The last few days have been incredibly exciting. The market corrections have allowed new opportunities to get into cryptocurrency. If you’ve been on the fence for a while, wondering when is a good time to get in then you needn’t wait any further. Bitcoin dropped below $10,000 after a long time.
To many new users this would’ve come as a shock but if you think of the crashes in the past year then you will remember that when BTC first crossed $3000-$3100 it dropped around 50% to $1500 price level. Now we’ve witnessed similar levels of correction so this is nothing new really!
However the difference between then and now is an increasingly alarming number of government crackdowns in this space-which i’m concerned about. However, it’s quite likely that the market will adjust itself to these changes and the bullish trend is likely to resume once again as cryptocurrencies gain attention of the masses.
My portfolio like that of most investors has danced around a lot in the last 2 weeks. From an insane pump to a massive dump. I’ve readjusted my tokens holdings along the way to ensure greater profitability and sustainability when the markets turn around.
My Steem holdings have seen a massive drop in value but it’s quite likely that it will retrace back to $6 and higher in the days to come if Bitcoin resumes it’s pump.
How is your portfolio doing and how are you bracing this severe market correction? If you have an interesting screenshot of your portfolio please feel free to share. I generally upvote interesting comments in all my blogs.
Brace the lows! Learn to stomach the dips after you enjoy those insane market pumps. That's the only way to sustain yourself over the long haul in the world of cryptocurrency investing and trading. Try not to lose your sleep over market corrections ok?
Market corrections are some of the best times to enter the market. You can get tokens of many good projects in this space at literally discounted prices. Steem dropped below $3 in value and I hope you were able to pick up some additional tokens.
I’ve been dumping SBDs for Steem and BTC in hopes that either one or both will rise up and I hope to continue buying into Steem through the rest of this year. I hope all my readers have a good year of investing in 2018!
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