Bloadbath in crypto ?

[aloha99]

Hello everyone
It seems to be  big correction in crypto markets. Most of markets are in red with about 30% loss
BTC in 13k
ETH in 630$
BTC Cash in 2.2k
What's going on ?
I think that this correction is due to taking profit process after a glorious year as well as money cash out for Christmas shopping.
What do you think ? Market will be still bearish like this by the end of year ?

[bhadz]

Bitcoin lost 22% just for 2 days. And other alt coins are following as well except those few very alts. What's going on is people including whales are cashing it out, giving the whole market a big shake so that prices will be forced to go down. On their part, they took the profits and happily waiting for the Christmas day and they will have a good entry point to buy those majority coins with discounted price. This can stay at the end of the year and will recover on January 2018, well endure and hold.

[metribitcoin]

I think the market will back soon to the normal. Now the price of all crypto down because was bullish tren before and now the time for bearish tren. Early of january the volume of cryptocurrenvy market will bigger and the price will crazy again.

[Isaak Bitcoin]

Christmas gifts for such amounts? I think this is a well-planned speculation. We can only wait until all this is over and to what price bubbles are blown off.

[sparg]

Well this is the much expected correction. I mean people need to see the proffit in theyre personall wallet in order to spend the money, and dont forget that it`s Christmas ... YEEEY.
Anyhow the price will go up preety quick, it`s allready stated to recover because most of people profit from this discount and buy in. Its a good moment to increase the portofolio. I`m happy to see that people dont react as panicked ar previous corrections and i say that taking into account the number of threads opened on the forum.