So today we see crypto head south and into the red and the media goes wild with speculation that the bubble has burst. Has it? Well that depends on how short sighted you are.
I believed a correction was always going to happen, crypto is a rollercoaster of ups and downs with large movements over short periods of time. It’s in its nature to dive every now and again, just as much as it’s in it’s nature to rise quickly.
I guess where I’m going with this is I don’t see why we have all the tears today. If we talk Bitcoin there is still a gain over the past month hanging in there, it’s still up over the start of the year. It’s been phenomenal performance yet people cry when it takes a breather.
I say hang in there, crypto is a game of nerves and those who ride the waves will win, even if it’s not tomorrow.
Hi there.
Personally i was counting on the Santa Effect and expected the correction to happen after Jan the 5th.
Still i see it as a correction and i don't buy the 1929/2008 correlation that many people are trying to impose.
Keep up the good work.
Cheers!
If I were a betting man and in someways I must be having an interest in crypto. I would say come January it will be like the January sales here in the UK People will queue to pickup the bargains.
2017 was a good year for Crypto and the word was well and truly spread on its capabilities to make and lose people money. 2018 through to the halving of Bitcoin in 2020 will be like a land grab as people race to get hold of some before it becomes even scarcer.
Have a great holiday period and sit back and await the January sales.
It might just be me, but crypto is the only investment that seems to be a win no matter what direction it heads.
As i have used all my risk capital already, i have no choice but sit back and relax mate.
Although i am a bit jealous of those who stock up coins during the dips, i am HODLing!
As you said cryptos are hear to stay.
Have a great time too.
Cheers!