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.
There is no particular bad news out there that warrants a big drop except one, and that is after a brilliant year some of the day traders are now taking profits, risky profits I might add. I have been here before and worse, in the early years where I held Bitcoin I nearly took fright and pulled out, I held me nerve though.
Bitcoin is just finding a new floor now, and once it does it takes little time for it to start rising again. The strong good fundamentals behind Bitcoin remain, have faith. I have always been buy and hold and am irritated, but except day traders . Put things in perspective and remember where Bitcoin was at the start of the year