The entire crypto market is falling again today, but is this the first time? Didn't it fall the same way in 2021 before the new ATH? And remember what was the level of greed and fear at $40,000 a year ago and now? I see this drop as an opportunity to buy fundamental tokens at a good price. I bought NEAR, Sol, Aurora, Harmony, Link, ADA.
Also a good reason to believe that this is just a correction is the fact that the largest venture capital funds continue to invest money into the market. For example, a month ago Three Arrows Capital bought 156K ETH, or just recently A16z, Alameda, Three Arrows Capital held another round of investment and invested $150M in NEAR Protocol, which indicates that serious guys like a16z and Alameda still believe in growth.
Everyone said it’s the doomsday for crypto. Why do you think it’s just a correction?
The markets are not a democracy, if anything the majority is wrong most of the time, right now the market cap is going down roughly 11%, I know that for people that have traded the stock market this is a huge percentage, but this is nothing in the market of cryptocurrencies.
I have seen similar movements many times during my journey in this market and since that is the case it is obvious something like this is not going to scare me, and even if this happened to be a crash and not a correction that is fine with me too, as I will have the opportunity to buy bitcoin for a low price again.