CRYPTO CORRECTION / PULLBACK - IT CAME EARLIER THAN I THOUGHT!(That's what she said)
Just a short post.
As mentioned in my last post a strong correction was predicted for the month of September. I didn't however think it would come so soon, which is most likely attributed to the news surrounding China's supposed shut down (which is incorrect) of exchanges and the vomit that disgorged out of Jamie Dimons (JP Morgan CEO) communicative orifice.
Once again Steemian crypto investors I'd use this as an opportunity to buy in the market during this correction and increase your portfolio exposure. Power up your STEEMIT account with cheap STEEM or perhaps buy in on a crypto that seemed a bit out of reach only a few days ago. The point being to get in while it lasts - you may never see these prices as low as they currently are once the market has adjusted accordingly.
Personally I will be looking at increasing my exposure in the following cyrpto as well as accumulating in those I already have :
But as always do not use this as a definitive source of information when making your investment decisions. Do your research and keep your emotions in check and you'll be O.K.
Donations/Tips:
Bitcoin: 1PKWoBu1c1wSCuMnPW6ZreLKScRs2WTQvT
Litecoin: LYFvxpgb4j7SYZZp2DQY8xTREtRrA4qEWA
Join steem follower here and help out the minnow community:
https://steemfollower.com/?r=1618
September 1 started the sell-off and it was immediately after BitCoin shot up to $5,000, but the first drop stabilized at around $4,500.... if I remember correctly.
After that it was the China ICO-news, which wasn't flat-out lies but it was very overblown by very bad writers who took it and embellished it to get website traffic.... suddenly it turned into "China Is Shutting down crypto."
That's when crypto started showing an aggressive sell-off in ALL markets - and more-so in the Asian coins and those built on ICOs.
Then China's fake news-industry saw how much webt-traffic they can get off Crypto FUD.. so they began releasing all-out-crazy stuff.
Then The Wall Street Journal used Google-translate to read and report on one of these fake-news articles and Crypto was officially on a major sell-off.
Now... JP Morgan and the people who destroyed the economy in 2008 and many years prior have something to say.... These people caused many thousands of Americans to lose their jobs and homes... Who gives a damn what they say?
Ya know why they're doing this?
More and more investors were, and still are, looking into making at-least some of their portfolio include crypto... and it's more and more as old investors die off and young investors come in.
With more going into Crypto - less is going into Wall Street and they're panicking about it.
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