Okay so what’s going on today? Is this the result of us heading to the 1st of August? Is this the rush of the nervous crypto traders trying to cash out? When knows, but hold tight it’s going to be a bumpy ride.
I suspect a slight bit of panic is underway as some rush to cash out before the exchanges prevent them from leaving.
It’s a bad time to be trading in or out of Bitcoin until after the 1st of August and I for one will not be considering any more buying or selling until Mon/Tues the 7th/8th of August just to be safe.
I mention only Bitcoin, but the Alts are always dragged along for the ride. Our beloved steem is really taking a beating down 25% today alone.
I still believe there is nothing to panic over and the best thing people can do, is sit tight.