Start of 2018 was extremely volatile for all the cryptocurrencies. After some rebound, decline continued in the first day of February with Bitcoin loosing 59%, Ripple declining an astonishing 81% and Litecoin loosing 69%. Ethereum lost 40% which is relatively modest compared to losses of other crypto assets.
Many of our readers are asking the question, is it a long term decline or short time market dip which presents great buying opportunity? If we look at the trading history of many cryptocurrencies their experienced similar declines a couple of years ago after which skyrocketed again.
So it is up for you to decide – to wait while the storm finishes or dive in and buy the dip.
Also, if you think we are in a bear market, you can always short altcoins via regulated brokers such as eToro or others, all of which we have covered in this review.