RE: Stellar Lumens (XLM) overnight - don't mention South Korea ;)
I would view this all as a good thing. Actually, I can't believe how jittery people are in the cryptoC investment world. They really shouldn't be here.
But what it does is makes those profitable swings that much more profitable for the disciplined investor.
Supply and demand WILL rule cryptoC value, bulls and bears will only cause the pendulum to swing widely, they cannot and will not be able to influence the actual rise in legitimate crypto currency's' actual worth.
I'm starting to understand the swings now, I wish I had only invested 10% of my portfolio in the beginning so that I could take greater advantage of these corrections.
I would have been all in once again at the bottom of Bitcoin's correction, and estimate that I would have made an additional 20% profit off of the correction yesterday.
The modern wild wild west IS data, and not just crypto currency.
It's information. We're domesticated apes who couldn't have done what we call civilization without first finding script - that gave us an immeasurable advantage over other animals. We have memory that outlasts death, we can educate our offspring... and ten thousand years later, we falter because we haven't either evolved any further, nor really learned anything (ecology is being exterminated in the service of economy, history keeps repeating itself - not what an 'intelligent' life form would do).
And you can see in the news how there's a great movement that adores the smartphne but sees information (vulgo free speech) as oppressive and would like to turn science into a tool that serves emotionality... add the adoration of fundamentalist Islam, which is only contradictory at surface level, and we're headed straight backwards, shrinking away from growing up.
It think it's an instinctive reaction - the human animal doesn't really want to become conscious, and what is happening with data and AI is what will carry us into the next evolutionary stage - if we can stand the pressure... this one of the more interesting prrojects :
https://cointelegraph.com/news/news-business-is-broken-but-blockchain-can-save-it