Quote from: ginellis on October 15, 2018, 10:18:35 AM

Quote from: BitHodler on October 11, 2018, 12:47:44 AM

Quote from: figmentofmyass on October 10, 2018, 10:46:51 PM

which is why you shouldn't be selling in the $19000s either!

It depends on the event and the time frame. It was clear that the futures markets were the driving force behind the bull run of last year, and it's just as clear that traders like to sell news when possible, and it happened.

Another thing, which mainly applies to Bitcoin, is that it tends to correct significantly at the start of each new year. That was again a signal that people should have cashed out their profits.

Don't know how relevant tax sales really are when it comes to the crypto market in general, but that's potentially another aspect to focus on. It's sell signal on top of another signal on top of another signal.

There is a lot of difference between the current situation of the market and the previous one. Bull run is not possible without any investment. Many of the holders want to sell their coins but there are no buyers in the market. In this situation we can easily understand that if there is any bull run in the market it would be temporary and will return afterwards.

There are actually buyers in the market and some of them are just waiting for the right time to get in but the funniest part is that a lot of them usually end up joining FOMO at the end anyway and that is one pretty much bad thing to ever want to do.

What is important is that when a market in a long correction like we have had this year, the best thing is to at least, try as much as possible to get in proper to increase your holding within this period and be patient and less greedy enough to wait and then sell when others are busy rushing into the market and getting greedy all in the hope of getting rich overnight.