Cryptocurrency markets crashed yesterday, wiping off a total of 40bn USD off the total market cap. The crash was triggered by growing uncertainty in China regarding regulations and also partly due to the statement by

As fast as it came - the market has almost fully recovered. Those who purchased during the crash easily made profits of up to 50-70%. NavCoin, one of the biggest gainers has already grown by 72% from its 24 hour low.

It is still not too late to grow your portfolio. Despite the surge in prices, a majority of currencies still have yet to return pre-crash prices. Purchasing now will still lower your dollar cost average.

The extremely fast recovery of the market means that a significant amount of investors managed to make large profits, so we can expect them to cash out on the 'free money' soon but the question is how soon will the market crash again?

Firstly, if no more negative news from China is announced, we can expect the market to trade sideways for a long time, until the BTC hard fork that is occurring during November.

On the other hand, the market might crash even harder should there be more negative news within the upcoming 2-3 weeks. Those who managed to purchase bitcoin at a low price would want to preserve their fast profits that they earned in just one day and we can expect an extremely huge sell of.

Of course, if you firmly believe in cryptocurrency and that cryptocurrency is web 3.0, either situation is favourable. If it crashes i'll buy even more cryptocurrencies at a discount lowering my dollar cost average, and if it trades sideways for weeks, well, a side ways trend is always better than a crash.

Those who sold at the bottom, RIP.