Crypto South Africa

What's good fam? The start of 2018 has not been good for crypto!! Bitcoin price was $11 789 at the time of writing. In the past week it lost 50% of its value rapidly. All major cryptos suffered a similar fate with all my favorites in the red at certain stages in the past week. At the time of writing this trend is still ruling the markets. There seems to have been some serious manipulation at work. Korean government officials appears to have been involved with insider trading as a coindesk article alleges. Talks of a regulatory crackdown abound, especially in Korea and China. This has led to much FUD pervading the markets. The coin I wrote about previously, TRX or Tron had also taken a major tumble. It is now trading at around 8 cents after an ATH in December of 30 cents. I remain bullish on the coin, but the serious shift in the fortunes of cryptocurrencies as a whole, certainly requires much reflection. I am of the view that this is simply a correction of the price of Bitcoin and that it enjoys significant support at $10000. I forsee some bullish growth this year all across the spectrum however testicular fortitude is a trait that will be required. How do you feel?