Why you should invest in the Market Dip and why is everything crashing?

in investment •  7 years ago  (edited)

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Around September and early October, the market took a huge hit after an exchange went down in China. The market quickly recovered and Bitcoin went up to 19k on December 16, 2017. Everything went great....until the Korean Government decided that they need to start cracking down on Cryptocurrency. In return, CoinMarketCap made a fatal mistake of excluding data from the South Korean Exchanges. This created confusion among the investors and they started to sell in a panic. The selling causes a snowball effect and the market continue to dip as of today. There is no doubt in my mind that the market will correct itself just like in November and early December, but time is of the essence. Since the value of your precious coins are so low in value, is this not a good time to reinvest and hold? If the market did recover again, you could easily double and triple your profits! Of course, this is just my speculation and my 2cents. I wish you guys the best of luck and I shall hold my coin till the end of time. Amen.

These are some extra reading and sources. I don't remember my original sources, but I'm sure you can do some digging yourself and see that what I am saying is true.

https://www.reuters.com/article/us-southkorea-bitcoin/uproar-over-crackdown-on-cryptocurrencies-divides-south-korea-idUSKBN1F10YG

https://www.cnbc.com/2017/09/14/bitcoin-is-dropping-right-now-after-a-big-chinese-exchange-said-it-is-closing.html

https://www.express.co.uk/finance/city/902380/ripple-price-why-is-ripple-crashing-xrp-crypto-exchange

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