Is anyone concerned with this drop in bitcoin? I've only just jumped on the bandwagon and i've lost 10%-30% of my value already. I'm new to the market and enjoyed a good bit of stability and upward graphs for a little bit, so I thought it was mostly positive. Is this jump down a typical trend that results in pushing for highs again? or do you reckon it can be backlash of people shying away coming nearer August 1st?
I'm unsure if to try cash the coins to another altcoin or something to try gain some more value back or just hold for a while.
This is natural for something based on speculation. No, I am not worried at all, for as far as I could see, the behaviour of BTC is just pump and down. Now, it is why most of the people here int he forum always advice to hodl bitcoin for the moment. Maybe is the best way to avoid feeling scared by the price of the BTC, just to relax, forget about it for a while and then come back and see what surprises it has to show you.