THAT AWKWARD MOMENT #20- "CRYPTO SKY IS FALLING AND AM WORRIED!"
Finally we have the 20th episode, an anticipated achievement as a non-professional writer. So far so good, hay or nay; good feedback or poor one, the series had survived this far an i ca not be more than proud of this tiny little achievement. And to everyone staying tuned weekly for the past 5-months without paying attentions to the grammatical errors but enjoy reading for it's life lessons i say Bless you all. If you have missed any of this series in the last 5 months, kindly click below on some of the links and images for Recaps:
THAT AWKWARD MOMENT #16 - "YOU DON'T KNOW WHAT YOU GOT TILL IT'S GONE!"
THAT AWKWARD MOMENT #15 - "THE NEW YEAR PSEUDO RESOLUTIONS"
THAT AWKWARD MOMENT #14 - "A GHOUL AT CHRISTMAS- YULETIDE PANDEMONIUM "
THAT AWKWARD MOMENT #13- "JUST A LIL HELP"
AWKWARD MOMENT #12- "A GIRL APART"
CRYPTO-SKY IS FALLING AND AM WORRIED!
The sky is falling, this time Financially and for most new/freshman investors in Cryptocurrency,
the Nightmare just begun. Only veteran crypto-investors would sleep and let it all lay under the rug seeing the value of their investments drop and drop with aggressive pulls down the trade charts. This epic price drop is in the midst of panic "sell-off" among traders/investors which has seen over $60 Billion USD taken off the market in few days.
It is just the 2nd Month in 2018 and things looks like it's falling apart! A question on many new investors mind like mine is;
Will 2018 really be the year of decision for Cryptocurrencies/Digital Assets?
Investors like myself, most likely new and inexperienced ones would panic just like i have panicked seen my steem account going way down, this may come as a result of several countries placing a strict regulations on digital currencies/assets transactions via banks. Countries like China, India, US with Multi Billion Banking sectors had restricted their services to trade cryptocurrencies. One of the factors given by India's Finance Minister "Arun Jaitley" was that the country wants to eliminate the use of Digital assets in criminal activities hence the country has passed a more strict Regulations regarding Cryptos.
People's Bank of China, The Central Bank of China is in moves to place restrictions on all platforms pertaining to Cryptocurrency trading and Initial Coin Offerings(ICOs) issuance which had been domestically suppressed last year.
The decision of major banks curbing the use of their services in Cryptocurrency tradings might be another factor responsible for the huge price drop. J.P Morgan Chase, United Kingdom Lender Lloyds Banking Group, Citigroup, Bank Of America etc are some of the World's leading banks that has implemented the policy to stop people to trade cryptocurrencies with credit and debit cards.
This had throw more doubts on some countries Apex Bank Decisions not to sanction Virtual currencies(Cryptocurrencies) as legal tenders and any bank doing so is considered breaching the law.
Are this Apex banks right in their decisions as the Crypto-market is in a state of Dismal Pismal!
On a brighter note, would you have spent your money on booze, women and cigarette rather than investing it in Altcoins? It is an individual conviction and orientation to prepare for a better future!
When the sky falls, only the strong would stand!
FOLLOW-UPVOTE-RESTEEM AND MAYBE DROP A SUPPORTING OR CONTRARY COMMENT.....It's your friendly Neighbor @oluwoleolaide for Steem-Lagos-Nigeria-Africa-World!
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Good post,
your thinking is great....you will running create this type posting....i waiting for your next post..
I have no regret
Have not been checking my potfolio
I believe it will get better
I have fears, when 1 Ether drops as low as 300k...Very Scary!
The best is to stop monitoring
This price drop is really scary. I hope it gets resolved soon.
Sneaky Ninja Attack! You have been defended with a 2.31% vote... I was summoned by @the-commentator! I have done their bidding and now I will vanish...Whoosh
wow, gracias !
What goes down must come up. In my little knowledge of crypto things can only get better.
But it's more scary when $60 Billion got sucked out of the Market Cap...
This price drop is really scary...hope it rises again soon