It is an undisputed fact that those are affected much by this sudden drop in bitcoin price are those who bought it in December last year when bitcoin was skyrocketing. I understand the emotional trauma you are going through. Nobody will be happy watching his investment losing value like that. I want to encourage you that the downfall of a man is not the end. In June 2017, nobody ever thought of bitcoin hitting $20k by December 2017 and that is the beauty of bitcoin. It takes only minutes for bitcoin price to either rise or fall. Never dump your coin out of fear. Let's keep our fingers crossed and hope for the best. If you understand that Bitcoin is a long term investment, you wouldn't panic when the price falls within some short period of time. We will all laugh soon
Looking at the current price of bitcoin at $ 6600 we have seen it fall far short of the $ 20,000 peak at the end of 2017. However, if back to this time last year bitcoin price is only about $ 2600 then the price is The increase is still quite high. Bitcoin is still growing and the price drop is quite normal after too strong growth. I personally believe in bitcoin and a strong recovery in the future.