If the crypto market has finally found the bottom, and is starting to move back up, what do we do now? It's been a wild year so far and we've gone from over $800 billion market cap to $425 billion market cap in less than a week. The good news is, it looks like the market has found it's footing. You can relax now.
(Source)
If you look at this graph below from Coinmarketcap.com, you will see the drop off and how we are now trending up.
It looks like we hit the bottom yesterday and we are again heading in the right direction. This "crash" is part of the volatility of crypto and isn't for everyone.
The good news is, there are a ton of buying opportunities right now. This is a good time to get into the good projects at a low price. You always hear people say, now is a good time to buy, but what if you spent all your money a couple of weeks ago? Don't worry, just hold on.
The market is wild and it could go back up at the same pace it fell. You never know with crypto. So if you can, get some quality coins at a low price, then do it. If not just wait and watch.
One of the best ways to get a feel for how the market is moving is to watch it daily and keep an eye on what your coin prices are. Notice trends and figure out when to buy more when you do have some money. Maybe some saved up SBD or something. This crash also showed that Steem and SBD can hold a lot more value than where we were just two months ago.
Right now I think we are in a very good position. The market looks healthy and volatile like an infant child. It is a good time to be in crypto and in the big picture of everything we are only in the beginning.
Remember, I'm not a financial advisor, I'm just a guy who blogs about what I see in the markets. We could be far from the bottom, who knows. I'm just saying what I see.
Do you think we've hit the bottom of this latest crash? Let me know your thoughts in the comments below.
Thank you for reading.
