I know you posted this a while back, but just remember the word "correction" for a moment, so when this happens next time you won't wonder why. So what is a correction? Well its when a market reverses a direction after a period of overvaluation. Now you yourself noted that the market, for essentially a year straight, had a meteoric upward trend. My question to you is, do you think than a asset, especially one that isn't tied to anything (meaning its purely speculative), can go up and up forever (meaning there are always buyers) without eventually some percentage of those coin holders saying to themselves "geez, I wonder if this will go up literally forever, maybe I should sell?)? Its not shocking that there was a correction, what would in fact be shocking is if it went up forever, regularly marked by huge percentage points jumps, and there were never selloffs.