Media loves these moments when the crypto markets are red, they write in big bold letters; " Bitcoin Is Freefalling." They gloat and enjoy seeing the crypto blood as they themselves where "too late" to invest they now want to prove that crypto is all in a bubble.
What they don't understand is that nothing has changed, the blockchain technology and cryptocurrency is here to stay, this is just a correction at a very early stage. More importantly they don't understand that crypto is not a bubble, it's the needle, and it it's poking more and more holes in the real bubble - the fiat bubble.
Placing some of the money in crypto is very smart move as the fiat currencies are inching closer and closer to their true values which is ZERO. While many claim that cryptocurrency is increasing crazily fast in value the argument could be made that it's actually the fiat currencies that are loosing their values.
It is the fiat bubbles that are bursting that are inflating the cryptocurrency markets.
Considering that the crypto market cap doesn't even constitutes 1 percent of the value of the stock market. More importantly if all the fiat currency spinning around out there only a small tiny fraction of it has entered the crypto world. Only 0,05-0,1% of the worlds people is invested in Bitcoin at the moment and then you can imagine what the number is for Steem !
You reap what you saw and I am going to let my crypto grow a lot more before I am ready to harvest any big amounts. Patience is a virtue and corrections like the current one should be expected and are necessary to gain new momentum! So fasten your seat belts because 2018 is going to be a spectacular year !
Merry Steemas everyone !