I think bitcoin dropped has been dropping and might continue to drop (
![Cry](https://bitcointalk.org/Smileys/default/cry.gif)
) for many many reasons, none of which I or anyone else could predict and so I and a lot of poeplez bought in too early...
I honestly thought the "bubble" would "pop" and then blow up again and just get bigger as larger and larger waves of poeple started to convert their fiats to bits!!!
Sadly a lot of things blew up in our faces ( the bubble(we kinda saw that one coming but still it went KA-FUCKING-BOOM), mtgox, china, bitlicense, etc... ) needless to say things didn't go as planned, and people lost shit tons of money and or "net worth"
Now Investor confidence is extremely low, traders are playing hot potato trying to get 1% on a quick bounce, and early adopters and or large BTC whales are cutting loose, and even I am having bearish thoughts!!
I don't have to tell you things are bad, everyone knows things are bad...
hoist the colours.