Price Dump but Don’t Panic
I woke this morning and as always the first thing I do is check the prices…..
Ouch, that was an expensive drop over night and I felt like my favourite hamster just died.
I am a long time HODLer of both BTC and LTC and I mine my own coin. I am not really a trader as I don’t have the time to invest watching the markets close enough to make the right calls at the right time.
What I do know is that the past few years we have seen a drop around the holiday periods. The professional traders do not want to HODL an asset over a holiday season, they want to cash out into FIAT. I think this true for many of the commodities markets
That and the fact we have insider trading stories before the Bitcoin cash Trading launch, Delays in FIAT payments at Coinbase, Charley Lee cashing out his LTC, delays on the backchain with 280K Unconfirmed Transactions in the queue. And some Fake news about Ice Tea
I would be surprised if we didn’t have a price correction.
But still, It the Holidays and I will HODL onto my coins for now.