Honestly, I didn't expect the price of bitcoin to fall this deep, is it still reasonable if it's just a price correction? because previously I thought bitcoin would not drop below $ 18k, But now it looks like it's going to go deeper.
Altcoins are also of course affected by the decline in bitcoin prices.
Not only u most the people who invested in the value above 18000$ will not expected this to happened. And this sudden incident is the cause of many people lose their money after investment.
Due to the fall in bitcoin and Ethereum price, the altcoin market collapsed.So it may be a right time to buy a trusted altcoin at the cheap price as much you can.But you should not get into the selling of altcoin at this time.It will make you to lose a money.
MiningBattalion, you are absolutely right and this is what most people in the crypto investment dont understand instead of them to buy low now that the market have experienced market correction, they will be complaining on something that have already happen which cant be rectify.
With that been said, if you guys check the historical data of Bitcoin market when ATH is almost achieve market correction always happen for the last chance of buying low which is what we are see now.