Originally posted on 09/04/2017:
I know what you're saying. Agree the shit coins need to be rooted out but my angle is that this is China and where are most of the miners located? Lot of leverage can be placed to do what they want. Also this is disrupting the monetary system and it was running away from the norm fast.
U.S. and others are closing in on regulation too so it's not shocking but the size of the pullback today was a bit alarming.