Panic II
I came in to work this morning and they all asked me if I had any sleep last night. I said sure why not? Well, said my co-worker, with Ripple crashing and all?
No not another idiot I thought to myself.
People once and for all: yes Ripple is crashing and yes that is explainable and no it is not the end of the world and yes Ripple will come back!
There are 3 main reasons why ripple has been ‘crashing’ First those idiots of coinmarketcap simply dropped all Korean exchanges from the overall ripple price. Fine if they do, but communicate it to the rest world so not all hell breaks loose.
Together the regulations on crypto that Korea issued. (All crypto’s are taking a beating at this moment.)
Then the announcement from coinbase that they will not accept any news crypto’s any time soon. They might , they might not. (personally I believe Ripple will be on coinbase simply because they cannot afford not to have Ripple there.)
And lastly the share amount of FUD that has been created by competitors.
A lot of lies are being told about Ripple.
So don’t worry, Ripple will still be big and strong. Just HODL.
Nic ward
Crashing is also the wrong word, to be honest... More like Bearish. Crashing means you're done for, dead, deceased, never coming back. But a bear can still turn into a bull :-D
Aslo: the Korean government never said they would ban cryptos (they'd be really stupid if they did because it is one of Koreas biggest upcoming market). No, what they said was they were thinking of banning/regulating the exchanges. Which in my eyes is not such a strange idea. It will take a lot of volatility out of the market and portray the value of blockchain companies more realistically.