The markets have taken a beating recently. Be that from the recent Chinese ICO ban or the renewed rumours of the banning of bitcoin. Enough said on that one. It is simply not going to happen.
There are too many vested interests in China to allow such a divestment from the cutting edge of the future of currency's. If you have felt unease then please relax. If anything the dip in cryptos value would be fleeting.
Why? China is huge and if you look at the original boost in NEO we can see that they have a huge influence on the crypto market as a whole as well as individual coins. What if they withdrew? There would be a dip. Oh yes, a harsh one too. Here is the kicker though.
When there is a hard dip what does the smart money do?
They buy. I am sure everyone is tired of hearing the old quote from Baron Rothschild:
"Buy when there's blood in the streets, even if the blood is your own."
It is gloriously true. If you act in a contrary manner to the masses then you are doing what everyone is not doing. This is a very good technique for making money.
Very few people actually follow this through. When the markets turn red they wring their hands and lament their poor judgement. Some even surreptitiously sell stock/coins that they think will only decrease in value.
The clever investor buys what they consider to be undervalued.
How to judge that? Look at the trading charts. You do not need special knowledge. Expand the charts out to a period of months not days. It is easy to spot a trend. It could even be a trend to stay in a particular range. When a dip happens the trend most often corrects back to the norm.
I know I have been buying the last few days. I hope you have too.
Note: only ever invest what you can afford to lose. The advice above is my own personal opinion and does not constitute qualified financial advice.
