My investment of about 4100$ on 18 Coins goes from 4100$ to 4440$ to about 3300$. now its on about 3500$.
You were warned by several of us that all coins are in a bubble right now and it was a foolish time to be buying thinking they were going to keep going up. A few little dumps over a day or 2 are meaningless right now. When the bubbles really pop, believe me, you're going to know it for a certainty.
here is a comment from someone about the bubble, the big bubble that gonna crash all coins to near zero in value, to get back in a 5years situation back from now.
"99% of the people around me laugh when I speak about criptocurrencies. There is nobody inside this new asset class. How can we live in a bubble if 99% of the people I know do not even know what is this blockchain technology about? I think you are confusing high volatility with a bubble. Of course we will see eventually a bubble, but it will be a bubble when your taxi driver tells you how good is buying bitcoin! That will be the time to jump!"
i totally agree with him.
That's funny. I went and read his comments. He thinks Steem is a fantastic investment for one. He also says this "The vast majority of tokens are trash over there and will end 0: YES.
There will be huge volatility events with 50% more drawdowns: YES.
Using mean reversion algorithms prices are quite overvalued right now: YES.
There is a bubble and prices will be dropping for at least 4 months or more: NO."
So the person you're quoting is also saying that many of the altcoins are going to take a dump.
That last statement of his also shows his clear ignorance of this space as well. Again, I will point you to the Bitcoin bubble of 2014 where it hit it's first all time high (around $1200 I think it was) and then declined from there all the way to 2015 when it reached around 250 and it stayed down around there for much of the entire year. So neither you nor him have a clue what you're talking about. You seem to think crypto behaves like regular stocks etc and they simply do not.