As you see, bitcoin's price felt from 6500 to 3700. From the very first day, there was panic and fall was very intense. In situations like this one, how do you act? Do you sell bitcoins, wait a little for more fall and then buy more with same cash? Or so you fully support bitcoin and hold it?
I ask this because want to know what community here does in such situations, do you do good for bitcoin or worsen situation?
Nobody has any control on the price of bitcoin thus whenever there is a fall in the price the only available option is to hodl having known unpredictable nature of the price.
I am quite optimistic and having assurance that bitcoin is a long term project thus there is the tendency that the price will pump in the future having considered its high volatility rate as a yardstick for a high price.
It's a situational market condition and we don't need to be worried cause price fluctuations arise everytime unexpectedly but somehow some people will be losing their patient in holding and the sad thing is that they'll be selling their coins in cheap price. This is not really good but we don't have such control to stop them or they have the reason also for that suicidal action.