Bitcoin has always been dangerous in both directions. There's been drops and rises in the past, and this trend will continue into the future as long as there's a few people who support the system. Who knows, maybe the lightning network will have enough power to turn the negative turn over into a positive one. We just don't know right now. All we know is that people are getting nervous and pulling out as soon as they can.

I take it as a good time to buy and hold. No matter how much I've taken out of bitcoin, I've always held a certain amount in case it was to rise again. I think that's in general something everyone should do especially with bitcoin. Again, there's just too much uncertainty right now and that leads to doubt from investors.