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.
This what I have been telling my friends that are new to bitcoin. They thought at first that they are losing so they attempt to cut if off buy selling it but I managed to change their minds. I told them to wait up more and be patient. I told them that this is actually a golden opportunity to buy more since the price is dropping and see that it is just temporary. I expecting that the price will start to rise again in the second half of the year.
