Maybe not over but definitely suks big time. January 10-15 was the best date to pull out everything into fiat. I made a mistake and left 50% BTC on the market. Now i lost 50% of it in last 2 weeks and i could bought myself a new premium car out of this. So i am very unhappy with my decision but also happy that decided pull out 50% BTC fast.
There are lot of market uncertainty and market instability. I personally hate all those hyped coins and everything pulls back hard.
There is no sense long term investing now in Alts. There is unknown with the bitcoin which direction goes plus BTC may have another bull run too so alts market can be devastated as it happened in October- November last year. Its so easy to loose everytything as it happened to me last year, lost almost 90% of BTC but i got lucky and recovered in January.
I have learned how to day trade taking little steps. In the actual market situation is the best thing you can do just day trade and take your chances, sitting with only 1 BTC on the market. This way i managed to hit some nice pumps in January and made shit load of money, almost 600% in 7 days.
So yeah, market can be hard in next months for long term holders with upcoming BTC rally down or up. I just sold all my ALts positions with lost today and i dont give a shit about news any more.
Learn the art of daytrading and you all will be happy and able to make money anytime you want no matter where the BTC is or the news.
Sold 90% @ 16k. My plan was to buy back in with 50% of it when I felt it ha bottomed. I'm nowhere close to feeling confident enough to buy back in. Who knows when it will end. People are saying months, I think febuary/march are best case scenarios. I think there is a real possibility it will take years to recover to 20k.