I was expecting a correction (in fact I even made a post about it yesterday)
I did so a week ago.
but I never expected that it will be this bad. Now it has gone below $1,900 in Bitfinex.
Come on, the absurd rise began by the end of the year. Merely looking at the chart, I'd expect it to go down to below 1k.
Remember: BTC has no intrinsic value, no state, organisation or even some small assets backing it and huge technical problems that aren't going to be resolved in due time. So there's nothing to catch the falling rate, once the hysterical selling starts.
Franquin painted a picture of the happy bitcoin investors who expect the rate to go up to 3000 soon:
https://s-media-cache-ak0.pinimg.com/474x/f0/5a/40/f05a40ba6b0535dcf5532b8c83f5885f.jpg