So should we hold our coins or sell them before they go lower? If the past is a clue anyone who can hold on to what he has should do it, this is probably just somebody trying to buy on the cheap, I've seen some posts about JP Morgan buying BTC after it's CEO trashed it. I don't know if these reports are true, I kind of doubt it, I think people as shrewd as banksters would use proxies or something like that so you wouldn't be able to find out who is doing the buying, they are not assholes, that is why they have the money. On the other hand if they are buying up Bitcoin shouldn't we have started seeing an upward trend in it's value? I've been looking at this all day long and it has been up and down like a roller coaster, and the highest it has gotten hasn't been so high.
The Chinese stopping Bitcoin in China I don't see as a threat. Hell you just move to exchanges that aren't in China, I guess that is what everyone is doing, and screw China. It is a huge market but Chinese investors can move their money around and these guys are millionaires they can probably buckle the system.
Perhaps what everyone is saying is a correction is in fact these elites fearing too many people are getting rich off of crypto currency and want to put a stop to it, that would fuck up a lot of people, I know many guys here on Steemit have actually improved their quality of life just through writing.
What worries me is Steem, I see a lot of people saying this is the time to buy Steem on the cheap, but suppose this doesn't stop and it goes all the way down to what it was in March, about 8 cents then we Steemians are screwed, because frankly if that happens I think that would be the end for Steemit.
So I am just writing this, maybe getting it off of my chest could make this thing go away and things get back to Steem increasing it's price, I don't have much and have never invested any money here but I sure would feel for those who stand to lose a lot.