Quote from: jakelyson on March 12, 2017, 06:46:56 AM

Quote from: Proficient on March 12, 2017, 12:02:11 AM

Bitcoin is still pretty stable and will continue to be. The ETF did not destroy Bitcoin, far from it. I think this shows the strength of the community and that people are properly in this for the long run.

Quite right, even when it dropped below 1000 when the ETF was disapproved, it immediately recovered. This means that there are a lot of buy orders waiting and in support for bitcoin. It will not easily crash like the others are speculating, at least not yet and not because of ETF failing.

i wouldn't call that a "drop below $1000" because obviously it didn't last at all. and also because it was a one time big sell off that ate through the orderbook and that will always happen when someone sells a big chunck of bitcoin or anything else in any market at once.
the important thing was the come back that only took less than a minute to complete and price came back up to $1150 in matter of minutes.