Is it manipulation? or just not breaking the resistance of 12K Area?
I am shocked of this recent drop and i am a long term holder, what do you think it will happen? just a correction?
I think wait for longer time wouldn't affect for long term holder. I mean maybe see a lot of responses from people, if you really long term holder, maybe wouldn't ask and worry about your investment because long term holder will keep wait until they think their investment is gain a profit. But that is only my opinion.
And being a long term holder gives you the idea of keep buying those cheap coins as the opportunities to sell it in a much better price bring more decent profits right.
Thinking about the current downfall. there are always factors that affects the behaviors of the market
and part of that are the whales who are really good in making situations, be precise with your chosen
strategy, if you are aiming to hold long then keep it that way.
What's happening to BTC right now is the question that goes through most of our minds! Some think it is just the normal correction and dare I mention that some speculate this is the new contraction for BTC and crypto alike.
Myself, tend to be more optimistic and think that this is a normal market response given the previous slow inflation. It is annoying as a long term holder but as @Fredomago suggests this might just be the best time for people looking for long-term crypto investment. So seise the opportunity while you can!