Goodmorning Friends,
The downward trend of all crypto currencies is still speeding on. Where yesterday i thought that we would settle for a -20 billion marketcap, overnight, that figure has almost doubled. As on this moment, the difference between the all-time high and the current low is a whopping 36 Billion USD.
Could this be the end ?
In my last article, i explained the relationship with the dot.com bubble :
But this is definitely not it. It's actually a good thing, because the market is correcting itself at these points, settling for a realistic price against the backdrop of worldly changes, such as the ICO ban by china. A huge sell-off will be avoided, and just like any other time, this makes for a great moment to either buy or maximize exposure.
Lets just hope that the greens will soon show up, to relieve us all ;)
Happy trading.