People are sitting here freaking out of a drop from 620 to 570. It is nothing.
Shit I remember in September-October, bitcoin was hovering around 120-135 all the time. I didn't even care about the price at that time as I wasn't trading, and I don't think anyone normal (not a trader) is worried about these price levels.
Bitcoin was a long term investment for me and I couldn't care about 20 dollars price swing and I am sure most people don't.
Anyone freaking out now is for sure overreacting.
not everyone is holding 500%+ profit coins with nothing to worry about.
Not everyone is a trader, most bitcoiners are hoarders and normal people.
Meaning they will sell their bitcoins only if the really need the money, but regular people have a day job and BTC is just a savings account. They are not freaking out of price drops like this.