It's looks like D-Day has just landed on the Crypto market and for those who have invested in its probably should avoid going to your computer for the month.
There were so many recent uncertainty and FOD in the market that investors started to pull out their money and sell off their coins. The only people that is benefiting from this correction it seems are the ones that invested in ICO's for pennies.
However keep in mind that 80% of BTC has been mined and seeing that its now at 11k
its a perfect time to buy the because when there is no more coins to mine then the worth of it will skyrocket.
However Bitconnect site closing down does not help the Crypto market as a sustainable platform and will leave a black stain on the market.
Crypto currency has taken such an unexpected rise that it was bound to correct itself, so don't give into the FOD and hold on to your coins the markets will definitely consolidate and eliminate these questionable Alt-coins that are unrealistic.
I intent to hold on to my investment, it would be unwise if i was to sell them because of the correction of this market.
I think bitcoin will eventually go to 0.
oh ya please explain...
It's slow and expensive to trade.
I guess it is improving now. sbg is gaining though.
https://steemit.com/bitcoin/@mysearchisover/good-news-for-bitcoin
Big whales are trying to control this market. If most of the BTC owners don't want to sell their coins, the best way is to bomb the price so the weak hands will sell their coins cheap and let the big whales pick up these coins affordably. Don't fall into their trap...
When the market dumps like this you need to see how you react emotionally.
If you're scared shitless, you might want to review your risk management.
As i said i am holding stefast to my coins if i sell i will loose too much..i have seen the stock market go on for months..
Pump and dump