Hi Folks,
This year marks the 22nd anniversary from when I was first introduced to the stock market. Yes, that means I lived through the first dot-com boom. The FANG stocks (Facebook, Amazon, Apple, Netflix, and Google) were the epitomy of Internet 2.0.
Now we are approaching Internet 3.0, as the blockchain will be the internet boom to the 3rd power. We are currently in a healthy correction where all the weak hands get shaken out. Mr. Market will always maximize the amount of money lost and embarass as many people as possible . . . because that's just how it is.
The market can consolidate in price (by going down) or in time (by going nowhere for an extended period). But it will eventually break out to the upside.
Everyone now is saying how BTC could drop to 5K and every day the crypto market drops by a few points every day -- death by a thousand cuts if you will.
What I recommend is to make a plan like I did in 2009. Back then, all these talking heads were saying that the S&P would drop to 400. I made a plan to invest a couple extra percent every time the S&P fell by 100 points. You know what happened afterward.
Good luck everyone!
Disclosure: Long small positions in BTC, ETH, VEN, NEO, EOS, XLM, QSP, ZRX, ICX, KNC, OMG, STEEM, and LTC
P.S. Remember to watch your leverage so you don't blow up your fund. Also always keep in mind that when you buy crypto, you are speculating and not investing.