What to do when there is blood on the markets

Good morning traders! No doubt last few week and especially yesterday have knocked some people off their feet.

But the question is - what to do when the markets are an ocean of red and there's panic all around.

Just like top around Bitcoin 20K, my Twitter feed, which is usually relatively crypto quiet, so you have to look for crypto news with a flashlight, exploded with news of Bitcoin, Ripple and other majors cryptos taking a beating.

I could literally count more that tens of Ripple and Bitcoin tweets in a row, with the occasional stock tweet inbetween, and then another 10 Bitcoin tweets.

These two e-mails popped into my inbox yesterday:

_{Via StockTwits}

_{Via Crypto Insider newsletter}

To be honest - one cannot consider these even spreading the FUD. It's just regular reporting, but the emotion of fear is one of the strongest emotions - who would want to lose their life savings, their family's rainy day fund, their sock money?

If you haven't put all your life's holding into cryptos, it's hard for the panic to grab ahold of you and it becomes easy to take a step back and see the bigger picture.

First of all - the blockchain technology is far from ready.
New innovations keep coming out every day. I delayed my regular post, which has some neat uses of blockchain technology mentioned, just to put out my thoughts. Once the price stabilizes, expect some green as well.

Second - yes there are talks of regulation coming from Asia almost overnight now. Also France has apparently named a cryptocurrency mission leader, who is in charge of finding ways to regulate Bitcoin, yet who still thinks Bitcoin is modern tulips equivalent.

_{Via bitcoin.com}

Yes, the markets have gotten a lot ahead of themselves, but the real power of blockchain technology hasn't really hit most of the people yet. To be honest, many if the people, i have told that i'm looking into blochchain technologies myself, are probably just giggling right now and thinking only of Bitcoin and it's mighty fall.

Age-old truth - don't bet your whole life on a market, that could double it or take in a few moments. And get out of the positions, when you want, not when you have to.

Let's see where some of charts are.

LTCUSD. Litecoin - yes, we are in a downward channel. The 78% fib didn't hold due to massive panic in the markets, but as you see, another big trendline and previous demand are are holding nicely. The previous demnad area is marked with that tiny red candle turning into massive buying back there. Interest levels fro me are 100-150 on Litecoin to obtain some for Hodloring.

Same with Bitcoin. On the BTCUSD chart - same long term TL is holding. Sure, let's visit 8000, the lower trendline, but remember, as i have told multiple times - Wall Street hasnt even got a chance to take proper profits out of this market. On the downside from here, the profits are limited.

STEEM and SBDUSD are down? That's nasty, our post rewards are going down again, are votes will be valued at less. But we are early adopters, we have the upper hand, and remind yourself, how easy it was to pump SBD a few months back.

EDIT: Jut to add this chart from Coindesk.com - Bitcoin crashes roughly once per quarter and so far, has always recovered

In conclusion - we might have some limbos for now, but blockchain and cryptos, that have active development and usage cases behind them, are far from done.

So keep your heads cool out there. Talk to you later!

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_{Title image from pixabay}

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