Turns out Charlie Lee was right... HODL

[Kanapka]

Warren Buffet said something about never invest into anything you would be confortable to hold for 10 years, or something like that.

So the final rule is: hodl or go home.

[1715425322]

1715425322

[1715425322]

1715425322

[Siren]

^ Wups...  Maybe it's exactly why the Chinese regulators want those exchanges to close.  Running a fractional reserve is a nono, unless you're a bank regulated by the government. 

That's very ironic.

Yes - the Chinese authorities have been investigating the exchanges since the start of the year and it's obvious that some shady stuff has been going on.

But they allowed it to operate again after a few months and allowed withdrawals as well, however they have put a tighter regulations already and they said anyone caught would have to face heavy fines and probably closure. So we don't know what's really up to them shutting down their local exchanges as they have already laid regulations on them back in March if I'm not mistaken. Good thing though that I learn to really hold during this dump and not panic. Thanks to Charlie as well. . Actually I followed him and read his tweets.

[batang_bitcoin]

Warren Buffet said something about never invest into anything you would be confortable to hold for 10 years, or something like that.

So the final rule is: hodl or go home.

And Warren Buffet said that bitcoin is a mirage though.

^ Wups...  Maybe it's exactly why the Chinese regulators want those exchanges to close.  Running a fractional reserve is a nono, unless you're a bank regulated by the government. 

That's very ironic.

This is possible, we don't know what are they planning to do but it's like they want to enter the bitcoin scene and buy bitcoin at lower rates so they just want to do something that's in favor of them.

Yes - the Chinese authorities have been investigating the exchanges since the start of the year and it's obvious that some shady stuff has been going on.

What's with that shady stuffs? I never knew about that.