Crypto Correction! What to do...?

Unfortunately this looks like this beginning of a bear couple of weeks. Until the industry as a whole can address scaling, this will continue. Basically, in almost every rise and dip situation that btc has faced, it has knocked on the door of some limitation, then fallen dramatically. Currently the limitation is 2 fold

1. Exchanges

Exchanges need to figure out how to move people from FIAT into crypto more fluidly and on a larger scale. This will alleviate one limitation.

2. Blockchain scale

Transactions for btc and eth were wildly expensive. It was clearly unsustainable. Furthermore, most transaction would take some serious time to confirm. Considering many transactions are between exchanges right now, and exchanges require confirmations before you can use the currency, this greatly slowed down transaction times and really soured the experience for some people.

You cant tell someone they are going to have near free & instantaneous transactions then show them a 50$ transaction that took 3 hours to be useable. It just give the idea that the whole system is BS, especially as almost all people are skeptical to begin with.

Now, because the system is not BS, these issues will be addressed. In fact, currently yhey are being addressed by many different set of people who stand to make a large profit by solving these problems. Just to name a few:

Exchange to Fiat: Binance, Kraken, Coinbase, Changelly ... every exchange on the market can make a killing from this.
Blockchain Scaling: Raiden, Plasma, Lightning Network, Rootstock....

Unfortunately for us, these changes did not come about soon enough to avoid this dip.

Because some or all of these issues will be solved the next time bitcoin and eth double, triple or x 10, i would expect now would be an excellent time to

#BUY THE DIP!

Thanks for reading,
-libertyhound

State of the market:

For new readers:

Cryptogram is my personal journal of thoughts about cryptocurrencies and related topics.

Purpose of CryptoGram:

Currently in the crypto space it can be difficult to remember what you have discussed or been thinking from one week to the next. The rapid development of, and many changes in the space keep everyone on their toes. Now that I have been financially involved in the space for roughly a year, I realize that I would love to have my thoughts from 2017 written down somewhere. I believe having this information will help me stay focused, avoid repeating past mistakes, and hopefully help some other people, (anyone who decides to read this,) from making those same mistakes.

Briefly, I need a place to record my train of thought and that place will now be dubbed "CryptoGram"

My thoughts on the structure of this post are:

• About 500 words.
• Frequency of once a day to once a week.
• Each post will have a number and date.
• A snippet of top 5 cmc coins for price reference. (state of the market)
• I will always use these 5 tags, three of them will be:
  • bitcoin cryptocurrency ethereum
  • the other two will be topic specific