I wonder why the price of bitcoin going down again even after the chinese holiday. Is it that it has to retrace back all the spike of 2017 or what?
It might have something to do with the issues of cryptoccurencies on countries which highly affect the demand in the market. Cryptocurrencies including Bitcoin are only dependent with the demand in terms of their value, what happens with the demand will reflect the price of cryptos. Just continue holding on not to make the situation worse. profit will then be earned once the increase start. Just be patient on situations such as this. We should keep in mind that dumps are just temporary.
I think bitcoins price down because of many people sell a bitcoin so if people sell a bitcoin theres many supply of coins but its normal if the price of bitcoin will down and price in the exact time will back normal price so dont be scared about that and continue to hold and wait the exact time to sell..