Let's make a post that will help you understand how market works.
This is total market cap from January 18th 2017 to January 18th 2018: http://prntscr.com/i2f82x
So the lowest point is 16.5 billion and the highest is 835 billion so it went 50.5 times up.
Okay, if you are newbie, you can't see here any big corrections, right? Let's zoom in!
Correction in May 2017: http://prntscr.com/i2feul
From 91 billion to 57 billion, so it is correction of 37.36%
Correction in June/July 2017: http://prntscr.com/i2fgnq
From 117 billion to 60 billion, so it is correction of 48.71%
Correction in September 2017: http://prntscr.com/i2fidp
From 178 billion to 98 billion, so it is correction of 45%
Correction in January 2018: http://prntscr.com/i2fjiy
From 835 billion to 414 billion, so it is correction of 50.4%
Okay, it happened but you will think these previous happened without negative hype, no one talked bad about crypto etc...
Correction in May, June and July was followed by hype that BTC will be forked and c will be splitted in 2 new coins and current BTC coin will disappear. People was scared and they was selling BTC and then in the middle of July they shared news that BTC holders will keep their BTC so current BTC wont get burned and also if you are holding BTC you will get free coin ( Bitcoin Cash ).
Correction in September was followed with China fud that Chinese exchanges will get closed and it happened. But as you can see, in long-term view it wasn't affected market cap. So, what I want you to know is that every correction will be followed with bad news because why would we sell something if there is not reason to worry. Most of you asked me will we see further correction. According to this, we will not see further correction. If this trend continues, it should go up slowly and it won't drop under 400 billion. But, every trend can get broken so this is only according to last 3 big corrections because most of them was between 45% and 50%. So, as you can see, even if some contry like China ban and close exchanges, market will keep going up. So when we see correction it is just time to buy more and be happy to able to buy more at cheaper price because in short period of time it will recover and we will be in very good profit.
So, this wasn't the first and also the last correction. I hope next time you will be smarter and buy the dip!:wink: but I think most of you bought yesterday and it is good sign because if you buy something in negative hype it is just proof that you can control emotions and big thumbs up for you!!!
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*Disclaimer: We are not crypto gurus nor we are claiming to be. This is not financial advice nor investment recommendation. Please ask licenced financial advisor in your country for financial advice. This our humble opinion and the main purpose is to share it and learn new things a long the way.