A massive correction was needed after the astronomic rises at the end of the year.
People shouldn't panic too much, especially if they are not in the red. Price will recover, it always does. This time, there is also more and more money flowing in then ever. Coins are changing hands again, weak holders are out and getting ready to buy again at a loss when the prices recover.
This is really what people need s to know in terms of the current status of bitcoin. People need to trust bitcoin more as we all know our support is one of the key for bitcoin system to develop and to have a good improvement for the future. If we are going to continue to believe and to used bitcoin the possible increased of the value of bitcoin up to 50,000 dollars is quite tangible and could happen in reality.