For sure a lot of people are going to calm down at this time that the market is down, they will take a break. When the market was rushing up a lot of people were rushing into it and the greed was too much.
A lot of them were not even taking calculated moves, they just had their mind on how they will make once they invest, there was a heavy FOMO. Well the market is in a bearish mode right now, so they are all going to calm down and will stop the rush. And as for the altcoins, well… there are some of them that are good, but as usual, in a space like this there is always going to be the bad eggs. It’s up to you to avoid them.
Indeed. I think there are far many people who are doing this, jumping into the waves once they see the market is rushing. And it can be deemed that people are calmer now, with the drop happening to the market. Whereas it is also sure that many are also attracted right now to invest with the price dip, with the opportunity in mind that profits will be gained in time. And maybe this practice is just what people will let to linger on for years. Although there are many good coins, shit coins also exist, nonetheless being wise is crucial here.