as of now, bitcoin price is less than 9.000 USD, and the graph is really bloody and still falling.
what is your plan for your bitcoin?
sell now or buy more and wait for the rocket?
When crashes are prices do fall this much people want to sell their bitcoin to avoid loss yet in return they just lost more by selling now. Just wait and let the market adjust and equalize itself. There is no harm in waiting.
A lot of people bought, because they thought the price would rise all the time. Especially those who bought ath. They are now selling out to minimize losses instead of waiting and causing even greater price drops.
Yeah it goes on a domino effect that we actually can take advantage of being long hodlers. It's a game where whales eat the little fishes and we only need to wait until the whales had their full before the market recovers. Buy the dip along with them.
Yep, I don't think this bear market has anything with any Korean, Chinese or any other fud - it's a whale game. If you want to find a single culprit for this dip, try with the CME and the newly introduced Bitcoin futures (
https://www.cnbc.com/2017/12/15/bitcoin-futures-are-coming-to-the-cme-heres-what-to-expect.html). If you somehow manage to get their due dates, you will be able to "foresee" the future and to know the precise date of the market recovery :-) Cryptocurrency market is too shallow for the seriously rich players, it's cheaper than some single companies, they can do whatever they want with it. Let's hope they will bring it back to life after they charge the futures. "I've a feeling we're not in Kansas anymore" :-)