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Author Topic: Who anticipated the Crypto fallout of January 2018?  (Read 79 times)
BitNinja2017
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January 29, 2018, 02:08:50 AM
 #1

Who here actually expected and pre-empted the crypto "crash" of ~$300billion that occurred after the 8th of January? I made major losses of up to 60% and the market is still taking such a long time to recover. Just wondering who here actually had the foresight to predict this.

Many theories supported and heralded this crash including, however a lot of these effects appeared to have combined and created the FUD that ensued.
1. Historical charts showing major losses in trading in previous years around this time
2. Correlation with Chinese New Year period when investors and traders pull out money
3. Coin Market Cap making a blunder when they removed the Korean exchanges
4. Korean exchanges themselves under scrutiny from the South Korean government following the exchange raids.

Any one have any other reason to add to this list?

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January 29, 2018, 02:17:09 AM
 #2

I think just by looking at on historical data, we can see that every 1st quarter the price seems to go down, this might be because of a lot of people taking profit. We cannot tell how much more the value od bitcoin might go down, speculations states that it might go down to 7-8k usd, but still this is something that we needs to be prepared for, as long as the value is low, all we need to do is to buy more, since in the long run it will definitely go up
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January 29, 2018, 02:21:16 AM
 #3

I didn't anticipate such a big crash but it seems like crashes happen in January because that's when regulations tend to be introduced.

As long as you hodl and not constantly check the market you end up doing okay.





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January 29, 2018, 02:24:41 AM
 #4

I was aware that Crypto would fall at the first month of 2018. What I usually do is look at coinmarketcap.com and see the trend from the previous year on the exact same date. There has always been a downward trend from the first month, it usually goes back up after Chinese New Year

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January 29, 2018, 02:42:47 AM
 #5

I think just by looking at on historical data, we can see that every 1st quarter the price seems to go down, this might be because of a lot of people taking profit. We cannot tell how much more the value od bitcoin might go down, speculations states that it might go down to 7-8k usd, but still this is something that we needs to be prepared for, as long as the value is low, all we need to do is to buy more, since in the long run it will definitely go up
I had a rough guess that there was going to be a pop of the bubble, despite everyone saying that it wasn't in one. I'm not going to try and paint myself as a genius or a good trader, but it looked like there was something coming and I closed a majority of my positions prior to the slip in the price. An adage of not being greedy, you know?

I don't think Bitcoin will go lower than $10k, though, but I am always a perfect contrarian when it comes to market movements, apparently, so there's nothing that I can say that won't have the opposite happen.
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January 29, 2018, 02:43:45 AM
 #6

I think just by looking at on historical data, we can see that every 1st quarter the price seems to go down, this might be because of a lot of people taking profit. We cannot tell how much more the value od bitcoin might go down, speculations states that it might go down to 7-8k usd, but still this is something that we needs to be prepared for, as long as the value is low, all we need to do is to buy more, since in the long run it will definitely go up
I agree with your analyzed, every day bitcoin prices are increasingly unstable, and more often drops, network lightning will make bitcoin persist, so will not down to the point of $ 7000 or $ 8000. and all we have to do is hodl and if you can afford it you should buy it. before the bitcoin is high again.

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January 29, 2018, 03:24:54 AM
 #7

Who here actually expected and pre-empted the crypto "crash" of ~$300billion that occurred after the 8th of January? I made major losses of up to 60% and the market is still taking such a long time to recover. Just wondering who here actually had the foresight to predict this.

Many theories supported and heralded this crash including, however a lot of these effects appeared to have combined and created the FUD that ensued.
1. Historical charts showing major losses in trading in previous years around this time
2. Correlation with Chinese New Year period when investors and traders pull out money
3. Coin Market Cap making a blunder when they removed the Korean exchanges
4. Korean exchanges themselves under scrutiny from the South Korean government following the exchange raids.

Any one have any other reason to add to this list?
If someone had predicted and really acted upon it he/she is already a millionaire by now. I lost half of my investment because of the price drop but luckily I increased my bitcoin amount by 50% by doing some tradings.
Now I'm holding to wait for the price increase.

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January 29, 2018, 03:32:40 AM
 #8

Who here actually expected and pre-empted the crypto "crash" of ~$300billion that occurred after the 8th of January? I made major losses of up to 60% and the market is still taking such a long time to recover. Just wondering who here actually had the foresight to predict this.

this "crypto" crash you are talking about is 90% altcoin bubble burst. which was not only expected but also long overdue.
and losses like 60% is perfectly normal when you buy into the altcoin bubble and get dumped on as the whales make their exit after they were done pumping the altcoins.

