Compared to a one day drops of 16% on Nov13/2014, 35% on Dec7/2013 or 50% on Nov19/2013 (Bitstamp) or even greater one day drops on Gox, like 60% on Jun12/2011 or Apr10/2013?
16% spread over two days is small potatoes by comparison.
Some people here are indeed losing touch with reality.
This time around, the torture isn't magnitude or speed. The torture is time and persistence. Over a year of bear market, and now the former alltime high breached, for the first time ever.16% spread over two days is small potatoes by comparison.
Some people here are indeed losing touch with reality.
Too bad volumes are too low compared to other crashes to be considered true capitulation.