BTC - Digital Gold - Don't panic - PATIENCE IS THE KEY.
Updated
Hi Guys.
We know you are stressed and anxious.
Don’t be. The most important is to not PANIC.
Recent price fall may be linked with the last hack ($40 million in tokens) of the Korean Exchange Coinrail.
This is one of the smallest exchanges. They are ranked on 90th place based on trading volume.
Most notably, the hackers got away with $19.5 million-worth of NPXS tokens that were issued by payment project Pundi X’s ICO. Added to that they scored a further $13.8 million from Aston X, an ICO project building a platform to decentralize documents, $5.8 million in tokens for Dent, a mobile data ICO, and over $1.1 million Tron, a much-hyped project originating from China.
The whole amount is nothing (0,013%) according to the whole market cap ($300 billion).
This was unpredictable although we may expect another hacks and rapid price falls in the future.
Keep a bit of fiat currency or USDT for such sales. :)
Please remember why BTC is and will be the king of all crypto. This is digital gold.
1. Gold does not oxidize thus it maintains its value. Bitcoin doesn't deteriorate either. They both don't lose their value because of their (physical) state.
2. Both gold and BTC are widely used. Gold - reserves and jewellery. BTC - reserves (long-term capital investment); to buy 95% of other crypto you need to buy BTC first. There is a constant demand on both.
3. Their amount is small and strictly limited.
Please look at the long-term chart. This is log scale.
BE PATIENT. PATIENCE IS THE KEY.
Keep watching us for updates.
If you like what we are doing do not forget to like it.
Your comments are highly appreciated.
HUGE HUGS.
Your WBM Team!
We know you are stressed and anxious.
Don’t be. The most important is to not PANIC.
Recent price fall may be linked with the last hack ($40 million in tokens) of the Korean Exchange Coinrail.
This is one of the smallest exchanges. They are ranked on 90th place based on trading volume.
Most notably, the hackers got away with $19.5 million-worth of NPXS tokens that were issued by payment project Pundi X’s ICO. Added to that they scored a further $13.8 million from Aston X, an ICO project building a platform to decentralize documents, $5.8 million in tokens for Dent, a mobile data ICO, and over $1.1 million Tron, a much-hyped project originating from China.
The whole amount is nothing (0,013%) according to the whole market cap ($300 billion).
This was unpredictable although we may expect another hacks and rapid price falls in the future.
Keep a bit of fiat currency or USDT for such sales. :)
Please remember why BTC is and will be the king of all crypto. This is digital gold.
1. Gold does not oxidize thus it maintains its value. Bitcoin doesn't deteriorate either. They both don't lose their value because of their (physical) state.
2. Both gold and BTC are widely used. Gold - reserves and jewellery. BTC - reserves (long-term capital investment); to buy 95% of other crypto you need to buy BTC first. There is a constant demand on both.
3. Their amount is small and strictly limited.
Please look at the long-term chart. This is log scale.
- We have a very strong support at $6100 level.
- We identified triangle shape. We should bounce up from this triangle breaking resistance at $7300 - $9000 level. Please look at the green rectangle. This is boy zone.
- According to the Trend-Based Fibonacci Extension we are very low. Nearly at the bottom. They only major move is UP.
BE PATIENT. PATIENCE IS THE KEY.
Keep watching us for updates.
If you like what we are doing do not forget to like it.
Your comments are highly appreciated.
HUGE HUGS.
Your WBM Team!
Note
Guys, it looks like we have a double bottom shape forming. OMG. What do you think? As you can see on weis wave chart demand is growing!Note
We should bounce from $6100. STAY COOL. We think double bottom is forming. Don't panic don't sell it now.
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