Bitcoin felling from 3000$ and getting stable at 2700$, it was giving a sense that it will bounce back and go up. To my surprise and I must say bitcoin is good at giving surprises, it starts falling again and almost reached 2300$.
I feel we should not panic and hold on to our coin holdings as it will bounce back and this time it will make new highs. When? It will go up is what we can question?
Is it a bubble which will burst? No I don't think so, it is a trust which will increase with it's bouncing back.
It looks like it is a panic selling and profit booking as market cap has fallen from 115b$ to approx 80b$.
It is a demand and supply where demand is going down which is temporary.
Advise to current investor hold on to your coin investment. New buyers can start buying bitcoin but split your investment and put in regular interval rather buying at one go.