It looks like the big wave reached its highest level. In fact almost every cryptocurrencies dropped down today even the big guy, Mr.Bitcoin himself. But it is actually a good thing and there is no reason to panic. Many people made good money surfing this wave and many others joined the cryptocurrency world because of it. So even if you are probably considering to sell your Altcoins in order to hold only Bitcoins because it is a little less volatile. I personally think that you should check the charts and you will probably notice that this is totally normal situation.
The question is "Where the Bitcoin's price will stabilized again?". For those who just joined this crazy journey and bought the bitcoin at his highest price, I can understand that they are a little bit stressed out. But to be honest with you, I thing the Bitcoin will sit between $1.900 and $1.600 for a while before going up again. My predictions are based on the past patterns of the charts so I might be wrong but I am just trying to be realistic here and don't get freaked out just because the prices are going down.
In the last days, many big publisher and TV news talked about Bitcoin, how it was skyrocketing and how big was the Market Cap ($71Billion at this moment). So I know it is easy to be exiting and really enthusiastic but keep in mind that behind every HUGE spike there is a pretty big pull back coming up. What we need to focus on right now is the new plateau of the Bitcoin's price.
