Most cryptocurrency enthusiasts easily dismiss these headlines of bitcoin bursting at the seams. The Linkedin post/hoax was no different as even if it was true, the points made were quite illogical. However mainstream media and those who don’t know much about bitcoin can easily be swayed by such headlines. Think about how many of your friends say, “Oh I thought bitcoin had died.”
I do believe this is not the Death of the Bitcoin / crypto currency as if some new traders sees . It is just a sell off or correction which is really a normal thing in stocks tradings.