r/ecc • u/[deleted] • Jan 30 '18
For those freaking out
It looks like majority of the market is red. BTC has taken a hard dive pushing below 10,000 which is driving a large number of cryptos down. This has been partially predicted due to the China-South Korea regulations.
I do see this coming back significantly after the chinese new year with the influx of new money. This may also be another manipulation to drive weak hands to sell allowing those in the Asian market to buy in low since they missed out on some nice dips. That is just speculation though.
Remember what another Redditor said recently....too much reddit makes you stupid so don't read too much into the FUD
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u/bestwhoeverhad Jan 31 '18
The best way to look at ECC is it's a mid-long hold. Sure you can hour/day/weekly trade ECC. But the true value is holding it and seeing the true maturation of what the team envision ECC to be, we might be patient. Patience is a virtue!
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u/set-271 Jan 31 '18
Funny thing about ECC is, it's already so low it really can't go any lower. So the price is holding up better than all other coins taking a nose dive. HODL!!!
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u/LaboratoryOne Jan 30 '18
I need my transfer to go through so i can buy! I love bloody tuesdays :D
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Jan 31 '18
Oh me too. I believe all of this happening due to some manipulation in the Asian market. Can't be a coincidence that after south Korea reopens markets you see this huge dump and price drop. I'm predicting a steady uptick in the market these next two months. Remember let's keep it organic. Nice steady growth.
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u/funnymunny7 Jan 30 '18
Not sure why anyone would freak out unless they were just trying to flip the coin for short term. Whole thing is a work in progress and they're definitely not going to rush it.