The crypto industry just had one of its worst days ever

:/

Its expected that there will be some turmoil. I didnt doubt that a successful start will be followed sooner or later by collisions, but it shouldnt completely destroy the crypto market. Just recall the sad fall of the exchange - years have passed and everything has resumed. Similar fluctuations are well described by wyckoff schematics, sometimes I use that cycle analysis. This theory cannot be called the only universally correct, but theres a rational part in it. Nevertheless, I started crypto study a couple of years ago, and I still plan to move in the same direction. For more information visit https://www.altcointrading.net/wyckoff-market-cycles-phase-cheatsheet-schematics/.

I still plan to invest into crypto because I'm looking at this for the very long haul (10+ years). There will probably be a crypto winter coming, and it may last for a year or two, but IMO crypto will eventually prevail because governments will tend to get greedier, privacy will get worse, etc.

At this point in time it might be a good idea to consider the whole purpose of why crypto exists in the first place.

Crypto can't recover from this..once Binance decided to halt withdrawals BTC was destined to drop further.

ETH is also in the toilet.

I capitulate....when will the misery end.

I've been aping into BTC for the past several months. I don't regret it, but I'm definitely feeling the weight of my decision recently.

Luckily, I don't need the money right now for anything immediate so I don't need the liquidity. Still, it's wild watch the BTC fall right now. I can't look away.