Fate of Virtual Currencies Under Strict Regulatory Measures

 September 24, 2021 is another unforgettable day, at least for virtual currency stakeholders!

Just as the whole of China was immersed in the beautiful anticipation of the upcoming National Day holiday, a heavy blow from the governmental sectors made these uninteresting. Everyone must have seen the content. The first is that ten departments including the National Development and Reform Commission issued a notice on the rectification of virtual currency mining activities, requiring all regions, departments and related companies to attach great importance to the rectification. Prevent and dispose of the risk of speculation in virtual currency transactions.

After the announcement was issued at 17:01 on the 24th, the currency circle was in an uproar, the market plummeted, almost all currencies plunged, and market sentiment was panicked. If these two explosive news are strictly enforced, users will basically be prohibited from participating in virtual currency transactions in the future. Later, we will see the intensity of the policy tightening. It is estimated that the currency circle will not be very good in the next short period of time. At this point, everyone must be psychologically prepared.

We might as well pay close attention to the impacts of this incident over the coming weekend. Although the previous precedents are all gone without severe aftermaths, this time I personally don't expect it to end hastily, and there should be follow-ups. This heavy blow has already caused market panic yesterday. Most retail investors have begun to sell their chips to realize cash, and the number of people who have realized cash and flees has continued to increase.

At the moment, I suggest that you stay calm, don’t listen to hearsays, analyze the central idea of the incident correctly and rationally, and pay attention to the movement of the leader. Don’t rush to get out of the car and find that this is just a dishwashing, then shoot it off. The thighs are gone. For now, friends in the car hold on and hold them firmly. Don't make decisions blindly and watch the changes.

Virtual currencies, cash out or hold?

In the long run, supervision is beneficial to the currency circle. For most retail investors, it can play a protective role and reduce risks. In recent years, leeks altcoins are too arrogant. How many people lost their money due to roads, exchanges downtime and pins, and even serious wives and ties, and family breakdown. So I think that only governmental implements effective supervision to make players less hurt. Don’t start all kinds of annoyance just because of the advent of supervision policies to fight the bull market. There is a good way to look at this matter correctly. . Of course, with the upgrading of supervision, the panic in the market has increased, the price of currency has fallen, and temporary pain is inevitable! However, in the long run, the virtual currency market still has prospects in the future, so if you are an investor rather than a speculator, it will be beneficial to you on the other hand. Only compliant and legal actions will last long.

The best scenery lies ahead in the future!