Bitcoin, Bitcoin Cash and the crash...
I am sure many of you got bulldozed in the past 24 Hours by the Bitcoin bear market. Of course it was inevitable to happen, people cashing out before Christmas, rift between Bitcoin Core developers, heavy fee's, slow transaction confirmation, Korean Exchanges security leaks, Charlie Lee selling his litecoin stakes signals, and last but not the least Roger Ver being an asshole.
Bud don't worry. The easiest and bulletproof method is to sell your portfolio and rebuy it with a much lower price but remember don't get caught up in the 'greed' game. As you would never know when it's the bottom. So, look for moderate profits. This is all just short term, a mass of new investors, attracted by this year’s massive price run-up, will stick with Bitcoin through such big short-term losses.
The so called Bitcoin Jesus - Roger Ver, was stabbing Bitcoin since long. But this time he choose a time when we expected a short crash, they just made it a little worse. Coinbase who was supposed to issue their Bitcoin Cash wallets somewhere in January, released it well before time without any notice to it's users. In the amidst of all this uncertainty, they also admitted Insider Trading.
There are two extremes at the moment.
One Charlie Lee who gave up all his Litecoin stakes to avoid insider trading just 2 days before the crash.
Second extreme is Roger Ver, who apparently thinks that Insider Trading which is illegal in almost all countries is a non-Crime. Would you believe this guy for a second?
Evidence suggest that there were already something cooking .
https://www.cnbc.com/2017/12/20/bitcoin-jesus-says-investors-should-be-ready-in-case-bitcoin-falls-out-of-favor.html
http://bitcoinist.com/cnbc-collusion-roger-ver-bcash/
https://bitcoinist.com/borderline-fraud-bitcoin-cash-max-keiser/
Roger Ver who usually get's pissed on calling Bitcoin Cash BCash is constantly on an agenda to destroy Bitcoin. He won't even say the word 'Bitcoin' - He calls it "Bitcoin Core". There's no such currency as Bitcoin Core. There's only Bitcoin.
All this is just a blessing in disguise. Because every crash that happens in the cryptocurrency market opens many new doors for the 'little guy' to enter the market. It shifts the "balance of power for Bitcoin" to the minnows.
I think this Bear market will have an everlasting effects in the coming days and hopefully a lesson for Roger Ver. While it's Roger's right to market his project, take some profit but all that can be done without being an asshole.
I am glad I never bought Bitcoin Cash and I will try to stick to it. Stay safe.
The majority of crypto-markets seem to have found a correlation with bitcoin, BCH, ETH, LTC, DASH and many other large markets dumped in unison with BTC. For Bitcoin, the return to 11,000 USD comes on the sixth consecutive day of decline after testing the $ 20,000 zone, while BCH is experiencing its second day of decline following the spectacular setting of new records at $ 4,000.
Bitcoin loses 40% in 1 week
Bitcoin has continued to sell off in recent days, as BTC markets have now experienced their sixth consecutive day of "retracement" following the establishment of new historical highs just below the $ 20,000 mark on several major trades
Im waiting for the bottom to enter the crypto world. This is expected from such a parabolic move. CME and CBOE had a lot to do with it I think. Keep your eyes open for re-entry! maybe next week or month
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