why does everyone start to panicking when they see the price of Bitcoin dropping so much, in my opinion it is natural that the price of Bitcoin falls because Bitcoin has experienced the same thing as now, so I suggest not to be afraid and panic.
we will see from this graphic :
1. On April 29, 2013 the price of Bitcoin was only $ 135.302. and on November 30, 2013 the price of Bitcoin increase high at the price of $ 1,149.143. then on January 2, 2014 the price of Bitcoin decreased at a price of $ 773.40 and on December 31, 2016 the price of Bitcoin began to increase again4. and the price of Bitcoin began to rise high at the price of $ 19,783.30 on the 17th of December 2017and as we know, now the price of Bitcoin at $ 6,948.46 and this is indeed down very far compared to prices on December 17, 2017, but it has already happened in 2014 where the price of Bitcoin dropped very far and it continues until 2016 and in 2017 finally Bitcoin prices start to increase again (it takes around 3 years to make Bitcoin prices rise). so from that, I'm sure the price of Bitcoin will increase again even though the time needed is not short.
You are right , but here these graphs are not giving much positivity in the mind of the cryptocurrency holders , specially for the bitcoin because people saw a big mountain of the bitcoin price of $23k at the last of the year 2017 but now what the price of the bitcoin is , clearly newbies and those who made bulk investment at that time can see that it was illusion and how to get out our money back with profit .
Well here i would like to suggest every that person who is holding since long time and looking for profit , Should see these graphs of year by year , he will surely comes to know easily that how much it is better to hold even in this dump , because big dump is also opportunity and these dumps are not new things for bitcoin market , it happened already many times in the cryptocurrency history .
well here I would like to say that the market is going to fill with the full of positivity in with the news of ETF that will be launch with Bitcoin at 30 September and that will give a big boost to the price of Bitcoin and also for another cryptocurrency .
So be ready for the new fluctuations in the market of the Bitcoin to repeat the history again to make profit and take better descion of investment in the present time and not the repeat the mistake to buy at high price .