Market correction losses and gains!!!!!!!! Price of bitcoin.
Alright, if you had this reaction to the sudden drop and gain in Cryptocurrency market at the same time are new to the cryptocurrency industry (before I start explaining what price correction is "I hope you didn't get a heart attack yet").
This behavior is expected of the market see what ever goes up has to come down, the cryptocurrency market is largely unregulated and everything revolves around bitcoin, regardless of what you buy or sell the whole market is dependent on the price of bitcoins, even to the point of cashing out their only a hand full of coin that you can withdraw money from.
so over time people redeem their rewards into these currency, which pushes their market cap above the roof and make some people who are as the term goes "hodling" the currency quiet rich because of the gain in the market cap, so it's a win or lose situation but once some starts to invest in alternative cryptocurrency the market price drop down and settles to a new steady state position.
But this GOD DAMN HODLING PUTS A SMILE ON FACE LIKE SO,
because of which I am addicted to hodling like fish to water.
so my advice to those who lost some money, keep hodling bros your life might just change although, sometimes what happens is that people come in this market expecting their money to multiple by 1000 folds, lets be honest that not going to happen over night, I am not saying that it's not possible it is possible in the cryptocurrency industry, so this in gif below doesn't happen quickly so if your expecting to become an over night millionaire their is a rare chance of you reaching there.
