Within barely an hour, Bitcoin (BTC, XBT) dropped from about $13.650 to $3680 today, at several exchanges while others went down or were closed. While technical analysts are calling the goings-on a "healthy correction," market insiders are talking about an "international banking business conspiracy never seen before."
"The bastards pumped Ripple like hell for a few days," Roger V., well-known crypto insider, was heard to opine, "and every day some of the loons, banking bosses from Denmark, France and India, kept making press releases saying Bitcoin is a fraud, a bubble, a cancer... and that the only safe haven was Ripple, the banker's coin. Sure as hell, all the idiots went for it... so now we get this, what with all the dumb money flowing into Ripple..."
He may be right. The fall was so drastic that the wick of the lowest candle actually went straight into the MacD window on the lower screen - it's called the "gravitas effect" in the technical analysis business.
IS THIS THE END ? No, it's satire. Come off it. Wait for the weekend to pass and once Bitcoin has dropped low enough, the bankers will start buying. Then you, the dumb money, will be invited to join again - after all, somebody has to pay ;)
