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The bubble has burst!
When I first talked on eToro about the fact that we are in a bubble and that "what comes up must come down" people said that the laws of physics don't apply in the "Crypto Word".
Well few days later when everything is harming down and over $20,000,000,000 of the cryptocurrency market cap has evaporated, people finally start to see the picture.
If you invested in crypto-currencies and you're scared right now... don't be.
It's actually the best thing that could happen!
First of all - not a lot of people know that you can actually make money on crypto currencies if the prices go down! It's called "shorting" and you can do it by trading CFD (contract for difference) on platforms like eToro.
You can sign up using this link and get an extra 20$ with your first deposit.
Now whenever the prices will hit their low then it will be the time to BUY back again.
The biggest secret of trading is "buy low and sell high" and although it sounds so SIMPLE - 99% of people do the exact opposite !
They buy when the price goes UP and they get hammered with every correction like the one we are having right now. But if your smart you can use this situation to your advantage !
So What can you do if you bought high? HOLD
Do not sell as you only lose money when selling something cheaper than buying. Remember what happen with Bitcoin? When his course broke down, people were selling bitcoins for a pittance compared to his current price... and now they probably regret it. You only need to treat your investment as a long term deposit. That's all.
Remember: You only lose when you sell.
Now there's no shame in making an extra buck or two on the way down as well :) and collecting some extra capital to buy again the cryptos you want at promotional prices!
Currencies such as BitCoin, Ethereum, Steemit, Ripple, etc. have such a large community contributing to their further development that the resurgence of prices is only a matter of time.
So keep calm & do great business leads & gentlemen !
Stay tuned here or at https://www.etoro.com/people/morekart for more insights on trading.
Disclaimer : Bear in mind that I'm not a professional trader nor a financial adviser. With any investment there is some risk involved therefore I would recommend investing only the money you are willing to lose.
"Remember: You only lose when you sell."
Well said. So many people become fearful and sell out. It should return to where it was, it just might be a long hold. Long term bullish.
In other news the other market that's in a bubble right now is real estate...
Thank your for this article, flwd