You all have to understand one thing :
As many on this forum have pointed out (reminder :
https://coinmarketcap.com/), every goddamn crypto is red.
You have to see the big picture here and take into account that it isn't about bitcoin legitimacy but about the very principle of crypto currency.
FUD about china ban comes back every year, korea and every government will of regulation is just part of the adoption. This is NORMAL and expected.
I'm getting kind of tired about the big BULL VS BEAR battle on this forum, it is just irrelevant. Every January there is a correction and then btc goes up again. We all know it.
The true debate is elsewhere :
Do you believe in the principle of our current (flawed) banking system ? Fine, do as you want and sell, try to profit the wave of cryptos, extend your fiat and forget about it. If you're right, every cryptos will go down eventually.
Do you believe in cryptos ? Buy more, hodl. If you're right, value will increase.
Anyway, I'm not trying to convince you of anything, just trying to point out what matters for long term investors.
(Eventhough I personnallly think that crypto are the future
)
