Honestly the money I invested is dedicated to this task. I am even ok to loose it. Still the amount of negative news makes me a little nervous, too.
The point is that the time between massive up and crazy down is reducing over the last months. Most investors are extremely nervous currently and any new information drives the market down. As the sequence of downs is increasing while the uptrends are shorter, this is indeed not a good sign.
People will now shout HODL but the environment has changed during the last months. Governments are getting more and more involved and Hackers are doing their best to discredit Crypto by stealing whatever possible. Well you may also ask who might be paying those hackers, too.
I do not believe that the end is near but I trust that crypto itself will survive and be more mature after this.
All hacks, scams, and frauds trying to discredit cryptocurrency. I think while managing the trading volume and significantly high frequencies of transactions, trading companies had forgotten to focus on security like the encryption security in online conventional banking. By time, they are strengthening their systems and in the short time, everything is gonna stable. So, trading at this point of time is not really a good option. Better to wait and watch.
With all the scamming that is going on, I think the only answer is regulation. However that doesn't mean the government will control everything ... but just allow us to be more safe when we transact in Crypto.
Honestly the money I invested is dedicated to this task. I am even ok to loose it. Still the amount of negative news makes me a little nervous, too.
The point is that the time between massive up and crazy down is reducing over the last months. Most investors are extremely nervous currently and any new information drives the market down. As the sequence of downs is increasing while the uptrends are shorter, this is indeed not a good sign.
People will now shout HODL but the environment has changed during the last months. Governments are getting more and more involved and Hackers are doing their best to discredit Crypto by stealing whatever possible. Well you may also ask who might be paying those hackers, too.
I do not believe that the end is near but I trust that crypto itself will survive and be more mature after this.
All hacks, scams, and frauds trying to discredit cryptocurrency. I think while managing the trading volume and significantly high frequencies of transactions, trading companies had forgotten to focus on security like the encryption security in online conventional banking. By time, they are strengthening their systems and in the short time, everything is gonna stable. So, trading at this point of time is not really a good option. Better to wait and watch.
With all the scamming that is going on, I think the only answer is regulation. However that doesn't mean the government will control everything ... but just allow us to be more safe when we transact in Crypto.