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mk  ·  4304 days ago  ·  link  ·    ·  parent  ·  post: Bitcoin loses 44% of its value in one day. Dropping from over $250 to around $150

Even though I have BTC, I was hoping that this would drop even more. The BTC I have I am holding for the long-term. Unfortunately just before I tried to buy, coinbase froze their buys for the rest of the day. My plan was to buy today, and sell tomorrow. -It's already recovered quite a bit. :/

I don't think today was a crisis of confidence. I think it was manipulation of the exchanges.

It's madness. I don't believe anyone that has a strong opinion on bitcoin. There's no satisfactory analogy, IMHO.