Hmmm. so I have been out of my Laptop and mobile phone for a day. I was shocked to see a sudden drop in most cryptocurrencies all of a sudden. i did some research on what led to the drops. Is this something serious? No. Is this an opportunity to make more money? yes it is.
So what happened?
Well there has been a lot of fud(fear, Uncertainty and doubt) in the crypto market from Google going to stop displaying cryptopcurrency and ICO related ads. No surprise here as there has been a lot of ICO scams. Well people get really emotional when they are in fear, and lot of such people sold their coins as a result market dropped a bit.
That's not all, soon came the news that twitter is gonna disallow crypto and ICO related ads, boom again the emotional sort of people they sold off their coins in loss. Then hefty taxing for crypto earners came out bam again the scared heroes sold their coins. Can't pay tax for your profits eh? duh :D
Smartest advice for all crypto investors out there: When everyone sells in panic but the coins. When everyone are buying the coins as they think they will double and triple their coins as the prices are high, sell your coins and book the profit. Like every other market emotions play a big role in crypto, so don't let your emotion control you.