Lots of people are feeling very sick for bitcoin's price down. 2 Days ago, one of my known brothers texted me that he almost went for a heart attack! Because he invested all of his money on bitcoin and altcoins.Actually, I am feeling tensed too.
So, what do you think, What is the main reason for Bitcoin Price down? Will it stay for a long time?
It's all market cycles. Studying the past, anything that was radically new went through a number of boom and bust cycles to fully unfold it's true value. Also note price != value. Especially, with bitcoin, no matter what the price is, look at the fundamentals. It's getting better and better with time and a lot more to come in the future. Zoom out, accumulate the dips, keep sufficient cash at hand and you are good to go. Leverage is no funny business. Stay away from it.
Dont panic.This is normal in market place bitcoins price is volatile they can go low price or higher than we expected.The lesson learned is dont put our money in one basket.We should diversify into different investments.And i think this is not for a long time bitcoin rises again.