Clashing Bulls & Bears
Cryptospace requires corrections, demands it. After all, the proliferation of positive gains would be impossible without turbulent swings. The same goes for profound losses. This must be accepted, anticipated, and minded, otherwise success cannot occur.
We are currently enduring the effects of a bear market after one of the most bullish runs this space has ever experienced. Investors and traders should not be overly concerned, in part that the market is still, despite this bearish movement, 28x higher than it was one year ago today.
Nonetheless, make adjustments, conduct research, and, if you cannot fight the urge to trade, we’d do so conservatively. The team is still holding mid and long term positions. As stated numerous times, we’re focusing more on hunting for some great ICOs for the time being.
All aside, there is much to look forward to over the coming months in cryptospace. Companies are making their way into the market, promoting our optimism and excitement for what lies ahead.
Samsung, which stimulates much of South Korea’s economy, announced it will manufacture mining equipment. Their plan is to first manufacture and distribute equipment to the Chinese market - a reassuring sign, as this may indicate China might, in fact, reenter the space