Originally Posted by Biggy

How is it possible to have a drop greater that 20x 50% ? So Bitcoin has lost 1000% of its value at some point or gone into negative territory?

I'd say the drop from $1000 to $500 is as big of a drop as it's ever had. You are obviously heavily invested in the LONG position. Good luck to you...

I really dont see some new wave of hype carrying it forward. Even the guys that are investing heavily in "Bitcoin" are placing more of a bet on cryptocurrency, than the specific Bitcoin denomination. They aren't hoarding coins, but rather building services and infrastructure around the currency.... they feel that the services they are building will be able to be applied to whatever cryptocurrency ends up winning the end of the day, and one that would have more global acceptance. So yeah, go ahead and keep hoarding those bitcoins. The long term perspective says it will drop a lot more than before it rises again. If I was you and long, I'd sell some right here, and re-buy it lower.