LogFAQs > #892683239

Here's my serious opinion:

- The entire market was incredibly overbought, Bitcoin included. Bitcoin had an incredibly strong run from $6,000 to $19,000 in the span of just a few weeks. Ethereum went from $300 to $900, Litecoin from $100 to $420. Recently altcoins like Ripple, Verge, and IOTA all increased about fivefold in the span of just a couple of weeks (after the main coins surged, meaning people were likely taking their profits and investing into the lesser known coins)

- Bcash being added to Coinbase showed that the market is highly volatile, it was an absolute mess of insider trading and shook a lot of people's confidence

- New year approaching, people selling profits now for tax bullshit

I've seen plenty of crashes with scary reasons, but this just feels like a big healthy pullback. Since a lot of noobs entered the space the whales realized there are a lot of new weak hands to steal money from. I think in two weeks we'll get back to where we were and grow at a healthy rate.