We have read a lot of stories about millions of new registrations on stock exchanges, people are moving to cryptocurrences and its January and almost the entire market is red. I understood some immersion, but it should encourage people to start shopping because the price was much higher than today, but not. Day after day we see the red color. Fall is maybe faster and faster. So I ask where all the new people and money are?! Everybody looking for the x1000 coin, but when no one buys, how you want to achieve that?
If the whole market is under whales and push the whole market down, it hurts everyone. Not just the media that loves to write negatively about cryptocurrency. It will not help anyone. People will be afraid to invest and cryptocurrency get into a recession.
When i will leave now, i will be still in profit, but im disgusted by this all. Maybe i will return to stocks. To may they ara normally rise.
This happened before also in late third and fourth quarters of 2017, you can surely ask around and find people like me, who thought, wow, with all this red marks, surely it is a good time to buy up some alts. I did, many in fact, but then the alt market proceeded to just go redder and redder. Of course, in the past three weeks,,, things have changed. A few coins I was holding for almost six months finally turned to profit, so I sold enough to recover my Bitcoins. Now on overall BTC I am finally in profit, and if I remove my Elastic losses, I am highly in profit.
Do not worry, plenty of buyers like us still around. Dips are good.