Yep! And if you're thinking of becoming a crypto "whale", you've got to understand that as a new industry, there are going to be retracement periods. So, what do you do?
You Buy!
There's a saying, "Buy on red, sell on green." This is especially significant in these down, volatile markets.
As we've seen over the prior couple of weeks, the overall market capitalization of the cryptocurrency markets has fallen significantly, from about $830 billion (BB) down to $682 billion (BB) today. This is what appears to be driving down the market. The thing to remember here is that this not a structural or value issue with cryptos but is more an issue of people fearing loss. They are pulling out of the market, apparently fearing it is not what we all know it is ... the future of technical research and global currency, a new form of absolute decentralization of every fiction there is. As such, cryptocurrency and blockchain are here to stay.
So don't panic, take your profits and when the markets are down, reinvest in more bitcoins (40%), large alt coins (40%), and 20% in high risk "growth" coins.
Now is the time to buy not sell. When the market cap starts to increase again, and after the markets themselves hit more stable levels, we will see significant increases and new highs as the overall market grows.
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