Charlie Lee warned us before all of this happened. He had an insider information from his brother Bobby Lee and wanted to tell the news to everybody. He didn't want any people to be in a trading advantage from having a huge information as this one. People were really mad at him on twitter, because he caused the first dip.
He was right after all - bitcoin exchanges in China are closing, indefinitely. BTCC was the first exchange that said that will close. Yunbi and ViaBTC are going to close too and Huobi or Okcoin are probably next.
There are some really cheap cryptocurrencies right now. It's true that they could be even more cheaper, but you have to start buying in small amounts to not miss the big pump later. It can happen anytime!
Good coins I am looking at are Litecoin, Monero, Steem, Verge and Bitshares. Because the steem dollar is holding the 1$ dollar peg so good you really can get some nice offers on the markets.
Some tweets from yesterday and today that you should know about.
A lot of people came into the cryptocurrency world this or previous month, bought the coins too high and now they are selling with a loss. In my opinon, that is the worst possible thing they could do. They really thought this is a safe investment without any risks, but it's not and they just got burned.
People saw again how volatile these markets can be and my only tip to them is to not put more money into this than you can lose. Don't gamble with everything you got, diversificate. This is more like an investment than a get-quick-rich scheme. Blockchain technology is making a history. Cryptocurrencies are not only about the price and sometimes you just have to relax and hodl.
I am not selling anything.
I am buying more, because I trust.
Thank you!
My previous posts:
@eirik/some-information-about-jaxx-sandboxie-and-coke
@eirik/here-we-go-public-beta-of-helmbet-rps-is-up-and-running
