I'm new to this crypto arena but it looks like this may become a regular occurrence every Friday, or does this always happen?
I'm new to this crypto arena but it looks like this may become a regular occurrence every Friday, or does this always happen?
Last Weekend was due to China announcing they were shutting down ICOs. This morning was due to speculation China will be restricting crypto exchanges. It was big traders that started the fallout with huge sells, coordinated across currency platforms. Whales benefit from inciting panic because then they can buy back in lower. Same sort of thing happens on all sorts of exchanges.
then we need to stop reacting to this incitement. we need to be more patient when the prices drop and hopefully in the long run these tactics will no longer bare fruit for the whales.
Two acronyms that get used a lot are FOMO and FUD : fear of missing out and fear, uncertainty, doubt. People don't often think rationally when mob mentality sets in.
yes, i saw that on a youtube video.
What can we do apart from ride the storm or take this opportunity to increase our investment like the whales ...