 13.79 % upvote from @bellyrub thanks to: @johnycrypto.
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by JohnyCrypto from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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@johnycrypto got you a $1.72 @minnowbooster upgoat, nice! (Image: pixabay.com)
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