Dear Reader,
Brace for impact!
The crypto exchanges are an ocean of red this morning. It's a bloodbath.
Overnight bitcoin was down 18%...
Ethereum sank 20%...
Ripple tanked 30%...
And litecoin is 17% in the red.
What the hell is going on?
What's caused the mass crypto exodus in the last 24 hours?
As The Sydney Morning Herald reports:
‘Speculators across the globe are struggling to determine when or how market watchdogs may rein in an industry that's decentralised and derives much of its value from anonymous ownership.
‘Many assertions that digital coins represent a bubble have triggered double-digit selloffs over the past year, only to be followed by rebounds.
‘In South Korea, shutting down cryptocurrency exchanges is still an option, Finance Minister Kim Dong-yeon said in an interview with TBS radio.
‘But measures first need "serious" discussion among ministries, Kim added, holding out hope for traders that a crackdown won't go that far.
‘Kim said there's irrational speculation and that rational regulation was needed’.
You're seeing the weak and fearful crypto speculators jump ship — en masse.
But where there is fear...you'll almost always find standout buying opportunities...
And South Korea just handed you the best crypto buy signal we've seen in 18 months!
So, let me tell you what I've already told my 20,000 Aussie readers:
It's time to load up!
Here's three ready-to-rocket cryptos I recommend you buy IMMEDIATELY.
They're what I call the 'crypto kings'...the digital coins leading the crypto revolution.
And I reckon every Aussie investor should own at least a small stake in each one.
Over the next 5–10 years you could see all three turn every $10 you lay down into $1,000 or more.
And right now you can buy in at bargain-basement prices.
Click here for everything you need to know.
Cheers,
Sam Volkering,
For Markets & Money