Is this really an amazing time to invest in crypto?

in #crypto7 years ago

Crypto markets are facing a huge correction right now all across the board. 97/100 of the top 100 coins are in the red, and the prices seem to have stopped going down for now.
So, is it a good time to invest?


Coinmarketcap.com

Yes, I think that this is an amazing time to invest in cryptocurrencies, as the markets have corrected immensely after the big spike in the market cap we have been seeing for more that a month now.

Why do you think that it is a good time to invest ?

Well, the markets will definitely bounce back after the correction, it is called a correction after all - the prices were too high to sustain themselves and had been rising for a long time. It always happens after such big rises, it is like a circle basically. And the prices being down so much, you can make a lot of money if you buy now and hodl thru the correction.

What are some good coins to invest?

Honestly if anyone tells you the a coin is definitely going to increase in price, they are talking nonsense and they are morons. All I can say is to do research on the top 10 coins such as ethereum, bitcoin, ripple, litecoin, cardano, neo and decide for yourself on which one you should invest in. In my view ripple has decent potential to be a transaction medium, it being fast and with low fees, and frankly I think that it is in the oversold state right now, so we could expect some people to FOMO back into it. But I am not making any predictions right now, it is up to you to decide which coins you like the most. All I am saying is that this definitely is a good time to invest.

Disclaimer: I am not a financial adviser, just another friendly duk, and am not telling you to pour your money into anything. Take everything with a grain of salt.

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Did you think it was going to be bullish forever. Lets all ignore the fact that it had the single biggest gain in a year than any other major asset class had over 5 years, compounded.

Agreed, it honestly exploded way faster than it should have, with too much media coverage and such.

u explained it well...but i think we should let some things settle first

btw thanks for sharing ur views

i too wrote some thing hope you wil enjoy that have a look please
https://steemit.com/smartcryptotraders/@aiourahmed992/what-can-bitcoin-reach-usd100-000-in-2018-shocking

Sure thing!

The market needs some correction at a certain point.

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