As you can all see, it's a bloodbath for Bitcoin and alts out there. Mainly due to latest news about the bans and restrictions set by Korea and China that you can all look up. But, if you've been here long enough, you'd know that this is most likely a mere market correction that would be followed by the next all time high. Crypto speculation still has a long way ahead. We've seen this over and over again.. MtGOX getting hacked couldn't kill crypto, the fall of Silk Road and DPR couldn't kill crypto, and all the times China "banned" crypto couldn't kill it either.. If only, it only made it stronger. Crypto is the honeybadger of finance, it just doesn't give a f@#k about your bans.
I think newcomers will panic sell every last Satoshi and get out as soon as they can. We, wise crypto veterans would see this as a great time to buy in and stock up on our favorite crypto. It's a crypto Black Friday!, or Tuesday, who cares what day? Everything is on discount!
You got your Bitcoin and Ethereum offering %20 discounts, OmiseGo offering up to %25 discount, Ripple offering up to %30!, everything is a bargain!
I hope you guys get the best rates. I actually think the current trend could persist and last for a week at least. Bitcoin just broke support for the symmetrical triangle it has been trading for the last 6 weeks.
It might even fall below $9000 before the current trend is over. And, we know Bitcoin on a downtrend will drag down alts along with it for sure. So, happy discounts, guys. And, have the best deals!