Everyone is freaking out about the falling charts.
Why is this happening?
On 14th September 2017, the second largest Exchange in China declared the following:
“After carefully considering the announcement published by Chinese regulators on 09/04, BTCChina Exchange will stop all trading on 09/30.”
What does that mean for all of us?
The Chinese traders and investors want of course to get their profit out of this exchange. So thousands of chinese are changing their btc and other altcoins into their local fiat currency.
The result?
The charts are dropping constantly. Everyone is in panic.
Coin market cap decreases from about 40 billion $!
BTC looses price volume of more than 1,000 $!
What to do now?
JUST HODL! Keep calm, relax. Close your laptop and do not panic in any way. Just listen to them people that have experienced all that again and and again and do it the same way:
Be fearful when others are greedy and greedy when others are fearful!
Warren Buffett
Source of the picture: https://siliconangle.com/blog/2013/06/12/did-prism-cause-bitcoins-value-to-fall/