This is another cycle as I like to say and let me show you what I am talking about.
In July this year something similar happened. Ethereum went from $400 to $150 and Bitcoin dropped 35% being at that time around $1800. And people panicked and sold, big mistake watching today prices.
This kind of correction was expected. Let it be over and the prices will rock again. We might see this one because of the Christmas but I am really happy, it is shopping time.
The total market cap went down like crazy from around 650B to 485B.
You shouldn't care about it, trust me, spend your time with family, everything will be back and even better. I am also happy to see Steem price is still over $2, with a great support around that value.
Are you a long term holder or a daily trader?
Excellent suggestion the dumps are also part of the crypto game and it's true there is no need to panic in dumps because we all know that the future of cryptos are so bright and if we hold our cryptos in those dumps we shall see great result in near future.
Correct. Everyone needs to realize that if they sell now, they will lock in a loss. Hodl.
To me this is good news
Its time to convert my fiat to crypto
I see crypto growing very fast after this fall.
great suggestion my fd @jwolf. resteemed
JUST HOLD YOUR PORTFOLIO, Don't rush yourself into panic sells
This is true, a lot of people around me are panicked for almost all the altcoins they have invested in are continuously going down. A single look at BTC chart for last 6 month will explain everything. By the way, title of the post is very good.
i see the market some months but i dont understand this market suddenly fall and its again down after july and i ask many experts but dont know the reason back it it jwolf whats u opinion on it
That just means; next year will be another 10 bagger!
I totally agree with you @jowlf. A similar thing happened when China banned BTC. It was a dent of 15% to BTC market. The price came down to $3000. But what happened after that is what's going to happen again. So those who sell now will repent.
Really helpful post. Steem On!
I think we can all agree that this is a HODL moment
It is truly hard for someone who got in the game late with a portfolio less than 1000 dollars! It feels like I either wasted money or bought at the wrong time...hope the correction surpasses the old numbers so I can make a profit!
this is a HODL + buy moment
After I convince my wife to let me buy lol- that’s the tough part
I know. My wife still thinks that the Steem in my wallet is not real, that it cannot be converted to euro's. I'll just let time pass by and eventually she'll see, I guess.
The struggle is real my friend.
Keep calm. Be patiened and hodl ;-)
Agree!
I shall not be looking at my blockfolio at the moment! yeah, everything would be back to normal as you said! :)
always HODL
Thanks for the update
cheers @jwolf
The markets are bleeding, time to buy a little more :)
I am worried
It's a good moment to invest and take profit later. Anyway, and just for fun: ¿ What's the minimum price you think bitcoin will reach ?
Hodl and get your fiat in! Once we break 1 trillion in market cap the second stage ignites and we will be supersonic!
Merry Christmas
@Resteemed
thanks for the info
Excellent chart! Thanks for nice information
it's a really good and informative post. thanks for sharing.
Thank u so much @jwolf for ur encouraging post.
Merry Christmas.
Thanks for this information.
all coin is going down
very good your post.thanks for sharing
This is a trying time for a newbie like me...seeing my wallet value drop drop drop is painful...anyway am now fully certified crypto guy after this experience hehehe...
thanks for share
Full 100% and resteemed :-)
It’s really interesting that Steem has held it’s price. I agree that this is shopping time. Grab those alt coins that you’ve been watching. It’s scary but don’t panic sell.
i saw the price correction and i don't want to do the same mistake again i am happy to see the corrections infact
This would definitely make alot of people panic. Patience, smartness and being alert are the keys to a wise investment.
the struggle is real
That's how life is ... With good moments and bad moments
Those are the Christmas sales.
A great opportunity to buy some more coins.
Keep it up man!!
Hi dear @jwolf I hope you're doing great. Today was a big day for all the people who have invested in cryptocurrency. Big day in the scense that bitcoin gave another chance to the people who had missed to invest in Bitcoin. I myself invested a small chunk in Bitcoin. And people should hold their investment by all mean. This is a temporary thing so don't take panic. All the best dear.