Quote from: jjjfff on December 13, 2018, 01:12:09 PM

Quote from: ganlianshifu1 on December 13, 2018, 01:01:27 PM

Many people think that 2019 is the year when cryptocurrency continues to collapse!

The more people believe in a trend, the faster it tends to reverse.

Everyone believed prices would soar again in 2018. It means that a lot of people were waiting for this price increase so they could sell. The expectation of a new high price, leads to anxiety to sell. The opposite is true as well!

When everyone agrees that prices will fall further, it means a lot of bulls are waiting for the price drop in order to buy. There's a pressure buildup.

What happens then when suddenly everyone seems to "agree" that the bottom is reached? The bulls all buy at once and you get a new peak.

The current drop in prices reflects the fact that everyone was waiting to sell at the all time high. When they saw there'd be no new price records in 2018 the weak hands sold.

IMO everyone should watch for the new inversion. The bounce should be just as intense as the ride down.

There are still so many optimistic people in the community as it stands, at least in this forum. That's my biggest fear because what you have said is definitely true. Everyone gets wrapped up in emotions of greed or fear and forget to follow their senses.