Bitcoin found support after dropping to the $5900 level and then bouncing hard back up past $7000 on sunday.
Remember it costs around $6000 for Bitcoin to be mined currently so this bounce was to be expected.
It sucks that we have to make our trades based on Bitcoins movements for our other altcoins but right now this is the game that we live in.
A good example is, if Apple Tanks then everything else in stock market tanks with it which makes 0 sense in a realistic world, but we don't live in a realistic world , the crypto world is literally so new even after 9 years we are still very much in the early stages.
A lot of people have been freaking out over this giant dip but this is an exact match to what has occurred in 2014.
In the grand scheme of things bitcoin has made higher lowers on a year to year basis. I remember back in fall when we kept making higher highs and I was astounded at the pace that the market was moving but was also scared because of how fast it was moving it would mean even harder falls after the peak.
As always guys trade wisely but for now just keep cost averaging your investments.
Right now MTL and KIN are my priority investments as they are both super cheap right now and I am excited to see how the markets move into 2019.
