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.
I honestly believed that a lot have already lost their bitcoin already because of the price continuing to free fall and have exited a few months ago. Those who are left are investors who bought bitcoin when the price is still cheap that why they still persistent and wishes to stay cool and calm during this crash. But again, bitcoin is for long term investment, maybe we are down but I think that we can still bounce back and recover. But once the market is on a good run, I'm sure that those who left will be back soon because they don't want to miss the boat.