Community post
Crypto Crash or Correction?
I just recently started investing in alt coins and made some quick money due to a couple big spikes for some smaller coins. The market just took a nosedive and I'm wondering if this is a temporary crash or more of a correction after those few spikes...
Thinking I'll just buy more Bitbean while it's cheap!
Replies (5)
yeah, the same thing with steem/SBD. i'm holding for long-term( 5 years), so i believe in crypto's. just my view.
Yes longterm, nowhere but up!
Be calm, the cryptocurrencies market is now FUD, so selling power is relatively dominant. To save money and control your own psychology, it is best to shut down your laptop and take a few days off. Particularly bitcoin market, in June - 27 -2017 Dominance index has increased again and when there is a seller of course there must be buyers. Some people lack knowledge about what will happen on Aug 1 -2017 so they have tried to sell their bitcoin accounts, while others are trying to collect as much bitcoin for themselves as possible. Personally, I advise you not to sell your account losses now, as the bitcoin price will soon recover at 4600 - $ 5000, calm down and save the secret phrase of bitcoin wallet into a secret place, absolutely not photographed, saved online or computer. That's all. Be sure BITCOIN WILL NEVER DIE!
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Definitely a good idea to stock pile while its low. I don't anticipate it being this low for too much longer wink, wink