BOOM! BITCOIN CRASHES $34,400 - WTF IS GOING ON?

WOW, BITCOIN PLUMMETS TO 34,400. So how low will it go?
I applaud the effort of Bitcoin Creators to have an independent currency away from the big eyes and reaches of Big Government, that is honorable, the problem is, like everything that gets big, the big Wall Street players find a way to milk the goodness out of it. I don't think this huge downward move is due to the average #BTC holder bailing out. Well, at first anyway, but now that the plummet has taken place maybe Bitcoin holders just want out now and who can blame them, once you get burned big, they will never return again.

Lets face it, the gov is too powerful and even though Bitcoin is legal tender now, it doesn't mean it will be forever. As you know the US Gov is doing test runs at creating the digital dollar, it has been digital for a long time because we all do digital banking and rarely use physical money to pay for things, or to get paid.

So in reality the only thing to do to implement it fully is to remove the physical dollars from the society. Just remember the US Gov doesn't like competition so that leads to a good guess of what will become of Bitcoin once the full digitization of the US Dollar is complete.

What do you think, do you trust Bitcoin? I wouldn't have wanted to be holding the bitcoin I bought at $54,000 to wake up and see that $54K is now worth only $35K today. The dollar is surely not stable but compared to Bitcoin, it is miles better, at least for now.