Bitter truth behind the market crash

[ace1105]

We have to pass via this hardest time many time in the 12 months cycle. each person is aware of from the past years information that bitcoin usually drop itself at the begin of year and in the end it is going down in the value.they're the best those who definitely push the marketplace upwards, however the process is in reality slow but it does take place.

You are right, the best thing to do now is forget temporarily our investments and find other ways to earn new income. Yeah you are right bitcoin is for a long term investments.

[1714998095]

1714998095

[silviyako]

many people jumped to the hype train when the price was increasing rapidly. and now that the price declined, there comes the panic seller causing more decline to the value of bitcoin. they thought they could gain profit in just one night and get rich. g

[CryptoLucy]

in my opinion bitcoin drop it was good for the market, market becomes riper. HODL

[winterland]

The Crypto market is crashing...  Now BTC= 7400$ & Eth=400$

What happened to BTC?

1.Thousands of people came into the Crypto field and started buying in Dec/Jan. So the market hyped unbelievably.
80% of them have 0  technical knowledge about Cryptocurrencies.
90% of them does not believe in Bitcoin.
20% of them have absolutely no idea what a cryptocurrency is and how the market behaves.
70% of them just wanted some quick profit.

2.Some idiots bought and sold for quick money and dumped the market.
3.Some people got panic and started selling.
4.Whales saw this early and slowly sold part of their holdings. Now they are buying at low prices.

What happened to Eth and Ethereum tokens?

1.BTC going down = Eth going down
2.People with 0 crypto knowledge started investing in ICO's.
3.People with 0 crypto knowledge started doing bounties.
(Those are the spammers in Bitcointalk)
4.That two kind of people started dumping ICO's for quick earnings
5.Scam ICO's and useless ICO's came in to play.
6.Because of the ICO flood, ICO's became less profitable.
7. So some ICO investors lost their faith.
So Eth and most of its tokens crashed.

What happened to Other coins?

BTC going down = Every other coin going down

What will happen next?

1.Whales who sold for higher prices will buy slowly at low prices and will become 1.5* rich.
2.Some people will leave the Crypto market.
3.Believers will HODL.
4.The market will slowly recover.

Truth is never bitter it is just what it is and I think your analysis is spot on, many of the people that began buying at the end of 2017 were people that only wanted one thing and that was money, unfortunately they were not professional traders or investors since it was obvious the market was overvalued already so they bought at the worst possible time and now they are paying the consequences.

[traderethereum]

and many of them is regret because they only join in the cryptocurrency without having a knowledge or learning something related to cryptocurrency. but I am sure that some of them still hold their coins because they still believe that the market will recover and right now, they see that the time will come and they hope that they can sell their coins to recover their money or even to make a profit. the holder will make a big profit because they can hold their coins in the bad situations and they still survive until now and the holder will have a big smile in the face.