this is purely a correction. China may not even be one of the main factors for the decline, because this decline is purely a market response. So don't make assumptions about things that aren't certain. better now is the time to get profit from this decline and certainly in the future it will be able to increase

Well, we can guess the reasons behind this falling down, but I think it's pointless, simply because Bitcoin is doing this for years! Probably big players have their fingers in this, but I am sure there are other factors as well!
Anyway, it's a good time for stacking sats at a cheaper price! And I believe we didn't hit the bottom yet, I expect the price to fall a bit more... it always happens around the summer, and when the summer ends we can expect some uptrend!

Bitcoin has had natural responders to GBTC, but some have relied on the media to boost their short positions. Best, stop working observant to the media and just accumulate on the right price to buy and accumulate. That's the best I'm doing so far. Bitcoin has sorted through the bear field, it will definitely be earlier in the entry.

Some people said the decline happened due to the fear of Delta variation of coronavirus and its impacts on the recovery of global economy that will take more time to happen. However, it doesn't make much sense, because when investors are fearful of the traditional financial system bitcoin tends to increase in demand, like we saw last year.
Probably investors are just fearful of seeing their bitcoin investments go even deeper taking too long to recover later, so they prefer to guarantee their profit for now while it's still possible. Anyway the main cause of all these new drops we are seeing daily is China and their persecution against mining business. That is the root of the problem.

Do you we always need the news to pump or dump the market. I think bitcoin went up to 60,000K way too quickly and its needs a healthy correction and that's what we are witnessing right now.

There's nothing wrong with selling Bitcoin now, because some people are stressed seeing their assets go down. Therefore, the function of
the stop-loss feature is to prevent us from experiencing huge losses. But don't forget to do buy backs, when the Bitcoin price drops even lower.
In order to cover the previous loss, but because I bought it from the start with the extra money I had. So I prefer to hold the Bitcoin I have,
and wait until the Bitcoin price recovers again. In the end, everyone has their own strategy, please use it according to what we think is effective.

I am also so desperate to see the market now, especially this month and the market is all red graphics. This is really bad reality to face but we can not do anything to change the market and the market is not under our control. It is naturally up and down by its own. If we want to make it clear I think there are a lot of bad news that was going on about bitcoin become the root cause of this bear market. But i just want to remind that bear market will not be forever.

- I think most of us only hear about the closure of some bitcoin mining factories in China but in reality, we don't have a direct presence in this country and it's all just announced by a few media, and my doubt here is whether these factories have closed or just rumors while these factories are still operating. Just link from the sharp rise of bitcoin like a bubble and need a needle to pierce it, this story will become relatively logical, sometimes here are some fake scenes to create downfall and direct suspicion towards China

maybe there are many factors that greatly affect the value of hitcoin such as for example many rich people who buy bitcoins in large quantities with the money they currently have, plus there are bans from several countries against bitcoin which will nothing but make the price bitcoin is getting weaker to its lowest point price, but we are very sure this has happened with bitcoin and we are very confident bitcoin will soon recover back to its normal price again