The crypto soap opera bubble was inflated a lot.

While I am still all booked up and have lots of places to go, summer cold or not.

Almost like the previous popped bubble

Good thing that I am short in spare time right now. Less time to stare at the red percentages on the Cryptocurrency/ Bitmoney market. The previous one caused a severe drop, first a little shock, after that a big drop. Now this pattern seems to happen again. Best to stay calm, because it seems the second dump is happening right now. Very high 24 hour trading volume and most of the market dropping by a lot. At a certain point it will start to pick up again though.

Seems we may have to accept that this will be going on for a bit more. Still I am leaving my long-term cryptos where they are right now. Let the short-term traders do their thing now. Even if it might go down to 76 billion, if it would match the last big drop pattern that went from 86 to 59 in a day. And from there it went back up to a new All Time High {ATH} of 115 billion within two weeks time. There has been a build up to this. A lot of FUD {Fear, Uncertainty and Doubt} spreaded by the mainstream media for instance, blindly repeated by some in the crypto realm. Making 'bubble' a negative buzzword. And after that it is tough to argue with the panic that follows.

On the bright side, a lot of cheap buys currently, many cryptos might even become a lot cheaper today. And I'm almost sorry that I'm al booked up right now. Too much stress anyway to buy the right cryptos at their lowest current. Maybe tonight, when most cryptos may have dropped below 30 percent. But there is no guarantee that the Bitmoney/ Cryptocurrency market will drop that far down again. Still, I am confident that it will rise again, just like it did before. Remember though, only invest what you are willing and able to lose. And your speculation might be as bad or as good as mine...

Keep the faith in cryptos and have a great one!

Aaargh, not another soap bubble!? Aaaaand, moving on...

Image cc-by-sa @oaldamster_