It's crashing real hard. Dropped 40% in a week! Maybe another 40% drop in this weekend! It's seems like it is falling down the hill. What do you think?
The rate at which the price of bitcoin is dropping os quite alarming, however I still believe that the price of bitcoin won't drop to $1000. That can never happen.
I think the next thing to do as regards the price of bitcoin is to hold. Never will panic selling be an option. I'll hold my bitcoins until the price of bitcoin rises again because it is very sure that the price will rise again.
Looking at the trend from previous years, we realize that after every downfall, there is usually a spike in the price of bitcoin and it is this spike that I'm waiting for before selling my bitcoins.