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.
You need to be very patient when investing in bitcoin. Bitcoin should be a long term investment ranging in years. But if you want some fast results which can result either way then you can put your money in altcoins of your choice.