I agree here. Everyone with a diversified portfolio of alts will see that nearly every alt is dropping. Regardless how good the announcements are or the development is. Thats just because of the Bitcoin bullrun. Its BTC time to shine.
It's just most of the alts I trade have also fallen (roughly) the same amount of the last month/few weeks, even ETH is down 60% in BTC value. This just feels like the last time BTC forked, but I guess I can't be certain it is just my opinion. I would expect to see an uptrend start in 5 days, unless BTC starts going really high ($10k) Then honestly I don't know how low traders will sell their alts.
Too everyone selling right now to this FUD , you're selling potentially one of the most ambitious projects, and one with the most upside . There's hardly any other project with this kind of potential UPSIDE
Think deep about that, and the implications of XEL as the leading super computer network. Guess what will happen , the applications and the marketcap.
There are always those that sell too early in a projects development, let them do it. It won't change the success of XEL in the coming years. I've seen massive dumps over the last 4 years and the good projects don't die out, they just take time to get to where they deserve to be.
To anyone really concerned about this price drop, it could go lower but in the end it will start heading up. All the alt markets are acting exactly the same and the last time XEL dropped from 25k to 5k it went back to 25k, so if you want to sell go ahead. Having said that if you would have sold BTC, ETH, DASH, XMR or RIPPLE a few years ago after they dumped 50-90% you'd be very mad now (And I am) but the choice is yours. IMO from an investment perspective long term trading is always the best and easiest route to make money if that is your main intention.
https://bittrex.com/home/markets < Majority red, all very similar graphs.
1 XEL = 1 XEL nothing has really changed.