If you are into cryptocurrencies a day like today is a day to dream for. If you invest in solid coins with a solid strategy, this crash can only help you buy more of that coin you love.
Large market caps means people believe in the coin, the market is new and volatile, but that doesn't mean it will disappear. Invest in coins you research and aren't ponzy schemes most coins start giving a nice return between 2 to 5 years, depending on the target.
It should be like black week for crypto buyers! Enjoy the shopping!
so true. but its so hard to pull the trigger when the price keeps dropping so fast. something is really wrong with my brain because I had no problem shelling out dough when bitcoin was 18400 but when it hits 12500 I cant buy. that's probably why I'm down big time with my crypto holdings.
Yes probably buying btc at such a high price, was tough. However in my humble opinion, btc will hit $50K this year and only move up from there. I would also look into smaller cryptos with a promising future and product. ADA (cardano) or HVN (hive) both solid projects, that are currently at a very reasonable price, this smaller currencies can offer a higher long term return than bitcoin. However bitcoin is the Gold of the crypto world, so just Holdddd it!