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 have experience as a trader, I suggest you to not touch your coins - Bitcoin always tends to increase in its value in the long run.
I agree with your opinion. Preferably in these conditions we should look back bitcoin prices a few years ago. Because this condition is almost the same as the incident at the beginning of 2014. at that time the price of bitcoin fell from 1000USD to 200USD. I really hope everyone learns from the past bitcoin, and starts to hold the bitcoin they already have. Don't panic, and stay patient