Crypto Lemmings

in bitcoin •  2 years ago  (edited)

China freezes ICOs to work on regulation for ICOs (which is a necessary step not only in China). This is affecting NEO and maybe Ethereum. But no need to sell coins like Steem, LTC, SIA, BTC a.s.o..

However Crypto has always been a 'Lemmings' market. This means selling (like today and tomorrow I guess) as buying in good times :).

So the exciting moment is at which market cap the trend is going to change ... is it 70 Bn - (a total Desaster like in July?) or 120 Bn (my guess). And how long does it take until 170bn again? Which coin will be the big winners, which the big losers due to reallocation ....

However, don't be to sad - it might be to late to sell - so just hodl and enjoy you days anyway.

Some tweets from today:

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Why would you sell now... This is the time to buy! :)

lets see how things will go now !!

@alexpfeiffer,
ICO regulation is a good thing and yeah we can enjoy BTC, LTC and few other legitimate coin up tends soon!

Cheers~

it is goi,ng up pretty good already :)

time to buy!

so, just a little dip :-)
i guess @cleverbot kept a cool head...

You don’t make money by trading, you make it by sitting.” It takes patience to wait for the trade to develop, for the opportunity to present itself. Let the market come to you, instead of chasing the market. Chart patterns are very accurate. They have proven their accuracy and predictability time and time again, but you have to wait for them to develop.

This kills off EOS ICO as well

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yes US citizens and PCN citizens. but EOS as a very nice way to communicate with their steem page.

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I mean the EOS ico and trading of its token is banned in china and they will be forced to refund investors.

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wrong account ^^ its @alexpfeiffer ^^

I wonder if how things wil evolve

All we have to do is wait and watch
for the best