The news that rocked the whole Cryptocurrency market into a "crash" .
"China is banning ICOs. "
Oh no ! Hide your wife and kids ! Burn your Ledger Nano S ! The market is crashing !! Our creed is in disarray !!
But is it?
This is not the first time when China bans Crypto.
Yes, sure Bitcoin crashed for a year or so.
But for us hodlers, it doesn't matter.
If you have faith in the tech then why are you so worked up about the price in the short term?
If you've invested in S&P 500 at its peak in year 2000 and it "crashed"
And you held on till now you'll still be making 60% in profit.
Just a food for thoughts.
It's a simple bet that humans will always progress not deteriorate.
Amazon "crashed" from 100 to 8. Now it is worth 900+
Investing is not going about generating a quick few bucks.
Patience is key. Not just in life but in investing as well.
But hey don't take my words for it. Listen to one of the greats.
"The stock market is a device for transferring money from the impatient to the patient."
P.s : I'm currently working on a project called FundersToken.
FundersToken is a business augmentation tool that allow businesses to issue their own token and bring their business to the blockchain environment with ease.
We are invited to the ICO summit that will be held in Zurich this mid of September and would really appreciate it if you could follow us on Twitter ;)
Our Twitter : https://twitter.com/FundersToken
China and North Korea are playing with the market. I bet they are buying right now. I invested in cripto currency (not much) and my only regret is not to have more $ to buy more right now. China Delaying icos is actually a huge oportunity for people to get in. sory for bad london
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Agreed. They understand that in the long run this will do more good than harm
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