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originally posted by: seasonal
With a gut wrenching drop that would have cast the "real" investment world into a global depression, the crypto world is already healing.
$260 billion ‘cryptocalypse’ hits
Some say it was whales moving the market by selling off their significant portfolios, mainly BitCoin-Eth-and Ripple. This caused waves of FUD dropping from what I saw, every single crypto had losses that would have crippled any fortune 500 company.
Uproar over crackdown on cryptocurrencies divides South Korea
OR did the news/rumors of bans from China and Korea cause a wave of fear? Turned out no bans, but Korea will follow China's style of regulating crypto. We will see what that means.
South Korea Crypto Crackdown Causes Correction; but No Ban
It is very likely this will end up playing out the same way the China ban did (where some of the worst practices of cryptocurrency were regulated, not banned).
Now the real question for what seems like the 7 or so members here at ATS that are invested in crypto, did you sell any of their crypto investments?
I did not sell any of the 7 crypto's that I own. And my 7 carefully researched coins as of mid morning are up an average of 57.88%. Of course this is after watching them fall by larger %'s losses, but I think we will see a restored market.
If I were a betting man, and I am in crypto so I obviously am, I think this was all caused by rumors of crypto bans and whales flexing their impressive muscles.
originally posted by: neo96
a reply to: seasonal
980ti or better.
The more cards the more $$.
Getting $1.76/day now.