wow this was a pretty shitty thing to wake up to
still, HODL
HODLing with you!!
You know what though? This is a serious anti-climax for the capitulation crowd. The selling is extremely measured - We haven't had a panic sell for weeks now. AND this is the time - as we move into two weeks until the dreaded 31 January Chinese New Year shutdown scenario - that the naysayers have been banking on.
Let's see... how long in your experience does it take to sell and withdraw funds from exchanges? One week in total? You'd be extremely lucky, if not unheard of. Two weeks? The best possible reasonable guess. Very often, if not usually, longer. So if the Chinese really were going to withdraw all their money, they would be doing it already!
This "capitulation" has got absolutely no conviction. And as the days countdown to 31 January and nothing happens, people wanting to buy in but waiting for the China crash are going to start getting twitchy!