FUD Keeping the Bears in control of the Crypto-ecomenmy.
FUD continues to push Bitcoin prices down as a sea of red engulfs the market.
- Stared with Coin Market Cap deciding to not take Korean Exchanges into account causing prices to appear lower and cause a dip.
- South Korea- constantly "Considering Regulations and or Taxes", which caused fear and price dips.
- Indian Banks shut down Crypto accounts.
- China continuing to spread rumors with things like mining bans and other rumors.
Everyone, one thing you should all realize that not only is this just going to cause a temporary dip, but much of this is market manipulation so that the government officials can capitalize on knowing what the market will do: https://www.reddit.com/r/Bitcoin/comments/7r7dhz/south_korean_official_sold_bitcoin_before/.
2 things you can do:
- Simply HODL
- Get the word on the FUD early and sell off positions early and look to re-buy when the recovery starts.
I know it is scary to see your portfolio dipping but try not to look at it, this will pass. If you believe in Crypto long term you can remind yourself of its value.
I am not a financial advisor and this is not financial advise, invest at your own risk.
I Saw this video and I wanted to share, interesting view on the Bitcoin Price.
It is getting hard to HODL but we gonna be recognize in the future haha
Just remember, Bitcoin has died many times LMFAO. https://99bitcoins.com/bitcoinobituaries/
Besides it has started a mini recovery again, lets hope it keeps going this time. If we can go 3 days in a row without the far East manipulating the market maybe we can see 15,000 by the end of January and 18k by February end.
Yes FUD is definitely a tactic used to get crypto coins at a much cheaper rate. I can't wait for the market cap to go back to 750 billion dollars. i reward great content keep it up. and follow back
Henny no chaser! love it, okay I am following friend! Thanks for checking me out. Yeah I think we are stable now because we are past the date required for the Bitcoin Futures contract on the big Short. However I think the market cap will really bounce back Feb 16th, after Chinese New Year.