Hello everyone, recently there has been a lot of panic on this forum due to the big price change of Bitcoin (as it always happens). Understandably, many people are confused and worried as they have lost thousands in their value, especially if they have bought higher than the current price. But as someone who has been into Bitcoin for 1.5 years (not too long, I know) I want to advice to newcomers to simply relax. Huge price swing were always a part of Bitcoin, so there's nothing extraordinary here and the worst thing you can do is to make panic trades. Basically, there are two main approaches to Bitcoin trading - you either hodl it, meaning you never sell it until it reached "the moon", or you are actively trading it to get profit from volatility. So, if you believe in Bitcoin's technology and don't experience as a trader, I suggest you to not touch your coins - Bitcoin always tends to increase in its value in the long run.
Thanks dear bitcoin-friend. This encouragement word is needed for newbie, even for me, and maybe for all of us. Even little investors are worried because the change on recent change of bitcoin price, because some people manipulated the price. But from what i have read (yes, i didnt experienced it directly because im new too on bitcoin, bitcoin always survive this kind of things, and even grows bigger after some fluctuation. So i am too, after looking and reading at your topic, encouraging myself, to be not panic when the price goes down, and to hold bitcoins until it reaches my point price ( it is what i called it) and then sells it for a big profit.
Thanks again for your big and kind words. Good luck for all of us !