Another Crypto Rollercoaster Ride

So here we have it again.  Crazy panic in the crypto world.

I told multiple friends of mine I'm really staying out of the market for a bit, HODLING what I got and just waiting for the dust to settle.

This morning (my time) boxmining comes out with a video about Yunbi exchange rumored to possible shut down in 3 months.  You can watch the youtube video here: https://youtu.be/gMGwMQKJTcc

Funny enough, he starts off that video by saying, "A lot of the FUD is gone and the market can move on".  So it's not a completely negative video, but if you tell me an exchange is going to close that's always a rough sign.

Then an article from zerohedge comes out about JPMorgan Chase CEO - James Dimon bashing bitcoin: http://www.zerohedge.com/news/2017-09-12/bitcoin-tumbles-after-jamie-dimon-calls-it-fraud-would-fire-anyone-trading-it

Oddly enough Dimon actually says that he believes bitcoin could grow to insane levels before it tanks:

" That said, Dimon conceded that he wouldn’t short bitcoin because there’s no telling how high it will go before it collapses, saying that it "could hit $100,000 before it drops."  "

Now we have Suppoman with a youtube video talking about how Charlie Lee from Litecoin is complaining about China banning bitcoin.

Youtube video here if you want to watch it: https://youtu.be/i77VTmn5XGQ

It looks like Charlie Lee deleted the tweets since the video came out so I'm only going to assume it's valid information at the moment and I'll post more about it if I find out more.

Final Thoughts

I mean what is in the water today?  Is it a full moon and Halloween yet!?!

At this very moment bitcoin according to coinmarketcap.com is literally at break even for the day:

China is just about to wake up - It's roughly 6am there right now.

Do they panic and sell of the recent US news?  Or do they HODL?

Either way it feels like it's past "winter is coming" and it's here!

As always, hit me up with your thoughts and comments guys!

You HODLing or Bolting?!

~nX

PS -  Days like today are making me glad I'm just waiting.  This isn't/wasn't meant to be a FUD/negative article, just talking about the current moment.  I believe in Crypto for the long run and strangely enough my portfolio holdings are at some of the highest they've been in awhile!