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.
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 %.
Hold or sell, what do you think?
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.
Today's drop in price is probably because people are cashing out their bitcoins before Christmas and New Year to celebrate the Holiday Season, thus according to me the best time to buy bitcoins for new investors should be somewhere between 24-31st December.
Buy Bitcoins for low price and sell for high. Price will rise up again after Holiday season, so you should buy more now, and your new year will start with a good profit.
Buy the Dip or Regret it Later