What are we seeing in this chart?

I took the chart of the total value of the cryptomarket. You can find this kind of information on Coinmarketcap.com for the newbies. In the last day we have seen a decline of the total marketcap of more then 15% which is alot. For some people this is a big issue but it excatly isn't. I will explain you why.

Big Correction or a Bear market

Let me first explain for the newbies which markets there are. You can have a "Bull market" that simply means that the prizes are going up and the market is expanding. In a bull market more and more people get interested.  In a "Bear market" this is the exact opposite people are selling and the market is going down and down. 

Now we got that explained lets head into the recent downward trend. The market got alot of traction in the past couple of months. That obviously isn't a bad thing for investers. But the market can't go up, up and up eventually there is always a small pullback. This doesn't necessarily mean alot of people are selling. It just means that there is a correction in the prices. This happends alot in the crypto world of investing and there is no need to get worried. If lats say the total market drops below $350.000.000 then you should be worried. This is because you have alot of reason to think you are in a bear market then. And you never want to HODL in a bear market. For now it seems to be just a correction to the recent upwardtrend. So i believe we are still in a very Bullish market!

Sell or Keep

Just hold on to your bitcoin and altcoins. If you would sell your coins at a low you will just lose and be one of the losers. Because after the market goes up again you will doubt to buy your coins back again, but you buy at a low and sell at a high! So just hold on to your belongins the market will get back up. I would even recommend to buy some more at this point just because to market is at a low. Remember this is not financial advice but my personal opnion. So i believe this is just an correction of the market. If i'm wrong and the market keeps dropping and dropping then just hodl is not the answer. For now the best thing to do is just HODL! 

I hope you enjoyed reading this and became a bit wisser in these troubled times.

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Written by Minnow Bartcardi ;)