Do you guys remember MTGOX, an exchange in 2014 where 80% of all Bitcoins were being traded. If not, let me remind you guys of what happened a few years ago. ๐ฌ
It's kind of crazy that people tend to forget the past, only to be reminded later. ~ Charles Fuchs
It was a time when bitcoins had a great fall when CEO Mark Karpeles was charged with fraud as 850,000 Bitcoins went missing and MTGOX was shut down causing Bitcoins to tank. ๐๐
Guess what guys, Today marks the day CEO Mark Karpeles faces a judge in Japan. This is big news for anyone who is investing in the cryptocurrency markets.ย ๐
New updates are coming in as I write this is that Mark admitted they were using "BOT" called โWillyโ. This bot was created to do fraudulent trading on a massive scale. ๐จ๐ผโ๐ป
This raises an important questions, are all the exchanges doing the same today? Only one can speculate.ย ๐ค๐ฎ
You see, the cryptocurrency is a very small market (only 80+ Billion Currently) and can easily be manipulated... So any news or reports that comes out, it will cause the market to be very volatile.ย ๐
Here is my opinion on this... with Mr. Karpeles Trial, Bit Segwit 148 coming in AUG 1st, Summer Time, Massive May + June rally etc etc... we should of expected a pullback.ย
No Worries Though... Like most people say, Just "Whether The Storm"... It eventually clears up. ๐งโโก๐ฆ๐คโ
I'm no expert but the next 1-3 months will be very shaky in the market... All I can say is to "HODL" and buy through this volatility if you have the guts ๐๐คฃ๐
So let me know your thoughts... are you worried, are you buying, are you selling, are you waiting for a bigger dip etc.. etc.. ๐๐ผ๐คฆ๐ปโโ๏ธ๐คท๐ป
Only time will tell... so hold on to your seats, it's going to be a bumpy ride. ๐ก๐ข๐
Image Source: telegraph.co.uk
CHARLES "TEAM @STACKIN" FUCHS
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