I could not understand why there are those who are also in Bitcoin yet are predicting that Bitcoin can go as low as $3,000 or even $5,000 when a crash can happen soon. I am not saying that a dip -- a big dip -- will never happen but considering the things happening right now in the world of cryptocurrency, I don't believe that it can go as low as those figures.
Maybe if one day USA will decide to follow the footsteps of Japan in banning Bitcoin trading activities, then maybe it can be possible that Bitcoin can crash big time but even then it can still be able to recover fast due to people always waiting for an opportunity to buy Bitcoin cheaply.
Are you expecting Bitcoin to get so low once it crashed?
There are many reasons for why that could happen there are many people that are holding bitcoin for the long term but prefer to FUD the forum and see the newbies dropping their coins and then they can get those coins for cheap so as you can see their strategies makes complete sense to them.
If that is the case, then the panic selling of the newbies is caused by naiveness. Newbies decided to find ways to earn bitcoin even if they do not completely understand what they are doing. Their mistakes are maybe caused by the narrow knowledge they have. I am once a newbie and before I decided to do trading, I asked some other people first and do research. I have experienced failures but I don't dwell with it long since the time for improvement is long. Trading is not easy and if you have little knowledge about it you will always end up not earning.
Apparently, most of the newbies does not even have the single knowledge of what they are investing into and what they just want is profit and for them to get rich quickly in no time.
It is crazy thing and that is why the speed of the value of bitcoin in a short period was just a crazy one and I am not surprised that a lot of them would end up quickly cashing out of panic when they see the other side of profit happening to their funds.
Speculating about crash has always been the way of the media and some of the whales who are looking for those who can easily panic while they get back in at the point where they have been waiting to cash in more for profit. They believe that if someone is not losing somewhere, they are not going to be gaining anything and that has really made them to use this style in getting some weak hands off the market.