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I read this CNN article about two crypto exchanges in India ceasing trading because they fear their government will soon regulate the industry.
Here is a link to the article:
http://money.cnn.com/2018/03/05/technology/btcxindia-ethexindia-cryptocurrency-exchanges-stop-trading/index.html
Source: money.cnn.com
If I were using these exchanges I would be upset that they ceased trading when they have not been ordered to do so. They are just acting on FUD. I expect traders to act on FUD but not exchanges. I do not believe this FUD will have a large impact on the crypto market as we have all known that government regulation could happen at anytime.
My advice to everyone is not to act on FUD. You should not sell because of FUD, just like you should not buy because of FOMO. Instead you should make intelligent decisions based on what you believe will happen in the long term. It's easier to make long term decisions rather than catching short term trends. No one can deny that blockchain technology will change the world in the long run. Social media's popularity is also undeniable. This is why I invested in Steem as I believe it's popularity will increase in the long term leading the price to increase as well.
Thanks for reading. Don't listen to the FUD!
unfortunately, i think lots of policy decisions are based on FUD (had to google this btw - fear, uncertainty and doubt) these days.
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nice post will you read my post its so small it will take just minute thanks
https://steemit.com/blockchain/@rayhanazad/electroneum-mining-is-alive
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nice post thanks for sharing this informative post
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