the news from China are evidence about how fragile the bitcoin community is and how it can be easily manipulated.
about 2 days of non-stop FUD and market manipulation and panic sells and lots of weak hands and price went down 8.45% and it has already recovered about $200 of the dip back up.
and you call this "fragile"?!!
Yes. It's obviously fragile considering that the news has
nothing to do with Bitcoin and the price still dropped by several times more than traditional financial markets ever do (except for occasional days which only happen every several years).
It also shows the influence which governments could easily have on the BTC's price, and due to people's excessive speculation, their opinion of BTC afterwards. If a government were to actually enact a real ban on cryptocurrencies, even though it would not fully work, this shows that it could easily crush public perceptions about cryptocurrency.
At this point, I'm not convinced by a "dip" unless it goes significantly lower.