Earlier today, Bitcoin price was close $3000 and reached $3000 in some exchanges, and it's now dropping. This is not good. For how long is going to keep on doing this? But I know it's a good thing for those who are willing to buy their first BTC. Hopefully they just can't wait until it reaches the $1500 mark.
It's all fine when the price goes up with a few hundred bucks in a short time, but if the price goes down a few hundred bucks, it has become a problem suddenly? 10% drops are a frequent occurrence in current market circumstances, nothing to weird or special here. You can't expect all people to firmly hold their coins without cashing out a small portion of their coins at current levels. Bitcoin for most people is an investment tool after all...
Indeed. 10% fluctuations in a day are very normal for a lot of markets, and for something still as very volatile as Bitcoin, this is to be fully expected. It has shot up much more in the same period of time. As price gets higher, the 10% becomes more. Remember when it was moving hundreds of dollars at 600-1000? That's bigger swings percentage wise.