People are "round" predictable creatures. People like round numbers. 20.000 $ is a very round number, once BTC hit 20.000 Sell! It's falling, OMG Selll moooore!

Let's see other "round numbers":
---------------------------------
It passed 15 (17), fell to 13
Before that 11 and immediate 9
5 and 3.3 in two weeks
1.150 to 750 in one week
500 to 320 ... 

Beware of Round!
And Beware of Holidays
Don't go to the gym on Monday, everybody are starting on Monday

<p>This post has received a 25.62 % upvote from @booster thanks to: @scandinavianlife.</p>

Well said.

What we need is more trading pairs that don't include BTC.  I agree that BTC is a dinosaur now but the way the exchanges are set up BTC is crucial for trading.  We need to remove this point of weakness so we the alt-coins aren't dependant on BTC and then they won't sell off with BTC.

Yup, people are irrational. Just enjoy your <b>Hodlidays</b>: Forget your portfolio and coinmarketcap, instead enjoy one of the rare longer periods of peace in this hectic world by however you like.

I'd also put more fiat into crypto on these Christmas sales but unfortunately put almost everything in it already. Hopefully the sale lasts until the end of the year when I get my paycheck :D

Good post thank you bro :) following and follow me

Panic button is on and I am seeing everyone going crazy. When I looked at my balances, I felt a cut but then I am seeing these discounts and we will be entering the new year in Green Zone. I have picked ethereum in this dip.

I'm also extremely tired of the drama with bitcoin and it's direct affect on the other coins. I honestly don't know what defends Bitcoin core's high value today except for the fact that it's branded and imprinted in people's mind. The fact that it could go to 1 million is always echoing in people's head. Technology changes fast and I think it's important to stay updated and educated so that one can make the right decisions in the crypto space

Now we will notice the fall of all currencies now bitcoin
Will rise after the correction so you should be afraid of what you think you are in this

I think this was more of a banker dump which caused panic. It's a new generation and a lot of big banks are immersed in cryptos. I lost 20k in about 45 minutes. Not a good feeling, but both Bitcoin and BCH will see another massive rally. It's nothing worth worrying about of course. 
Like you mentioned, discount! 
The vast majority of people in Bitcoin don't even understand Bitcoin, so the market isn't intelligent enough (sorry to say to the newbies) to collectively sell off at this scale. This was a massive dump followed by panic.

Like that sounds good

And don't forget a healthy correction was just overdue. Most coins went higher than it was expected so the market was just overheated. 

And now it might be time for some fortunate investors to cash their profits. Good for them, next year we will go onto another ride, buckle up everybody. 

Merry Christmas

good post regards me @mizi23

Bitcoin effects on altcoins must be reduced otherwise if altcoin dies altcoin dies but if bitcoin dies everyone dies

It's all paper profit and losses.  Nothing has changed in your holdings, why you're holding, and what these technologies will do in the future.  At least you slept through the sea of red, as us in the US were awake for it. Thankfully I don't care at all and am happy for the correction to be a dose of reality for the newbies coming in on big green candles expecting the moon tomorrow.  

I just did some Steemit stuff to earn crypto and ignore the drama none of us as holders need to worry about.  It's a lot of new crypto investor's first major dip and it'll teach everyone a quick lesson across the board.  Hopefully people didn't panic sell, but if they did, it's better to do so early on then make the mistake later for higher stakes.

"It has become a true communist coin. Just look at the people defending it. They act like mad social justice warriors attacking anyone who dares to question their all mighty Bitcoin. "

Last time I checked it was roger ver who had a mental breakdown like the  little special snowflake he is. And he is the one using propaganda, like "OMG THE FEES ARE LIKE 100 $"...  :D

It is correct, I am taking advantage of buying right now, I think that next year everything will go up like crazy, especially taking into account what happened this year in the markets. No nerves, I have also lost with this descent, but I have confidence in this.

I think he's right, at present there may be better crypto than bitcoin, and it is true that it is very expensive, but many people will enter the market in 2018, and the first crypto that will be negotiated will be bitcoin, that will always be good for holders of bitcoin. Many people, the most unfamiliar, only talk about bitcoin, as if it were the only cryptocurrency.