I just read one thread about the red market "blaming" Vitalik Buterin. I find that laughable.
The real reason is people are starting to bet on BTC again and selling alts even cheap. It always go through this cycle before the alts really take off. Some also use the opportunity to collect more alts later...sell now (high), buy later (low). It can be a good way to play but very risky. I used to do it but learned I don't have the nerve to be in that game.
Play it, or HODL...both are valid ways to go. Just don't panic, bullish market is coming...BTC first then alts (may dip a little but) will follow.
The real reason is people are starting to bet on BTC again and selling alts even cheap. It always go through this cycle before the alts really take off. Some also use the opportunity to collect more alts later...sell now (high), buy later (low). It can be a good way to play but very risky. I used to do it but learned I don't have the nerve to be in that game.
Play it, or HODL...both are valid ways to go. Just don't panic, bullish market is coming...BTC first then alts (may dip a little but) will follow.
It's normal dont' worry due to weekend sell and you are right this was the cycle before over and over again because of the traders and liquidating and on the rest. But for us this the perfect time to buy on dip and take profit when happy. Just always go with the flow or ride with the waves don't fight it and don't panic. Goodluck everyone.