Why I will Wait and HODL Bitcoin

Lots of people are freaking out about the recent decline in Bitcoin price. You got people literally saying in reports that BTC could drop even to $5k. Ofcouse, though almost every report on CNBC with regards to Bitcoin seems negative. Also, the whole Coinbase scenario with regards to BTC Cash as well as the fact that it is the holidays resemble a negative correlation.

However, let us be honest. A fair market valuation for Bitcoin is probably around 16 to 17 grand. Also, with the BTC Core updates in regards to segwit, block size, and nodes, you can probably expect around a $30k fair valuation when that happens. The whole drop in price is what we see when people get scared too quickly or the fact that people are cashing out in large quantities in the holiday. This is normal and I don't expect a prolonged negative correlation for Bitcoin in a prolonged strategy.