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.
This terrible especially when markets close with such sale off. i wonder when we will recover especially when everyone is selling off altcoins to bitcoin. the market is looking shabby at the moment.