Things to think about as market is dumping

in #bitcoin7 years ago

When crypto market is dumping like this it's likely buying opportunity because people will realize sooner or later that...

A) binance was never hacked
B) Japan is punishing terrible exchanges
C) SEC is making crypto trading better for you

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What's your take on the Mt. Gox trustee sell off (and how much more there is)? For me, that was the concerning part of the fud storm from yesterday.

Going to write about it shortly.

Did shoot my dry powder a day to early. Hope that I did make the right decision.

I don’t think you got in to early

Thx for the reassurence!

@crypto2crypto its really need a lot of patience and courage to accept the loss. one of my friends just invest in the crypto currency he have no patience when the graph goes down. He smash his chair into his computer

People want speed more then anything else. I prefer stability

That's why just HODL !
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Very true...
So what is the way forward

Honestly. Invest in quality and be patient

What people don't yet realize is that crypto is the future! One day we will look back at Bitcoin to find out how cheap it was trading at 10k! Bitcoin has the potential to reach a million dollars which would put its market cap around 20 trillion USD which is quite possible when comparing it with gold, which has 16.7 trillion in market cap!
These dips in prices are the best time to score some of these cryptos at a cheaper rate!
See it as a buying opportunity, not as a crash! Stay positive and HODL!

Cheers @jaedea

I am continiously watching cryptocoins going down quickly. Some for a day and some for a couple of days. Some obviously are pump and dumps. Perhaps every one of them.

Buying power is a very important thing...

I agree..BTC is back in market crypto mkt share! ETH is about to fall and all altcoins will follow. ETH & alts had too good of a pump in 2017...will see some serious dumping in 2018.

dumping is part of crypto

well you are right, it's the best time to buy, me and my friends are also thinking to buy some.

iT's not the time to think, it's a time to take some action.