It is just another day in the land of cryptocurrency.
The powers that be have sunk the value down the toilet. Not hard to do when you have billions of dollars. The people that panic and sell are playing right into that strategy. The true value of Bitcoin and cryptocurrencies (that are decent projects) are likely to go much higher than this, and the powers that be know this. When they can cause a dip in the price and buy it from weak hands, the rich get richer.
Do you know who else gets richer. The smart, strong handed people.
Be one of those. Hold onto your coins. Use them as they are meant to be used and CREATE the real value of these coins by giving them a real use case. I can see through the man made drought to the oasis, we need to stop playing their game. We have the puzzle pieces in place... we just need to realize our power.
The market value of Bitcoin is meaningless when we see fiat currency as a useless tool of a fallen regime.
End rant.