Quote from: Bonsaiav on February 05, 2018, 09:23:35 PM

Quote from: JanMey on December 30, 2017, 03:29:11 PM

Hi I am new here and not used to the volatility Cry

in the price, and will the market recover or is it due to selling during the festive season? Huh

In other commodity trading, drops like this is indicative of a market slump and may result in panic selling. Is this a true reflection or is it normal?

Lately the bitcoin decline wasn`t caused by the festive season, but rather the existence of the price manipulation by big whales who want to profit as much as possible, they don`t hesitate to launch the aggression of their lies through online media or other.
Consequently, stupid speculation takes place in the lay community, and causes panic selling among them.

Go back to your question.
In my opinion, declining and rising prices is a natural thing and that's the real market. While the decline that occurred this time is an unnatural decline as i mentioned above.

The whales took advantage of the opportunity, there were several bad news coming and the whales just decided this was the perfect time to crash the price of bitcoin, they got richer and lot of small investors got poorer but they are not seeing the long term game, those people that lost money are probably not going to invest in bitcoin again so it is going to be difficult to recover the previous price.