Do not believe the news right now, they are totally misreporting! What happened, happened because of users faults, nothing else!
First of all, ANY regulation news is GOOD! don't see this as bad.
Also, don't just read headlines and FOMO, actually read the entire article and think about what it means.
Example: Japan announced it would take action against exchanges that do NOT comply with basic financial and anti- money laundering rules.... Why the F would that be bad?!
That's not the reason that we dipped. That GOOD NEWS!
Still, media is saying it is one of the reasons we dipped. No!
NEXT!
SEC releases press release stating an exchange must be SEC compliant.. AGAIN, a good thing?!
We are putting trust in parties that can basically F-off with our money any time they want! And you think it would be bad having that regulated?! :D
Hate it or love it. Regulation is coming!
I CANT WAIT! u know why? once basic regulation is in place, we will see real investment money come in. Mark my words..
NEXT!
Whales sell 400 MM in btc!
Again. FUCK YOU NEWS.. This will only make people panic sell, hit stop losses and fuck up the market again. This is not true!
Over the course of two months now. Mt. Gox btc and B-cash (pun intended ;) ) Got sold. So this didn't all happen yesterday. No whales been dumping!
Its been an ongoing process as stated and has been being sold at the highest possible price according to the trustee of the Mt. Gox Fund.
Nothing happened!
NEXT!
BINANCE GOT HACKED! NO!!
Again. Misleading news what made me look at my account as well to check if everything was Ok.
But because i take more than basic measures to make sure my crypto assets stay safe, everything was all right. ( and i only have 1% of my assets on an exchange)
Face it: YOU and only YOU are responsible for your own assets. That is crypto! So make sure u learn about basic security stuff.
Binance wasn't hacked. Users did stupid stuff and got phished because they are stupid enough to GOOGLE and click on advertisements to log in.. Really!?
Basic advice
DON'T HOLD ANY FUNDS IN AN EXCHANGE that you are not willing to lose!
Thank GOD the ethos wallet will come out soon..
NEVER EVER GOOGLE ANYTHING YOU LOG IN TO!!! AND NEVER EVER click advertisements or links to log in to.
Bookmark your pages after you checked them and use that to log in to. Than use a password manager to auto-fill in your credentials. This way u know u are on a phishing page if you go to binance and it doesn't fill in your credentials.
Allways use 2Fa and use ip-whitelisting and/or email confirmation if possible. This won't protect you fully, but it helps!
Hackers are way smarter than 90% of the people out there and target people who don't take basic steps and fall for phishing easily. Don't be a target!
Oh, and thank Binance for halting all those trade immediately. Not 1 Satoshi left their exchange yesterday because of their security measures. And all those trades will be reversed.
Go thank them now if you were affected.. Say sorry and promise you will take basic security measures!
Read news carefully, don't believe everything they say
Never FOMO or FUD
Embrace regulation. Crypto won't be banned only regulated. EMBRACE !
Let's all move to a mature market and enjoy all the benefits crypto has to offer
PEACE!