Market slides on FUD this week in crypto
What a week in the cryptocurrency markets. Normally folks would say "can we do a reset? “, I say, can we please continue to educate.
Fear, Uncertainty, and Doubt. (FUD) Those were the jist of the headlines making news from Cointelegraph to CNBC.
Have you not heard that" Korea is banning the use of Bitcoins?"" MyEtherWallet gets Hacked "
These were some of the headlines that turned the fickle market of new investors and made them sell off their coins.
But today is a new day, and the deceitful essence of those statements are now being made public. There was no ban. Not even a sniff. There was no hack. Oops!
Understand folks, that cryptocurrency is disruptive to our current financial system. So those willing to maintain their elite position in society, fears the liberation this technology offers. And what better way to keep control than to cause dispair and anxiety to feed on insecurities and cause panic.
The truth shall set you free: Google search the changed position of J. P. Morgan, or Warren Buffet's recent acknowledgement of Bitcoin and blockchain technology, and even Goldman Sach's declaration that adds validity to this new financial space.
Want to really know who profited this week? Those who bought coins during the dip in prices.
We already started to see recovery.
My advice is to cleave to those who know and ask questions. Don't give in to the FUD. 
With every temporal correction, the crypto market shakes out the weak hands while strengthening the committed ones.
I love the sales we had yesterday. When people cry I buy
Yeah it is unreal. I am a member of some forums and the amount of panic is unreal. I used yesterdays dip to buy some cheap XLM, already up 35%. people think TA is so important. I think the biggest thing someone getting into crypto needs to learn is patience. Do your research and don't believe the first thing you hear.
Yes, research is paramount. I recently admonished an audience to do that very same thing. Professionals take years of study and practice to learn new skill or master a field. Yet, many of those knowingly new to blockchain, are not patient to learn or think that reading a column in an business magazine made them an expert. It's sad though.
I'm watching very carefully, because some news from certain quarters look like potential market manipulation.
Yeah i read up on the tech for over a month before i started trading (was already reading up on it but not enough to invest money into it). i only put in a small sum and slowly added over the course of two months to get familiar with the charts, emerging coins/tech. Once i felt comfortable, then i added in a significant amount of money.
I am a member of a forum to help newcomers and i feel so bad for them that they are losing money. they are just getting in now and follow TA advice of people suggesting 5x gains without doing any research. One of them did the exactly what you are preaching not to do and it cost them bigtime. selling as one coin is falling to buy a coin already up big, rinse and repeat. Doesn't take too long for a $1000 invest to turn into $200 that way.
Next few days will be interesting to see what BTC is up to. I am keeping some fiat nearby.
I appreciate your post. thank you