I see this post all the time, people who keep saying that bitcoin will soon disappear or we are about to see the end of bitcoin. I read somewhere that the price of bitcoin this year is not the lowest since bitcoin's inception. It has dipped lower before, if I remember correctly, it was 80% drop. With that in mind, how could people say that bitcoin is about to cease existence? If it can survive an 80% drop, surely it can survive the drop this year, right?
You're right. If Bitcoin can survive an 80% dumped in price than it will definitely survive this current situations. With that been said, I believe the FUD news you heard about bitcoin was the act of two group (market manipulators and cryptocurrency haters). The best thing to do is to never mind their negative news but hand shake the opportunity it open up for cryptonier.