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The cryptomarkets just took another massive dip, even bigger than the previous one yesterday. Bitcoin is down with 10% and below $13k, Litecoin is down 8% sitting at $220, Bitcoin Cash is only down by 0.28% $2.3k and Ehereum is down with 13% to $1440

If you didn't have any stop losses setup or you didn't diversify your portfolio I feel for you and keep HODL.
If you did diversify you will still get some hit but it should be a quick recovery, so keep HODL.

This time around the hit was cause by South Korea and the fact that they will be banning all crypto currency trading.
https://www.reuters.com/article/uk-southkorea-bitcoin/south-korea-plans-to-ban-cryptocurrency-trading-rattles-market-idUSKBN1F002A

I think this one is just a second wave of scared lucky investors that are recouping their loses.

If you want to know what started and caused the first Cryptocyclone, read my previous post.
Cryptocyclone - this is why the cryptocurrency market is down, yet ETH and BCH are on the run

Please comment and let me know what do you think?

Important! Register with multiple crypto exchanges so you can leverage their different benefits:
https://www.coinbase.com - Purchase Bitcoins, Bitcoin Cash, Litecoins or Ethereum with USD ($) with both credit cards and checking accounts.
https://www.binance.com - Offers various different alt-coins and and does not mandate user identity verification.
https://cryptopia.co.nz/ - The biggest selection of alt-coins
https://www.kucoin.com - Offers the crypto coin KCS which pays dividends to its users.

Thank you for the up vote! :)