I said it before. Elon Musk or China is not a problem with bitcoin or other strong cryptocurrencies. People worry too much; they sell, the price drops. But these are all temporary news. The value of bitcoin is still there. Right.
Yeah, and as I said it before, those FUD won't have a long lasting effect on the market. Sooner or later it will have to bounce back from it's previous price. Although in the current situation that we have right now, it might take some time as the price crashes along the 50% line or greater.
You can't blame people from worrying though, after all there could be people who invested too much on bitcoin with all their money. But they shouldn't be panic and really look for the long term price.