Now the important thing here is to not overreact!
It is "only" BTCCHINA and not BTCC - which operates international and the mining pools are also not affected.
However - it does raise the question: What now?
1.) You could HODL and act as if nothing is happening - I can't tell you what happens, but my guess is that it will recover in some time. Could be weeks or months.
2.) Sell for Tether and buy in again, when you think the downward trend is over.
My opinion is, that it will result in a downwards trend as it only pushes the fear people have in regard to china even further.
What is your opinion?
-Wolf
I wonder where all those people are that denied the possibility of this even though it was clear as day. Will they be held accountable to people's losses when they "HODL"ed and "Buy the dip!"ed ? The same way they want people who are spreading "FUD" to be accountable?
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I don't know but it just shows how unpredictable the market is.
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The market is more immature than unpredictable. People stick to blind faith and their emotions much more than hard facts.
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I like your post..
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This post has received a 24.13 % upvote from @bellyrub thanks to: @therealwolf.
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This post has received a 42.86 % upvote from @buildawhale thanks to: @therealwolf. Send 0.100 or more SBD to @buildawhale with a post link in the memo field to bid on the next vote.
To support our curation initiative, please vote on my owner, @themarkymark, as a Steem Witness
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This post has received a 8.16 % upvote from @booster thanks to: @therealwolf.
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Hey, could you please share your bts address?
You have won Whaleshares meme contest.
https://steemit.com/whaleshares/@libert/whaleshare-meme-contest-last-week-winners-post-your-entries-for-this-week-2017911t115413106z
Edit: I used it on your last post since you already used whaleshares on this post. I hope that's fine.
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@therealwolf Terrific write-up. Certainly This is often truth in each individual state..
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