Suddenly the Dow Jones index is very popular everywhere and I believe that this is also affecting the bitcoin or crypto exchanges also. Because it seems that people are taking the whole thing out of fear and they think that the fall in Wall Street might just affect it adversely. So surely the bitcoin fall is really temporary and I believe that we gonna enjoy the upcoming days for the bitcoin. I mean it could happen that people might just choose crypto currencies so that the number of investors here will increase dramatically and thus we will enjoy increased market cap. The prices are going to increase too so just seat tight and hold your bitcoins. :-) There is no crisis its just good news for us.
Besides that, it is very likely that FUDs will stop soon and we might be seeing the bottom of the dump now. Either way I don't care what happens to bitcoin after this day since if it dumps, I will buy some bitcoin again, if it pumps, then I am in for a little profit taking if it pumped enough. Either way, just hodl whatever amount of bitcoin is in your wallets so that it wont become food for the whales.
Well, there's no such thing as permanent. There has to be a breakdown in order to recover and be back at high price or even exceed it. It's a good opportunity to buy bitcoin to make some good profit in the future. FUDs everywhere, if you easily believe in what you read and hear, you'll be in fear and you'll get panic.
You are indeed very true! It is not all the time that the price is high. There are also times when price decreases. It is just a normal trend of crypto coins. It is also true to fiat money but only crypto coin's values are extremes. All we need to do is just to calm down and never panic.