In a global society, where manipulation and monopolistic companies have a grip on our lives, decentralized distributed ledgers and cryptocurrencies without a central authority are the rare beacon of hope for independence and privacy.
https://t.co/xuUClXkip5
@bitcoinbegger Just read about near burglary. Yikes! Never live w/o a doge. In more ways than one. But seriously, backup keys and cold storage. What if your computer died? So sorry for the stress you and family going trough. Move to Slovenia? No taxes on crypto trading here and safe country.
@bitcoinbegger With mass adoption come people of all types. I left years back because this place started to feel like Eternal September - cyptocurrency edition. The development of the whole system went "the wrong way". It is not what was envisioned and hoped for. We need to start from scratch.
Also we have seen about 80% drops in crypto markets before. By this logic about 4000$ would be the lowest low. If we breach 7000 significantly, we could go lower. Again, this is opportunity to buy. Such market corrections don't happen very often. I am buying and riding the waves.
Liquidity squeeze in the US is the factor, but I don't think Trump, who is primarily real estate developer wants much higher interest rates. Crypto markets feel this more. When fiat is abundant, it flows into crypto, when interest rates hike possible, fiat withdraws.
I sold those eth that I bought around 600 Eur for 750 Eur and up. It is prudent to take some profits off the table. Control the greed. Gradually buy as it falls and gradually sell as it rises. It might rise more but risk-profit management is crucial for long term success.
I hope that Bitstamp doesn't crash form intense trading. :D It freezes from time to time. Eth being sucked up again and back at about 650 Eur from 580 Eur almost in one go.
About 30% of fiat stash left to invest. The more it drops, the more I buy. Intense trading. Fun times. Those that HODL, breathe. Go for a walk. Sun will come out again and markets will recover.
There is nothing wrong with btc or eth for that matter. No new vulnerabilities, tech is same as it was. When market goes down, you buy, when it goes up, you sell. Not the other way around. Breathe.