And why is that? Because the price always has to fall and we can't have higher prices? The bitcoin price is literally increasing every year, except for 2014. I would not worry and I do not believe in all the bear crap.
The bull v. bear stuff is something that has always puzzled me. I mean, surely anybody who owns any bitcoin is a "bull", no? Because if they were truly "bearish" about Bitcoin, they'd have kept their money in fiat, in a bricks & mortar bank, where it's "nice and safe". Nobody's going to have put their cash into Bitcoin unless they believe the price is going to go up.
Am I being overly simplistic?
there is short term, mid term, long term to be considered. i am a happy permabull. i think bitcoin will rise over $5k until 2020. we will see a new ath in 2017.
but i also think it will take at least until may 2017 to recover from this correction. if i had the guts i would sell some btc because i think we will see lower prices than the current one. but i am a coward, so i rarely do sell in moments like this one. just can´t stand the fear that price could explode therefore ending up with less btc...