Bitcoin community and developer's support remains strong despite global panics as Bitcoin dips to its baseline (Read more)

On average, bitcoin prices have lost 45 percent to 50 percent of their value in each bearish wave, which Shah said is similar to Nasdaq's behavior 18 years ago.
"The Nasdaq's bear market from 2000 had five price declines, averaging a surprisingly similar amount of 44 percent," Shah said.
Source: CNBC

Bull and Bear Markets are a common sight
Bull and Bear markets happen all the time in stock prices and historical records show rebounds of the stock markets after major 'crashes'. They are largely affected by global events such as War, Oil scarcity, Economic turmoil and the dot-com bubble. As cryptocurrencies and stock-based products gain more popularity mainstream, many are unaware of the volatility of such markets. If you are new to stock markets and trading, such "roller coaster" charts will shock the hell out of you. You are not buying bonds. You are not getting fixed interests from the bank. You are a small fish in the big sea and when two sharks fight, you might get collateral damage.

According to Jordan Hiscott, chief trader at Ayondo markets, a brokerage in The City of London, an individual known as the "Tokyo Whale", already sold around $400 million worth of both Bitcoin and Bitcoin Cash, he is likely the main catalyst for this year’s move down.”
Source: Forbes

HODLing and Beyond
Smart investment decisions take into account the risks and profits. When buying cryptocurrency, you should have already thought of what proportion of the investment will be lost if prices go down (risks)? Also how much gains are projected to be made. I feel that HODLing is a passive way to manage your cryptocurrencies. The active way is to constantly look out for new alternate coins and their value. Since Bitcoin and other cryptocurrencies are well correlated in terms of their market movements, look for alternative coins that are gaining or losing more value when compared to Bitcoin. In that way, we can actively minimize loses and maximize our gains.

Bitcoin's price fluctuations now are just the tip of the iceberg.

-tysler

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