2 weeks ago, market cap was around $750b. Now $500b. A lot of historicially repeating waves. Fud, Chinese New Year, Stupid JP Morgans, CNBC interview, Korean government operations towards crypto and how it has been spread negatively etc... Asia has a large portion of crypto in the world. When masses on Asia cashes out due to chinese holiday and the rest panic sell to avoid any goverment crackdown, Marketcap melts down naturally. There is a lot shit going on. But it's not happening for the first time. Every year around this time market cap goes down badly after a very profitable 2-3 months period. Than starts to move up around late January to Feb. Check the historical data online. Numbers don't lie!
As the market cap value has reached such a high point in a short time, the fud and mass cashout left the market with the biggest damage. But as it repeats that every year, now time to rise. A lot of people including newcomers are about the get on board. The $250b loss will be back into market in no time. People who missed the train at the beginning of 2017, now has the second best opportunity. Prices are on sale. Big discount going on. Both major players such as Btc, Eth, Litecoin and all the altcoins are almost where they are before they had massive pump.
Now before all the attention and money returns back to crypto market, you can do your selections with a lot of options and enjoy the ride. The best time to buy Crypto was at 2010, than Early 2017 and this is the third best time! God knows if the forth one comes around. But the third best train is about to leave the station as the colours are getting greener at the time of writing.
Shout out to all hodlers!
-Jan 2018 City Of London-