Quote from: hatshepsut93 on September 24, 2019, 10:14:34 PM

Quote from: malevolent on September 24, 2019, 08:55:09 PM

The piece of news from google was a couple days ago, there's no connection between that and todays 'dip'. The price was going sideways for too long, expectations for Bakkt were too high, and we're seeing a large decrease in price following weeks of stability. We might go back to ~$10k but it may 'dip' again.

It's all like you say, but that wouldn't make an interesting article for an average crypto investor, people want to get one big single reason why Bitcoin dropped, and it must be something that sounds really scary. Crypto is full of retail investors without any experience in trading before they picked cryptocurrency, which is why these news sites are of so poor quality - they don't have to produce any high quality analysis and overview, a simple clickbait would do much better for them.

While the news is interesting and it could become a problem for bitcoin sooner than expected if it is true I do not believe either that the sudden crash that we saw had any relationship with it, investors have been saying that the price was bound to an even bigger correction, so it is likely that a whale or group of whales were satisfied with their profits and decided to cash out, this created panic and everyone began to sell causing the price to crash even further.