I think these prices are a deal although I'm waiting to see how low it will go. These selloffs are probably from the hackers. Just had a 15 k go through not long ago. I'm liking it even though, the bitcoins I have are losing value.
The downturn was expected to happen, independently from hackers, etc.
The chart was very clear to change trend DOWN after the break of the major trendline, which was running between 12.2-12.5. More downside is likely now, perhaps in a "wash-out" type of crash.
The 8.7 low was expected to be only a minor temporary support.What's a wash-out type crash? Sounds scary.
That means washing out weak traders hands.
In more-easy-to-understand terms, this means: Bitcoin / USD can experience a wild spike down, and it is difficult to assess at what price level it turns. Could be 6$, 5$, 2$, 1$, or lower.
