According to my friend preev.com, as of press time, the value of Bitcoin is standing at $2,351. Though I would say that this still considered as a feat, some are worried because it almost reached $2,800 again after the correction that happened days ago.
I have read that the decline can partly be contributed to newcomers especially neophyte traders who still have to be well-versed on the market...and can easily be ignited to do panic selling once they can fell that anything can be wrong.
Against this backdrop...are you holding on to your Bitcoin or transferring it into another digital currency?
I think you do not need to panic with the Bitcoin price down. Your panic will only hurt you. You are calm and eagerly waiting for the price of Bitcoin to rise again. I'm sure this is only temporary and the future will be fine. You have to hold Bitcoin that you have longer.
If you really know how bitcoin works and its history then there is no need to panic. Bitcoin price have an up and down cycle caused by many different factors like FUD, threat of ban and supply and demand. Panic selling will only lead to further losses of your investments so it better to remain calm and wait for the market recovery.