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RE: Cryptos are plunging and I am happy! Steem down by 28%....

in #crypto8 years ago

Don't worry about the recent fall, all cryptos are down, it is called a market correction and it happens to all asset markets from time to time. After prices go up high and quick lots of people start to pull out to realize their profits, other people believe that the market is overvalued and other people just get scared and run out. It is ideal to sell before the correction but if you find yourself in the middle of it it is best to hold your coins and wait for the rebound.

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I think it is very hard to call the tops and bottoms.... by selling you can be left behind... I have been waiting for the drop and will add to my BTC holdings at the end of the week and then again after we have clear results on segwit activation and possible HF... If BTC forks the market will crash down real hard so you want to have some money left then for buying low. Just my thoughts!