PS: Events like these are what have prevented a market wide alt rally imo. For one, and I explained that in detail here already if you didn't get to read, the number of coins outpaced demand long time ago, and two, the coins that got/get launched, even by official governments or prominent figures, were/are nothing more than extraction events. 

None of these dollars will ever find their way back into the market, and unfortunately I think it has to become so painful for people gambling on them before starting to pivot to not invest into any of these coins ever again. The altcoin market is due for a big cleanse once BTC has had enough in this cycle, and it's going to get really bad before it will get better imo.

Flight to quality it is. Gotta pick your horses wisely (if any).

W