Post the Bitcoin upgrade to Segwit, which will boost the speed of processing transactions, prices have witnessed a sideways action. Once the news came in Bitcoin prices appreciated however corrected lower on Tuesday on 07/26 during the US session.
Slump could have been due to a faction of bitcoin developers which still want a split.
Several analysts have warned that prices will cool off for a bit, expecting a sideways action before dust settles leading upto an implosion in the prices.
Over tokenization and recent offering of ICO's suggests a bubble is in the offing so watch out before making investments.
In some other news Ledgerx, received regulatory approval from CFTC to clear the way for option trading for bitcoins.
Invest in bitcoins for the long term, don't read too much into the sideways price action and keep reminding yourself of the immense potential of this currency and the massive advantages of de-centralization.
Great advice! Don't get swept up in the noise and don't spend your entire day watching the markets. Sure way to lose money! I know, that was me today.
There is no point watching the daily price if you are invested for long. Use the dips to average out your price. We are so much willing to take losses on stocks but have a different treatment for bitcoins. An investment is an investment and the principles remain the same.