As the crypto market correction continues. It is more important than ever to know what you as an investor or hodler are holding onto and why. Buying a cryptocurrency to day-trade can be extremely lucrative, but it can also be trouble in market downturns. Jumping on the bandwagon of a trending currency such as Cardano or more recently, Dogecoin, can go well or poorly depending on how you time it. Hodlers hold for the long-term and can either miss a potentially nice exist price or strike it rich. 

These market corrections that are currently going on threaten the resolve of both hodlers and day-traders as many people are new to the markets. With falling prices, some hodlers might try to "buy the dip", others might trade for stablecoins, and still others will pull out of the crypto markets altogether. It's important to note that each one of these choices are good choices. Leaving the cryptocurrency market space due to high volatility is logical. I like gambling though, so that's why I'm here. 

It's difficult to know how long and how far the correction will go on for. We could be exiting the bull run and entering into the next "crypto winter", but I'm not so sure about that. With all of the institutional investing and new projects appearing seemingly everywhere, it's hard to say that Bitcoin, Ethereum, and other crypto would drop very much further then it already has.

In fact, in the United States, inflation rising could see people buying crypto to escape it. Depending on how much more mass adoption takes place, we might see crypto start to be used as payment for more goods and services such as Dogecoin and the NBA. The possibilities are definitely there, and I have high hopes for cryptocurrency. Corrections come, but eventually there is another bull run. 

Disclaimer: I am not a financial advisor so please do not take any of what I said as financial advice!