So I have seen this going around, people saying, "this is fine, usual january dump, back to ath soon".
Let's have a look!
People displaying this, usually display the years 2015-2017 as "prove"
2017:
So yes, there was a sudden drop in January 2017, that took 7 days, went on to recover to ath in 3 month, but broke down again after that, but than, after 5 months, we were good to go!
2016:
In 2016 the real drop happened already in november and was 40% of size, the january drop was the secondary drop auf 25.8%. The recovery took 6 or 8 months depending on where you start, before seeing new ath.
2015:
2015 is where things get funny, first of , the drop is not from an ath, and it is still 66% of size!
Oh boy, those januaries! but then we do a quick recovery to ATHs right? Well. ya.. it only took 11 Months to do that,
which still leaved 1 Month to go until next january drop! Unfortunately that came 2 months to early remember?
2014:
so nobody ever lists 2014 in this because.. well..
The "January drop" went on 3 months, and then...went on another 9 months ...right to go into the 2015 66% drop, yay!
2013:
2013 also magically is never metioned because there was no drop, it came late in April this time.. was then 81% in size and took till november to recover.
For last, lets have a look at the current 2018 drop:
a 46% in january so far, but 54% of the ath, we do have the secondary drop now it seems..
I'm not gonna predict the future in this one, just wanted to showcase the past and maybe hint to that the future is not a guaranteed 4 days up to new ATH and 100k thing..
gonna add this recent tweet that might be relevant too:
this appartently is a general ta thing not only of btc relative short history
I hope it does not take 11 months again haha I want to see my iotas arround $5 dollars again this year haha
atm altcoins are coupled with btc going down, but not guaranteed that stays that way. Although btc being the currency that everything pairs against is bad..
True, It will take a long time but it will change in the future I hope haha