Are you worried about this huge correction in the crypto market? You shouldn't be....
Baron Rothschild (an 18th-century British nobleman and member of the Rothschild banking family) is credited with saying
"the time to buy is when there's blood in the streets."
I'm sure he knows. The Rothschild family made a fortune buying in the panic that followed the Battle of Waterloo against Napoleon amongst to many other examples to name.
What he meant by that is the best time to buy is when all the stocks are in the red. When people are dying to give away their fortunes at a fraction of the price because they are scared they are going to loose it all. Don't be the fool and give away your fortune. I know it looks bad, but now is the best time to buy! All I see is sale, Sale, SALE! :)
I know many of you are still rather new to the cryptocurrency market and have never seen a correction like this. Let me assure you it is completely normal! I have seen quite a few of these corrections in the crypto market since I've started trading and I know how nerve racking it can be, especially a big one like this. But do not think that everything thing is going to fall apart because it won't. Everything is fine. Don't get me wrong maybe some bad coins might fall apart, but for the most part everything will be just fine so just HODL or do what I'm doing and buy the dip.
The problem is the market went up way to fast without a good healthy correction, so this is now what is happening now. Don't let the Fear Uncertainty and Doubt (also known as F.U.D.) from all the negative media scare you away from cryptos. Now is literally the best time to buy. Just do your research, buy good coins that you have faith in and you won't have anything to worry about on a good correction like this.
Look at these 24hour low prices! 30%, 40%, 50% and some even more than 60% off! What a steal of a deal! I can't remember the last time I saw a sale this good on cryptos ;) Retrain your mind how you see this market and you will be fine. If you don't have faith in the crypto market as a whole you probably shouldn't be trading because the stress will eat you up. Remember, healthy corrections are not only normal but also good for the market.
Do you remember when the market cap was close to a trillion dollars? It is about 415 billion at the time of this post and I saw it at 350 billion early this morning. Like I said before this is normal so sit tight and ride out the storm. Or do what I'm doing and take advantage of this red (blood) market and buy Buy BUY!
Good luck everyone
(This is not investment advice)
"Peace, love and all that hippie shit"