I see a lot of fear among investors in this period, caused by the correction the whole crypto market is having:
What I'd like to tell you is not to worry, because things aren't going bad at all, if you look at the whole situation from an objective point of view.
Let's have a look at some reasons which keep me long-term hopeful about cryptocurrencies:
1 - This correction is healthy, given the strong bullish trend the market followed the past month, ended with the parabolic over-400$ raise in the last days of this climb. It's better to have "soft" corrections from time to time than a big sudden crash, way harder and longer to recover. I expect a 50% correction, which will be a good solid point to start rising again.
2 - The developement, roadmaps and the technology are the same as 3 weeks ago, when everyone was yelling about the flippening. So, if you were euphoric back then, there's absolutely no reason to turn it into FUD. Future is bright for crypto, its prices in this very early stage are driven almost completely by speculation.
3 - Every dip is a chance to buy, if you're a day trader it's a chance for direct profit too (selling at ATHs and buying at dips)
4 - aka what excites me the most - Those bigger dips are a great call to market for new investors. New investors mean a higher potential market cap, bringing back those good old bullish days.
Who knows, maybe the next bullish phase will be the one which brings crypto out of the underground... I think it's a matter of time now!
Keep holding, be rational and don't panic!
Wise words. Thanks for sharing. Always buy on the way down. Things will come back.
Good post my friend nice to me you i am @djnoel ;)
Well described