Quote from: yndye on February 02, 2018, 11:35:24 AM

Quote from: Wookii on February 02, 2018, 10:29:39 AM

Quote from: chiggz on February 02, 2018, 10:11:40 AM

Every dip someone comes up with some unrelated predictions to explain the market. Why don't people predict this before the dip happening? These predictions are being made from the point BTC fell to $14K from $17K, $14K to $11K, and now $11K to $8K. Its started with the CMC price confusion, Korean FUD, Lunar year, Wallstreet manipulation and now Indian FUD. Many people also say that this is the correction Bitcoin needed, which is very healthy.

I have Just gotten used to the fact that the market is always irrational and unpredictable. Nobody can time the market and it will always do the opposite you expect. It can dump with good news, and moon with bad news. This is just a random dump, we have had many before and we will have many in the future. Just Hodl Away!!

Oh right, i forgot about the FaceBook! It just add to my point of people losing trust though... Anyhow i do agree with you, there is almost no point of guessing the price... It can drop to 5000 exactly the same as jumping to 20k out of nowhere... I also stand for a HODLing as i have no reason to rush things

If you don't have any urgent needs to sell your bitcoin then just keep on holding it. For those who bought above 10k or even 15k maybe in panic now because they are expecting for bitcoin to rise. The rise in previous months were so fast that the correction is expected to be as big as well. There is a surge of new people to crypto as evidence by some exchanges closing its registrations for some time and this is their first experience of major correction so maybe many of them panic sell thus a bear market.

Yes, i definitely agree! The rise was unnatural, extremely fast and done by big hype. Now it is time for the correction to pass by and the rise will most likely continue in a slower pace like it used to... Slowly but steadily. It will be extremely healthy for altcoins too, as they would be more easily trade-able for BTC. Panic sellers always make things worse, but it will settle down eventually. I always saw the 50k BTC predictions impossible in a year, as the growth at the end of last year was simply impossible to be kept. But we will see what Lightning network will do with BTC price!