I notice quite a big drop in the last few hours. Is this just a short term thing for a few hours and it will pick up again back to normal. Or will it go much further down into a big crash.
Don't worry mate. It is very usual volatility of bitcoin. According to the fibonacci retracement it can come down till 8000usd. In case it doesn't break that level downward I don't see any problem.
But the thing is it did broke on that level lol haha. So, is there a problem now? For me, I still think that it was a great time to buy a bulk of coins.
Ignore the scale and the low prices. But this is how it might play out. Perhaps, history repeats itself. It took over a year for prices to recover and even longer for them to skyrocket again.
Maybe it is but we can be sure that if the price will skyrocket again the price should be more higher than the previous ath. And it is the good thing, there might be another people who will become a millionaire just because they used this opportunity to buy and hold.