Bitcoin Price Drop: The Hysterical and the Level-Headed Among Us

Bitcoin Price Drop: The Hysterical and the Level-Headed Among Us

A price crash lays bare some of the strangest aspects of people’s personalities. When I went to bed Friday night, 1 bitcoin was threatening to break through the US$360 floor. When I awoke Saturday morning, the price was in the 330s. By Sunday afternoon, I saw sell prices on some exchanges around US$280. That range encompasses a 22% drop in Bitcoin’s exchange value against the US dollar. “Bearish: In case prices break down bellow the US$340-350 zone, it would most likely go down to the US$260 area with the round number of US$300 perhaps slowing down the slide a bit.” By Monday morning, the....


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