Finally some common sense online. I see panic everywhere, but I think the drop in price is at 3000 already bigger than it should be seen the fundamentals. I think it is because recently many new investors came in and are not used to the volatility of BTC.
I think even if they shut down the exchanges, the loss in value is already priced in around this price. Finally Chinese people will find a way around and beside that Bitcoin is a global currency and taking off in many other parts of the world.
Also good news like a big Japanese company start bitcoin mining on big scale with more efficient chips seems not to be seen by the panicking crowd.
I have no money at the sideline to invest, because im heavily in already. If I had I should start accumulate cheap coins now. The only thing I will do is HODL!