So, a correction was bound to happen sooner or later. The massive gains we saw had to retrace one way or another and the katalist is the uncertainty in the Asia region. We hear a lot of ‘they want, they might, they think about’ and of course it is no secret China has taken a regulatory stance towards crypto. As with the previous closing of exchanges and prohibition of ICO activities in China, I see these developments more as a good thing than a bad one and I’m confident once the market snaps out of its uncertainty or agrees on new valuations, we will see new all time highs within a month.
All in all, this is the time you use to buy more crypto with fiat. This is nót the time to sell your coins. You generally never sell for a loss in crypto unless you invested in a coin with weak fundamentals for a quick flip. So, add, accumulate and hold. We might see a couple more days like these or even two more weeks of it until the end of January. I then see BTC recover pretty quickly to $17,000 and somewhere mid February testing 20,000 again
