The most prolific investor in the world, Warren Buffet, says you should buy when others are selling! WOW, what a great opportunity now to be buying your favorite cryptocurrency. Let not your heart be troubled, it's time to load up!
Contrary to the concerns expressed in the below article by Blackrock chief strategist Richard Turnill, it's a great opportunity to increase your crypto portfolio.
"The chief investment strategist for the world's biggest asset manager expressed caution about the state of the cryptocurrency market in new comments to reporters.BlackRock chief strategist Richard Turnill spoke after the firm – which manages more than $5tn in assets as of the end of March – released its mid-year investment outlook for 2017. While that report doesn't contain any analysis of the cryptocurrency market or the firm's predictions for its development, Turnill offered his take on the market today.According to Reuters, Turnill, in reference to the state of the cryptocurrency market, remarked: "I look at the charts, and to me that looks pretty scary."Cryptocurrency markets have seen significant declines in recent days, with the price of ether, the cryptocurrency of the ethereum network, dropping below the $200 mark for the first time since the end of May.In remarks, Turnill also said that, in his view, the market wouldn't pose any risks to the broader financial market in the event of a steeper sell-off."There's no evidence that if that price went to zero tomorrow that there'd be any broader financial implication over time, but to me it is example of where you're getting some big price movements in the market," he said."
SOURCE: Coindesk
Follow me at @cryptomanna007.
Just a little unstable is all! It'll clear up
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http://www.coindesk.com/blackrock-strategist-cryptocurrency-market-charts-look-pretty-scary/
This story line works until cryptos adopt ties to the production tangible goods and services. The backbone of cryptos ultimately destroys resources. Maybe even in massive amounts across the globe. In a situation where no energy is available the Crypto fail. A gold coin might save your life after and emp you cryptos might have value after the lights are turned back on. Diversify and own all asset classes, including cryptos and rebalance as bubbles rise and fall.
Be safe and prosper
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