All this crazy period started off in mid December with the Coinbase insider trading episode and continued with all BCASH guys shit talking about BTC and confusing newcomers, CoinMarketCap trolling everybody by taking out three mayor Korean exchanges without previous announcement which triggered an actual panic selling, Coincheck biggest hack in History, Tether subpoena, Bitconnect class suit and all kinds of FUD going on from threats of crypto trading ban in South Korea, fake news speaking about India making cryptocurrencies illegal and China FUD recycling.
But yesterday was a different day. The U.S Senate hearing was nothing but positive to the crypto community. We all were watching closely at it weighing in and out each spoken word. The aftermath was positive having the market recovering for a market long taken by the bears. It couldn't come soon enough at this point. Also there were other positive news from Coinbase finally integrating Segwit, lightning network improving exponentially, Samsung opened for mining business, BTRASH dying, Robinhood 0 fees trading, Bittrex planning to add fiat and much more.
Too many things happening in too little time. I have no doubt that in the end of the day this will not be a bad thing for the market but all the contrary, we will end up being stronger than ever before. There was an insane hype until the market crashed, too high too fast. This shakeout is healthy in the way that we needed to get rid of weak hands. We have many newcomers which is great but we need hodlers. Sure next time people will listen to die hard hodlers instead of panic selling.
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