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No nobody had to assumed that this was going to happen. I doubt that the price would have dropped for like 50% if there was no bad news from China.
A 50% drop is very reasonable, compared to how much BTC has risen lately. It's painful for the people who bought high, but it provides an opportunity for more people to buy, which should ultimately take the price higher.You think that people will buy into something that loses 50% of its value in 2 days? It will take some time and stability to see funds flowing in again.
apparently time is on our side bro
