Another Day Another Dump

in #bitcoin7 years ago (edited)

A lot of people, especially the media give various reasons why the market price maybe dumping. Some say the cause is Tether, Futures trading or Facebook banning ICO and crypto ads. Although the facts my have an influence on the price, I believe they all bullshit. Excuse my french but it is really disappointing to see how people have come to think of the cryptocurrency market. Treating the market like its a cash-cow that you can milk to get rich quick is the wrong thing to do and all you end up doing is buying high and selling low.
I definitely do not have the biggest knowledge of the crypto world but I definitely do my research to understand the technology the best way I can. This is also what I advice others to do. Instead of focusing too much on the money why don't you think of how you can contribute to the market to strengthen it. You could think of a project to build up the eco-system so we all may benefit. And if you all about investing, then invest what you can afford to loose, HODL and go to bed. If you are one of those that sell out because you see a 40% drop in price means you have got weak hands, you have invested what you cannot afford to loose and you are not fit to be in the cryptocurrency space. When people like this leave the market, all it does is bring balance and strength to the market. Now we can see the true value of the coins we hold. I am loving this correction.