A jolly story about Chinese bears.
Another emotional day on the crypto rollercoaster, the bears got FUD and it all went down!
But it's not all that bad, looking at a a 3-day or 1-week chart, we had it coming, soaring way above the averages. Every rollercoaster has that moment where you feel that tingling in your stomach. It's now, enjoy it!
I see bid walls everywhere!
I can't see in to the future but as we are speaking, big bid walls are forming and the order books are turning green.
Was 3000$ the bottom and will we rise up again ready for the moon? Who knows maybe we will bounce for a few days.
After all the confusing FUD woke up the bears... Is it now time to dip the bulls?
Good FUD Bad FUD
Is the news about cracking down on exchanges from China good or bad? In my opinion it's not bad at all. Exchanges are the weak spot in the crypto-space. Of course we want to buy and sell our goodies. But why go through centralized exchanges, the point is to be decentralized. We can't be lazy and just keep exchanging the old-fashioned way. We need innovation. Decentralized exchanges will see a rise with this FUD. And this won't be shut down so easily. It will take some smart people to work it out. But i'm confident it is the way things will go. Peer-to-peer is the future!
Image source: Cointelegraph
Image source: Good cop Bad cop