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.
History just repeats. after ever bubble people left Bitcoin, just to return at peak of another. On average you need to be part of 2 bubbles to realize what crypto is.
I will leave here yearly gains of Bitcoin:
2010 $0.003 +10000%
2011 $0.3 +1566%
2012 $5 +160%
2013 $13 +5823%
2014 $770 -59%
2015 $316 +36%
2016 $430 +128%
2017 $980 +1286%
2018 $13585
For me personally if 2017 trend would just continue and we would be at $40k I would be worried. What we have now is totally natural. Consolidation. It can go much lower then this. In worse scenarios even close to $5000. But not for long. But sooner or latter we will see new x5 or x10 spike. It is up to you what you want. It is nothing hard really. all you have to do is buy some Bitcoin and store it safely and you dont have to do anything else. Nothing. You just wait.