I would like to understand the main reason behind the bitcoin dip/crash (whatever it may be). Currently BTC is trading at 12.5K on preev.com, and I am beginning to become scared as to what the near future may hold for bitcoin.
Its nothing to get scared of, the fact is people had been stockpiling bitcoin for sometime now and one big whales cashed it out followed by every other trader who got an acute myocardial infraction (heart attack for those who dont understand). Thus the huge tumble that has happened.Quote
Is this a Bitcoin crash? Or is it a crypto crash too? Is it just the holiday season or something else? We can also see on coinmarketcap.com that in essence, almost ALL alt-coins are also down by a similar amount in %.
It was bound to happen and I was also expecting this sometime around new year. Just that it happened earlier than I predicted.Quote
Hold or sell, what do you think?
It your choice. Not everyone has the guts to keep up with a crash in the assets and hence you have to decide what to do yourself. I am hodling btc for life. Quote
PS: Please don't just spam this thread with:"Sell now, it will crash" or "Don't worry, it will go up". Base your points on facts that drive the discussion forward, not just general terms that have been already written down many times before.
I hope I did not spam. Let me know if I did. 