I think all the newcomers (newbies) are now leaving the market with panic selling and that's what is keeping the downfall of course the bad news about bitcoins also helped.
I'm sure bitcoin and most of crypto currencies will never crash don't forget the drug market that is running on bitcoin they will NEVER let bitcoin crash.
maybe this year's downfall is more than any year because the Chinese holiday (which is normal every year) but the new thing this year is that a lot of new people joined the market who have absolutely no experience with bitcoins so they are panicking. so the Chinese and the new traders together are making a huge impact on the market , bigger than any other year.
I'm a newbie as well so if I have a wrong thought or thinking in a wrong way please correct me.
thanks.
The Chinese New Year and newcomers will only affect some crypto currencies "not global and not large".
FUDs are causing a lot of chaos among new traders and they are resorting to panic selling all their holdings which is the main reason for this bearish period being prolonged. Being new to the market, newbies are expected to mess up very often and this is one such point of time.
Sorry buddy, I didn't meant to go so hard on you.
I've just read too much FUD around and I was very pissed and one similar topic light fire. There are probably bunch of topics similar to my too.
Sorry again.
You are right, the FUD made by big players (big whales) have devastated the crypto market into "red ocean" and sick overall, and only a few are green at the time.