I'm wondering if the reason the price has been dropping is because "hackers" are selling off "stolen" coins from BTC-E.
These stories about BTC-e hacking are not confirmed yet; however, the longer that BTC-e is down, the more suspicions arise.
BTC-e has not provided very many details. The latest tweet was 13 hours ago:
>>>>>>>>We are still continue to perform our unscheduled ongoing maintenance. Will keep you updated. Sorry for the inconvenience<<<<<<<<
https://twitter.com/btcecomThere is a rumor of the compromise of 66k BTC or something like that (
https://www.reddit.com/r/Bitcoin/comments/6pkjny/and_while_btce_is_down_some_169m_bitcoin_fortune/) - which would probably be a decent proportion of their coins - and I am NOT sure if any exchange is going to come out of a supposed "hack" like Bitfinex did... with the 36% socialized haircut example (August 2016).
Let's see. Let's see. Let's see.
I am starting to get a little bit worried on a personal level. I have about 3% of my bitcoin holdings trading on that exchange... so I would not like any kind of loss, which is seeming more and more probable with the passage of time and without getting some kind of alternative innocent explanation.