ye i think that they will not ban and if they ban some exchanges , decentralised one like bitshares is the way to go :)
I just hope in china will not be a rule like ; chinese people only can use chinese crypto exchanger.(controlled by government )
Another red day nothing new :) in this day people sell a lot and who is calm buy a lot :)
banning sometimes isnt that easy economically. F.E. when big mining farms, pay 2million dollars to the electricity factory. A lot of people benefit from cryptos in different ways, its not black and white area
Exactly. Morons sell whilst the sensible people buy coins at a discount. The funny thing is the morons never seem to change this behaviour.
Its probably just them starting it off causing a chainreaction of morons to dump. Noticed the first big sell off had happened ok OKCoin and then within a minute the rest of exchanges followed.
What's annoying is the chainreaction in all coins, you'd think btc losing value the others would stay or even grow in btc value while its happening. It feels like an co-ordinated attack not to let anyone profit by switching to alts except tether.
problem is altcoins are exchanges with btc mostly and some to etherium, so if bitcoin drop they drop too, we need more exchange pairs like altcoin to altocoin not to btc, so then this swings not be so huge to altcoins.
You can divert ressourced into smaller no name coins, but that does not help you and exposes you to volatility.
You'll just have to endure the manipulaiton because the big player (BTC, ETH etc.) will be the target of the manipulators.
However, you should appreciate that you are not falling into the trap (that is selling out of FUD aka fear, uncertainty, doubt).
According to the Pareto distribution that already makes you better than 80% of investors so cheers to you :D
Exactly. It is very suspicious - sad that people fall for it and not just once they keep getting suckered.
Yes....Making mistakes or being fooled once is part of life.....Being subject to it again and again is unconscious stupidity.
Exactly.
that is why I thank god daily for giving me a brain capable of independent thought.
some people call me paranoid, but at least I don't panic as soon as someone screams the sky is falling because I already expected something worse than that and can keep my cool :P
Being skeptical is not paranoia it is common sense.
Yeah, it's sad.
I think people get suckered again and again because they believe the world is a bad place, though it actually is awesome.
If you believe that everything is bad it disempowers you and you end up not fighting and thus lose by default
Actually the world is neither good nor bad. Believing it is consistently one or the other is where people make the mistake as it leads to false assumptions.
I disagree with you: the world is only good.
All bad is derived from false assumptions and behavior in accordance to those false assumptions.
It is exactly as the Bible states: Satan was a liar from the beginning.
Everytime you do something bad, or somebody else does, they do it because they act on one of Satan's lies (misconceptions of the world). In a sense it's the result of ignorance, if you had perfect knowledge of the world, there would be no bad.
Hence, my people shall perish for lack of knowledge, etc.
I disagree with that.
Organised religion is fairy stories for adults. There is no Satan. It is a lie that lets people shirk responsibility for their own actions.
Makes my point.
There is no such thing as perfect knowledge of anything.
There is no "my people" - these kind of lies are responsible for countless deaths and wrong doing.
I think its a more sort of rumour to fell the crypto market.....and likely for panic sellings......crypto is life
And you can never go bust betting that morons will be morons.
Lol yes. Someone should start a moron tracking index. The returns would be insane.
You could pretty much take the mainstream advice and just bet against that like The Big Short guys and many others did. I too made a killing profit on Aug 1st dumping my BTC instead of BCH.
Generally, that is a smart idea.
And it works. Especially in market extremes. Now we are looking at celebrities promoting Bitcoin. With the weak fundamentals it has, BTC is a pure bubble. Blockchain has great future but Buttcoin does not.
Still I think BTC will have its reign for few more months. It's not like it can get bankrupt like stocks.
Well, they would not be morons if they behaved intelligently. That is kinda the point of the word moron. So...
It's just that they do not have enough information and do not think.
I never invest money I cannot spare, some people, however, do so and then I can understand that you would worry quickly and sell immediately if you hear something bad to prevent losing everything.
But that is obviously the wrong approach to investing.
Yes.
Keep calm and hold btc until "green" again !!
I think its a more sort of rumour to fell the crypto market.....and likely for panic sellings......crypto is life