Not that I wasn't expecting this but I think we have in front of our eyes another proof of bitcoin's "reliability" as e-cash, gold 2.0 and other callsigns. 150 dollars drop in a day is insane. Congratulations 2014, now all investors are running away. Or people here still think that big money (only money that can buy 3600 bitcoins a day at prices above 200) will get into bitcoin after this?
We now have some massive sell walls, strategically put in place at 700-720. Whoever thinks this 'crash' is not staged, is a baby. Bitcoin is nothing more, and probably will never be anything more than a purely speculative instrument.
wobber, everything has a speculative component. It's just that Bitcoin at this point is more speculation than substance. It will survive on and function as what it is supposed to be .. a medium of exchange, not a fricken digital gold bar.
