The bitcoin need patience und trust of their owner
I dont understand the panic of some users here because the volatility is normal and not unusual and comparable with young new industries and young stocks like internet, biotechnology oder solar.
It es often the same
first it takes any years that the guys become sense for a new technology then
second the human desire pushes the price into the sky
third the prices reached an end and the media hype startet
fourth the guys see the dollars ... bitcoins in your eyes and make the profit and sell
fifth the price is moving down and more and more guys want to secure their profit and sell
sixth the price is falling down and the guys loss the trust to make the million dollars in less month ;-)
seventh the guys loss the trust in the bitcoin and see the loss of their money end becomes panic and sell
eighth the prices are very very low and the most of the guys switched of their brain and see the end of the bitcoin
nineth the prices are find the bottom and any crazy buyers come back into the market and the price will go up 50-100%
tenth more and more speculators comes back into the market and buy
eleventh the trust will be increase slowly
twelveth the bitcoin is back and the end of the crisis will be published in the communities
thirdteenth the bitcoin will starting a new big rally and the hype goes on
fourteenth the bitcoin isn´t a small economy more , the bitcoin is the next big innovation of the 21th century and a lot of another electronical currencies will started but the bitcoin will be reserved the cult-privilege ;-)
i´m very confidently i believe in bitcoin and see the low prices as a good chance to buy.