WHY BEARS ARE EVERY WHERE IN THE CRYTPOMARKET AND WHAT TO DO WHILE WAITING FOR THE BULLS TO HIT.

in #cryptocurrency7 years ago

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It is no longer news that the for the past two to three weeks, the cryptocurrency market has been experiencing fall out in price and rate, most especially for the so called "king of crypto"- BITCOIN, and which in turn has a ripple effect on the alternate coins nicknamed #altcoins, which includes the likes of ripple, xvg, bch, adx, lsk etc.
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Traders that specialise in day trading on exchanges such as bittrex, binance etc have been recording losses since the beginning of the "dark cloud", and it has been forcing whales(the big boys in the market) to reconsider their stance in the market, most traders who swore to hodl are now feeling the heat of the FUD, and it now seem as if the whole cryptoworld is coming to an end.... But wait, it is not ask me why?
The whole negative sceneraio started few days ago when the south korean govt made an announcement that they are gonna take heavy regulations on bitcoin and some other cryptocurrencies,the most recent negative announcement was made by the indian prime minister yesterday, that the indian govt have plans to eliminate use of digital currencies for payment purposes.
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However Oliver von Landsberg-Sadie, founder of cryptocurrency exchange BitcoinBro, has argued that bitcoin is currently just experiencing “growing pains” and actually welcomes further regulation in South Korea. In another blow for bitcoin, social media giant Facebook will soon ban adverts that promote cryptocurrencies. Facebook product mgt director Rob learthern said ,there are many companies who are advertising binary options, ICOs and cryptocurrencies that are not currently operating in good faith.” hence the need for the regulation.
To make matters worse, the the security of cryptos was called into question last week after £380million worth of NEM was stolen by hackers who targeted the popular Coincheck exchange.
But i will conclude with a common saying in the cryptoworld that when others see fear, smart traders see the future in faith... Guys hodl in faith,the bears are currently on the field but worry a little because the
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#bulls are coming from behind and they will hit the bears hard ....My advice buy BTC, BCH, ETH,STEEM now and you will be glad you did....

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Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BCHBitcoin Cash1087.290$-20.93%-30.99%
BTCBitcoin8175.790$-14.51%-25.08%
ETHEthereum847.406$-23.87%-18.26%
STEEMSteem3.585$-31.09%-39.83%
XEMNEM0.490$-31.62%-41.18%

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