Yes, we all have seen some kind of drastic price fall from last few days. As a feature of financial instrument I think this is not so unnatural. And so I do believe it will be back shortly. Your opinion will be highly appreciated.
Prices are moving down right now obviously. However, there are absolutely no reason to panic. I don't think that anyone could have logically expected bitcoin to be back within a bull market this soon. Usually, the next bull market comes 2-3 years after the prior one, and we have not consolidated enough to be within the timeframe of that imho.
A fall from $10k to $7k is actually not that bad at all, considering that it is expected.
There is virtually no point in panic selling at this point and every reason to buy (if you have the means) and hold onto your investments. That's my personal take in this bear market.
Yepp I pretty much agree.
We rallied so hard last year, that some serious cooling down was more than obviously to happen.
And imo we are doing really good at the moment in terms of price. And we should take advantage of this down phase. Buy whenever you can!!
In 2 years, with the next halving taking place, 87% of all coins ever will be mined! 2 halving later, 2028, 97% of all coins ever will be mined.
So any price right now below $10k is a good possibility to buy if you plan to hold for a long time.
And although another bear market like 2014 is theoretically possible, I don't think we will be bearish that long. The fundamentals compared to 2014 are way too different. After Mt.Gox almost everyone was scared that Bitcoin could die, as Mt.Gox was the heart and center of all trading.
But this time it's different and the fundamentals couldn't be better.