If you are into bitcoin then the first and foremost thing is required is patience without that you can never expect profits, even if you see price going down you should hold it tight and wait for the right time to sell.
Patience is required for holding bitcoin. But we also need more development of the bitcoin environment. It is quite slow recently.
Ya it is true that when ever their is price increase in the market , the small traders start to take profit and sell bitcoins, but this dont means that the price affects too much, until their is not a bad news the price increase will be their, because their are so many users who are buying bitcoins for investment means and they are not like short term profit trader.
about this week rise that we cannot tell till their is any good news i dont think the price wont give much affect in the market.
so don't expect a lot ! . Most of us always thinking the rising of the price of bitcoin and not thinking about if the price will going down so thats why they panic they are not ready if the price of bitcoins is going down but yep you're right it always finds a way to recover from down. So if we think about the rising of the price of bitcoin then lets should also think about the price of bitcoin if its going down .
