Hey All!
So I guess some of you guys are panicking about the recent crash in the cryptoworld?!
Other than the recent attack on Ethereum and a market correction that are pretty well documented over the web I think that we are forgetting a point. For everyone who entered the market before April, the crypto market has been very lucrative. Vacations are coming and some of these long time (from 3-4 months ago!!) are taking smart money for either upgrading their actual vacation package, just take some extra time off this summer or maybe bringing the kids at the attraction park! They are not off the market, actually they are probably still holders of their coins, they will be back sooner or later. Even better, they will do some marketing over the cryptoworld. Some of them will probably talk about how they made 500% in 2-3 months to their friends, family, neighbours. Out of all those people if only 10% of them decide to join the cryptoworld this can create a huge bull market.
Some of you guys might say, well it is already like that in the stock exchange world but markets don't move that much? True, but in stock exchange markets, stocks are majorly hold for long terms investments. So the amount of sells are very very short percentage of all the holdings.
For many reasons that I will explain in a future post, I really think that this technology will take a big place in a near future, I don't know how long, 5-10 years?? who knows. I think that this crash is not over, or if it is, it will go down again. But it will bounce back, what doesn't kill you makes you stronger!
So all these long time holder or trader know that this is only temporary. And to the new traders in the cryptoworld who came in since only june, don't worry, it will bounce back!