Why January is the Worse Month for Crypto Currency

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Between September to December 2017, the crypto market exploded. Bitcoin reached over $10,000, Ethereum reached over $1,000 and XRP hit $2.00. This all happened in December alone. These outrageous gains attracted scores of people willing to purchase at the peaks, because the market seemed like it would never stop.

So looking at the dip chart, along with recent news, it seems easy to connect a conspiracy-dot map: Knowing about the January dip, along with massive amounts of new investments, caused big players to try and create panic via news, in order to lower price.

But over the last week, everything has come to a crashing halt. Almost all coins have decreased in value ranging from -10% to -90%. People who bought in at peak prices, which is most likely the majority of coin holders, are selling at the first site of red. These panicked reactions cause the values to go down, and everyone is left scurrying to sell, in order to mitigate the damage.

According Coinmarketcap the biggest growth of Bitcoin happened in the last months of 2017. Bitcoins price in August of 2017 was $2k, and rallied without missing a beat until December, reaching the high price of $20,000 USD.

So this correction was expected by more veteran investors, and the warning was heeded by smarter, ‘green’ holders. Despite these warnings, many have sold, and are dumping at a loss. Understanding the technology is difficult enough, let alone putting mental thought into understanding something that’s making you lose money. The investment just was too much for some, forcing them to sell and never look back.

But reassured, there are lots of factors at play here, as well as a clockwork January dip causing this drop. Every January, the crypto markets dip.Since 2015, the crypto market took a steep dip in January. Study the chart, and you will see the patter emerge in all three years, like clockwork