Here we are again. What looks like the start of a long and glorious bull run. The green had started trickling out of the bitcoin candle and into the alt coin market.
The last couple of days were ones which probably had put a spring in every bag hodling cryptonaut's step.
Then today happened. Tweets from Coinbase announcing major regulation could be on the way for bitcoin.
Although this seems largely aimed at the American area of influence, the markets took it badly.
Which they always do.
But here's a thing. Do you remember the bull run of 2017? If you do, you will remember the scare stories that were put out at the time. At one point they even claimed that bitcoin holders could be prosecuted for kiddie porn because of some ancient text buried in some early bitcoin transactions leading the way to dark web abuse sites. Seriously!
The establishment will stop at nothing to put the dampeners on crypto and it's big daddy, bitcoin in particular.
We have seen it all before and that is what is important to remember on bloody red days like today. They can't scare us.
Just keep hodling!