The correction in the crypto currency market is real. While tens of thousands lost billions of dollars from the past correction in recent months this could be a good for the currency as explained in Stansberry Research’s article Why the “Crypto Correction Is a Good Thing”. The article also mentions that China and Korean lead the downturn in the market by regulating the trading apps and websites making crypto difficult to purchase. Stansberry Research is an investing research publication company. They write about market trends and predictions of new, evolving and unknown investments to its subscribers such as crypto currency. They suggested the future of crypto was going to be grim and warned that a fire was coming soon. Holding on to your crypto through the correction could be smart as others sell off. Allowing “the dead wood” like Bitconnect leave the playing field and let a more sophisticated group of currencies evolve will give more confidence in the currencies. Bitconnect is an example of the dead wood which wiped out two billion dollars after its crash.
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