Discuss.
Seriously though, this is the market mechanism for redistribution of bitcoin wealth. People sell out by taking profits or trying to avoid further losses.
Not a bad thing when you consider what we are trying to do -- seed a new economy.
So bitcoins should be distributed far and wide. The chart as it is now will prevent people from ever being able to say they had no chance to get in while it was cheap. Now everyone has a chance to get in again. And they may as well have that chance. Of course many will miss it again but you can't blame bitcoin.
Previous bubbles have always burst and tested the highs of the bubbles before. Well we got to 266 in April 2013. Today we went back to 275. And I think it is the 3rd highest negative volume day on bitstamp this year.
There is blood in the streets. Permabulls such as myself know what to do....
