We are seeing a lot of the news out at the moment claiming that Bitcoin is a scam. Maybe we should start to consider what effect that sort of mediation can have on Bitcoin. If it does effect Bitcoin, then how will the rest of the markets respond? Perhaps this period isn’t correction after all and maybe a combination of Bitcoins high price and these news reports of Bitcoin as a scam have contributed to encouraging a mass sell off, which has in turn had a larger effect on the market and caused this decline. This is speculation but at this stage, I think it's something worth considering. For now, we need to see how the markets behave and see if they can react to this drop. Going into the weekend we may see things level out a bit and hopefully, from there, we may very well see the next bull run take off. Although as it stands, this seems unlikely.
"The only thing Bitcoin about BTC is the name now. That’s all BTC has left at this point, the name and the legacy that once was. I would assume thats why this whole ‘scam’ topic that completely ignores the technology seems to come up quite often."https://t.co/nUkufmzuhq— Bitcoin (@Bitcoin) 24 April 2018