The Crypto Monday Massacre, What To Do Now

in #bitcoin7 years ago

You check coinmarketcap and everything is in the red.

Then you check your blockfolio app… you just lost another zero.

What’s going on? Is bitcoin finally going to die???

It’s time to take a deep breath and keep some perspective.

In the less than six months the entire cryptocurrency market went up over 500%.

That’s not sustainable, not in any market.

So what we’re having now is nothing more than a normal correction, albeit a crypto correction. I expect it to be quick and deep.

But keep in mind there’s still a lot money of coming into the space and it’s still reaching mainstream awareness.

Plus, bitcoin could activate SegWit before the summer is out.

Sentiment can change on a dime.

And don’t forget, there’s still a long ways to go.


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Simple.

Market is green, watch your money grow, and smile.
Market is red, BUY while others CRY, watch money grow tomorrow, still smile.

Exactly! There will be drops on the way up, but the yearly trend is up up up!!!

It is going up no matter what, I don't care what anyone says, I am seeing a lot of activity out here in the Silicon Valley with crypto everything. following you now too @travelersmemoire

The great dip-ression, buy buy buy! Everything's on sale!

i can see it already all the i hate my life trolls , mouth breathing drooling establishment slave idiots screaming see i told you so. time to pick up some deals, but always keep some dry powder, could be more downward swing

Been hearing it all day, ugh

keep plenty of dry powder (Bitcoin), this is an OPPORTUNITY to get some great deals!

Absolutely!

best strategies is to hold btc and secure private keys , it is not definitely the time to just dump

Bitcoin is alive and very well and is nearly twice as valuable as an ounce of gold.
Crypto has a long way to go before we get to any sort of bubble.

Wasn't that long ago BTC was less than an ounce of gold, seems like ages ago

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