If you are not invested in Crypto....
Today is your lucky day!
Crypto currency is on sale!!! EVERY SINGLE ONE!
Get your Bitcoin, Tron, Verge, and Ripple at a discounted price today!. Apparently every single year the alt coin market takes a fat hit around this time. Check out the one year chart:
Source: economiccalendar.com
This was the same trend for early 2016 and so on. So there is no reason to panic sell if you are already holding!
This is a volatile market and if you are not ok with losing half your investment overnight, than you are putting your money in the wrong place. I am no expert, so please do your research before making ANY investments.... but as I said before . Its time to buy and hodl'
Annual Chinese New year sell off. Chinese Lunar New Year is 16th February and the Chinese visit families and spend cash on gifts and travel and will by tradition be generous so you see the heavy conversion of retail style investments into fiat currency to buy presents and celebrate with family. January is often a quiet month for business in Asia, and this is every year and Asia is where much of the crypto trading volume is. Prices for crypto should be low until the week of 16th Feb and a good time to consider taking advantage of lower prices and the rise in values should happen after mid to late February. :) Hold/ buy
That definitely explains it. I see a lot of fud on the internet about other countries but it is what it is. I know a ton of these companies have bright futures, so there is nothing to worry about.
This post has received a 0.75 % upvote from @drotto thanks to: @johnroomusic.
2.06% @pushup from @johnroomusic
@originalworks