Originally posted on 11/07/2017:
People panic every time is makes a retrace, but what they dont realize it cant just go straight up forever. People will start to panic soon that bought it at 7000-7500 when its below 6000 again. 100,000 people signed up at Coinbase in one day and probably bought the top.
Retraces are a normal part of the market. We went from 3000 to 1800, 5000 to 3000, and now its time (after the fork) to do it again.