Not a very nice day - we are going down in double digits again and some really loose patience.
Not much comment. We tweeted we expect BTC at 3,500 and ETH at 80. Not nice. Regardless what happens, there is a big dent in crypto trust and we are not at all happy about that. Especially not for those people that were forced to sell the last week. That was more a reality than we figured it to be. Are we going back to the small community it used to be, before it hyped end 2017? That is very well possible.
Well, some strongly believe in a scenario that the market is cleaning up the BS coins and once at the bottom is more focussed and steady - taking on the big bull run. Possible. Others see the whole market melt down. Less possible, but also there is a flight in cash from the regular stock markets. Nobody really knows. Hard to be rational these days. Still that seems the only thing to try. This is a day to be really happy never to have invested for others or on borrowed money. Psychologically hard to keep trading and be disciplined when your portfolio value goes down. Still many will do just that.
