I Am Seeing RED !!

[richardsNY]

The sea of red has turned into a field of green. Almost all coins have recovered some of their losses today. The correction was expected; Bitcoin had doubled in value in December itself (after increasing by a factor of 10 from January to November). Any rational person would expect a pull back, as some people book profits. The true believers won't be influenced by this short-time volatility.

Great thing is that despite all this red we have experienced in the last days, the price has always been up more than 1000% this year, so if you look at things a bit more precisely, there hasn't been any red at all. It's in people's nature to think that the market is going down big time, where some even said that we entered a bear market. If people stop looking at short term charts, and also stop taking the market seriously from the moment they enter, the panic would be way less severe. How many of these short term sell-offs have we seen this year? A lot for sure, and every time the market broke through a new high afterwards, but people still don't seem to understand that.

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[vanish9]

The sea of red can be also called "blood bath" and that is why there are a lot of memes regarding to this kind of scenarios when everything is in incredible red numbers. Anyway, we are now seeing a green bath, haha, just joking.

[posi]

people selling btc for withdrawing real money for christmas and new year i think XD , it will recover soon and reach new ATH

Yes, you're correct but that's not the only thing which cause the dip in price of bitcoin because the high transaction fee and delay in transaction confirmation leads to people switching to altcoin instead of bitcoin.

[Xie89]

The  cryptocurrency market right now is turning into a sea of RED...with almost all coins down not just with Bitcoin! I am sure that this can go down as one of the major corrections experienced by the market but just like in the past what goes down will also go up...we just need a little more time for things to settle down and get normal again.

This big dip is the best opportunity for anyone who has the money to buy cryptocurrency at the cheap rate and then make good profits when things will be normal again in a few days. Surely, things can get worse before they can get better. I am just holding on and just continue on watching the market go redder minutes after minutes until things can subside.

As to Bitcoin, what is your best prediction at the level it will stop sliding? The best answer will get a very special rpize from me...because I am the Bitcoin Santa Claus for 2017!

Again Tom, what about your promise? Whose got the best answer and wins your big prize?  

[ruslangitelman223]

You know now such a dynamic that one day is red, then green and so on. Some positions are stably green or red. In general, this is not an indicator that everything is on the road to a collapse, and we need to panic.

[eann014]

Nobody can control bitcoin, if the bitcoin are turning into red, well there are a lot of us selling their bitcoin already that is why you are seeing a lot of red. We cannot control the dips. This is also an opportunity to those who wants to invest more bitcoin so they can also gain profit in the future. Why just make this dips also your opportunity to buy more bitcoin for your investment?

[maichimoto]

Explain what's back to normal in crypto

[LynielZbl]

Well that's right, this is a great opportunity especially for traders to buy Bitcoin at a cheap price. No one should worry about its collapse because the possible cause is the profit taking of the hodlers. After this year, it's definitely going to go back to the top. That's what we should prepare for.

[bob3772]

Well that's right, this is a great opportunity especially for traders to buy Bitcoin at a cheap price. No one should worry about its collapse because the possible cause is the profit taking of the hodlers. After this year, it's definitely going to go back to the top. That's what we should prepare for.

Profit taking probably was a factor but the main one was the news and FUD with South Korea, among many other reasons. Many of the weak hands will have been shaken off now and those who have held through this dip will surely hold for a while longer to see the rewards of their strong hands and resolve.

[Nick Abimanyu]

Today is the beginning of the rise of cryptocurrency "running" towards a better direction, red sea back to green and fresh. Opportunity to buy is still valid today even though crypto market is on the uptrend. "Buy and Hold" for up to 7 days, maybe you will get your money above the original purchase price.