Hello Steemit Community
I though doing this post to express my opinion where the market is and will be in a few years/months...
This year bitcoin made impressive new highs and alot of money entering the market, we went from a 17.5billion market in the start of the year and got a peak in 17.9billions, that is impressive and im not expert in markets but when something go insanely up they need to go down to get correction.
In my opinion this crashes is market correction with the china FUD (that is becoming true everyday) and a bit of the usually bankers calling bitcoin a fraud because they fear is power.
Why you dont need to worry?
This is very bad for short term, alot of new people that invest in the bull market seeing their investment going down and they panic selling but this is very good long term, why?
China is not banning exchanges, they are regulating it, this is very good because creates a safer environment so people can invest in real exchanges and don't get scammed.
Bankers keep trying to spread FUD because they acknowledge the real power of bitcoin and blockchain technologies and they know it can disrupt the banking system.
This is a real test for bitcoin and the cryptocurrency market, "what doesn't kill you make you stronger"
We see everyday ATMs and big corporations investing and developing bitcoin and blockchain technology and this is a good time to invest because of the cheap price.
My advice?
If you have allready bitcoins or other altcoins just hold, they will rise to new highs, if you still don't have any bitcoins or altcoins and you want to invest this is the perfect time to invest, maybe wait for a bit more cheaper price :)
What you guys think?
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