Seems like a lot of things are making bitcoin fall these days? One nation accepts it as currency, and it supposedly causes the price to drop, then another bans it, causing price to drop.
It’s like the confluence of rivers - strong currents hitting each other and creating massive volatility.
I think it’s best to choose an amount of money you can risk and let it ride the river. Ignore the days and weeks. Look at months and years.
In other words, HODL.
We took our initial investment out, after a big run up. It is all not “house money.”
Our strategy now is HODL!
Bitcoin seems to be operating outside of causal influences at the moment, like the TulipMania in Holland... for a while at least.