I've been looking over on Twitter and some of my YouTube comments and I have sensed a lot of panic. People, the entire cryptocurrency market surged to new all time highs near the end of Decemeber. We even surpassed a $800 BILLION market cap. Some people have bought the peaks of some cryptocurrencies and are now in a panic where in certain situations the value of their investment is now worth 50% less than when they originally invested. I know that it can be scary losing that much value, especially when you are new to the space. Just remember, if you are investing in a project that you feel has a lot of potential you should not be worried. The market is going to go back up, panic selling is the worse thing you can do.
Corrections like this are HEALTHY. If you think this is scary just imagine how scary it is when something continues to climb with no signs of slowing down. Eventually it will have to come down, and the higher it goes without a correction the harder the fall will be. If anything, this is an enormous buying opportunity. I know that I'm going to be taking advantage.
You are right. Indeed, my hardcore tracker friends predicted this almost to the note in December. They predicted a major correction in the third week of January, then a little apparent rally before a final 5th wave correction that would either pierce the support at 8k and drop down as far as 4k or finally meet the strong support and work back. Looks like it may break past 7k so far but either way, this is just a great opportunity to buy.
Thanks for your post!
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great chance to buy the dip!
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