In a major black swan event, the FBI have seized Silk Road and arrested the owner. Predictably like lemmings everyone is selling bitcoins in a mad panic right now. Price has plummeted down to about $110 so far, and still falling. Very convenient timing for the US authorities I have to say. Almost makes one wonder if they’ve been sitting on it for a while, waiting for the opportune moment. Wish I’d kept back some money to buy more, going to be huge bargains soon. Sell mortimer sell. Buy buy buy
Heres how the carnage is looking at the time of posting.