8 thousand dollars for 1 bitcoin, it's quite a lot of money.
When everyone realizes that coins should not depend on news, they can no longer be manipulated as they are now!
And there will not be such protracted falls.
I agree that it is not that bad, but I really look forward to it recovering! I want to see at least $15k again in a few months! Because what's happening now is kind of free of any motivation... Is this fall happening due to stupid google ads? I recall facebook doing a similar thing, but when btc went up to $11k, I started to see ads once again! And why should one even care much about some ads? This is not the kind of news that should have such strong impact on the market imo. I understand that when something is hacked, or there are bugs or anything of that sort, then it's natural for people to panic. But google ads? Come on, we're better than that.When everyone realizes that coins should not depend on news, they can no longer be manipulated as they are now!
And there will not be such protracted falls.
Thats the whole premise of the speculative crypto environment: Prices go up on good news and goes down on bad news.. even if the news makes NO ultimate difference to the maketplace and has no real negative effect on the project. The stock market, and by extension, the crypto market, has always been like that from day one. Its hardly ever rational. Though the rumours or news of Google potentially baning bitcoin or alt adds would actually affect the whole crypto industry big time... so i expected even more reaction to that!