After the 2 year bear market, after the meteoric rocket rises, we've entered the stage of mediocre growth. As evidenced by the recent developments since October 2015, you can see that btc price goes up gradually, like 10% over a month's time. After these mediocre growth, profiteers come in and drive the price down a bit. The cycle goes on.
If you bought $1000 bitcoins, I pity you, we will never see $1000 coins ever in our life time.
Folks, this is the way it's going to look from now on. No more moon rockets, and no more steep crashes. Enjoy and have a nice day!!!
I agree that right now it is a lot like that. I think it will reach high prices again, but it will be more gradually as it is adopted and new apps come in.
However, even if you bought at $1000, you can sell in the 450-500, buy again at the 300, then sell again etc. until you cover loses. It is risky but can be done.