Bitcoin is taking a serious dive right now! All the altcoins are predictably following too.
So is it time to buy?
I am going to wait a while. According to professional traders, this BTC crash has been long overdue and we could see some real lows coming, so I think I will wait and see what the market does before buying into any other altcoins just yet.
The last major crash was in 2014 and many altcoins didn't make it. If you look back at the top 20 altcoins during that time, you probably won't recognise the majority of them.
It is tempting to panic sell, but if we look back historically, these things always happen after a peak. After this dip, we will see a rise again. Trust in your graphs, buy if you want to take advantage of the lows but only buy altcoins that you believe in, just in case this is a serious readjustment as it may wipe out some 'shitcoins'.
So for now, HODL my crypto loving friends!!!!
Thank you for reading. Much love, xx
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