And the market takes a u-turn up. I mean, come one. Everyone with half a brain understood this. Who thought South Korea would BAN cryptocurrencies? Ban something that is unbannable? Hands in the air! No hands? That's mah crypto currency hodlers.
http://bitcoinist.com/south-korea-legalizes-bitcoin-ban-anon/
Now what they are doing is ban ANONYMOUS trading.
Who gives a shit? Not me, and certainly not Mike Tyson. Look how he' laughing at the regulators, and especially how he's laughing of all the pimply teens pissing their pants because of FUD.
But don't worry shorters. I'm sure some central banker, or perhaps the Rotschilds come out with some negative views on cryptos in the coming days - making people shit their pants and make the market fall 25%.
If the crypto crowd doesn't mature beyond pissing their pants every time a banker say some bad words about cryptos, we're going to see this kind of erratic volatile behavior. Too few people realize the potential of cryptos. But that was also true with me, two years ago. Before I really understood the fundamental value, and the FACT that this is where you want to invest most of your money LONG TERM - I was too in and out for months. But one day, after reading up on cryptos I made a life changing decision, and that was to HODL. And that was before I ever heard about hodling.
No worries yet though. February could be a no-mans land month as well. I don't think we'll really take off until March. But I'm almost always too conservative when it comes to cryptos.
