The sea of red has turned into a field of green. Almost all coins have recovered some of their losses today. The correction was expected; Bitcoin had doubled in value in December itself (after increasing by a factor of 10 from January to November). Any rational person would expect a pull back, as some people book profits. The true believers won't be influenced by this short-time volatility.
Great thing is that despite all this red we have experienced in the last days, the price has always been up more than 1000% this year, so if you look at things a bit more precisely, there hasn't been any red at all. It's in people's nature to think that the market is going down big time, where some even said that we entered a bear market. If people stop looking at short term charts, and also stop taking the market seriously from the moment they enter, the panic would be way less severe. How many of these short term sell-offs have we seen this year? A lot for sure, and every time the market broke through a new high afterwards, but people still don't seem to understand that.
