Quote from: JanMey on December 30, 2017, 03:29:11 PM

In other commodity trading, drops like this is indicative of a market slump and may result in panic selling.

And guess what? It's the same for bitcoin or crypto in general! and the panic selling in bitcoin is probably even worse, as there's so much dumb money in the market just because people FOMO in for the profits; even some guys grandma probably is interested in investing in bitcoin.

Will the price recover? Theoretically, if we don't get negative regulations like bans and or whatever kind of FUD, bitcoin should rise in price due to the increasing demand and decreasing supply.