Cryptocurrency prices are in free fall
This is another cycle as I like to say and let me show you what I am talking about.
In July this year something similar happened. Ethereum went from $400 to $150 and Bitcoin dropped 35% being at that time around $1800. And people panicked and sold, big mistake watching today prices.
This kind of correction was expected. Let it be over and the prices will rock again. We might see this one because of the Christmas but I am really happy, it is shopping time.
The total market cap went down like crazy from around 650B to 485B.
You shouldn't care about it, trust me, spend your time with family, everything will be back and even better. I am also happy to see Steem price is still over $2, with a great support around that value.
Excellent suggestion the dumps are also part of the crypto game and it's true there is no need to panic in dumps because we all know that the future of cryptos are so bright and if we hold our cryptos in those dumps we shall see great result in near future.
Correct. Everyone needs to realize that if they sell now, they will lock in a loss. Hodl.
To me this is good news
Its time to convert my fiat to crypto
I see crypto growing very fast after this fall.
great suggestion my fd @jwolf. resteemed
JUST HOLD YOUR PORTFOLIO, Don't rush yourself into panic sells
This is true, a lot of people around me are panicked for almost all the altcoins they have invested in are continuously going down. A single look at BTC chart for last 6 month will explain everything. By the way, title of the post is very good.
i see the market some months but i dont understand this market suddenly fall and its again down after july and i ask many experts but dont know the reason back it it jwolf whats u opinion on it
That just means; next year will be another 10 bagger!
I totally agree with you @jowlf. A similar thing happened when China banned BTC. It was a dent of 15% to BTC market. The price came down to $3000. But what happened after that is what's going to happen again. So those who sell now will repent.
Really helpful post. Steem On!
Keep calm. Be patiened and hodl ;-)
Agree!
I think we can all agree that this is a HODL moment
It is truly hard for someone who got in the game late with a portfolio less than 1000 dollars! It feels like I either wasted money or bought at the wrong time...hope the correction surpasses the old numbers so I can make a profit!
this is a HODL + buy moment
After I convince my wife to let me buy lol- that’s the tough part
I know. My wife still thinks that the Steem in my wallet is not real, that it cannot be converted to euro's. I'll just let time pass by and eventually she'll see, I guess.
The struggle is real my friend.