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RE: ...

in #crypto6 years ago (edited)

@rok-sivante.
The article seems to have been written straight from the heart and has empathized with the feelings of millions of cryptocurrency and blockchain technology investors globally .You have been able to reflect the pensive mood and the feeling of impending doom felt by these millions of investors. Without going into the reasons for the crash i would like to just mention that the price and the speed with which these crypto-currencies had moved up in the recent past there was only one direction where it would have moved next.The next move would have to be downwards only and nowhere else.The valuations had overstreched by all measures and the people who were holding these currencies cashed out at the market peak.They were the smart investors who were also the informed investors. They handed over their holding to new uninformed investors who had joined in the bandwagon for making some quick buck while the momentum was strong but they got caught by the sudden drop in the price and valuation of these currencies.People who sold it at the peak would be laughing all the way to their banks.

There is nobody else to be blamed but the greed within us and the indiscipline in our approach towards the investment in this asset class.
The silver lining however is that there is value in block chain technology and now the valuations are much more favourable for investing for the long term.My suggestion is that it is the right time to start nibbling on these currencies for a long term portfolio gains.