This market is really still very small compared to other markets, so price manipulation is very understandable. Do you think the price suddenly spikes by 2x or 3x because newcomers like us bought in? The most typical example is $XRP. The price drivers do everything, so it's easy to understand that it can halve, when the market is green, no one fears the price dropping, but hopes it drops to the range they want to buy. But when it really drops, they don't dare to buy, and the view around is continuously decreasing; the principle when it's green is to buy without fear is due to greed, and when it drops, not daring to buy is due to fear.
Before analyzing further, I will share my perspective on investment. If you participate because you see it's easy money, you enter and make money, and your money is borrowed or from selling other assets to have capital, mortgaging... then you really can't withstand a slap in the face like just now. I participate with money taken from part of my monthly income, and I spread my purchases, so my position is still quite good, so there's nothing to worry about.
Why do I say the strongest wave is still hanging in the balance.
First, the market makers hold quite a lot of stock, with the entry only recently a few times from the bottom, so they cannot offload enough; liquidity is still too weak.
Second, the experience of tasting losses and then being happy to return to shore will lead you to sell as soon as you break even. It plays with your psychology to make you forget what the altcoin session is, to the point where new analysts who only saw the rise until now have dropped by more than half ;)).
Third, the market cycle has always been like this, with no changes at all; only your psychology changes, so you will automatically think it has changed. For me, seeing such drops is quite normal. At least according to the previous article about market cycle psychology, the majority of you still believe and hope that a strong upward wave will come, and of course, that perspective is still correct.
You need to know if you are a holder (buy and hold, waiting for a new price to sell regardless of whether it goes up or down) or a trader (short-term trading). Once you determine this, you will feel more comfortable. Many people are just novice traders who enter at the peak, see it drop, regret selling, and become reluctant holders, so there’s no day they can eat well and sleep soundly.
In conclusion, the fish choke the Westerners during Christmas and New Year, a drop can only be sold at the bottom, and by those days I think it won't drop deeply. And let's get you used to the fear when returning to the shore, you will go outside and wait to buy at a higher price.
Remember that all opinions from different people are like the words of a fortune teller, so whom you listen to and follow is up to you to decide. The general view is still that there will be a season of altcoins crashing. And of course, when the price rises sharply again, there will still be a few instances like this; no one knows when it will come and where it will go. Those fluctuating numbers are just illusions; when you sell, that's when it's really your money.
