cryptos dropping in price!!! is this a crash? my thoughts on this and why this is for the best

in #bitcoin7 years ago

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The global market has not been performing well right now and when China and South Korea are cracking down on cryptocurrencies and their exchanges in their respective countries,t is just like adding gas to the fire

Many of you know that these countries are the main players in cryptocurrencies. Many of the early investors are probably cashing out after these countries announced their stance on bitcoins and other cryptos and also there has been a news of China trying deliberately to decrease the value of bitcoin.

coming to the main topic. IS THIS A CRASH!!!

Well, this is too early to tell but the crypto market is known to be volatile and isn't that predictable.

I say the crash is good.
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you could wonder why?
well, I say I wanna buy 1 bitcoin and on a normal day let's say I have to pay 16000$ but during a crash, i could buy bitcoin for maybe less and I know about bitcoin and I trust in it's potential and I am certain that it would rise back.

THE HARDER IT FALLS, THE GREATER IT RISES.
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you may be asking "I am holding some coins and this drop in the crypto market is freaking me out, will I be losing my base investment."

To answer this question I could only provide you with my personal opinion and that would be to "HOLD YOUR COINS" your investment will grow back when the market settles down

if you still have any queries then comment them below, I would reply you soon

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