The market is very red today, bitcoin has fallen through the 4000 dollar level and into the high 3000s, with many altcoins following a similar pattern. The drop in the overall Crypto currency market cap has dropped because of the metric tonne of fud that fell upon Crypto about Chinese exchanges supposedly closing down. More fuel was added to the fire when James Dimon called Bitcoin a "fraud", which we all know isn't true, but he said it anyway. He is probably filling his bags when the market took a huge dump after his statement.
My personal Opinion? Banks and Stock investors are scared. They know that Bitcoin and crypto is legit and they are scared that crypto might take over the financial system and many other systems using block chain technology. Such as decentralised cloud storage etc. My opinion on China supposedly banning the trading of bitcoin? False. It will not happen because the Chinese government do not want to miss out of this, Unless they want to stay in this age and not progress. Block chain technology will be implemented everywhere whether we like it or not, because it assures us the systems are fair and there isn't a person or organisation pulling the strings behind the largest markets in the world.
The market has taken a big dip. Bitcoin is under 4000 dollars:
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This has lead the top 14 tumbling with it.
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Lots of red. Means that you buy. Simple. Then you sell green. Even simpler.
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Think I'm going to wait and see. I completely agree with your position....I just want to buy when it's "redder."
If it drops and makes it worth my while, I'm down. If not, still happy where I'm at. But I think we may have one or two more down, up a bit, then down a bunch before it stabilizes and begins steady upward movement.
Good idea, It will probably dip further than this. Trying to get the most bang for your buckaroos.
I hope that the Chinese will be allowed to trade indeed. Some regulations are probably needed, but never a complete ban. That will set back the investors but also China itself. Currently it has a leading position in crypto markets. Would be stupid to loose that!
Completely Agree.
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Yes indeed time to buy and keep.
Bitcoin and Alt Coins disappearing is like saying the charcoal will be more precious than gold. It's just not possible specially when people are getting more interested about it.