karamoris (OP)
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February 07, 2018, 07:44:27 AM |
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Between September to December 2017, the crypto market exploded. Bitcoin reached over $10,000, Ethereum reached over $1,000 and XRP hit $2.00. This all happened in December alone. These outrageous gains attracted scores of people willing to purchase at the peaks, because the market seemed like it would never stop. So looking at the dip chart, along with recent news, it seems easy to connect a conspiracy-dot map: Knowing about the January dip, along with massive amounts of new investments, caused big players to try and create panic via news, in order to lower price.But over the last week, everything has come to a crashing halt. Almost all coins have decreased in value ranging from -10% to -90%. People who bought in at peak prices, which is most likely the majority of coin holders, are selling at the first site of red. These panicked reactions cause the values to go down, and everyone is left scurrying to sell, in order to mitigate the damage. According Coinmarketcap the biggest growth of Bitcoin happened in the last months of 2017. Bitcoins price in August of 2017 was $2k, and rallied without missing a beat until December, reaching the high price of $20,000 USD.So this correction was expected by more veteran investors, and the warning was heeded by smarter, ‘green' holders. Despite these warnings, many have sold, and are dumping at a loss. Understanding the technology is difficult enough, let alone putting mental thought into understanding something that's making you lose money. The investment just was too much for some, forcing them to sell and never look back. But reassured, there are lots of factors at play here, as well as a clockwork January dip causing this drop. Every January, the crypto markets dip.Since 2015, the crypto market took a steep dip in January. Study the chart, and you will see the patter emerge in all three years, like clockwork .
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ICOPara
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February 07, 2018, 07:49:01 AM |
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In some places of the internet i saw that these weeks are new year for asian people. Because of that they change their Money from crypto currencies to fiat. I think that the first price collapse is that issue.
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anizpk
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February 07, 2018, 07:53:35 AM |
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too many new investors in December who don't know much about cryptos who bought it at peak. they are selling coins thinking it won't go up again after each news (or fake news). Too much FUD in the market. But hopefully, everything will go to normal soon.
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dzelenyanskiy
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February 07, 2018, 08:01:26 AM |
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As we can already see, January was not so bad as February. The current situation in the market of crypto-currencies is the result of large-scale speculation and greed of big players!
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marks1976
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February 07, 2018, 08:04:58 AM |
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too many new investors in December who don't know much about cryptos who bought it at peak. they are selling coins thinking it won't go up again after each news (or fake news). Too much FUD in the market. But hopefully, everything will go to normal soon.
Newcomers feel worry about crypto caused by FUD and in addition there some people are accusing tether because it looks the company is not holding any reserve fund to backed tether as equal with the dollar value. But it looks we are jumping back again. But it doesn't matter how many already raised on the green pattern. The fact that we need more and more possitive news about crypto.
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GR92
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February 07, 2018, 08:11:10 AM |
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It's absolutely expected situation,because we've seen it every in January. So, don't worry and wait March\April!
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Aminmon
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February 07, 2018, 08:13:51 AM |
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Almost every January is red, and many people say that because China has a Spring Festival during this period, it is caused by China. But every year in March, there will be a turnaround in the cryptocurrency market, so it's still a bull market, and we need to do just that. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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Hatuferu
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February 07, 2018, 08:25:30 AM |
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Almost every January is red, and many people say that because China has a Spring Festival during this period, it is caused by China. But every year in March, there will be a turnaround in the cryptocurrency market, so it's still a bull market, and we need to do just that. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Hopefully we will be able to see a progressive market starting this month, January was really worst for all of us since most of our investments are down and it can been determine by looking at the marketcap, compared december 2017 and today, it has a significant drop.
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supermine
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February 07, 2018, 08:37:15 AM |
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In January there maybe many festivals for all religious people so they want to cahsout their investment for their needs.But I don't know that is the main reason for the price fall of crypto currencies.But all the year the dump of the crypto currencies occurring at the january so it looks like someone is manipulating the prices.So whatever maybe the reasons we know understand that price of crypto currencies will fal at beginning of year so we can plan according to that to cut out our losses in future.
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rowel21
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February 07, 2018, 08:41:24 AM |
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Holders sell there coins in bermonth cause they needed money for holiday season that's why if January is coming we expect that price will decrease
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sabina2011
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February 07, 2018, 08:44:10 AM |
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Very good analysis, I think this is the time to buy, now the prices started to go up, so hopeful that this will continue.
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endlings
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February 07, 2018, 09:05:27 AM |
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I think this is one of the reasons. Another reason is that because of the rally, bitcoin has soared so much that many people think making money by joining, it's just because those who join bitcoin rise up again and the whales start selling and they are scared Running, bitcoin every year there is such a situation, in fact, we do not have too much to worry about.
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sparg
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February 07, 2018, 09:23:12 AM |
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The same thing but with less words than the OP is sayd in many threads on this forum. All this with the crash in jannuary and the chinese new year and bla bla. Just read the forum, stop panic and if you are faint hearted just cash out because this game is not for you. Some people need to pay taxes, to go to holyday or just to cash out on the proffit. So this dip in the market si normal and not a motiv to panic. Even so, if you are in panic just keep it to yourself and stop spreading it because it is very contagious especially in newbies.
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Yudhisthir
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February 07, 2018, 09:27:14 AM |
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There were several reasons these years. But generally January is largely affected by festivals season in Asia. You may notice this months not only the crypto market but also the asian stocks market are strained.
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konfuci
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February 07, 2018, 11:05:41 AM |
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Yes may it is. Wait for time being. It may rise up soon till mid or end of this year.
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ReshkiN
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February 07, 2018, 11:08:26 AM |
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I often come across the opinion that this is all due to the Chinese New Year. After him, the growth of all the cryptocurrency will go. And it pisses me off.
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superloy
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February 07, 2018, 11:09:43 AM |
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January is indeed that worst Month of every year as if we're going to check the history of Cryptocurrency graph information. January 2016 had a deep fall also and the same thing happened last January 2015. The point is, if you miss selling all your coins before January the only thing you can do is hold them and wait until the market recovers. FUDs and fake news are just a part of the game and traders and whales are taking advantage from panic sellers and weak hands investors.
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superloy
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February 07, 2018, 11:14:26 AM |
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I often come across the opinion that this is all due to the Chinese New Year. After him, the growth of all the cryptocurrency will go. And it pisses me off.
Indeed, there will a strong evidences that in any major holidays in the world there would be a mega dip of Cryptocurrency Market because people choose to convert their Cryptocurrency assets into cash and spend that money on vacations and holiday celebrations like Christmas, World and Chinese New Years etc. It is indeed hypothetical that people deserves their profits and those who patiently holds their coins should be rewarded by high return of investments.
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cheezcarls
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February 07, 2018, 12:55:57 PM |
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For me, I think this is nothing new when it comes to the January crash. I have checked in the past 2-3 years, January was absolutely one of the months where we see a healthy correction. However, it surges after the Chinese New Year and may stabilize in March until we see a huge surge between May to June and October to early December.
You do not need to worry about it though, because it's normal to see these dips. At least we finally know about the months that the dip happened, so we should be prepared for that next time. This is what cryptocurrency is all about, unpredictable pumps and dumps.
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