"Whatever goes down has to go up again" That's not always true, in markets, some things permanently become useless. But in this case I do think crypto has a bright future :) In light of all the

I disagree about saying investing is minimal risk whereas trading is a lot of risk. It's about sizing and asset allocation. If you invest a large percentage of your portfolio into one coin, that can be

On a side note, it may be tempting right now to throw some standard "advice" like "Buy low and sell high". It's something said a lot as advice, but in reality that means you have to

I guess these periods will really test now whether the "investors" are really investors. Some "slight corrections" have been -50% and lower. But as an investor, I really agree that

Another option could be rebalancing. If one coin spikes whilst some are still yet to climb, you'd be overweight in that coin on your portfolio and a rebalancing would mean taking a few profits from that

I know that there's reason to compare to the money in banks and forex, but it only applies to those cryptos in the financial industry. There are hundreds of cryptos targeting other industries, so the overall

I would disagree:

It does look like a green day for cryptos overall today.

As someone who lives in SA, there really hasn't been too much from SARS yet to say what they'll do, but yes, for now it seems it's capital gains tax.

Cheers, thanks for checking in!

Seems like it. I'm sure it's just a minor set back though. Crypto in other countries are doing relatively okay...so far.

It's possible. Cryptocurrency was always going to disrupt the governments and their tax and fiat. But hey, some countries seem to be embracing it as well, so we'll see :)

The first dump was because Coinmarketcap removed some South Korean exchanges with diverging prices. Also to do with South Korea, but different events.

I agree, it's not the first time we get this. I wouldn't panic.

The fall is from 2 things: Local South Korean crypto exchanges were raided by police and tax officials AND The South Korean Justice Minister apparently said he's planning to ban cryptocurrency trading.

Actually, the current crash in cryptos is because the South Korea Justice Minister said he's planning to ban cryptocurrency trading. The coinmarketcap thing was older news...but the raid is recent as well.

Whichever ones I'm buying, because that will just increase buying volume on those ;)

Besides this profitable trade, how is your overall portfolio doing? Just curious

More of a general comment for others too...in other markets, a first time cross on an RSI is often followed by another, and with those big jumps, if it drops to about half the jump and stops dropping,

It's kind of funny watching these things. These analysts get it wrong just as much as any guy on the street. Also I would probably be more optimistic than them. Those smaller coins will more than triple