Crypto market panic 2018 and what happens next

As the crypto market bleeds and the total market cap declines to the 200bln mark, a lot of people are freaking out and rage quitting the sphere. Analysts are coming out with gloom & doom predictions about the beginning of the end for bitcoin and crypto in general, spreading FUD and squeezing out the last hopes of late-investors who are currently at a loss. Google searches are down, youtube crypto gurus are seeing stagnation in their subscriber numbers and there's almost a tangible despair throughout the community.

It SEEMS BAD.

However... Keep in mind that this has happened before. It's just the way the crypto crumbles. And then usually comes back with a vengeance.

(image taken from thebitcoinnews.com website)

Let's take a look at some FACTS:

The 200bln mark was reached for the first time in history just 9 months ago, around the 8th of November 2017. And what followed was an absolutely insane and ultimately unsustainable growth where the market peaked at about 830 billion USD on 8th of January 2018. In just 2 months time, the market quadrupled in size. But NOT in actual VALUE. The value is yet to come (or not). Many if not most cryptos and ICOs received ridiculous amounts of money for the PROMISE of building something worthwile in the future. How far along is that future? We'll just have to wait and see.

But amid all this confusion, fear, and pessimism, a lot of companies are taking the trust of their investors seriously, diligently working on the tech and laying the framework of what is to come.

For now all we have are the foundations. Construction, however, is well under way.

*p.s.: Does it go without saying?.. This is not financial advice. Do research, educate yourself and invest wisely.