Not even 2 weeks ago, Bitcoin had reached all-time highs, seeing over $5k on some exchanges. and while it started a pullback from such heights, there were rumors of, and then confirmation that China was going to ban new ICOs, claiming them to be destructive and illegal.
After a few days of panic sells, the crypto markets have semi-stabilized and we had Jamie Dimon (A noted fraud, and head of one of the most fraudulent institutions in the US) declared Bitcoin itself to be a fraud, in a stunningly public display of the psychological phenomenon known as "Projection", which caused more of the weaker/unsure money to exit the scene before they were left looking fools holding, in what their minds could only be called "funny money".
And then, yet another gut jab landed on the Crypto Market when BitcoinChina announced that they would cease trading operations in China on September 30th. The markets responded by jumping off another cliff.
And here we are, as this post is being authored, the price hovers around $33-$3400 range. Some say it could bottom out around $3k, I'm personally thinking it's going to level out somewhere in the $2000's. What do you guys think? Is it done tumbling? Could it go farther? Are you adding to your position, Hodling, or did you unload at the first sign of trouble?