WHEW...ANOTHER TEST OF OUR CRYPTO NERVES....
I admit...I was nervous...I've been through multiple ups and downs in this crypto currency market...on a few occasions thought all would be lost...but hung in there...built up a nice portfolio...and that's the problem...its "real" money now...
So when China came out and put a hold on ICO's and even used terms like "illegal" or "investigations"...that caused me some panic...most of my value comes from NEO and its related coins...
Yes...I knew its "relationship" to China could cause issues...at times they come out with announcements that can rattle the markets and since they aren't a democracy...could shut something down with no fallback....but...I also know things have changed...they are part of the world economy and want to be part of it...I know recently that their stock market was approved to be part of some formula that stock index funds use to figure out how much stock from any given country one should own in their portfolio....that's no small matter...its world acceptance...money talks...on both sides...
Still...it took all I had not to pull the trigger and sell off all my NEO...fortunately I didn't....needless to say...it has been a joy so far this morning to hear some reassuring news out of China and to see NEO listed on another major exchange...the price has rocketed as a result....
Was I 100% committed...no...I did sell some off at a price near its recent low...I tried to buy back at a lower price but missed out...but that's okay...I did manage to add a little more BNB and GAS to the portfolio just on a whim...
So...once again...a big sigh of relief...enjoy today's high...keep checking up on things...and wait for the next earthquake to hit...
The Blockchain is a great technology and for the time being we can expect that emergent nature of the community will overcome all the bans, governments and restrictions and to continuously change technology on its way.
Having said this it's very difficult to bet on the right crypto, which one will be the one that will solve the specific issue of the moment?
My suggestion would be to:
I wrote a small series on diversification benefits and the income that can be created through it.
CryptoPortfolio - Extract a "diversification dividend" - Part 1: Geometric and Arithmetic Returns
CryptoPortfolio - Extract a "diversification dividend" - Part 2: Portfolio Risk and Diversification
CryptoPortfolio - Extract a "diversification dividend" - Part 3: How to make 8% more per year
I would be grateful to anyone who wants to take a look and let me know what he/she thinks! Thanks
It's true. I couldn't agree more.
the futur is cryptocurrency
Could be...
@bobreedo
The future is cryptocurrency
No doubt will be involved in some form...
The internal exchange between the entire virtual currency and RMBs in Bitcoin, the Ethernet area as the representative of the whole term is closed, but not to regulate the virtual currency itself, there is no prohibition of virtual currency one OTC.
The regulators decided to close the exchange of virtual currency in China, which includes the exchange between all "OKcoin", "Fire currency net" and "Bitcoin China" and another virtual currency with legal tender presented. Figure / Vision China
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[Financial New Network] (reporter Peng Kin Kin-Uu Yujian) regulators decided to close in the Chinese virtual currency exchange, which includes among all the "OKcoin", "Foreign exchange currency" and "Bitcoin China" and other virtual currencies with a legitimate payment By means of the stock exchange, new financial reporters are approaching the Internet of financial rectification risks, the work of the group's leading office (hereinafter referred to as the lead group), which confirmed this news, and learned that the permit is currently deployed to the field.
September 8, the third party trading platform, the network of cross-country issued a statement in accordance with the spirit and requirements of September 8 in Beijing financial conference work on September 5, from the day 17.30 to suspend trading in all currencies.
This is still a regulatory action after the People's Bank and the other seven ministries, together after September 4, jointly notice (further notice). The above statement by ICO (initial coin placement, initial public sale of coins) as an "illegal financial activity" and ordering since the announcement, ICO ban on new projects, projects to limit the stock of repayment. All ICO tokens trading platform must clean the deal.
The purpose of the regulation is not limited to now more than 60 ICO tokens trading platform, we will not participate in a number of trading platform home ICO virtual currencies are included in the purification volume critical to the completion time.
"In other words, the future can not have a so-called trading platform between virtual currency and legal tender in China." The closer to the leading group said: "Thus, there are no so-called markers, virtual currency, and there may be twenty or two problems between the PQM can not be sold. "
Regulatory research of virtual currencies of trading platforms did not suddenly strike, but at the beginning of the research was at the beginning of the year. Currently, the management team has made this decision and careful measures.
The central seven ministries in the announcement jointly issued on September 4, the signal was issued for this: The third announcement "Strengthening Financial Trading Manager token trading platform," noted that since the notification, any so-called financial transaction markers platform should not engage in legal tender and lexemes, in the "virtual currency" traffic exchange among themselves, can not be sold or used as a central counterparty of trade tokens or "virtual currency" should not provide For information about the prices of intermediaries as a token or a "virtual currency" and other services.
It should be noted that this decision to close the trading platform between the virtual currency with legal tender, which only prohibits the floor to trade virtual currency in China, and does not prohibit all virtual currencies with legal tender in the territory of China's trade. "In order to close the exchange Bitcoin no. For Bitcoin »the leading group that stressed the previous closure, suppression and Bitcoin-related activities related does not affect the development of the block chain technology.
In accordance with the position close to the leading group of sources, in terms of risk prevention, so that virtual currency and legal tender from the sex trade activities from China, the main market risks, financial risks and social risks at three levels.
The distorting effect of the secondary market
Since 2013, regulators have felt a great risk for the distorting effects of the secondary virtual currency market. At that time, Bitcoin volume transactions in China, and more than ninety percent of world trade volume, and Bitcoin pushed a record high of 8,000 yuan. PLAY INDIVIDUAL
Intense reading...
Ups and downs are normal in life .we should work hard we know the best is Yet to come
Sounds like good advice to me...thanks.
yes hold for the long haul
At this point..doing my best to hold on....
Well, I'm still waiting for EOS to recover :))) But yeah, overall things are looking better and we can all be happy about that!
Definitely...just another "crisis" that had to settle down so investors can get back to business.
yes
I've been conditioned to withstand the swings. I was frustrated because I was not liquid enough to buy the dips.
I learned as well...always have some bitcoin available in exchange to pull the trigger...
Nice info. Thanks for posting @bobreedo. Come visit me too @tiffanyrej
Will do.
That's awesome. You remained patient and calm during this chaos. I would have most probably sold at least some part of my NEO (if I ever had)!!!
Not sure my choice best...like I say...depends on personal circumstances...hard to hold on now with current China uncertainty...
i liket pls foollo me @ibrahemm51
Thank you...will do.