Prices dropped to 371. This is a big event in terms of bitcoin's image. Nobody will want to trade it anymore, for a while. This is not a sane market, where you can loose or gain 20% in a day. I presume we'll eventually hit 266 mark and stay low for the next months, maybe a full year.
I'm confident in BTC as a technology but the speculation shit has come to an end. I feel sorry for the folks that bought with dreams of get rich quick and lost a shitload of money.
It feels painful to see what happened last 8 months. Prove me I'm an idiot, prove me I'm wrong but I think the bottom is much much lower and a trend reversal is at least a year away.
