Bitcoin slides as China's central bank launches checks on exchanges
As someone who spent a year or so trading bitcoin for fun.1) It's a mostly unregulated market full of scammers and pump and dump schemes artificially manipulating the price.2) All the news and rumors about bitcoin and any other crypto currency should be assumed to a lie propagated by someone to move the price in one direction or another.3) Nobody on the internet who claims to know why the price of bitcoin goes up or down on a given day has any fucking idea what they're talking about, and if they didn't they wouldn't be posting about it online.4) As long as bitcoin is useful for buying drugs or another criminal activity, it's going to be worth something.5) When you suddenly start paying attention to bitcoin because the price has gone up a bunch recently, don't buy it, because it's about to crash.