Well the recent BTC drop is because fiat deposit in btchina is banned by the china central bank!
If you think bitcoin or other chrypto is dead think again, ive seen this picture all year long with bad news like silk road taken offline BTC dropped like a rock and soo and soo, BTC will survive the chinese, as they figure out other ways to buy, in the meantime if you hold chrypto dont sell or youll regreat it later!
Take a look here!
http://fiatleak.com/