As a percentage, this is not unprecedented. I have NO opinion about whether this is the end of a bubble, but it hasn't slid enough to know just based on the price slide.
bit.ly/2zeTrPD
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I'm guessing it's too early yet. The market manipulator types only just started tuning the dials. Volatility to be expected, IMO.
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At this point this just looks like a squeeze. It's not the first one. It's possible it's the last, but I don't know. (Maybe others do, but I'm seeing knowledgeable ppl on both sides of the issue.)
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I'd bet money it will go up again, but sadly I can't make the bet since my exchange has massive server load and I'm not authorized anywhere else.
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Yes. Freezing servers while you can still trade works great for whales/insiders. A friend had Dow 6,000 as a buy in the fin. crisis, it hit, but he couldn't get in till 6,800. Bottoms in panics are only for insiders. #BTC
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Replying to @iwelsh
I'd bet money it will go up again, but sadly I can't make the bet since my exchange has massive server load and I'm not authorized anywhere else.
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Friends using other exchanges not suffering the same level of shutout... but verification takes too long to guarantee any kind of buy-in.