Starting last night around 9 PM Central time May 10th, 2018 (U.S.A.) the market started a flash crash sell off. Some think the start began in South Korea with the government raid on UpBit crypto exchange. Officials raided UpBit due to complaints of operational procedures and possible corruption with executives of the exchange. For what ever the reason of the quick sell of in the cryptos one thing is for certain. A deliberate push is being made to lower crypto prices, trigger stop losses and accumulate as much crypto prior to the conclusion of this years Consensus 2018 crypto convention.
Starting the 3rd week of May, 2018 throughout this summer (northern hemisphere) cryptos will experience steady noticeable gains. The global buying pressure will continue for decades. Remember, there is not enough coins to meet the global population. Sure, coins can be divisible, but not everyone will be able to own a complete Bitcoin. Soon, not everyone will be able to own a complete Litecoin and so on. You get the picture. Power houses want the majority ownership of every major coin and token.
The powers to be have a major problem facing them. Cryptos are not that easy to dominate and manipulate like it is with the old Fiat monetary financial system. They will have to physically own and store the cryptos in their hard wallets. The only way they can accumulate cryptos is if YOU let them. They will use every trick in the book to get your cryptos. Do not fall for their deception. They have governments, banks, media and celebrities all at their finger tips to create an illusion to get you to sell. Do not fall for it.
The blockchain is an ingenious tool for efficiency, speed and a trust-less peer to peer platform. This is priceless. They know this fact. If they do not control and own the majority of the cryptos, they will lose much of their power and influence. A war is going on right now for your cryptos. Day trading is difficult and for the professionals. Buying and holding is a more conservative approach but less risky for the unskilled (like me). If you do not worry over day to day pricing but focus on 6 month trends, than you can see how holding long term is the best. Holding cryptos for just 3 short years will yield phenomenal results. For example, pick any coin that was around 3 years ago and see if the price has not gone up. Yes it has, about 1000% on average. The same will happen over the next 3 years coming up. If you can be patient and leave emotion behind, you will become wealthy guaranteed.
Hopefully this post helps you see the motives behind market swings and gives you the confidence to not panic but stay the course.
image from: coingape.com