Let me explain this CryptoCrash to everybody infected with STD's ( Short-term Thinking Disorder). If you think the cryptocurrency market is going to die off and become extinct... allow me to pause for a second and thank God that He didn't give me your brain!
Are cryptocurrencies finished?
How far will the market drop?
When will it come back?
We're asking the wrong questions!!! We are looking for answers in all the wrong places.
Let's take a look at Bitcoin. In the beginning of November the crypto market was stable. It had some nice, steady, exciting, real growth. Then it took off like a rocket.
1st question we should ask...
Why?
What was the major breakthrough in late November they discovered? What was the unprecedented new development they showed us?
NOTHING! It was all hype! Media exposure and being in the spotlight caused Bitcoin to 4X in just a few weeks. But growth built on the foundation of hype isn't real. That's why we are seeing this crash, and why we should NOT be worried about the market. If we had some nice, strong, stable, gradual, growth up to a solid $20,000 BTC and crashed from there, THEN we would have a serious problem. But that's not what happened...
Get online and go look at the first half of November for Bitcoin. Take two post-it-notes and place them on your screen over December and January. Just block em out. Now you can see the truth. Mid-February we are exactly where we should be. This is where we would have been anyway if December and January had never happened at all. This is solid ground. This is the markets true value. This is where we are stable.
ok.... so.... what now?
Do you have any idea what the December/January moonshot was? It was a gift. Even if you're down 90% in your portfolio, it's still a gift. Dec/Jan was a look into the future. It was a crystal ball curving through time itself. $800 billion market cap? $21,000 BTC? $3.80 XRP? $1,420 ETH? This was a glimpse. These are the cryptocoin angels peeling back the windows of financial heaven and giving us a glimpse of what is possible. GUYS!! There was over $800 billion dollars in this market just over a month ago. That money is still out there. Smeagol didn't jump into a volcano with it. It still exists, waiting to surge back in at a moments notice.
This is your opportunity, possibly your ONLY opportunity to actually see the true potential of a market BEFORE investing in it. I'd call it God, but you can call it fate, or the muse, or lady luck, or karma, or whatever. He said in November 2017 -"EVERYBODY PAY ATTENTION! Watch closely to this moonshot. Are you ready?... BOOM! Did you all see that??? GOOD. Now let me reel it in and bring it back down to Earth, down to your level, so you can all take advantage of it. The next time it goes up, it's gonna keep on going."
Dec/Jan was an advertisement, a wake-up call, a preview to the best movie you're ever gonna watch.
Think back to just after New Years when Bitcoin was crossing $20,000. What went through your mind? If you're like most people, you were thinking "Crap. I just missed another great opportunity" and you were wishing you could go back in time to take advantage of it. Right?? Well, your wish has just been granted, my friend. Now you can!! And mark my words, This will NOT happen again in this market in our lifetime. Right now we all know exactly what this market is capable of. If you miss the next BIG ONE, then the only person to blame will be the one in the mirror, and you'll be right back at New Years again saying "Crap. I just missed ANOTHER great opportunity." like Groundhogs day.
So, when should you invest? As soon as you grow a pair!
But what if the market isn't done falling yet? ...Still asking the wrong questions.
It's lower than it's going to be, and that's all that matters. If you try to wait until the last second before you jump on the board, you'll miss the wave. Start paddling NOW, and catch what you can while the window is still open.
There will be people reading this exact post for the first time, after it's already too late. Hopefully you aren't one of them.
See you on the exchange!
-In today's world Common Sense is a superpower.
-The surest way to be late is to start with plenty of time.
-It's not what you don't know that gets you in trouble. It's what you know for sure that just ain't so.
** Disclaimer **
I am not a financial advisor. The views, thoughts and ideas in this article are simply the opinion of the writer, and should not be taken as advice. Even though this article may be brilliantly packed with reason, logic, intuition and foresight, this writing should be considered for nothing more than entertainment purposes only. Ultimately everyone is responsible for their own decisions, and should do their own research.