[viach]

Indeed, I wouldn't call a change 15K -> 13K a collapse.

[nopriorarrests]

according to reuters, "Bitcoin extends slide to trade down 18 percent on day at $11,191 on Bitstamp Exchange, on track for biggest one-day fall in three years" - so, pretty significant move.

[lawlessone]

it was 1K at the start of last year so yeah this years bubble will probably burst.

[pygy_]

I'm suspicious of growth curves that are still supra-linear when plotted in log scale...

[mschuster91]

There are a bunch of coins that lost over 20% in 24h, and the 7d-situation looks even worse with even huge coins like Ripple taking a 45% drop in value.

[sidhuko]

48 now. Ripple's being hit hard.

[Cthulhu_]

Ripple was way overvalued, it was intended to be about $1.

[lawlessone]

The creators have also pretty much premined or own all the "coin".

They even warned people on the Ripple website not to speculate on it.

[mr_toad]

Below 11.5k now and picking up speed.

[tom_mellior]

Picking up speed... upwards? At the moment you posted it turned around, and 31 minutes later it's at 11.9k.

Trying to read this short-term things is uninformative.

Oh, in the time I typed the sentence above it went from 11.94k to 11.99k.

[mr_toad]

Yep, it might have bottomed out.

Or maybe it’s a dead cat bounce. It’s amusing either way.

[simik]

I've just made a bet it's dead cat bounce. Let's see how it goes.