We've had a fantastic rally this last quarter of this year. In just the altcoin market alone, every single coin has just gone off the charts. If you bought any altcoin just the last two weeks, you basically made up all your losses from the last month's altcoin carnage that happened. It just shows that altcoins can make up all your losses.
Earlier this year, we had this massive rally of cryptocurrency but it wasn't like anything huge compared to what we saw in some of the altcoins and one of the reasons was because Bitcoin was going up on a percentage basis, the altcoins were just killing it. And now before 2017 ends, Bitcoin crashes in about 40%+ drop and this makes some of the cryptonians into panic mode situation. Speculations were sprouting throughout the web on why bitcoin drops drastically without warning. For now, I don't see exact reason why it drops that much, all were just speculations - they said there is market manipulation and some said it is the strategy of the deep pockets in the wall street to "pump and dump" while others said it is just a bubble correction and this will make bitcoin even stronger. And of course, the critics were always there saying this is now the end of bitcoin mania. But as for me, whatever reason is on why bitcoin crashes, I will simply take this advantage to buy a considerable amount of bitcoin at the lowest price of $12.8k and wait for it to rise again. Surely it will skyrocket this coming few days and it will surpass its $20k mark, maybe it will hit $30k in early 2018 - hopefully.
