Today shows more than ever that the crypto media has been manipulative and has made predictions based upon nothing.
When the market is up , they tear it down; conversely when it is down , they encourage people to buy based upon arbitrary speculation.
Just days ago the words "death Spiral" were being used. While I do not know why , aside from negative divergence in things like the oscillator , the market is doing so well on a monday of all days , I rejoice in the feeling that the feelings of doom and gloom are , for today at least , greatly diminished.
I am no financial advisor , but I do encourage believers to do their part. Don't short sell. I short sold 2 lite-coin this a.m. at 28.30 u.s.d. and look where it is now.
It's reasonable to be cautious , prudent even , but I encourage those who believe to use stop orders rather than short. I wish I had with the litecoin, but I will simply buy it again , in greater quantity.
Even BCH is climbing the charts.
With Banks still adhering to the fractional reserve speaking of the need for centralized digital currency - the stuff of fraud , and currency that doesn't even need to be printed in excess - simply typed in excess, it is time for the crypto community to show them that we will not adopt that sort of currency. It is YOUR money , MY money , and I can't speak for you , but I don't want their b.s. interest rates paid to me while they lend MY money to others at a high interest rate. That is what the mafia is for.
Every effort is being made to scare you. Be strong. The government is for it's people , by it's people. It was once and will once again.
This has been one day , but a week long lookback at litecoin will show that a correction was coming , and that the most money (at the time) was to be made 1 dollar at a time with large quantities of the currency , and in days past was the only major coin in the green.
Don't let the government scare you. Don't let vague tax guidelines scare you - you can only be expected to do your best provided with the vague information given. There are sites out there that make reporting easy.
Let's keep this going.
Fortis fortuna adiuvat.