For me it's clear, from the moment BTC went to the Dow it slide down and be played by the big boys.
More and more we see up's and down's controlled by some big players between 6000 and 7500.
Alt coins are following that vibe, and some step out the line but be pushed in the direction the big players want.
I ask myself who is behind it, are governments behind it that not like the BTC and want it pushed down to get people frustrated.
So frustrated that many of us, get sick and tired of the up line pushed down already few time around 7400.
Ofcourse we are human, and after some push down's, we want to be strong and not give up.
But we also not want to be that person that miss the boot, where the rest break and sell the BTC.
It's almost 12 o clock when this price will go up around 7400 again, and drops down again i see a huge drop coming.
And the faith in going up higher, will be lost more and more. And that is what they want.
So what are you going to do ? Am I wrong ? It's massive indoctrination dunn by huge selling dumps.
We have 2 options Guys, let them play with us and let them win.
Or show them that BTC is much stronger then some Jealous scary Government, they need to be stopped.
We can only win this battle if you leave your finger off the Sell button.
Succes gr Bas sorry for shitty English
I understand where you are coming from. When BTC became a big hit last year a lot of people bought it even if it's price is way too high (ranging from 10,000-19,000 USD). A lot of people think that BTC's value will continue to soar. They didn't expect the worst so they didn't see this price drops coming. Some of them does not have enough faith on bitcoin. They were just convinced to invest just because of its price and promising future.
I just can't imagine how much loss they have incurred. But for people who have invested 6 months prior to this moment. This price drops didn't bother them at all. And it's time to hold for the mean time for the traders.