Dear fellow cryptofreaks,
Today is a very bearish day in a very bearish week. For this reason I want to start a little discussion about it. I want to know what are your thoughts about the present crash? Does it have anything to do with the Chinese government trying to ban crypto's more or do you think it is just a healthy trend (see first article link)?
https://www.coindesk.com/pboc-official-calls-for-wider-ban-on-chinese-crypto-trading-report/
I believe that it is just a normal trend, because if you check the charts of past years you will see the same trend in this time of the year (see image below).
My advise is: Do not panic sell now! Hold your crypto's and try to figure out which coin crash least hard so you can minimise your loss. (I would recommend: ADA, ZCL and XRB for the next couple weeks like @elpompador)
If you like this kind of posts and discussions please follow me. I will always follow back.
Ahoy!
No worry ...This is January effect for Crypto. It happened every year in January. Once jan is over..it will be a super bull to 10-20 x the lowest price. Hold if you have bought earlier. Buy if you have money to buy.
I agree - find what sustains best and use that to buy the sales. I believe ZCL would hold better than others (like ETH).