No need to panic, all ships have the built-in capacity to sink more than 10.000 meters ! Said the captain of the Titanic upon hitting the iceberg - "holes in a ship's body are merely a healthy correction of the builder's oversights !" While the band was playing in back.
But seriously, though nobody had expected this before Christmas, the market was overbought and by imbeciles at that, who are now all out investing in designer candles at the shopping mall...
Roger Ver's skilfully executed Bitcoin Cash marketing presented us with a nice end-of-year scare, and we all know it was worth it, so that we now have another altcoin that can do stuff marginally better and cheaper...
Who wouldn't pay a lot of money for that, see the entire crypto market decline and sacrifice the chance of seeing their earnings increase by another 20% this year?
Thank you, Roger, for being an essential Guru since Mt Gox !
In another vein, I was cautious enough to "panic-sell" at 17.500 and so I'm looking forward to buying in at 8500 if I get the chance ;))