What's going on in Crypto? Market TANKS (Correction). This is an excellent buying Opportunity

If you just got into cryptocurrencies in the last couple weeks this might seem like a bad time for you. The market has corrected 30%...which basically mean it has nose dived. We were at $15k just a week ago and now are at 10k per bitcoin.

So What is going on with bitcoin and other cryptos.

My honest opinion:

We got ahead of ourselves with speculation and now are having a healthy correction. If you were waiting on the sidelines this is actually a huge opportunity to buy

Be a contrarian to popular beliefs and mass media. Currently there is a mass media sensationalized campaign directed against cryptocurrencies (by CNBC Bloomberg, large financial institutions, and some Asian, European, and even the US government...my thoughts on that is basically these institutions are experiencing FUD and in some ways want to curb cryptocurrencies [even though this is impossible with the P2P and crypto{privacy and cryptography} aspect of cryptocurrencies....anyways back to my point)

A wise investor said:

"Buy when there is blood in the streets even if that blood was your own"

So back in fall 2008 when there was an economic financial crisis I bought into the US Stock market with everything I had. This was a major "buy the dip" period in US Stocks. That was actually the BEST time to buy.

Today is the buying opportunity for 2018. We have had the healthy correction and now wall street institutions will be pouring money into cryptocurrencies.

Be fearful when others are greedy. Be GREEDY when others are FEARFUL - Warren Buffet

Next up (in a few days to a few months aproximately) cryptos will be flatlining or shooting through the roof.

Bitcoin for instance will not go far below the 10k level. It could reach 8-9k, but at that point financial insitutions (and people like me) will massively pour money into the cryptocurrency market and just hold for years.

HOLD your cryptos! "HODLing"

So where do you buy in?

Well back in November bitcoin was at 6000-9000 run up when Novogratz (a large hedgefund wall street investor started dumping into bitcoin) I truly believe that we will not go below 8-9k and now is a great opportunity to buy.

There's a lot of TA (technical Analysis) out there that shows support around the 9-10k range. I'm not big on TA, more of a macro investor, but I believe that we should be OK buying now.

If you're buying in--which I highly recommend at this time-- Make sure when you buy in large amounts to Dollar Cost Average in. This means you spread out for instance $10k in incremental amounts ( ie// $2k x5 times over 10 days.)

So you cannot predict exact bottoms, but I think right now is the buying opportunity for 2018.

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Please leave comments thoughts and questions and I'll answer all of them below. I appreciate feedback and would like to answer any new people's questions:

(DISCLAIMER: I'm not a financial planner, advisor, or licensed in any way. I'm just a dude who enjoys investing in real estate, stocks, and cryptocurrency markets. Do your own due dilligence. )