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RE: Market crash - Is it really a crash?

In my option I believe the sell off will continue for a few more days and then it will level off. I think that the bitcoin problem is clearly effecting the rest of the crypto currencies and as soon as the hype/scare of this fades that the crypto's in general will bounce back and resume trading as normal. I say this because as an active crypto trader i have noticed the volume of crypto decline across the board for the majority of the tokens.

I have been trading equity options in the stock market for 10 years now and what i'm seeing with the crypto market is the same thing that happens in the regular stock market year after year. People loose confidence in the market for a given reason. The prices fall to a support level, confidence is restored for what ever reason and then the bears come back in and drive the price back up to the previous price if not higher. Im my opinion I would not look at this as a time to flee or get scared. I would look at this as a time to buy and average down your current investment entry price.. For example if you owned Ether @ 315 and now you buy it at 215 your current price of ownership averages @ 265 instead of 315.

Look at this dip in the market as an advantage not a hinderance and buy what you can while the price is right..

Im sure you have hear the saying in the regular stock market "BUY THE DIP" well people... this is it.. its all relative !! happy cryptoing



So you believe like me that Bitcoin just got a hangover from the last months uprise?

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