Quote from: SCeeYong on September 05, 2017, 02:52:16 AM

Quote from: DNotes on September 04, 2017, 05:15:57 PM

https://dcebrief.com/china-rules-icos-as-unauthorized-fundraising-tool/

A vast expanse of deep red sea at https://coinmarketcap.com/ and elsewhere this morning in response to the above news update!

A major correction in the market from a SWOT perspective.

I do know that prices have often pulled back after a rally but am a little skeptical this round as China's investors seem to form a significant portion of cryptocurrency players/holders and most new ICOs are based on ETH and may not hold as well as BTC.

The Chinese exchanges are selling the coins at super low prices; it's quite obvious it's a panic sell as apart from looking at banning ICOs , the government will also be investigating the exchanges.

For long-term investors, better to just hold and ride out this storm.

Happy Labor Day to all of you in the US.

Sept 5th, red sea now mostly green and, so it goes, I love a market that is quick to recover... Grin