Bitcoin Bubble Burst? Cryptocurrency Meltdown? What happened?

in #bitcoinkenya8 years ago

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The HUGE correction of the markets yesterday felt like the bubble had popped! But actually it was all orchestrated before hand with articles about “An Impending Bubble” to mentally spook the markets. Obviously yesterday people were panic selling, margin traders had their positions liquidated and the ONLY people that could have profited from this were the ones that held SHORT positions on BTC/USDT.

Then of course there are the fundamentalist that were mentally prepared for days like this, stirred their ship on course despite the very rough wave we had. While everyone's boat was being turned over and sunk. Those who heeded my advice would have just shrugged it off or even bought more.

Buy on dips/crashes/consolidations and NEVER EVER CHASE when it skyrockets (FOMO)!

Be Brave in this market guys. As more money is flowing into the system, so will the swings. Always build a long term portfolio and do slight take profits here and there to mitigate downside risk but other than that stay invested in crypto. The PAY OFF is gonna be huge!

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I wouldn't go so far as to even call it a correction as it happened so quickly. It is as you say an opportunity to get back on board for another move up. I didn't catch the bottom but got in at 1950, looking to exist again at 2350 before another pullback.

Great entry point! Let's watch this ....

Great advice! ☆☆☆☆☆😎

Worry not on value, rather rejoice with increase holdings.

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