The Crypto Currency market took its biggest correction of the past 6 months, and the only people that have benefited from the wave are the ones that have purchased the coins at a fraction of the price.
In order to stimulate the market, Whales remove their money from the market forcing panic and FOD, which creates fire sales, then the Whales return to purchase the coins at a fraction of the prize when the dust settles. Which in-turn causes the market to spike back up, then the minnows will follow and start to buy more coins.
Now if you are one of these people that gave into the panic and sold off your coins, you just lost half of your money however if you held on to your coins and weather the storm rest assured that the market will return back. The crypto market has always been volatile and knowing when to buy and sell is key.
So remember the cardinal rule of the investing in the market buy coins that have a realistic purpose and invest what you are willing to loose. As for me i invested in XRP, TRX, ADA, XLM, ETN, SBD, Steem, KCS BNB, Dragon Chain and IOTA.
Ask me at the end of the year if i am still holding on to them...
Please Re-Steem and upvote if you can relate to this.
#XRP #TRX #ADA #XLM #ETN #SBD #Steem #KCS #BNB #DragonChain #IOTA.