Post
Topic
Board Altcoin Discussion
Re: Alts are Bleeding What To Do?
by
Retro6
on 22/08/2018, 11:01:55 UTC
Currently the cryptocurrency market is going through a big correction (especially to those who have recently joined). We are seeing coins lose 30-50% of its value in a few days and everyone is panicking. These are the times that will define who will succeed in this market and who will fail. You have to keep your emotions in check and be confident that once you have done proper research in the coins you have invested in they will go up when the market rebounds. Corrections are inevitable and is needed for the overall market to grow. So if you are feeling overwhelmed by the drastic decline in your portfolios just take a few days off and enjoy some sunshine. If you want to be aggressive throw some more fiat into the game and take advantage of the low prices.

Unfortunately 2018 has been quite dismal and many people have lost out. Some are taking bigger pain than others depending on when you entered the market. People who joined late last year when we saw the record highs and now their coins have lost 90% of their value.
I believe there is still inherent worth in a coin that has real tech and developers backing it...even if the price is not reflecting it. Mass adoption of crypto is still some years away unfortunately and the globalists are doing their best to create FUD in the marketplace. Everyday i see negative stories in the mainstream media. You need to ask yourself why is the inherent bias against cryptocurrency? People with power simply do not want to relinquish which is understandable but I believe 100% that crypto will win and those who HODL will benefit in the long term.

Keep the faith people, keep the faith!!