I know there was a wave after wave of bad news. I believe this was a conspiracy by governments and banks to short bitcoin. This was intentionally done to make people fall under losses and leave bitcoin forever.
The thing is that young generation is actually incapable of handling stress. Market is falling because people are selling. Looking at other's selling many others are panic selling. This in turn is increasing sell order further crashing down the price.
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yeah i know what you mean, i can handle stress but i guess its different kind of emotion here!