I just recently started investing in alt coins and made some quick money due to a couple big spikes for some smaller coins. The market just took a nosedive and I'm wondering if this is a temporary crash or more of a correction after those few spikes...
Thinking I'll just buy more Bitbean while it's cheap!
yeah, the same thing with steem/SBD. i'm holding for long-term( 5 years), so i believe in crypto's. just my view.
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Yes longterm, nowhere but up!
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Be calm, the cryptocurrencies market is now FUD, so selling power is relatively dominant. To save money and control your own psychology, it is best to shut down your laptop and take a few days off. Particularly bitcoin market, in June - 27 -2017 Dominance index has increased again and when there is a seller of course there must be buyers. Some people lack knowledge about what will happen on Aug 1 -2017 so they have tried to sell their bitcoin accounts, while others are trying to collect as much bitcoin for themselves as possible. Personally, I advise you not to sell your account losses now, as the bitcoin price will soon recover at $ 3,000 and then straight up to $ 4600 - $ 5000, calm down and save the secret phrase of bitcoin wallet into a secret place, absolutely not photographed, saved online or computer. That's all. Be sure BITCOIN WILL NEVER DIE!
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Definitely a good idea to stock pile while its low. I don't anticipate it being this low for too much longer wink, wink
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