If you are a newcomer or even if not, the worst thing you could possibly do is sell your bitcoins while it is crashing. Humans are sheep, when they see a big movement, they follow. Don't base your decision to sell on what others are doing!
Some facts and why I think it will rise to at least 2-3k in a few months from now:
China is irrelevant. Yes, Chinese are loaded with money, and their volumes are high when they buy, but America is still the largest economy. And don't forget about Europe, 500 million, rich consumer market.
The recent and not so recent investments in bitcoin startups. Just imagine how much publicity and marketing all that can buy.
Billionaire backing. They know how to distinguish good from bad investments. That's pretty much what they do.
In 2-3 months from now, when Coinbase hits a million users, there will be another media surge. Circle is very promising. It has a huge financial injection. Bitstamp is becoming huge, Blochchain.info and other wallets are following.
Everyone knows about bitcoin but how many people are actually holding one? On reddit there might be many, but in the real world there aren't. There is a a lot of space for growth!
Give it some time. Let the startup founders do their jobs, and support the community and growth in any and every way you can. Selling when it's going down isn't one of them.
