The market responds to Chinese regulations. Are we through the storm?!
Yesterday the market too a huge blow when the Chinese government issued a ban on all crypto ICO's making them actually illegal. Since the issuance the market has lost 10's of Billions and some projects like NEO have fallen over 30%
Today the market has had a nice recovery but I'm not so sure that the storms over yet...
China has mentioned that this ban is just the tip of the iceberg.
I believe the key to surviving this storm is to stay focused on the future. The masses have yet to even get into the market. Some of these projects are at such a fraction of the price they will be in the near future.
China has taken the first shot at seeing how strict regulation will effect the market. I predict that it will have little to no effect.
We are (the crypto community) so much more powerful than the centralized "powers that be"
Much is also going on with nature. Earthquakes in Idaho, destructive hurricanes and flooding all over the world.
Be safe out there. Our hearts are with you all.
Gary G.
Long term thinking is ket indeed. Also hurricane Irma is scaled up to 5. It will hit Saba and Sint Maarten in a few hours. Lets hope nobidy will get hurt badly. Nature is performing her skills once again.
I couldn't agree more! Long term thinking is the key to winning in any investment. My prayers are definitely with all those on the east coast.