Finally!
This market has been so overheated that I'm welcoming this correction. It will shake a lot of weak hands out, force investors (or speculators) to learn some valuable lessons, and we'll all be better off for it as we find new, solid, support.
I wouldn't be surprised if we slid all the way down to the $420 B market cap range and trended sideways for a bit.
This drop is very big.
I have lost all my profits and then some....nothing healthy about that. Cryptos will have to become more stable to even become legitimate. They can't shoot up 300% and then drop all the way back down all in a week....that's just a scam not an investment.
Those profits from the growth were more unhealthy then the subsequent drop is the point I believe @unlockrs is making.
Some coins are scams, and that's why due diligence is so important. You can't pretend an always rising market is healthy and decry the loss of those profits as a scam. Find projects that speak to your sensibilities and you have long term belief in and hodl.
Why did you let yourself get scammed?
Agreed, thanks for the post.
Nothing wrong with a little sideways.