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I invested in bitcoin when it was $12k a coin – should I sell now in case it drops further or 'panic hold' and wait for a potential bounce back?

At the start of December 2017, I bought £1,000 worth of bitcoin when it was $ 12,000 a coin. The value has since slumped and wiped out around three quarters of its value.

I knew it was a speculative punt and at first the going was good – it raced towards $ 20,000 in the days before Christmas. I thought the only way was up. 

Why has the price of bitcoin, and other major cryptocurrencies, fallen? And what should I do – sell now in case it drops further, or continue to hold out fo…
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