Quote from: adaseb on December 13, 2018, 06:46:44 AM

Quote from: cjie on December 13, 2018, 06:42:40 AM

HODL is the best option now for all my altcoins. I will keep Hodling till the bearish market is over. Everyone was thinking that bull run will start toward the end of the year, instead, there is a consistent reduction in price. Let keep hodling next year will get better for everyone.
I want to know what you feel, is there still hope for the remaining 18 days before the year end?

The reason why the massive selling started in November is because everybody assumed that November would be a crazy bullish month like last year and in 2013 and they all bought at $6000 and went long on large leverage and when the $5800 yearly low broke it set off a huge sell off and we basically lost almost 50% value in 2 weeks.

If you looked at the Bitmex open interest there was about $500,000,000 worth of positions which were closed and almost all the longs were closed in losses. Hence many people got liquidated very fast and in large numbers.

Possibly the whales were all up in the market looking at the things a lot of people are saying and waiting for. Now, there is a huge possibility for a bounce at around $3k as a psychological support, everyone is talking about it, and at times like that, those who always are fond of catching a falling knife always get hit by the market craze. Nonetheless, market is always usually this way, which is time for the bulls and time for the bears, so one way or the other, we just have to be patient now, and wait for the time for the bulls to get back into the market, as it will certainly come.