Following lots of news (genuine or otherwise) out of China, Russia amongst others, there as has been a ominous sign for the digital or crypto currencies to turn bearish in the short to medium term. This is especially more likely considering that all the major digital currencies such as #BTC #ETH #LTC #XRP #BCH all reached record highs during August 2017.
Source: eToro – 10th Sep 2017Personally, such signals and signs are normal corrections to a buoyant, active (if not volatile) market and provides a lot of confidence for investors and advocates alike that going forward, consolidation and further highs will be reached in the medium to long term.
Cryptocurrencies IMO are the way forward and ultimately will replace Fiat currencies and become the defacto methods of trade for goods, services and more. Time to embrace the revolution or get left behind!
CRYPTOKNOWLEDGE 