The Crypto Market Cap as of 6 am EST is at $102 Billion.
Bitcoin is sitting at approximately $3000 and will probably drop below that in a few hours.
Two things drive any market:
- Fear, and …
I believe one should become immune to both and not be swayed by either. Stay on course and do not panic.
In my previous posts, I highlighted why this happening:
- A Tweet by Charlie Lee that China will ban crypto trading.
- A statement by JP Morgan Chief Jami Dimon that Bitcoin is a fraud
- China BTCChina not allowing crypto trading after September 30, 2017.
I maintain that the market will recover and I believe this is the best time to buy will the prices of cryptocurrency are down.