Quote
Many theories supported and heralded this crash including, however a lot of these effects appeared to have combined and created the FUD that ensued.
1. Historical charts showing major losses in trading in previous years around this time
2. Correlation with Chinese New Year period when investors and traders pull out money
3. Coin Market Cap making a blunder when they removed the Korean exchanges
4. Korean exchanges themselves under scrutiny from the South Korean government following the exchange raids.

Any one have any other reason to add to this list?
these affected bitcoin only and bitcoin is known to go down during January and when the previous year was all rise, it goes down.
and when bitcoin goes down, it speeds up the process of altcoin dumps.

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January 29, 2018, 03:45:09 AM
 #9

I didn't anticipate the huge drops because if I did, I would have not bought more altcoins at their ATH in mid-late December. I will definitely keep an close eye on next January and wait until that time next year to buy more.

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January 29, 2018, 03:49:25 AM
 #10

It happens every year, every January. Nothing new to be surprised about. A lot of people cashed out their earnings after December, and if you look at the charts of 2015, 2016, 2017 it's all the same. Now get ready for Chinese New Year!
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January 29, 2018, 03:51:02 AM
 #11

i think i have read in one of the threads here that for the past 4 years of bitcoin market, there's a similarity of bitcoin price when it reach december to march, the data was to strikingly similar on these months, maybe we can use it as a memo or sort of when to buy or sell, but honestly no one can anticipate when are the exact time of this plunges will take place, there are so many considerations to take when investing or trading, just use it well and nothing could go wrong.

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January 29, 2018, 03:55:51 AM
 #12

I didnt anticipated the fallout of crypto value.. but upon basing on past years' data, i think it is to be expected that value drops during the first few months of the year.
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January 29, 2018, 04:05:24 AM
 #13

Who here actually expected and pre-empted the crypto "crash" of ~$300billion that occurred after the 8th of January? I made major losses of up to 60% and the market is still taking such a long time to recover. Just wondering who here actually had the foresight to predict this.

I think pretty much everyone who's been in the cryptocurrency world for a little while kinda knew what was going to happen once the euphoria/hype and pump and dump schemes finally came to an end after the holidays. Things were getting way out of hand back in December, the absurd amount of new money that was thrown into the market was bound to have serious consequences, I mean, just in December the altcoin market cap went from $130b to $540b, honestly, that should've raised a few red flags.


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BitNinja2017
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January 31, 2018, 12:31:26 PM
 #14

I think just by looking at on historical data, we can see that every 1st quarter the price seems to go down, this might be because of a lot of people taking profit. We cannot tell how much more the value od bitcoin might go down, speculations states that it might go down to 7-8k usd, but still this is something that we needs to be prepared for, as long as the value is low, all we need to do is to buy more, since in the long run it will definitely go up
I had a rough guess that there was going to be a pop of the bubble, despite everyone saying that it wasn't in one. I'm not going to try and paint myself as a genius or a good trader, but it looked like there was something coming and I closed a majority of my positions prior to the slip in the price. An adage of not being greedy, you know?

I don't think Bitcoin will go lower than $10k, though, but I am always a perfect contrarian when it comes to market movements, apparently, so there's nothing that I can say that won't have the opposite happen.

Wow that's actually impressive. Next time you anticipate something big like this happening, would appreciate you giving me a heads up haha

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January 31, 2018, 12:46:07 PM
 #15

I anticipated a drop in January due to the historical charts showing a drop year on year ... What I didnt anticipate was all the other regulations and FUD coming into play which has undeniably had a bigger impact on the drop.

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February 12, 2018, 11:15:21 AM
 #16

i assumed bitcoin will be down 50 percent why because it happened earlier also and there will be correction as well
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February 12, 2018, 11:22:41 AM
 #17

In early December when the prices continually went high, a friend of mine who is a great investor told me that the prices will drop after the beginning of January. I think he predicted very well, also he said that in March will go up again


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July 28, 2018, 03:40:15 PM
 #18

The crypto fallout was an unpredictable one because had it been predictable there would've been news about it for long but as the news leaked and people saw what happening they started retracting their investments and the result was that the price went more down again from 20000 to 6000

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