When I checked out the charts today when I woke up, I'll admit it, I got a little bit shocked when everything was red :D But yeah, there's no reason to worry because these things happen all the time! Cryptos always recover, so it's the best time to buy something.
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Yeah, I mean, it's a lot of money vaporizing. Certainly doesn't feel good. If you are able to buy some and you get used to this price though, it'll feel great when it shoots back up.
Is it a cheap market to buy into? Well, we are trying to make comparisons with the DotCom bubble. Total Market Capitalization of the sector. As of today (16 January 2018), Crypto market is valued at around 588 USD billions while the DotCom bubble at its heights had a figure of higher than 4 000 USD billions!!! Now let's add the factor of worldwide participation opportunity for the crypto sector, while DotCom was mainly a local US event! Then we have to assume a global market growth and monetary expansion during last 18 years. So, you can briefly imagine how big the REAL crypto bubble can grow! More details here
https://steemit.com/crypto/@p2port.com/cryptocurrencies-bubble-or-not-dotcom-example