What would be the reason for bitcoin to plunge into the abyss? It survived Silk Road and gox, surely it won't collapse for no reason.
Interesting defintion of "plunge". It dropped $50 in a week. The week before that it gained $100.
Since a year ago we're up some 500%. If that's pluging into the abyss, I would be very interested in what other investments you keep?
The top reason to drop right now would be traders selling out on a break of trend. There are a lot traders just front running the next 'scheduled 9 month bubble' which might not happen.