We could go into the doom and gloom of what happens when there is a knee jerk effect, fright or flight, someone yanking your chain! Currently it is BCH, hardfork with disgruntled mumbling in Bitcoin Cash rumbles throughout the market.
Hold on tight, someone titled the scales another move after disruptions, repetitive movement reflected on trend lines historically.
Since the introduction of Bitcoin Cash and Bitcoin Futures this is not the first time Bitcoin and Cryptocurrencies end up in the doldrums, or worse, go down chute, not all the way down but enough to make you worry. Big sell offs creating panic selling is a sure sign someone is waiting in the wings to swoop in and score when prices go super low.
How do you protect yourself, well you can't, trading leaves everyone wide open to this volatility. Bitcoin Cash internal disputes, hard forks, crazy media reporting has spooked everything into a spiraling downward affect, best not to read media right now, they normally guessing, your guess is as good as theirs!
As it happened to top ten: Source and Image
Happy the worst affected is the one that caused the mayhem, both Bitcoin Cash and Bitcoin Futures arrived on the market, neither peeked my interest due to the manner of entry. Sadly most other projects have been affected by internal battles which should not happen in technology, good projects deserve support, greed is more often than not frowned upon.
As always, research carefully, the views and opinions expressed here are solely those of the author. Every investment and trading move involves risk, you should conduct your own research when making a decision.
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