Now the question is why the heck the long timers were not warning the noobs about this?
or
They did but their voices were drowned out in the crowd?
I mean personally, I have only started hearing this after we were well into the dip.
As a less than a year Crypto investor I got burned really bad. None of the channels on you tube or twitter accounts said a single thing... other than put salt into the wound way they started basically saying "oh yeah this happens ever year, dont panic, and too bad you lost 1/3 of your money lol..."
Somebody warning people like me about this around ~Jan 8-10 would have been my personal hero...
Well I don't think anyone could have known this was going to happen for sure. However, I did hear multiple people say that January was traditionally a bad time to be a crypto owner in the past, and I did hear that on multiple occasions. Even then, I don't think those people were thinking we were about to see a 60% drop...
Also, see the comment a few comments down by @lukebrn where he mentions people talking about this possibly happening last December.
I see. Well I must have missed all the warnings. Yeah this was a particular harsh dip perhaps combined with News media bashing cryptocurrencies...
Anyway I had other reasons for being extra grumpy: January 16 was my birthday :.(
Btw are there other yearly periods like this? Might be worth doing a post about that.
ex:December pre-Christmas/New Year decline, After new year; Bullish, 24 days before Asian New Year Dip, post New Asian New Year bullish... etc.
Thank you for the replies!