I took this opportunity to add a few more to my Bitshares account.
We are most likely getting near a bottom. Weaker hands have been flushed out. There might be another moves down, but I dont think it will be too far (at least I hope not).
Cryptocurrencies are very volatile and I think most are just getting use to that. Most people are accustomed to the stock market where 30% moves in a 24 hour period means something is seriously wrong. In the crypto world, this is normal.
We can also see 20% moves upward in a heartbeat too.
That is the market we are in. With so few traders and such a small market cap, things are going to move in big ways. Find good projects and buy the dips. It really is that simple.
Adding to quality positions will only enhance your returns when the markets turn around.
Look at some of the blockchains and what is going on during this recent collapse...
BTC is starting to implement lightning.
LTC and FB might be nearing a deal.
ETH is solving some of its traffic problems.
STEEM keeps steemin.
Those are just a few off the top of my head...yet the prices are being driven down.
Purely FUD.