What happened to the market? You think this is bad?
Hello Steemit Community!
The last 30 days was a rollercoaster of emotions, the market jumped to all time highs with crazy 2 figures gains in several days straight and alot of media and mainstream awareness mainly because media flashing the big gains.
Alot of fomo people entered the market expecting easy and fast gains without doing any research and just investing because some said they will make money but there is no golden eggs chicken.
Now we watched a big crash following some FUD China and South Korea news mixed with big personalities like Wareen Buffet and ofcourse whales love this kind of FUD news and tank the market down causing panic sell and a snowball effect so they can buy it cheap.
This is very important for the market, very healthy because the market can't go only up, needs correction and the evaluation of the projects needs to be real and not speculative.
I hope new people learn the lesson and start researching and invest in real projects and hold because trading is not for everyone and people will get ripped in the future.
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People never learn their lesson. Once the fomo and greed kicks in, all rationality and reason fly out the window!
I believe some will learn but is a very low % of them ofcourse
Yup, we need to be ready for the ups and downs of this space. This was a warning call to many folks, not to put in more then you are willing to lose.
Very true, people getting crazy when they see big profits and made stupid mistakes like take a loan lol
Want the correction to stay longer. I'm yet to buy the dip.
Correction is needed and healthy for the market, buy the fucking dip :D