Bloody Tuesday in cryptoworld!

in #cryptocurrency7 years ago

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Today we saw a major correction of 10% to 20% in almost every single cryptocurrency and token.
Now there are signs of recovering....

But why did that happen?
It is obvious that the current market conditions with many newcomers is extremely sensitive to negative news.
Everybody is entering to make quick money without studying his investments.
I was never fan of extreme gainers because a 24hour gainer coin can the same way became an extreme loser.

Always study the technology behind ever token and have faith in what you invest.

This kind of volatility is only positive for the traders who know what they are doing.

In my opinion this is the best time to enter the market or buy some more.

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It takes a brave man / women to enter or buy now ....

Very true. Who knows it may further dip.

You are correct no-one knows what the future beholds but the size of the dip is enough to be optimistic just for short term.

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