Crypto fell into wrong hands in December 2017

[Dacosta Osei-Tutu]

Most of the people who joined the crypto community at the later part of 2017, especially December were not any real crypto investors. They just heard about the booming prices and decided to join and also make profit. They don't know the potentials of the blockchain technology and the future it holds and that is why now that prices are down, they have all left the market and its left the real crypto enthusiasts. They are those who are seriously doing panic selling over the markets

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[xiaoY]

This understanding is not objective enough. In fact, speculators and investors have the same view of the cryptocurrency market. Investors who usually buy cryptocurrencies in December are late, they may know the cryptocurrency market through the media, so this is normal. Losses in the cryptocurrency market are common, so investors will understand the real cryptocurrency.

[JimmyNg90]

Most of the people who joined the crypto community at the later part of 2017, especially December were not any real crypto investors. They just heard about the booming prices and decided to join and also make profit. They don't know the potentials of the blockchain technology and the future it holds and that is why now that prices are down, they have all left the market and its left the real crypto enthusiasts. They are those who are seriously doing panic selling over the markets

Do you spend a lot of money to invest in something you do not know? Investors who are not familiar with the crypto market will not do so. So leaving the market for those investors is only a small part of the bear market.

[butka]

They are those who are seriously doing panic selling over the markets

It is a good thing. The weak hands are leaving. Let them leave. These "get rich quick" attempts have nothing special to do with the crypto market, they are universal. I agree that the crypto space is better off without a horde of speculators. But I'm also sure many of them will return when the next hype cycle is at its peak, buying again at the market's top. Nothing we can do about it. It's the law of the market.

[Endikadija]

Most of the people who joined the crypto community at the later part of 2017, especially December were not any real crypto investors. They just heard about the booming prices and decided to join and also make profit. They don't know the potentials of the blockchain technology and the future it holds and that is why now that prices are down, they have all left the market and its left the real crypto enthusiasts. They are those who are seriously doing panic selling over the markets

Most of them are seeing there was a lot of people being millionaires caused by crypto and then they were rushing it without knowing more or at least have some basic knowledge about the cryptocurrency itself.
They were amateurs who wanna become a rich person instantly.

[Gryphet]

Most of the people who joined the crypto community at the later part of 2017, especially December were not any real crypto investors. They just heard about the booming prices and decided to join and also make profit. They don't know the potentials of the blockchain technology and the future it holds and that is why now that prices are down, they have all left the market and its left the real crypto enthusiasts. They are those who are seriously doing panic selling over the markets

I agree , but I think those who joined the investment in December have already sold their coins in the negative , there are few people who actually still hold their coins , usually beginners always buy when the price goes up and not down is a frequent error

[ije07]

in my opinion it is natural and what they do is the right thing because everyone wants to make a profit and does not want to suffer losses so most people just follow the trend, when the market is developing so many people join so that they can benefit from the trend then when the market began to fall, so many people left that they did not suffer losses

[babarian]

This understanding is not objective enough. In fact, speculators and investors have the same view of the cryptocurrency market. Investors who usually buy cryptocurrencies in December are late, they may know the cryptocurrency market through the media, so this is normal. Losses in the cryptocurrency market are common, so investors will understand the real cryptocurrency.

then what's the problem with the price situation in the market? Is this related to investors who are used to buying crypto currencies in December? isn't it now entering December? why hasn't the price in the market recovered?

[Jamesdila1]

yes but i think thats a positive thing for longterm future of crypto market. we really need crypto lovers. not panic buyers or panic sellers. anyway now everyone have understood about this market and lets see what will happen in 2019

[Hanebel]

Most of the people who joined the crypto community at the later part of 2017, especially December were not any real crypto investors. They just heard about the booming prices and decided to join and also make profit. They don't know the potentials of the blockchain technology and the future it holds and that is why now that prices are down, they have all left the market and its left the real crypto enthusiasts. They are those who are seriously doing panic selling over the markets

We are not so sure about that. This is just a plain opinion. So, blaming them for what happened to the price now does not make sense. Everyone should be part of the blame because everyone has made the market to be like this.

