Soo last night when i went to sleep the overall market cap was around 650 Billion dollars.
My portfolio was up on average 25% in the past days.
Woke up as usuall today and went on to check my portfolio and all of the coins worth etc.
Just as most of you probably would do, I imagine.
Soo the market cap went down from 650 - to 475 range. Wich it hasnt seen since December 13. of this Year.
Well, to be fair. We've had a pretty damn good bullrunn since the end of November.
From a market cap of 250 billion dollars to 650 in less than 30 days?!.
Soo this correction is a good thing, because everything that goes up must eventually come down.
This just means that when it reaches a new sustainable low, wich im guessing is around 350-400. Range if this continues
we will see a more uptrend coming movement and speculative's will stop calling it a bubble for now and more people will flee to the crypto market.
What has caused this downward trend in the market in the past 12 hours?
Well, first of. News article, gossiping etc.
"The bubble finely pop'd"
People who ordinary entered the cryptospace in the last weeks, months etc.
Are most likely panic selling. Why? Because the Media told em to.
And ofc, basic human behavior. "Must sell, losing money".
You only lose money, when you decide to sell. It's all about the when.
Last month the market cap off all cryptoes went from 250 - 195 in a day.
That's almost just as much decrease as we're seeing right now in terms of %.
Then it went up again, this time to 650.
If you ask me, This is a great oppurtunity to accumulate more coins.
I know what i will be doing.
#Merry Xmas.