"flash" crash.. haha.. sounds like denial of a very real crash. Time will tell.
Yeah, this does not look like the previous "flash" crashes that recovered quickly. Guess in 12-24 hours there will be a better idea. The next question is how will all the ensuing bad press affect the price longer term (as in the rest of the year).
The thing is that massive, rapid swings in value are a bad thing for currencies regardless of the direction of the swings, so "bad press" for Bitcoin as a currency isn't dependent on the bubble bursting.
From a speculative point of view, the market needs both bulls and bears. In absolute terms, a crash is not necessarily a negative thing - whether it's positive or negative depends on where you sit in the market and your personal investment goals.
