I think this was more of a banker dump which caused panic. It's a new generation and a lot of big banks are immersed in cryptos. I lost 20k in about 45 minutes. Not a good feeling, but both Bitcoin and BCH will see another massive rally. It's nothing worth worrying about of course.
Like you mentioned, discount!
The vast majority of people in Bitcoin don't even understand Bitcoin, so the market isn't intelligent enough (sorry to say to the newbies) to collectively sell off at this scale. This was a massive dump followed by panic.
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I agree @joshsigurdson. It's hard to watch that amount of money being "temporarily gone", but once that morning coffee has gone down, one is able to see clear again and realize nothing has changed. And nothing had in fact changed. No new regulations, no bearish news. Probably as you said, the futures markets, new investors and the whole kindergarden arguing over bch vs btc. (Which I am in a way contributing to myself :) )