I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.
I don't think it will need 3 years but don't worry holding is a good thing to do. Well, at least it is better than panic and cut lose your assets. Back to basic, people should use money that really free to anticipate something like this. So when we holding, we still have our main income to fulfill our daily needs.
It is doubtful we are going to even need a year, to me this is simply another aspect of the bull market, I think that by the end of the year we are bound to see another strong increase in the price of bitcoin that will take it to levels that we could have only imagined a few years ago.
This means we need to be patient as the recovery is coming and we need our coins to take advantage of it, also I do not see why people still get scared when we see news that China is banning bitcoin, this happens almost every year and yet people keep falling into this FUD.
I agree with you. If we can see between 2014 until now, there are several times news said that China banning bitcoin and then legalize, support, ban again and it keep happens. Maybe now there are a lot of people who joined in crypto and i think mostly not read what happen in past and maybe affected because of it.