We cannot really help it. The market is down before holidays so it would be hard to flip it to a positive one during the said period. Also, the factors which affected and yield to bearish market is still being felt or are still existing at the present. More likely, the chance would be for next year but that does not assure recovery but for sure many of us hope for such thing because this industry will have a hard time to recover afterwards.
This behavior is expected, it is normal for whales to try to push the price down to get Bitcoin at the lowest prices, especially during the festive period when the movement is almost at a standstill.
But the question is how far will they continue to push the price down? This is not clear.
In any case, for the long-term investor, this is not important because he set a goal and will not sell before achieving the goal. As for the speculator, he must be careful and stay away from the market in the current period, at least until the beginning of the new year, when some movement is expected in the market.
I am a long term investor, but i speculate aswell to maximise my accumulation. I'm sure there are many like me, not everyone being either an investor or trader only.
Me, I am a long-term investor and what I want is for bitcoin to drop more, as much as possible, because I want to own cheap bitcoin. I don't want bitcoin to rise again too soon. A lot of people are expecting bitcoin to increase in price in the new year, but I am expecting the opposite, and I am glad that many people believe bitcoin will rise again. Because I see bitcoin always tends to go against the crowd, and this time I hope it will repeat.
Good for you that you can afford seeing how the market behaves right now. This is simply the advantage of long term holding because it would somehow save you from bigger worries caused by a change on the market prices of crypto from time to time.