The word of the day is HODL
We must all understand that regulations in this space are intentionally being withheld by the regulatory authorities and governments. They can easily enforce the necessary but aren't doing so because the money being made by the top dogs is ridiculous. This is my opinion only but I believe it 1000% because I saw the same happen with gold and silver in the 90s, as well more recently with the dotcom and FX markets.
Best thing one can do if you're vested and down in your portfolio is to HODL what you've got and buy more if you can afford to do so. Again, not investment advice, but crypto is not going anywhere anytime soon.
I'm personally not a big fan of regulation but I think the regulators are coming, and they're going to be coming strong! For the most part I think they've sat back and watched, took notes, built cases, and soon a lot of the blatant scammers in the industry are going to be in a world of hurt. Frankly, I think this whole cryptocurrency scene took the regulators by surprise, and they didn't really know how to handle it. Now with Bitconnect, and this situation with Tether, Wall St getting involved, they have no choice but to get involved whether the community wants them to or not.
Great post this will be added to tonights Daily Dood posted after 12 midnight EST under the Memes Of Steemit section :)
Thanks sir. Much appreciated!
Don't get me wrong, I am a fan of regulation if implemented and enforced correctly. Unfortunately, this has never been the case within the financial markets and probably will be likewise within the crypto markets. Control and fear are the biggest weapons used by the power hungry banks, corporations and governments.