one more point - a lot of marketers just fix their profit before the end of financial year

Bitcoin, Litecoin, Dash, Ethereum, and Monero, that's all we need. 

Oh, and USDT (I saved a lot of money last night thanks to Tether).

At least with this dip, some of my friends who were waiting for a dip can jump in at a lower value before it goes up again. This way they can benefit, and hopefully newcomers to crypto can see that there is no need to panic. Some will opt out and jump back in. But I hope for everyone that they won't panic sell and lose out, that would suck.

The way I see it...
If you were planning on making QUICK profit off cryptos, your panicking right now.
If you were planning on making profit years from now, your enjoying the sale right now.
If you were investing in the technology because you believe in it and don't care about the fiat price, your laughing right now.

So the question is, which category do you fall in?

Hi ,
Nice work sir

I bought Litecoin at 180 today, now it's back between 270-290

The one that controls his emotions, wins.

Hey @joshsigurdson, 
this is a nice christmas gift to everyone. We should celebreate this and buy some ICX  ;)
Thanks for sharing your thoughts.

Nice simple run-down of the bear moves we have had in bitcoin so far. Knowing a financial instrument's history and its price action characteristics certainly helps with making future decisions. Taking into account the price action history of bitcoin I would not be surprised if it goes back up to $20,000 and beyond.

Nice article Josh, just getting into bitcoin and cryptos I'm having a hard time deciding when to buy, will it go up, will it go down? who knows, not me haha. Knew I should've bought this morning when it dipped below 11k! 

Nice write up, it helps for newbies like me

thanks for the encouragement...

Hopefully bitcoin to the moon
😀

Some people just sold some of their BTC before Christmas for fast cash. Gifts still need to be bought by old currency. As said by a few here, it 's a great opportunity buy more of it.

Nice article. I would also be interested to know how this affects miners?
I have never mined BTC, but other coins.. thx.

Surprised you mentioned BCH over LTC as the first alternative. LTC is already set up for lightning and atomic swaps too. Definitely was a scary morning but have to remember this stuff is the future. Resteemed.

People buy the tops and then sell the bottoms. Classic.

I was soooooooooooo close to panic selling. I don't think I have what it takes for speculation. Articles like this helped me calm down, thanks!

I love this post just got informed now abt bitcoin price wish i have money i would have bought some and hold

like your post.thx for bro

Some great perspective as usual @joshsigurdson, thank you. In a way I panicked yesterday. How that? Well I didn't sell, I actually bought, but I bought on a small scale. I was scared to dip more that what I did into the pond. 

I really should have been confident in the dip as a gift as you so eloquently say and backed up the truck but I did the "panic sell" version of buying. Perhaps there are others who relate to this scenario.

I guess I shouldn't bee to hard on myself. I lost a lot on a leveraged trade on EOS which I held on top of my core position and perhaps that salted my water a bit. Perhaps I should still be proud of myself for buying at all. In fact, yes, let's look at it that way!

Thanks again for the constant stream of useful and relatable information.

Thanks @joshsigurdson
I see this a gold opportunity for people to strengthen their position in cryptocurrencies. People who're here for the long term will realize this.

Yo joshsigurdso, very interesting read, thanks you for sharing it!

Christmas sale on all your favorite cryptos. Grab now before they go back up.

As market cap increases it will make it harder to cause massive waves like this but it's going to be a wild ride in the mean time but your not seeing 3000% price movements like we did in the old days

Best advice is to buy in small amounts over a few weeks and hold as you can't really time the market.

It is that December holiday pump and dump. All month with the pump. And now everyone sells to do last minute christmas shopping. It will be okay. Just gotta get through the weekend and it will soar again.

This is just a buying opportunity! Beep beep beep loadin up the truck! Up voted and resteemed!

Thanks for the solid advice.

Dollar cost averaging is one of the tried and true ways to make money on long term investments.  Buy low and buy high, then sell later when its even higher!

I believe what most people assume to be panic-selling is just big margin traders getting liquidated on large exchanges like Bitfinex. The only investors panic-selling are the ones that took out second mortgages and CC loans to fomo-buy during the hype cycle.

Everything is popping back up before anyone can even move their cash to coinbase.  I had another $50k to invest but only got $500 in at the firesale prices. Once everyone moves their cash everything will be above old highs and people will just say WTF and buy in anyway. LOL! These dips are getting to be more and more of a joke on the way up to x100 gains.

Good post Josh - but I think most have already bailed only ones left are us diehard fans )))