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RE: Over $100 billion wiped off global cryptocurrency market in 24 hours

in #bitcoin7 years ago

Weak hands and FUD is never a good combination. If someone doesn't understand the technology of the coin that they are investing in, they should get out of crypto RIGHT AWAY. To quote a Redditor that goes by the name Sendmybar:

When you panic sell at times like this you are offloading your crypto to people who are very aware that the market will swing back up. Institutional money was never going to jump into crypto at the ATH and make all is little guys rich in the process, that not what they do.

Just keep calm, and HODL. We're in this for the long run, not for short-term "Lambo/Moon" gains.

Furthermore, the SEC has good news for cryptocurrency traders - they support cryptocurrencies! Feel free to check out the article that I wrote about it here:

https://steemit.com/bitcoin/@stevensteel/the-dip-is-almost-over-sec-chairman-s-positive-stance-on-cryptocurrencies-revealed-in-written-testimony-before-tomorrow-s-joint