Quote from: easynote on December 22, 2017, 05:20:47 PM

Quote from: countryfree on December 22, 2017, 04:47:13 PM

I know that at first sight, it looks dramatic. BTC's price is down by more than 25%, but guess what, the number of daily transactions is down, and so is the backlog of unconfirmed transactions. People are holding!

https://blockchain.info/charts/mempool-size

It's true that BTC's price has reached an unexpected height those past few days, and that a correction was due, but data shows there's no panic selling. BTC remains strong.

Bitcoin has a price that will attract a lot of new investors, when the people holding see the orderbooks and notice new large amounts of money sitting in there then they will panic sell.
The mempool getting smaller doesn't really mean that the price will pump.

What price do you mean? The one before or during crash?
I agree that there is a panic sell going on right now, however this is an overreaction just like the last Bitcoins value increase that was massive as well. Without this correction Bitcoin will never establish itself.