Cryptocurrencies falling beautifully! = Time to buy more!

Behold the sea of RED!

It is natural to feel helpless when you gaze across the sea of red on the cryptocurrency markets today, especially if you've only recently come into the market like I have, and more so if you invested a few days ago when prices were rocketing as I did aswell. It's too tempting to jump onto the price rockets, scared that you could be missing out on great short-term returns.

When I first entered the market I was a culprit of just jumping onto the coins that were bullish (rising in price significantly). I assume that there were many others who did the same. This is likely to have caused the surge in price across the cryptocurrency space in such a short period of time where thousands of new buyers and users are joining the space everyday! This greatly overshoots the actual value of the coin as demand increases. The market has to come back down to a realistic price where it can reconfigure and stabilise itself for the time being and prepare for a new surge. This is therefore the natural correction phase of the market.

This sea of red makes me even more confident! (Green for too long would have raised concerns). Whilst many new-time buyers would have panic sold, afraid of the devaluation of their coins, I perceive this time to be a gift. These low prices are likely to draw in new buyers who can now get into the market cheap and create a significant portfolio from very little. Also it give us time to top-up on on our favourite currencies! We won't be seeing prices like this in a few months or years time! This is cryptocurrency BLACK FRIDAY! So hold what you have and strap yourself in the the long-term.

If it is too stressful keep away from the charts and come back every few weeks! Anyway, will see you on the otherside!

Thank for reading. Much love to the Steemit community!

Namaste