Quote from: Jackl87 on November 16, 2021, 11:29:21 AM

Quote from: No Pain No blood on November 16, 2021, 10:27:15 AM

judging from what he said, I conclude that right now the market is at a very important time. but even so I didn't fully believe what he said. I stick to my decision that currently hold is the best despite the red market today.

The last few weeks saw an extremely positive development of prices in both bitcoin and also altcoins. After a period where the only way was upwards it is just normal, that a correction has to happen sooner or later and today it seems like the correction is happening. At the moment we are down around 8 or 9 % both on BTC and ETH which is quite a lot but still within the range that i would declare as normal, at least within the crypto space. I also think the best is to just stay calm and hold.

As you say it is too early to make any kind of call about where the market is headed, I understand that if a person has just entered the market during the last month or so then they could be worried about the current decrease in the price we are witnessing, but to me this is nothing to worry about, on the market of cryptocurrencies these kind of movements are normal and happen all the time to the point people like us have gotten used to them, still it is important to keep an eye on the markets to see if this trend reverses or if it accelerates.