[clonely]

Most of the people who joined the crypto community at the later part of 2017, especially December were not any real crypto investors. They just heard about the booming prices and decided to join and also make profit. They don't know the potentials of the blockchain technology and the future it holds and that is why now that prices are down, they have all left the market and its left the real crypto enthusiasts. They are those who are seriously doing panic selling over the markets

It is not easy to holding tight right now. I can understand who has lost their money. But human makes a mistakes always with panic. So please calm down. It will goes down and up after it.

[batang_bitcoin]

They are real crypto investors but they are just short termers.

Its a wrong timing for them that they invested when the market is booming and that's a normal practice for people that doesn't believe to crypto. And we can't blame them for their misfortune for getting involved at the wrong time but if they will keep on learning from that mistake they can adopt.

[Nekoma2018]

Most of the people who joined the crypto community at the later part of 2017, especially December were not any real crypto investors. They just heard about the booming prices and decided to join and also make profit. They don't know the potentials of the blockchain technology and the future it holds and that is why now that prices are down, they have all left the market and its left the real crypto enthusiasts. They are those who are seriously doing panic selling over the markets

Well I think you're absolutely right on this one... so many people came in the market when bitcoin hit 10k usd.. they all wanted quick change

[aalavandan]

But you do not think that these people are dropping the crypto currencies prices at the moment right? The most of these people are still holding because they have bought BTC at 20k USD and they should be big fools to sell it right now.

[tomahawk9]

They don't know the potentials of the blockchain technology and the future it holds and that is why now that prices are down

Most of the people in the crypto space don't care about the technology, it's all about looking at cryptos as a form of investment and making money and huge profits, and I doubt things will change in the future until the adoption phase begins when people will start investing in cryptos for their actual real world use-case.

They are those who are seriously doing panic selling over the markets

I don't think the current downtrend was caused by panic sellers, I believe we got rid of them a long time ago, otherwise, the price would've tanked a lot more, what we're seeing today might just manipulation from some big whales.

[meanwords]

Just another hype that baited those newbies and made veterans rich again. They expected too much in cryptocurrency market and that is their downfall. To be honest, I want cryptocurrency to fall more at the end of this year and wait for the natural growth to happen again.

[Ailmand]

Most of the people who joined the crypto community at the later part of 2017, especially December were not any real crypto investors. They just heard about the booming prices and decided to join and also make profit. They don't know the potentials of the blockchain technology and the future it holds and that is why now that prices are down, they have all left the market and its left the real crypto enthusiasts. They are those who are seriously doing panic selling over the markets

We cannot conclude it that way. There's no guarantee that only new people in crypto is the reason why the market crashed. Most likely this is because of whales who know how to manipulate the market which lead people to panic.

[virtual_miner]

Most of the people who joined the crypto community at the later part of 2017, especially December were not any real crypto investors. They just heard about the booming prices and decided to join and also make profit. They don't know the potentials of the blockchain technology and the future it holds and that is why now that prices are down, they have all left the market and its left the real crypto enthusiasts. They are those who are seriously doing panic selling over the markets

We are not so sure about that. This is just a plain opinion. So, blaming them for what happened to the price now does not make sense. Everyone should be part of the blame because everyone has made the market to be like this.

I do not think it is our fault, when a market is easy to make money. As in the dotcoms, stocks or real estate, it has attracted a lot of people. And you know that, all a balloon, it will deflated

[desticy]

It is a good thing. The weak hands are leaving. Let them leave. These "get rich quick" attempts have nothing special to do with the crypto market, they are universal. I agree that the crypto space is better off without a horde of speculators. But I'm also sure many of them will return when the next hype cycle is at its peak, buying again at the market's top. Nothing we can do about it. It's the law of the market.

On the one hand, it’s really good that the market is clearing, but on the other, all those who leave are those investors who came to the market at the peak of popularity, there are many such people and it was thanks to them that the 2017 bull run was possible. Obviously, after their departure, there will be no one to come.

[qualitywork]

in my opinion it is natural and what they do is the right thing because everyone wants to make a profit and does not want to suffer losses so most people just follow the trend, when the market is developing so many people join so that they can benefit from the trend then when the market began to fall, so many people left that they did not suffer losses

Of course, that's right. Every single person in this Forum are here only to make profit. No one want to afford loss after making investment also a lot of people have bought coins in this bear market for cheap price is a good thing. So that's a great Idea.