This breakdown in price is hardly anything new. Newbies and the uninformed run around in a panic declaring the sky is falling, while veterans just sit back and go with the flow.
I've been following BTC for some time but it wasn't until recently I made a major investment when it broke under $10'000. Granted, I would have held off if I'd known we'd fall into this range, but I'm not losing any sleep over it. IMO, it's a combination of whale dumps and weak hands who couldn't see past Bakkt and balked. The Bakkt launch had telegraphed volatility, not a guaranteed surge in price.
I was looking for an opening under $10000 and got it. My eye is set on mid-late 2020. The halving is incoming and these movements are nothing to lose any sleep over given the long term nature of the investment.
Bitcoin has died 376 times, dontchya know?
https://99bitcoins.com/bitcoin-obituaries/
