Crypto downtrends

We all have seen in the last week how there is a downtrend in the crypto market almost in general, Bitcoin has lost double digits in value and the main names of the top 100 list has followed it, all the graphics shows red colors meaning up to 30% lost in value, with a few exceptions that are performing very good against the trend like NEO, EOS and even the Binance exchange token. 

If you have been around the cryptocurrency trading for a while you know this is not an exceptional thing to happen, these cycles of ups and downs are a normal thing for the Bitcoin and altcoins. In the other hand, for the newbies that has come just recently to know about Bitcoin and invest in this lucrative economy might be a little in panic. Well, do not worry, this is shopping time! 

This raw market has drastics moves depending on the offer and demand, as simple as if you see lots of spending in certain coin you can be sure that is gonna go down in price, one big player pouring money on a coin can make the price go up or down, because that's how it works when there is no central regulator to keep things balanced. Some people call these downs as "market corrections" and some others just the normal cycle of the crypto, you choose. In the end is something that you have to get used to it, the only way to prevent this is to keep track of the news, deadlines for profit returns, company's roadmap, etc. 

If life gives you lemons... buy Bitcoin! 

I think the best to do is to see the silver linings in these kind of situations,  instead of getting worried that Bitcoin and its similars are going to the trash just see it as an opportunity to make even more money, these are cheap prices! Almost 3 weeks ago we saw the Bitcoin price hike up to $20,000 dollars, everyone saw how the investments got close to the $1 trillion dollars for the crypto market in general, so this are facts to keep in mind for the big picture and the prospects of the market. If we already reached that mark is just a matter of time to get there again, every time that the Bitcoin has fallen for whatever reason always go back up bigger and stronger. So if we know that something that was sold once for 20k and now I tell you I can buy it for 13k, what would you say? Buy it! Take advantage of the "sale". Is not easy for everyone to see this, but if you are on the trading game there is no better time to go crypto shopping. 

January is a complicated month, we are just getting over a time for a lot of spendings due to the holidays, a new year always come with mixed perspectives for the economy and a lot of people are just trying to play safe and recover for the long run of the year. Im guessing that after all the fuzz during the last part of 2017, altcoins got in the eye of the general public. During the first week of January the main exchanges were crashing or closing its doors because the demand was too high to maintain the platforms, this tells you how money and trust is being poured in crypto. Probably due to these temporary breaks we have to see this crashes, that represents a time to prepare the platforms and community for the inflow of money and expansion of the market.  I would say thayt by the end of the month we are going to see a big spike again in prices, there are many signals that could lead this bullish trend, hot blockchain companies are starting to deliver products or return of profits, the USA tax returns on investments are coming, big traditional players of other sectors are joining the blockchain space, etc. 2018 seems like a good year for crypto and the consolidation of the blockchain technology. Just wait for it and go buy Bitcoin, or whatever other crypto you think might do good in the future, these are the January sales. 

With these prices what do you want to buy? Which "sales" would you recommend?  Please share your thoughts in the comment section. 

Thank you for reading,

Cheers!