Do you guys remember MTGOX, an exchange in 2014 where 80% of all Bitcoins were being traded. If not, let me remind you guys of what happened a few years ago. 😬
It's kind of crazy that people tend to forget the past, only to be reminded later. ~ Charles Fuchs
It was a time when bitcoins had a great fall when CEO Mark Karpeles was charged with fraud as 850,000 Bitcoins went missing and MTGOX was shut down causing Bitcoins to tank. 📈📉
Guess what guys, Today marks the day CEO Mark Karpeles faces a judge in Japan. This is big news for anyone who is investing in the cryptocurrency markets. 🗞
New updates are coming in as I write this is that Mark admitted they were using "BOT" called ‘Willy’. This bot was created to do fraudulent trading on a massive scale. 👨🏼💻
This raises an important questions, are all the exchanges doing the same today? Only one can speculate. 🤔🔮
You see, the cryptocurrency is a very small market (only 80+ Billion Currently) and can easily be manipulated... So any news or reports that comes out, it will cause the market to be very volatile. 📊
Here is my opinion on this... with Mr. Karpeles Trial, Bit Segwit 148 coming in AUG 1st, Summer Time, Massive May + June rally etc etc... we should of expected a pullback.
No Worries Though... Like most people say, Just "Whether The Storm"... It eventually clears up. 🌧⛈⚡🌦🌤☀
I'm no expert but the next 1-3 months will be very shaky in the market... All I can say is to "HODL" and buy through this volatility if you have the guts 😂🤣😅
So let me know your thoughts... are you worried, are you buying, are you selling, are you waiting for a bigger dip etc.. etc.. 🙇🏼🤦🏻♂️🤷🏻
Only time will tell... so hold on to your seats, it's going to be a bumpy ride. 🎡🎢🎠
Image Source: telegraph.co.uk
CHARLES "TEAM @STACKIN" FUCHS
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