Blood Red Market! Don't Let Them Get You While You're Down!
Remember I am NOT your financial advisor! Take what I say with a grain of salt and always do your own research!
Bitcoin, Litecoin you name it(Yes even Neo!), all altcoins took a hit this past 2-3 days. Now more then ever if it's time to buy if you want to strengthen your position in a coin or get in a coin that you know is sure to come up with the dip. Now's not the time to turn tail and run. Don't sell when the whole market's in the red. BUY BUY BUY. If you can count on one thing you can rest assured everyone invested is down. Almost all coins are in under right now. That's an opportunity. This is a moment where you can come in on the cheap! Billions of dollars have been sucked out of the market, overnight! This is a carefully timed pullback and obviously the work of, you guessed it:
Whales. Not just one, this was a very organized move by large financial institutions and whales. The strategy is that by selling on such a massive and destructive level weak hands are compelled en masse due to fear uncertainty and doubt(FUD) allowing the big guys to come and scoop up the profits as they come right back in again and take a massive amount coins to boot many times securing an even greater position in the market! It's this level of market manipulation that makes whales so dangerous and unpredictable. Only one thing can neutralize the whale's potential damage of which day traders are helpless against. You have to HODL your coins for dear life! Hodl for a month, two months if possible. Ride this wave out and let it be. It's temporary.
It doesn't help that Mike Bell threw a FUD bomb(Fear, uncertainty, and doubt) on the news saying the government could ban cryptocurrencies:
This is complete bull being spouted as it's impossible to ban cryptocurrencies! if it were possible the government would have done it years ago. You simply can not ban the blockchain and in its decentralized state. Mind you he works for Jamie Dimon CEO of JP Morgan guy that said Bitcoin is a scam! And it's important to note, this has happened before, each year like clockwork, a pullback has occurred for the last 3-4 years around early/mid-January.
Hodl your coins guys! Don't let the whales and the Wallstreet guys fool you into selling your investments cheap! We can ride this wave together and back out on top!
For advice on starting in cryptocurrency investing read my guide:
10 Steps To Invest In Crypto Like A Boss
Stay tuned for more Crypto News, Crypto Guides and My Crypto Picks!
Big conspiracy. All red in same time is not COINcidence!
This post has received gratitude of 0.79 % from @appreciator thanks to: @pedrob.
I pray we survive this fall, I think Bitcoin is dragging the whole market down with it, it's just pathetic what people with great power do to get more money.
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“Be fearful when others are greedy and greedy when others are fearful.”
― Warren Buffett
"Buy when there's blood in the streets, even if the blood is your own."
― Baron Rothschild
BTFD!
and
HODL HODL HODL
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