I don't know why people got panic so easily. People are currently dumping massive coins in the market because of China's action to regulate Bitcoin. What do you think people should do instead of dumping their coins just like that in the market that lead to damage the value of bitcoin?
I dont thinks it was everybody dumping bitcoin because we are here just monitoring and observing the situation. Well i believed it was the chinese people are the ones who dumping bitcoin because it was mandated by their government to do so. So maybe the huge volume of chinese people are doing the selling and thats make the bitcoin value declined. I just hope that there is only small percentage of chinese bitcoiners investors.