Why did you buy bitcoin?

This is the right questions, you should answer to be calm down in current pullback. So, what should your answer be?

1. I bought because the price is rising, all the world is talking about this- so should be something on this...
2. There are only 21million BTC - this is just the start...
3. In 2013 Bitcoin go from 13$ to 1.157%(this is more than 8000% gain..)maybe this is the second round of this...
4. More and more merchants accept bitcoin as payment,(over 80.000) including Overstock.com, Cisco, Wal-Mart, Starbucks, Amazon, and Microsoft- this should be clear sign to go up...
   5.Because it is easy..

All the answer should be ok, but problem is if you invest more than 2% of your portfolio, because than you can not sleep well and in investments is so important to sleep well otherwise this is not investment it is gambling..

Ups and downs are normal in markets

Yes, in markets is ok to go up and down, so what should you do now? Here are some facts.
-One research report suggests that if 25% of the world’s “black market” money went into bitcoin, each coin would be worth $44,000.
-It’s by far the most popular and well-known cryptocurrency.
-Tight supply – big players don’t buy bitcoin on an exchange like you. They use o -market brokers where they can buy large quantities without unduly in uencing the price. And right now, there’s almost nothing available to buy.
-Bitcoin ETFs – once ETF is approved experts say there will be more than $400 million invested in first days.
-Bitcoin and virtual currencies will be officially recognized as payment in Japan and this is just the start
-Bitcoin used to be considered an underground currency... but not anymore.

In fact, in the world of digital money, bitcoin is the equivalent of a reserve currency.

So decision what to do with Bitcoins is still your, but if you ask me this is for me long term investments and do not forget do not invest to much just in one basket...