Crypto fell into wrong hands in December 2017

[kier010]

i have seen a story of a guy selling his property and buy bitcoin and he got a lot of profit. maybe others are also copying him and want to earn a big profit too. but when dump happen they are the first to panic because they make a wrong decision.

[Ranly123]

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

They might fall into the trap of crypto where they had invested in a high price and now they had a huge deficit in their investment. Nonetheless, is would be another opportunity for them to learn and have patience for another bullrun to come.

[charlotte04]

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

Of course, it is just all about the hype that happened back then, and a lot of people already got out of the market and the one that are left are those people who awaits the new rally.

[Huskarls]

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.

but the holders will also play their logic, they will think, with the fall of the market many times, making them tired of HOLD coins if they buy at that point, not to mention the ICO capital they have used to invest. Big drop will cause a pretty bad depression, they definitely think "why not sell at the price of a week ago"

[chairmanMao]

I don't agree with your point of view. This is not objective. In fact, people who bought coins in December 2017 can only be called speculators. Many people sold their houses to buy coins, but the bubbles quickly shattered, so they actually lost a lot of money. They are not bad people. It is shameful that only scammers in the encryption industry. There are no good people or bad people.

[Jating]

I don't agree with your point of view. This is not objective. In fact, people who bought coins in December 2017 can only be called speculators. Many people sold their houses to buy coins, but the bubbles quickly shattered, so they actually lost a lot of money. They are not bad people. It is shameful that only scammers in the encryption industry. There are no good people or bad people.

Everyone is speculators here, even those manipulators. Of course there's no bad actor here. Everyone's intent is to make money or buy cheap coins when someone sells. This is how the market works and operates and we need to understand that. The good thing though is that this bear market has teaches everyone a big lesson, the price would go parabolic and its up to us to make adjustments as we see fit.

[elcezireex]

The market is full of people wants to be rich as fast as possible and that's why the market is in this status.

[drrekkty]

Even if you're right, then think about another thing. In 2017 only thanks to awareness and mass people came to crypto this pump happened!
Without these guys you couldn't see thi bull run!

[jerrison]

i wil not say that crypto fell into the hands of wrong men or people but then i will say the massive adoption it had in 2017 had created quite a scare in the financial sector and then it had to cause some sort of negative impact on the already existing banking policies and that has made them team up to look into the said technology that has set out to disrupt the financial world and that also sent bad signals to the investor hence having a negative effeect o the price of crypto.

[tmpwhore]

I'm absolutely agree with you. These guys didn't know about this market anything before they had invested. So why they are panic now? It's only their fault. All smart investors sold their crypto them.

[Denton]

Always will be. After each take-off of the market, we will be joined by new people who are hungry for big money, but then when the market falls again, there will be only a small part of them. This is a normal situation and gradually it will help to weed out unnecessary people who do not believe in crypto.

[sonicwave]

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 think that those who invested in 2017, when there was the biggest peak, they will not return more to the cryptocurrency market, because they are afraid to invest once again in something that has already been burned. I understand them.

[fortelen]

many who enter just because an enormous rise in crypto that ultimately makes them too was getting results. in the end when the next time crypto crashed many that go with a loss. This is causing a lot of the decline of the market making volume into fall.

[azalea69]

This is a market that can explode and attract many enthusiasts in 2017, crypto indeed continues to have many opportunities to reach the highest and lowest peaks. Enthusiasts only see the side of luck so they are not ready to accept the risks that occur.

[raitsuk]

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

Perhaps you were right, there are many people joining the crypto that time, and right now when the market is like this, all those people getting worried and many of them end up dumping all the coins they had, making the condition even worse.

[Reid]

Let us not go back to the past.
What done is done and now we have to move on from it.

Yeah it might be the reason for all the dump that had happened since many people just rode the boat thinking they will get rich im a day or a week.
It is wrong and I have seen that with my friends too. They talked about bitcoin when reached 19k USD but never when it was still at $300.

Now, what else could we do to make bitcoin be more valuable?

[fuer44]

that is what is called hype, without knowing the basis of crypto, they enter with the expectation of large profits and when the market falls, they actually panic sell which makes the situation worse. people or investors should be more patient in investing in crypto, because whales can manipulate prices at any time.

[Kunlejoe0]

Cryptocurrency is evolving, and as it grows and mature, it will have increase in value and other uses of cryptocurrency will signal participation for many other users. I believe the cryptocurrency market is worldwide. Cryptocurrency prices will recover and people will see how important cryptocurrency is in future finance and economy!

[florac9]

Yes you are right,I figured that out in my own street ,some investors in my street just rush in when bitcoin was sitting at 19k and now they have already back out and sold at lose price ,I tried to lecture them though but it doesn't look like it works

[Bittalk12]

Unfortunately, most of those person who invested on 2017 are just riding the boat during the hype season and wanted to earn an extra cash immediately. It was reported that bitcoin was over bought and it proved there are some who just invested without knowing what cryptocurrency and blockchain is. We cant blame them leaving the market since they also have to protect theirselves from more possible price dump or loosing more money.