The past few days have been a serious gut check.... For those in it trying to get crypto-rich and leave their 9-5 next month it's probably even worse, but I certainly don't think it's the end of crypto or anything.
It's a little more severe than a "healthy correction", but I think it will come back over the next few weeks and months. Blockchain tech isn't going anywhere.
In my opinion we gotta be in this for the long term just like gold and silver, the short term insane highs are always fun and exciting, but sometimes a dose of reality is a blessing in disguise.
Hopefully this is a nice step towards maturity for cryptocurrencies, but I guess we just have to wait and see...
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Yes, this is right. Do people already not remember $35 silver? Well $35 cad anyway, Not that long ago really. Then a long correction which has been a buying opportunity like never before. Or how about the .com bubble pop, then a market recovery. I think crypto has to go through the same, but I think it is a much faster market!
I was fully invested in the silver rush of 2011. Sold at $41, and around $31. Sure glad I did.
I"m with you. Just waiting and seeing what happens. I'm in and won't leave. Wish I had more powder at these levels.
Thats always the problem, lack of liquidity in times like this when you could be buying up cheap assets or crypto!