Hello

Dead again? In Reality Bitcoin Is Up 729% Since Last February
The price of bitcoin has seen some corrections over the years, but really there have only been a few deep cuts. With the bearish dips in price over the past…
Read More

Blockchain 3.0 loading

Crypto Market – Craziness Of The Market And DIP

Posted on February 2, 2018

Crypto Market Introduction

You may be a veteran or a new investor that just recently come into the crypto space. You should have noticed that the market is extremely volatile. This may occur when many coordinated events happen simultaneously and make the crowd panic.

You should have noticed that as soon the Bitcoin price decrease, the whole market follows the same pattern. One of the causes is that many of the pairs are traded with Bitcoin and people often cash out to preserve their capital.

The FUD on the market
The behavior of this market is unpredictable and tend to respond to the emotions of the people. Since the beginning of 2018, we have already experienced three serious dips who decreased the overall crypto market cap.

We can sometimes see that the people who create the FUD, are the people who want to speculate and make a good profit. The FUD spread like cancer, and people get concern and generally sell on the panic bottom, this story repeats all the time.

If you are a speculator, you can make a killing with the variation of the market.

Investors standpoints
When you are a real investor, you know what you have invested in. You will always keep in mind that you have invested in real projects that have the potential to increase over time and produce real value to the world. The short-term fluctuation will not impact your goals, and you will not make the mistake to change your plan.

What I learned
To tell you truth, even for myself it is hard to stay positive when the market decreased rapidly.

What I learned since I am involved in this space and started this crypto blog:

The market rebound rapidly and the price often surpasses the previous price before the dip.
Never make a decision on the irrationally of the market, nobody can predict the market.
When the dip occurs, you will start seeing people complaining that crypto or bitcoin is not good; do not pay attention to these people, it is not worth your time and energy.
The community shares good humor and collectively we hold the fort like in the movie 300.
Crypto enthusiast believes in the technology and will apply the HODL strategy.
What you should do
When you see a bloodbath in your crypto portfolio and a huge dip on the market.

Those are the recommendations you should take:

Try not to check the price every five minutes to avoid making a panic sell that you can regret later.
Go out and make something that helps you laugh, this help releasing the stress.
Apply the HODL strategy and do not take any action in your portfolio.
Last word
Many people point out that this situation occurs every year and is becoming a predictable crypto pattern. What I mean by that, the market could not always increase rapidly and this has proved to be unsustainable. A good healthy correction is always welcomed to rebound and become stronger after.

The blockchain and crypto are here to stay no matter what will happen. The correlation is the market will reach the trillion dollars before the end of the year, I am positive about it.

Please, do not panic, belief, keep faith, HODL, stay positive and pray for what you believe.

The best online marketers taught me about crypto curencies.
I repeat crypto currencies are not scams if you understand them.

The best online marketers taught me about crypto curencies.
I repeat crypto currencies are not scams if you understand them.

In Uganda

???????? KENYA????????

Snipets from Today's (25th Jan 2018) session on Cryptocurrency at Strathmore Business School.

1. Dr. Bitange Ndemo, Professor of Entrepreneurship and innovation at UoN Business school.

-No Government in the world can succeed in fighting technology.

-Banks are the largest corporate investors in crypto currencies.. I will not tell you to be cautious.. Go ahead and Invest.. Amid applause.

-I have a gut feeling Bitcoin will soon hit $50,000.

-It is may be a risky investment but it will definitely change the world.

-If Africa wants to move out of poverty, the only way out is to adopt crypt currencies.

-If possible launch our own African crypto currency.

-Hanging on the dollar or even to our shillings will not take us far.

-BTC dispensing machines to be launched next month in Kenya.

1. Dr. Robert Muthuri, Legal Knowledge Engineer in Kenya

-The legal environment is evolving fast around crypto currencies.

-The internet was initially thought to be immune to regulation.. The same will happen to Crypto currencies.. Some form of regulation will eventually take root in Kenya.

-For now It’s advisable you only deal with traders that have have verifiedY their identities at the Bitcoin & other crypto exchanges.

-In the eyes of conventional eco system.. Bitcoin is currently unregulated but in the eyes of the developers it is self regulated.. Is it a matter of perception? Perhaps they will meet in the middle at some point.

-There are 3 types of regulation: 1. State regulation, 2. Core regulation 3. Self regulation... Usually state regulation comes when self regulation in non existent or fails and eventually the ideal is core regulation - a balance of the two.

-Mpesa was once described as a form of Anglo leasing and the president was being urged to stop it by the then Minister of Finance...

-We are still in the phase of early adoption.. It looks disruptive.. It looks primo... Will you be part of the early majority or the laggards who will have no choice but to adopt? Only time will tell.
@cryptotalkafrica